Business

(AP Photo/Richard Drew)
August 14, 2019 - 4:06 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average sank 800 points after the bond market flashed a warning sign about a possible recession for the first time since 2007. The yield on the 10-year Treasury briefly dropped below...
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Fed Reserve Chairman Jerome Powell (AP Photo/Susan Walsh, File)
July 31, 2019 - 1:29 pm
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump's trade wars to chronically low inflation and a dim global outlook...
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(AP Photo/Bebeto Matthews, File)
July 26, 2019 - 11:07 am
By TALI ARBEL and MARCY GORDON Associated Press WASHINGTON (AP) — U.S. regulators have approved T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts, in a settlement that would create three giant U.S. cellphone companies. Friday's approval by the Justice...
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FILE - In this March 28, 1990, file photo, Chrysler Corporation Chairman Lee Iacocca sits in a 1990 Dodge Viper sports car as the Chrysler in the 90's six city tour makes a visit to New York. Former Chrysler CEO Iacocca, who became a folk hero for rescuing the company in the '80s, has died, former colleagues said Tuesday, July 2, 2019. He was 94. (AP Photo/Osamu Honda, File)
July 03, 2019 - 5:37 am
DETROIT (AP) — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two former Chrysler executives who worked with him, Bud...
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Getty Images / marchmeena29
June 21, 2019 - 12:03 pm
NEW YORK (AP) — Hawaii, Massachusetts, Minnesota and Nevada are joining the legal fight against T-Mobile's $26.5 billion bid for Sprint in a case that lawyers on both sides say they hope will reach trial in October. Beau Buffier, a lawyer for New York state's attorney general, told a judge at a...
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Image Courtesy of Four Seasons Hotels and Resorts
June 13, 2019 - 12:16 pm
One of the world's largest luxury companies is coming to Downtown Minneapolis. Expected to open in early 2022, the Four Seasons Hotel and Priveate Residences will be a 35-story building situated at the top of Nicollet Mall a few blocks from the Mississippi. It will be the city's first-ever 5-Star...
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