Business News

'Wonder Woman,' 'Aquaman' and 'Shazam!" thrill Comic-Con

SAN DIEGO (AP) — Warner Bros. brought out all the stops Saturday at Comic-Con with an army of stars, surprises and new footage from films like "Aquaman ," ''Shazam! " and even "Wonder Woman 1984," which is only three and a half weeks into production. Jason Momoa, Gal Gadot, Chris Pratt, Johnny Depp and Nicole…

Manley role at Fiat Chrysler a turning point for carmaker

The nomination of Mike Manley as CEO of Fiat Chrysler marks a turning point for the carmaker, putting a brand with historic Italian roots in the hands of someone with no ties to Italy — a Brit who showed his mettle by growing the quintessentially American Jeep into a global brand. Manley has been one…

Treasury Secretary: Trump not threatening Fed's independence

BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. Speaking to reporters on the sidelines of a Group of 20 meeting in Buenos Aires, Argentina, Mnuchin said he can't comment…

Fiat Chrysler chooses Jeep exec Manley to replace ailing CEO

ROME (AP) — Jeep executive Mike Manley will be the new CEO of Fiat Chrysler Automobile after longtime leader Sergio Marchionne's health suddenly deteriorated following surgery, the company announced Saturday. Marchionne, a 66-year-old Italian-Canadian, joined Fiat in 2004 and led the Turin-based company's merger with bankrupt U.S. carmaker Chrysler. Manley, 54, had been heading the…

The Latest: New FCA chief Manley had been seen as a star

ROME (AP) — The Latest on Fiat Chrysler Automobiles CEO (all times local): 9:45 p.m. Jeep executive Mike Manley, who replaces the ailing Sergio Marchionne as the head of Fiat Chrysler Automobile, had been one of Marchionne's closest collaborators at the group. Manley in a previous role had been responsible for product planning and all…

Chinese leader arrives for Africa visit as US interest wanes

DAKAR, Senegal (AP) — Chinese President Xi Jinping arrived in Africa on Saturday on a four-nation visit seeking deeper military and economic ties while his rival in a bitter trade war, the Trump administration, shows little interest in the world's second most populous continent. This is Xi's first trip abroad since he was appointed to…

Mnuchin: Overall US economy not harmed by trade battles

BUENOS AIRES, Argentina (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although some individual sectors have been hurt. He said the administration was exploring ways to help farmers and other specific industries that…

Egypt hikes natural gas prices by up to 75 percent

CAIRO (AP) — Egypt raised natural gas prices for households and businesses on Saturday by between 33.3 and 75 percent, the latest among tough austerity measures aimed at rebuilding the country's economy battered by years of unrest since a 2011 uprising. The government's decision, published in the official gazette on Saturday, should come into effect…

Analysts: Trump tariff threats unlikely to yield trade deals

WASHINGTON (AP) — With President Donald Trump intensifying his rift with U.S. trading partners, economists are growing more doubtful that any deal that might benefit American workers and companies is in sight. Instead, many analysts say they expect the Trump administration to impose more tariffs on China and potentially other key U.S. trading partners. With…