Business

April 26, 2018 - 4:33 am
CANBERRA, Australia (AP) — Ford Motor Co.'s Australian subsidiary has been fined 10 million Australian dollars ($7.6 million) by an Australian court for mishandling customer complaints about faulty automatic transmissions in thousands of cars. The fine in the Federal Court on Thursday equals the...
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April 26, 2018 - 4:23 am
BEIJING (AP) — China has called on Washington to avoid damaging business confidence following a report U.S. authorities are investigating whether Chinese tech giant Huawei violated sanctions on Iran. A foreign ministry spokeswoman, Hua Chunying, said Thursday that China opposes any country imposing...
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April 26, 2018 - 4:06 am
SEOUL, South Korea (AP) — LG Electronics Inc. says it will acquire Austrian-based automotive light maker ZKW in the company's biggest acquisition so far. The South Korean company said Thursday it plans to buy a 70 percent stake in ZKW Holding, a supplier to BMW and Mercedes-Benz, for 1.4 trillion...
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Protesters listen to speakers talk about EPA Administrator Scott Pruitt and the state of the EPA during a protest by the American Federation of Government Employees union, Wednesday, April 25, 2018, in Washington. (AP Photo/Alex Brandon)
April 26, 2018 - 4:05 am
WASHINGTON (AP) — Environmental Protection Agency chief Scott Pruitt faces potentially make-or-break hearings Thursday on Capitol Hill, where he is expected to be peppered with questions about spending and ethics scandals that have triggered bipartisan calls for his ouster. Pruitt was scheduled to...
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April 26, 2018 - 3:53 am
TOKYO (AP) — Nintendo Co. is reporting solid sales and profit for the fiscal fourth quarter, powered by brisk demand for its Switch machines. The Japanese maker of Super Mario and Pokemon games reported Thursday that its January-March profit totaled 4.4 billion yen ($40 million), reversing a 394...
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April 26, 2018 - 3:39 am
FRANKFURT, Germany (AP) — Profits have slipped at automaker Volkswagen in the first quarter due to a change in accounting rules, but sales increased and the company recorded no significant additional losses from its diesel emissions scandal. Net profit fell 2 percent to 3.3 billion euros on sales...
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FILE - In this Jan. 25, 2018 file photo, an employee of Hyundai Motor Co. waits for customers at the company's showroom in Seoul, South Korea. Hyundai Motor said Thursday, April 26, 2018 its first-quarter profit has plunged to the lowest level in more than eight years as sales dwindled in the United States and China. (AP Photo/Ahn Young-joon, File)
April 26, 2018 - 3:27 am
SEOUL, South Korea (AP) — Hyundai Motor said Thursday that its first-quarter profit plunged to its lowest level in more than eight years as sales dwindled in the United States and China. South Korea's largest automaker said its January-March earnings sank a larger-than-expected 48 percent to 731.6...
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April 26, 2018 - 3:03 am
SEOUL, South Korea (AP) — Hyundai Motor says its first-quarter profit has plunged to the lowest level in more than eight years as sales dwindled in the United States and China. South Korea's largest automaker said Thursday its January-March earnings sank a larger-than-expected 48 percent to 731.6...
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FILE- This Feb. 15, 2018, file photo shows a wheel on a Ford Expedition 4x4 on display at the Pittsburgh Auto Show. Ford Motor Co. reports earnings Wednesday, April 25, 2018. (AP Photo/Gene J. Puskar, File)
April 26, 2018 - 2:44 am
DEARBORN, Mich. (AP) — Ford Motor Co. said Wednesday it will shed most of its North American car lineup as part of broad plan to save money and make the company more competitive in a fast-changing marketplace. The changes include getting rid of all cars in the region during the next four years...
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April 26, 2018 - 2:00 am
FRANKFURT, Germany (AP) — Deutsche Bank reports that its profit fell to 120 million euros ($146 million) in the first quarter as exchange rates and lower revenues at its investment bank weighed on profits. The bank, which is struggling to cut costs and return to profit after three straight full-...
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