Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Quincy port approves contract award for intermodal expansion
QUINCY — Construction crews will be working this winter on the first phase of expansion of the Port of Quincy’s in…
Sonoma County prepares to sue PG&E for damages from fire
SONOMA, Calif. (AP) — A county in Northern California wine country is exploring plans to sue a utility over a massive wildfire last fall that caused losses of $725 million when combined with rolling power shutoffs.
US stocks rise ahead of signing of 'Phase 1' trade deal
NEW YORK (AP) — Stocks rose in midday trading on Wall Street Wednesday ahead of the signing of an initial trade deal between the U.S. and China.
Nissan adds nearly 346K vehicles to Takata recall saga
DETROIT (AP) — Nissan is recalling nearly 346,000 vehicles worldwide to replace dangerous Takata air bag inflators that can explode and hurl shrapnel.
Putin announces constitutional reform, his PM steps down
MOSCOW (AP) — President Vladimir Putin accepted the resignation of his prime minister Wednesday after proposing constitutional amendments that could herald his intention to carve out a position that would let him s…
Goldman Sachs profit falls 24% as legal expenses mar results
NEW YORK (AP) — Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its looming settlement with U.S. authorities over its role in a Malaysia…
US wholesale prices up slight 0.1% in December
WASHINGTON (AP) — U.S. wholesale prices rose a slight 0.1% in December as a jump in the cost of energy was offset by falling food prices.
US wholesale prices up slight 0.1% in December as energy increase offset by food drop
WASHINGTON (AP) — US wholesale prices up slight 0.1% in December as energy increase offset by food drop.
Putin seeks amendments to boost power of parliament, Cabinet
MOSCOW (AP) — President Vladimir Putin proposed Wednesday tweaking the Russian Constitution to increase the powers of parliament and the Cabinet, a move that could herald his intention to take a political position …
EU legal opinion: mass data retention at odds with EU law
BRUSSELS (AP) — A legal adviser at the European Union’s highest court said Wednesday that the bloc's data protection rules should prevent member states from indiscriminately holding personal data seized from Intern…
Nissan adds nearly 308K vehicles to Takata recall saga
DETROIT (AP) — Nissan is recalling nearly 308,000 vehicles in the U.S. to replace dangerous Takata air bag inflators that can explode and hurl shrapnel.
Goldman: 4Q Earnings Snapshot
NEW YORK (AP) _ Goldman Sachs Group Inc. (GS) on Wednesday reported fourth-quarter net income of $1.92 billion.
Target, like other retailers, did not have a Merry Christmas
Target reported a rare shortfall in holiday sales, raising concerns about the challenges ahead for the traditional retail industry even as the economy remains strong.
Bank of America 4Q profits fall with lower interest rates
NEW YORK (AP) — Consumer banking giant Bank of America said Wednesday that its fourth-quarter profits fell 4% from a year ago, as the bank was impacted by the rapid decline of interest rates in late 2019.
Bank of America: 4Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ Bank of America Corp. (BAC) on Wednesday reported fourth-quarter net income of $6.99 billion.
UnitedHealth tops quarterly profit expectations, again
UnitedHealth Group’s net income jumped 16% in the fourth quarter as the nation’s biggest health insurer ended 2019 by topping Wall Street earnings expectations again.