Business

Business

Asian shares fall back on trade worries, tech outlook

South Korea Financial Markets-8

SEOUL, South Korea (AP) — Shares are lower in Asia after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the potential for trade tensions to harm global growth also weighed on sentiment. KEEPING SCORE: Japan’s Nikkei 225 edged 0.1...


Business

Snowbasin gets new general manager, Davy Ratchford

INVERSION SKIING

Davy Ratchford will replace retiring General Manager John Loomis, who has been at the resort for six years, the company said in a press release Thursday, April 19.


Business

Southwest Airlines sought more time for engine inspections

Southwest Airlines Emergency Landing

DALLAS (AP) — Southwest Airlines sought more time last year to inspect jet-engine fan blades like the one that snapped off during one of its flights Tuesday in an accident that left a passenger dead. The airline opposed a recommendation by the engine manufacturer to require ultrasonic inspections...


Business

US to fine Wells Fargo $1 billion - the most aggressive bank penalty of the Trump era

(c) 2018, The Washington Post. WASHINGTON - Federal regulators are preparing to fine megabank Wells Fargo about $1 billion for misbehavior in its auto and mortgage businesses, according to two people familiar with the negotiations. The settlement, which could be announced as soon as Friday, would...


Business

Texas deputy stumbles upon suspect in Vegas picnic shooting

Shooting Casino Company Picnic

LAS VEGAS (AP) — A disgruntled casino employee accused of shooting two executives at a company picnic in Las Vegas planned an escape and spent days on the run before a sheriff’s deputy happened upon him sleeping in a car Thursday near a small Texas Panhandle town, authorities said. A deputy on...


Business

US to fine Wells Fargo $1 billion - the most aggressive bank penalty of the Trump era

(c) 2018, The Washington Post. Federal regulators are preparing to fine mega bank Wells Fargo about $1 billion for misbehavior in its auto and mortgage markets, according to two people familiar with the negotiations. The settlement, which could be announced as soon as Friday, would be the most...


Business

Financial Markets Glance

Dow Jones Industrials High: 24,762.48 Low: 24,557.03 Close: 24,664.89 Change: —83.18 Other Indexes Standard&Poors 500 Index: 2693.13 —15.51 NYSE Index: 12,671.48 —61.40 Nasdaq Composite Index: 7238.06 —57.18 NYSE Amer Composite: 2595.66 —7.45 Russell 2000 Index: 1573.82 —9.74 Wilshire 5000...


Business

A 1st at the Panama Canal: 3 LNG tankers crossed in a day

(c) 2018, Bloomberg. Three liquefied natural gas tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade. All three ships -- Gaslog Hong Kong, Gaslog Gibraltar and Clean Ocean -- entered the...


Business

Mattel's incoming chairman named to replace outgoing CEO

(c) 2018, Bloomberg. Mattel Chief Executive Officer Margo Georgiadis, who joined the toymaker from Google promising to overhaul the company, is stepping down and will be replaced by incoming Executive Chairman Ynon Kreiz. Georgiadis, who is leaving to pursue a new opportunity in the technology...


Business

Cybersecurity expert's case delayed as new details emerge

Cyberattack Fighter Detained

MILWAUKEE (AP) — The case of British cybersecurity expert once heralded as a hero for stopping the WannaCry worldwide computer virus was delayed Thursday to allow his attorneys more time to prepare arguments on why a judge should suppress statements he made after his arrest for allegedly creating...


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