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Stocks fall as banks, tech take a beating
Wall Street rode another wave of selling Monday that sent U.S. stocks sharply lower, before a late-afternoon pullback stemmed some of the losses. Investors unloaded materials, financials and other stocks, briefly knocking the Dow Jones industrial average down more than 400 points. Technology shar...
By Alex Veiga The Associated Press FULL STORY
 
Yellen will testify amid predictions of slower rate hikes
WASHINGTON — Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016. That was then. Panicky financial markets, global weakness and slumps in key U.S. economic sectors have si...
By Martin Crutsinger The Associated Press FULL STORY
India Internet ruling blocks Facebook ‘Free Basics’ program
SAN FRANCISCO — India’s government has essentially banned a Facebook program that sought to connect with low-income residents by offering free access to a limited version of the social network and other Internet services. The ruling is a major setback for Facebook CEO Mark Zuckerberg, who had l...
By Brandon Bailey The Associated Press FULL STORY
 
Yelp 4Q sales higher, loss worse than seen as CFO resigns
SAN FRANCISCO — Restaurant reviews site Yelp Inc. posted a mixed bag of results Monday with higher revenue but lower profits than expected while saying its chief financial officer will step down. The earnings release came out unexpectedly before the market close, which caused a modest spike in sh...
The Associated Press FULL STORY
Gap reports 7 percent drop for a key sales figure for 4Q
NEW YORK — Gap Inc. reported slumping sales at all three brands for the crucial fourth-quarter, which covers the holiday season. The company, which operates Gap, Old Navy and Banana Republic stores, said Monday that a key revenue measure, sales at established stores, fell 7 percent in the Novembe...
The Associated Press FULL STORY
 
Budweiser didn’t pay for Manning’s post-Super Bowl shout out
LOS ANGELES — No, Anheuser-Busch didn’t pay Peyton Manning to say he’d be drinking a lot of Budweiser after winning the Super Bowl. The company’s verified Twitter account said late Sunday, “We didn’t know the shout out was coming either, but we’re glad it did.” A-B marketing direc...
The Associated Press FULL STORY
Feds find Fiat Chrysler gear shifters can confuse drivers
DETROIT — Electronic gear shifters on some newer Fiat Chrysler SUVs and cars are so confusing that drivers have exited the vehicles with the engines running and while they are still in gear, causing crashes and some serious injuries, U.S. safety investigators have determined. The National Highwa...
The Associated Press FULL STORY
  
 
  


 
 
 
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Trump, Sanders victorious in New Hampshire primaries
MANCHESTER, N.H. — Republican Donald Trump and Democrat Bernie Sanders swept to victory in Tue..
Mavericks takes off Friday: Big wave surf contest confirmed in Half Moon Bay
It’s official — El Niño has provided and the Titans will descend.Organizers and forecasters wit..
California farmers reap record sales in record drought
FRESNO — A new state report shows California farmers reaping record sales despite the epic drought..
Obama sends Congress record $4.1 trillion 2017 spending plan
WASHINGTON — President Barack Obama sent Congress on Tuesday his eighth and final budget, proposin..
Intelligence chief: North Korea restarts plutonium reactor
WASHINGTON — North Korea has expanded a uranium enrichment facility and restarted a plutonium reac..
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