Business

FILE- In this April 18, 2017, file photo, Marvin Ellison, CEO of J.C. Penney Co., visits the boyhood home of the company's founder James Cash Penney in Hamilton, Mo. J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Ellison on Tuesday, May 22, 2018, sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. (Jessica A. Stewart/The St. Joseph News-Press via AP, File)
May 22, 2018 - 10:17 am
NEW YORK (AP) — J.C. Penney's CEO Marvin Ellison, one of only a handful of African American CEOs to lead a Fortune 500 company, is leaving to become the top executive at Lowe's. The announced departure of Ellison on Tuesday sent shares of the besieged department store down more than 4 percent in...
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European Commissioner for Trade Cecilia Malmstrom, left, talks with Hungary's Foreign Minister Peter Szijjarto during an EU foreign affairs council on trade at the Europa building in Brussels on Tuesday, May 22, 2018. (AP Photo/Geert Vanden Wijngaert)
May 22, 2018 - 10:09 am
BRUSSELS (AP) — The European Union has given the green light to trade talks with Australia and New Zealand and sees the move as a boost for global trade in the face of increasing U.S. isolationism. Talks on free trade agreements will begin in coming months looking to reduce barriers to trade, such...
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In this May 16, 2018 photo, Environmental Protection Agency Administrator Scott Pruitt appears before a Senate Appropriations subcommittee on the Interior, Environment, and Related Agencies on budget on Capitol Hill in Washington. Four Democratic senators are asking Pruitt for details about his new legal defense fund. (AP Photo/Andrew Harnik)
May 22, 2018 - 10:00 am
WASHINGTON (AP) — The Latest on a hearing with EPA chief Scott Pruitt on a widespread contaminant in drinking water (all times local): 9:55 a.m. The Environmental Protection Agency is barring The Associated Press, CNN and the environmental-focused news organization E&E from a national summit on...
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European Commissioner for Trade Cecilia Malmstrom, left, talks with Hungary's Foreign Minister Peter Szijjarto during an EU foreign affairs council on trade at the Europa building in Brussels on Tuesday, May 22, 2018. (AP Photo/Geert Vanden Wijngaert)
May 22, 2018 - 9:49 am
BRUSSELS (AP) — The European Union expressed doubt Tuesday that U.S. President Donald Trump will accept an offer of trade talks and other incentives to permanently exempt the bloc from punishing tariffs on steel and aluminum exports next week. In March, Trump imposed tariffs of 25 percent on steel...
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Russian lawmakers work during a session of the State Duma, Russian parliament's lower house in Moscow, Russia, Tuesday, May 22, 2018. Russia's parliament on Tuesday adopted a wide-ranging bill that could freeze crucial exports to the United States and imports to Russia from the U.S. and other countries. (AP Photo/Pavel Golovkin)
May 22, 2018 - 9:44 am
MOSCOW (AP) — Russia's parliament on Tuesday adopted a wide-ranging bill that could freeze crucial exports to the United States and imports to Russia from the U.S. and other countries. The bill, drafted by leading lawmakers at the State Duma in response to the latest round of U.S. sanctions, lays...
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May 22, 2018 - 9:33 am
BUCHAREST, Romania (AP) — Ford says it plans to invest some 200 million euros ($236 million) and create 1,500 new jobs to build a second vehicle at its plant in Romania. The automaker did not unveil the model when it made the announcement Tuesday about the new model, which will be manufactured at...
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Mark Carney, Governor of the Bank of England, addresses the media during the quarterly Inflation Report press conference in London, Thursday, May 10, 2018. Carney said the Bank of England has pulled back from a predicted rate hike, blaming some weaker than expected growth and inflation data. (AP Photo/Frank Augstein, pool)
May 22, 2018 - 9:28 am
LONDON (AP) — Britain's top central banker says the country's vote nearly two years ago to leave the European Union has cost the average household in the country 900 pounds. In testimony to lawmakers Tuesday, Bank of England Governor Mark Carney said the British economy is around 1.5 percent...
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FILE- In this April 18, 2017, file photo, Marvin Ellison, CEO of J.C. Penney Co., visits the boyhood home of the company's founder James Cash Penney in Hamilton, Mo. J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Ellison on Tuesday, May 22, 2018, sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. (Jessica A. Stewart/The St. Joseph News-Press via AP, File)
May 22, 2018 - 9:23 am
MOORESVILLE, N.C. (AP) — J.C. Penney's CEO is leaving the company to become the top executive at Lowe's. The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent to what may become an all-time low. Shares of Lowe's Cos., which...
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FILE- In this April 11, 2018 file photo, Facebook CEO Mark Zuckerberg pauses while testifying on Capitol Hill in Washington. Tech moguls Bill Gates and Zuckerberg are teaming up to help develop new technologies for kids with trouble learning, which will include dabbling into child brain science. The Bill and Melinda Gates Foundation and the Chan Zuckerberg Initiative said Tuesday, May 8, 2018, they will begin exploring a number of education research and potential pilot projects together. (AP Photo/Andrew Harnik, File)
May 22, 2018 - 8:04 am
BRUSSELS (AP) — European Union lawmakers plan to press Facebook CEO Mark Zuckerberg on Tuesday about data protection standards at the internet giant at a hearing focused on a scandal over the alleged misuse of the personal information of millions of people. Zuckerberg's testimony to key officials...
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An investor monitors stock prices at a brokerage in Beijing, China, Tuesday, May 22, 2018. Asian markets were mostly lower Tuesday after Wall Street gained as Italy moved toward forming a euroskeptic-led government. (AP Photo/Ng Han Guan)
May 22, 2018 - 7:13 am
BEIJING (AP) — Global stock markets were mixed Tuesday as investors watched developments in the U.S.-China trade relations and Italy's move toward forming a euroskeptic government. KEEPING SCORE: London's FTSE 100 was up 0.2 percent to 7,870 and Germany's DAX added 0.1 percent to 13,092. France's...
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