Financial services

February 16, 2018 - 2:18 am
NEW DELHI (AP) — Reports say that Indian investigators have ordered two wealthy jewelers to be questioned about an alleged $1.8 billion banking scam. The reports Friday by the news agency Press Trust of India and other media came a day after authorities raided the homes and offices of Nirav Modi...
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FILE- In this Nov. 24, 2017, file photo, a shopper looks over clothing at a J.C. Penney store in Seattle. On Wednesday, Feb. 14, 2018, the Labor Department reports on U.S. consumer prices for January. (AP Photo/Elaine Thompson, File)
February 14, 2018 - 11:59 am
WASHINGTON (AP) — U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and has intensified inflation fears in financial markets. Overall consumer prices rose 0.5 percent in January, the most in four months, the...
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FILE- In this Nov. 24, 2017, file photo, a shopper looks over clothing at a J.C. Penney store in Seattle. On Wednesday, Feb. 14, 2018, the Labor Department reports on U.S. consumer prices for January. (AP Photo/Elaine Thompson, File)
February 14, 2018 - 10:41 am
WASHINGTON (AP) — U.S. consumer prices, excluding the volatile food and energy categories, rose 0.3 percent last month. That was the biggest climb in a year and has intensified inflation fears in financial markets. Overall consumer prices rose 0.5 percent in January, the most in four months, the...
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FILE - This Oct. 4, 2014, file photo, shows the facade of the New York Stock Exchange. Health care companies are leading stocks broadly lower in early trading Tuesday, Feb. 13, 2018, on Wall Street as the market gives back some of its big gain from the day before. (AP Photo/Richard Drew, File)
February 14, 2018 - 9:19 am
NEW YORK (AP) — The latest on developments in financial markets (all times local): ___ 9:15 a.m. U.S. stock futures are lower after the government reported the highest increase in consumer prices in a year. Futures for the Dow Jones industrials were indicating a drop of 177 points at the open. The...
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In this Feb. 13, 2018 photo the lights of the skyline of the Frankfurt, Germany, banking district are reflected in the river main after the sun set. (Boris Roessle/dpa via AP)
February 14, 2018 - 7:03 am
FRANKFURT, Germany (AP) — European finance officials are underlining their skepticism toward virtual currencies like bitcoin, saying they are risky for investors and inefficient as a way to pay for things. A top monetary official, Jens Weidmann, said in a speech Wednesday that virtual currencies...
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February 14, 2018 - 4:00 am
FRANKFURT, Germany (AP) — A top European monetary official says digital currencies are no substitute for conventional money issued and managed by central banks. Jens Weidmann said in a speech Wednesday that digital currencies such as Bitcoin are not good means of payment because their values...
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February 13, 2018 - 10:13 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert to any emerging risks to financial stability. Powell says the central bank is in the process of "gradually" raising...
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FILE - In this Jan. 15, 2013, file photo, Remington rifle cartridges are displayed at the 35th annual SHOT Show in Las Vegas. Remington, the gunmaker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, said Monday, Feb. 12, 2018, that it has reached a financing deal that would allow it to continue operating as it files for Chapter 11 bankruptcy protection. (AP Photo/Julie Jacobson, File)
February 12, 2018 - 11:40 am
MADISON, N.C. (AP) — Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection. The maker of the Bushmaster AR-15-style rifle...
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FILE - In this Jan. 15, 2013, file photo, Remington rifle cartridges are displayed at the 35th annual SHOT Show in Las Vegas. Remington, the gunmaker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, said Monday, Feb. 12, 2018, that it has reached a financing deal that would allow it to continue operating as it files for Chapter 11 bankruptcy protection. (AP Photo/Julie Jacobson, File)
February 12, 2018 - 11:10 am
MADISON, N.C. (AP) — Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating as it seeks Chapter 11 bankruptcy protection. The maker of the Bushmaster AR-15-style rifle...
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FILE - In this Sept. 1, 2004, file photo, medical bottles bearing tracking codes in the McKesson medical distribution center in Delran, N.J. President Donald Trump has made big promises to reduce prescription drug costs, but his administration is gravitating to relatively modest steps such as letting Medicare patients share in manufacturer rebates. (AP Photo/Brian Branch-Price, File)
February 12, 2018 - 12:33 am
WASHINGTON (AP) — President Donald Trump makes big promises to reduce prescription drug costs, but his administration is gravitating to relatively modest steps such as letting Medicare patients share in manufacturer rebates. Those ideas would represent tangible change and they have a realistic...
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