Business

The Latest: Congress passes bill rolling back banking rules

The Latest: Congress passes bill rolling back banking rules

WASHINGTON — The Latest on legislation to roll back rules for banks (all times local): 5:45 p.m. Congress has moved to dismantle some key rules for banks that were installed to prevent a replay of the 2008 financial crisis. The House voted 258-159 to approve legislation rolling back the landmark Dodd-Frank law, sending the bill to President Donald Trump. He […]

Stocks sink late as smaller companies and industrials fade

Stocks sink late as smaller companies and industrials fade

By MARLEY JAY, AP Markets Writer NEW YORK — Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days. Large industrial companies like Boeing, 3M and Caterpillar slipped, and retailers including Kohl‘s, AutoZone and Advance Auto Parts fell after releasing their […]

US and China work on ZTE rescue; Mnuchin denies quid pro quo

US and China work on ZTE rescue; Mnuchin denies quid pro quo

By PAUL WISEMAN and MARTIN CRUTSINGER, AP Economics Writers WASHINGTON — The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business. President Donald Trump said Tuesday that the deal might require ZTE to revamp its board and to pay a […]

Low US unemployment rate masks financial struggles for many

Low US unemployment rate masks financial struggles for many

By CHRISTOPHER RUGABER, AP Economics Writer WASHINGTON — Despite an ultra-low 3.9 percent unemployment rate, about one-third of U.S. adults faced financial insecurity last year and often struggled to pay unexpected expenses, a Federal Reserve survey found . For three in 10 adults, their monthly incomes fluctuated — often because their work schedules changed at short notice — and that […]

AP Explains: Congress moves to roll back Dodd-Frank law

AP Explains: Congress moves to roll back Dodd-Frank law

By KEVIN FREKING, Associated Press WASHINGTON — Just over decade ago, the first inklings of the coming recession emerged as a housing bubble fueled by scant regulation, low-interest rates and easy credit gradually began to crater and soon would take the rest of the economy along for the painful ride. By the time the Great Recession ended in June 2009, […]

‘Incorrect media story to blame for INBS crisis‘

‘Incorrect media story to blame for INBS crisis‘

Irish Nationwide‘s former boss Michael Fingleton and chairman Michael Walsh have blamed an incorrect news story in the midst of the crash for a €1bn run on the lender and said that only a decision to halt lending in 2007 prevented a wider catastrophe at the time. At the Central Bank‘s inquiry into alleged regulatory breaches at the organisation, Dr […]

Musgrave eyes ‘Ireland 2040‘ blueprint to boost growth

Musgrave eyes ‘Ireland 2040‘ blueprint to boost growth

Musgrave Group is studying the Government‘s ‘Ireland 2040‘ infrastructure plans as well as demographic trends as it plots new store and product rollouts. It believes intensive urbanisation in Dublin and Belfast will suit its online grocery business. The retail and wholesale group, whose brands include SuperValu and Centra, made a pre-tax profit of €80m in the year to December 30, […]