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Economy News

US new-home sales drop 11.4% in April, most in 2 years

U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday ...

AP Exclusive: CEOs got biggest raise since 2013

The typical CEO at the biggest U.S. companies got an 8.5 percent raise last year, raking in $11.5 million in salary, stock ...

South Korea's Park denies charges as corruption trial begins

Former President Park Geun-hye denied corruption charges Tuesday at the start of a criminal trial that could potentially send ...

Arconic allows activist investor to add board members

Elliott Management will add three members to the board at Arconic, and one will have a say in naming the next CEO.

Justices make it easier for companies to defend patent cases

The Supreme Court on Monday made it easier for companies to defend themselves against patent infringement lawsuits in a ...

Jim Hackett

Ford taps former office furniture executive to be new CEO

The job of Ford's new CEO won't be easy: He will have to shore up the 114-year-old company's traditional auto business, but ...

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Israeli Pol's Awkward Selfie with Trump

An Israeli lawmaker from Benjamin Netanyahu's ruling Likud party whipped out his cellphone and pushed himself into a selfie ...

Michel Temer

Brazil's leader mounts defense to save his presidency

Fighting to save his job amid a mushrooming corruption scandal, Brazilian President Michel Temer told the nation Saturday ...

Michael Phelps, Nicole Johnson

Phelps says he has no plans to return to competition

Michael Phelps pumped his right fist upon completing the final leg for the winning relay team ahead of Australian great Grant ...

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Tillerson Claims New US-Saudi Partnership

Following a signing ceremony between the U.S. and Saudi Arabia to cement a number of defense and business agreements, ...

At WEF, entrepreneurs seen as solution for Mideast troubles

Digital start-ups run by young Arab entrepreneurs took center stage Saturday at the World Economic Forum, where participants ...

Charges shed light on sea cucumber smuggling at US border

Charges against a father-son partnership for allegedly smuggling more than $17 million worth of sea cucumbers to the United ...

Trump's pick for deputy treasury secretary withdraws

President Donald Trump's choice to be deputy treasury secretary, bank executive Jim Donovan, is withdrawing from ...

John Deere

Green Machine is back, Deere posts a big 1Q and ups outlook

Despite weaker crop prices and nervous American farmers, Deere & Co. reported better-than-expected earnings on strong ...

Standard & Poor's raises Indonesia credit rating

Standard & Poor's raised Indonesia's sovereign credit rating to investment grade on Friday in recognition of a stable ...

AP Explains: Voting, governance and clerical power in Iran

Iranians vote Friday for the next president of the Islamic Republic, but how does that elected leader fit into the country's ...

Michel Temer

Brazil's Temer: 'I won't resign' amid corruption allegations

Brazilian President Michel Temer on Thursday rejected calls for his resignation, saying he will fight allegations that he ...

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AP Explains: What is NAFTA?

Donald Trump called NAFTA the “worst trade deal maybe ever signed anywhere.’’ So he wants to renegotiate it -- or kill it ...

Gap shares climb after profit exceeds expectations

Shares of Gap climbed Thursday after the retailer reported a quarterly profit that topped Wall Street expectations. The San ...

Ralph Lauren

Ralph Lauren posts quarterly loss a day after naming new CEO

Preppy clothing retailer Ralph Lauren Corp. reported a quarterly loss and another drop in revenue on Thursday, a day after ...

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