Sunday , 19 November 2017

Business News

AP photographer tells how Mnuchin photo came to be

A photo of Treasury Secretary Steven Mnuchin and his wife posing with a sheet of new $1 bills — the first notes bearing his signature — has been prompting people to poke fun at them online. The Associated Press photo shows Mnuchin holding a sheet of the new bills as his wife Louise Linton stands behind him, her gloved hands …

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Insider Q&A: Health data helps doctors pick drugs

Tightly-controlled studies used to test the safety and effectiveness of new drugs don’t always tell the whole story of how well a drug works for the thousands and sometimes millions who later take it. These drug trials often don’t often include women, minorities, and patients with additional conditions who are taking different drugs, leaving doctors unsure how a new drug …

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At a Glance: How automakers perform on Takata recalls

Nineteen automakers will have to recall 69 million Takata air bag inflators in 42 million vehicles by 2020. They have replaced only 43 percent of the 43.1 million inflators recalled so far. Here’s the completion rate for each automaker as of Oct. 27: Source: National Highway Traffic Safety Administration

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Business Highlights

___ Derided by critics, trickle-down economics gets another try WASHINGTON (AP) — Does money roll downhill? In their effort to overhaul the U.S. tax code, President Donald Trump and congressional Republicans are betting it does. Behind their legislation is a theory long popular among conservatives: Slash taxes for corporations and rich people, who will then hire, invest and profit — …

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How major US stock indexes fared on Friday

Retailers and smaller U.S. companies jumped again Friday as they continued to report strong third-quarter results, but technology companies and other big U.S. corporations couldn’t add to the previous day’s gains. On Friday: The Standard & Poor’s 500 index lost 6.79 points, or 0.3 percent, to 2,578.85. The Dow Jones industrial average declined 100.12 points, or 0.4 percent, to 23,358.24. …

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Williams-Sonoma and Caesars dip while Ross and Fox jump

Stocks that moved substantially or traded heavily Friday: Ross Stores Inc., up $6.56 to $72.25 The discount retailer raised its forecast for the rest of the year. Foot Locker Inc., up $8.97 to $40.82 The sporting goods retailer said it might surpass its annual profit and sales forecasts. Twenty-First Century Fox Inc., up $1.83 to $31.15 Cable provider Comcast is …

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Markets Right Now: S&P 500 has second straight weekly loss

The latest on developments in financial markets (All times local): 4 p.m. Stocks are closing lower on Wall Street, led by drops in technology companies, as the market gives back some of its big gain from a day earlier. Intel lost 2.2 percent Friday and Google’s parent company Alphabet fell 1.2 percent. Health care and industrial stocks also fell. The …

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