Business

File-In this Oct. 3, 2016, file photo, Kyle Palmer, left, of Idaho waits as his son Lance Palmer of San Francisco, takes a photograph of the scene looking south from Beetle Rock at Giant Forest in Sequoia National Park, Calif. President Donald Trump will sign executive orders this week aimed at expanding offshore oil drilling and reviewing national monument designations made by his predecessors, continuing the Republican's assault on Democratic President Barack Obama's environmental legacy. (Eric Paul Zamora/The Fresno Bee vi AP, File)
April 28, 2017 - 12:36 pm
WASHINGTON (AP) — Working to dismantle his predecessor's environmental legacy, President Donald Trump signed an executive order on Friday aimed at expanding drilling in the Arctic and opening other federal areas to oil and gas exploration. With one day left to rack up accomplishments before he...
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FILE - In this Oct. 2, 2014 file photo, people pass a Wall Street subway stop, in New York's Financial District. The major U.S. stock indexes were mostly lower in early trading Friday, April 28, 2017, as investors sized up the latest batch of company earnings.(AP Photo/Richard Drew, File)
April 28, 2017 - 10:49 am
The major U.S. stock indexes were mostly lower in morning trading Friday as investors sized up the latest batch of company earnings. Real estate stocks lagged the most, while energy companies led the gainers as the price of crude oil headed higher. Several technology companies were moving higher...
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FILE - In this April 29, 2010 file photo, an issue of Time Magazine is shown on a newsstand, in New York. Time's stock is plummeting after the publisher said its board is not considering a sale of the company. The New York-based company said Friday, April 28, 2017, that a number of parties expressed interest in the business, but no sale process was ever begun. (AP Photo/Mark Lennihan)
April 28, 2017 - 10:38 am
NEW YORK (AP) — Time's stock is plummeting after the publisher said its board is not considering a sale of the company. The New York-based company said Friday that a number of parties expressed interest in the business, but no sale process was ever begun. Time's board decided the company should...
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This April 25, 2017, photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobile Corp. reports earnings on Friday, April 28, 2017. (AP Photo/Mark Humphrey)
April 28, 2017 - 10:31 am
IRVING, Texas (AP) — Exxon more than doubled its profit in the first quarter as rising crude prices magnified the cost cuts made by the company as energy prices tumbled. The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the three month period, up from $1.81 billion, or 43...
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April 28, 2017 - 10:28 am
WASHINGTON (AP) — A federal appeals court has left in place a decision blocking Anthem Inc.'s bid to buy rival health insurer Cigna Corp. The 2-1 decision Friday upholds a federal judge's ruling in February that said the proposed $48 billion acquisition would reduce competition in the concentrated...
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FILE - In this Sept. 16, 2016 file photo, Lisa Gao compares a new jet black iPhone 7, right, with her iPhone 6 at the Apple Store in Chicago. Qualcomm says Apple’s refusal to pay royalties related to technology used in smartphones will take a big bite out of its profit and revenue. Apple Inc. has sued Qualcomm, saying the chipmaker is abusing its control over essential technology and charging excessive licensing fees. Qualcomm says Apple has indicated that it won’t pay fees until the dispute is resolved. Representatives for the Cupertino, California-based iPhone did not immediately respond to a request for comment Friday, April 28, 2017. (AP Photo/Kiichiro Sato)
April 28, 2017 - 9:41 am
NEW YORK (AP) — Qualcomm slashed its profit expectations Friday by as much as a third after saying that Apple is refusing to pay royalties on technology used in the iPhone. Its shares hit a low for 2017. Apple Inc. sued Qualcomm earlier this year, saying that the San Diego chipmaker has abused its...
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This Monday, April 24, 2017, photo, shows the Chevrolet emblem on the grill of an Equinox compact sport utility vehicle at Quirk Auto Dealers in Manchester, N.H. General Motors Co. reports financial results, Friday, April 28, 2017. (AP Photo/Charles Krupa)
April 28, 2017 - 9:36 am
DETROIT (AP) — Rising sales of high-profit trucks and SUVs in the U.S. helped push General Motors to a first-quarter profit record as the company put up $2.6 billion in net income. The company's sales in its most lucrative market were up even though the overall industry was down from January...
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In this Wednesday, March 29, 2017, photo, people walk near the Comcast Innovation and Technology Center under construction, middle, and the Comcast Center, center right, in Philadelphia. On Friday, April 28, 2017, the Commerce Department issues the first of three estimates of how the U.S. economy performed in the January-March quarter. (AP Photo/Matt Rourke)
April 28, 2017 - 9:35 am
WASHINGTON (AP) — The U.S. economy turned in the weakest performance in three years in the January-March quarter as consumers sharply slowed their spending. The result underscores the challenge facing President Donald Trump in achieving his ambitious economic growth targets. The gross domestic...
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FILE - In this March 22, 2017 file photo, Labor secretary-designate Alexander Acosta testifies on Capitol Hill in Washington. The Senate is poised to confirm Acosta as President Donald Trump’s secretary of labor. The vote expected Thursday, April 27, 2017, would make Acosta the only Hispanic in the Cabinet and complete Trump’s Cabinet as he approaches the 100-day mark of his presidency. (AP Photo/Manuel Balce Ceneta, File)
April 28, 2017 - 9:33 am
WASHINGTON (AP) — Alex Acosta has been confirmed as the nation's new labor secretary, filling out President Donald Trump's Cabinet as he approaches his 100th day in office. A 60-38 vote by the Senate on Thursday confirmed Acosta to the post. Vice President Mike Pence is expected to swear in Acosta...
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FILE - In this March, 14, 2017, file photo, Sen. Elizabeth Warren, D-Mass., speaks with reporters as Democrats criticize the Republican health care plan, at the Capitol in Washington. Warren said during an interview on SiriusXM's "Alter Family Values" April 27, 2017, that she was “troubled” by reports that former President Barack Obama will give a speech to a September health care conference that will be paid for by Wall Street firm Cantor Fitzgerald. (AP Photo/J. Scott Applewhite, File)
April 28, 2017 - 9:32 am
WASHINGTON (AP) — U.S. Sen. Elizabeth Warren says she's "troubled" by reports that former President Barack Obama will be paid $400,000 to speak at a September health care conference put on by Wall Street firm Cantor Fitzgerald. The Massachusetts Democrat said Thursday on SiriusXM's "Alter Family...
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