Finance

A federal jury has decided that Apple Inc. and Broadcom Inc. must pay $1.1 billion to the California Institute of Technology for infringing on patents January 30, 2020, 6:07 AM 1 min read LOS ANGELES — A federal jury on Wednesday decided that Apple Inc. and Broadcom Inc. must pay $1.1 billion to the California […]

An arrest warrant is out for former Nissan chairman Carlos Ghosn, who skipped bail while awaiting trial in Japan, and is now in Lebanon By YURI KAGEYAMA AP Business Writer January 30, 2020, 6:15 AM 2 min read TOKYO — An arrest warrant was issued Thursday for Nissan’s former chairman Carlos Ghosn, who skipped bail

Samsung Electronics Co. says its operating profit for the last quarter fell 33.7% from a year earlier but it predicts earnings will improve in 2020, driven by a gradually stabilizing computer chip market and increasing 5G smartphone sales January 30, 2020, 3:40 AM 2 min read SEOUL, South Korea — Samsung Electronics Co. said Thursday

California lawmakers have failed to pass the most ambitious proposal yet to combat a growing housing crisis By ADAM BEAM Associated Press January 30, 2020, 1:58 AM 4 min read SACRAMENTO, Calif. — California lawmakers have failed to pass the most ambitious proposal yet to combat a growing housing crisis in the nation’s most populous

Interest rates have fallen to historic lows, leaving policymakers with limited room to control the economy by cutting borrowing costs. The problem demands pre-emptive solutions, which officials are expected to announce in mid-2020. For example, the Fed could formally embrace periods of slightly higher inflation. But inflation remains a dirty word in much of America,

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion. New CEO David Calhoun on Wednesday stood by his estimate that regulators will certify changes Boeing is making to the

WASHINGTON — President Trump signed the revised North American Free Trade Agreement into law on Wednesday, fulfilling a key campaign promise and bringing more than two years of tumultuous negotiations over the continent’s trade rules to a close. The trade deal, now called the United States-Mexico-Canada Agreement, updates the quarter-century-old NAFTA, with stronger protections for

Attorneys for Pacific Gas & Electric are assuring a federal judge the utility will emerge from bankruptcy by a June 30 deadline as an investor-owned company By MICHAEL LIEDTKE AP Business Writer January 29, 2020, 10:10 PM 2 min read SAN FRANCISCO — Pacific Gas & Electric attorneys on Wednesday assured a federal judge the

WASHINGTON — President Trump signed the revised North American Free Trade Agreement into law on Wednesday, fulfilling a key campaign promise and bringing more than two years of tumultuous negotiations over the continent’s trade rules to a close. The trade deal, now called the United States-Mexico-Canada Agreement, updates the quarter-century-old NAFTA, with stronger protections for

WASHINGTON — The Federal Reserve kept its key interest rate unchanged at a low level Wednesday amid an economy that looks solid but faces potential global threats, including from China’s viral outbreak. The Fed sketched a mostly bright picture of the U.S. economy in the statement it released after its latest policy meeting. Yet it