Business News

Asian stocks gain after Chinese assurances over slowdown

SINGAPORE (AP) — Asian markets advanced Monday, lifted by Chinese benchmarks after officials put a positive spin on the country's slowing economy. KEEPING SCORE: The Shanghai Composite index jumped 4.2 percent to 2,656.65 and the Hang Seng in Hong Kong surged 2.2 percent to 26,123.24. Japan's Nikkei 225 index reversed early losses, gaining 0.4 percent…

FCA sells auto parts unit to Japanese firm; $7 billion deal

MILAN (AP) — Fiat Chrysler Automobiles has announced the sale of its auto components division to Japanese automotive component supplier Calsoni Kansei Corporation in a deal valued at 6.2 billion euros ($7 billion). FCA said Monday that the Magneti Marelli sale would create the world's seventh-largest components maker with greater geographical reach, scale and financial…

AP Exclusive: Stephen Hawking's wheelchair, thesis for sale

LONDON (AP) — Stephen Hawking was a cosmic visionary, a figure of inspiration and a global celebrity. His unique status is reflected in an upcoming auction of some of the late physicist's possessions: It includes complex scientific papers, one of the world's most iconic wheelchairs and a script from "The Simpsons." The online sale announced…

UK's May pleads for support, says Brexit deal almost done

LONDON (AP) — British Prime Minister Theresa May is urging Parliament to support her as Brexit looms, saying Britain's divorce deal with the European Union is 95 percent complete. May's office says she plans to tell lawmakers on Monday that "the vast majority" of issues are settled, including the status of Gibraltar. May faces dissent…

Abe to bring business leaders to Beijing amid US trade spat

BEIJING (AP) — Around 500 Japanese business leaders will accompany Prime Minister Shinzo Abe when he visits Beijing this week, amid an ongoing China-U.S. trade feud that is hurting industries on both sides. A Japanese government official speaking Monday on routine condition of anonymity said Abe's three-day visit starting Thursday will mark a further step…

Trump space force - a real need but hazy planning

WASHINGTON (AP) — President Donald Trump has demanded that Pentagon create a new military service, a Space Force to assure "American dominance in space." And with that demand, Trump has injected urgency into the debate over the best way to protect U.S. interests in space, both military and commercial. But his approach has left many…

Asian stocks gain after Chinese assurances over slowdown

SINGAPORE (AP) — Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country's slowing economy. KEEPING SCORE: The Shanghai Composite index jumped 4.2 percent to 2,656.87 and the Hang Seng in Hong Kong surged 2.4 percent to 267,178.16. Japan's Nikkei 225 index reversed early losses, gaining…

'Halloween' scares up $77.5 million in ticket sales

LOS ANGELES (AP) — Forty years after he first appeared in theaters, Michael Myers is still drawing huge audiences for a good scare. Universal Pictures said Sunday that "Halloween" took in an estimated $77.5 million in ticket sales from North American theaters. It captured first place at the box office with the second-highest horror opening…

Climate fund approves $1B for projects in poor countries

BERLIN (AP) — A U.N.-backed fund has approved more than $1 billion for 19 new projects to help developing countries tackle climate change, officials said Sunday. During a four-day meeting in Bahrain that ended late Saturday, officials overseeing the Green Climate Fund also agreed to start seeking fresh money next year as its initial capital…

Houston company recalls salad with chicken products

HOUSTON (AP) — A Houston company has recalled nearly 1,800 pounds (817 kilograms) of ready-to-eat salad with chicken products because a corn ingredient may be contaminated with salmonella and listeria. The U.S. Department of Agriculture says GHSW recalled salads produced Oct. 1 through last Thursday, with "best by" or "best if sold" dates of Sunday…