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  • Bahrain radar shows Qatar jets near UAE planes; Doha denies

    DUBAI, United Arab Emirates (AP) — Bahrain released radar tracks on Tuesday it said showed Qatari fighter jets passing by Emirati commercial airliners bound for the island nation, encounters which set off a new dispute pitting Qatar against the Gulf nations that have been boycotting it since last summer. The two alleged fly-bys on Monday […]
  • General Motors sees sustained profits through 2018

    NEW YORK (AP) — General Motors will take a $7 billion write-down in 2017 tied to the U.S. tax overhaul, but expects strong sales in North America and China to sustain its profit through 2018. The Detroit automaker on Tuesday reaffirmed its 2017 expectations for adjusted profit between $6 and $6.50 per share and said […]
  • ‘Superfast’ internet cable to cross Mediterranean sea

    NICOSIA, Cyprus (AP) — A Cypriot company says its new sub-sea internet cable that will connect Israel with Spain will be powerful enough to handle up to 60 percent of the world’s internet traffic at peak time. Quantum Cable Chairman Nasos Ktorides said after signing on Tuesday an agreement to lay the cable that the […]
  • 10 Things to Know for Today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. WHAT TRUMP SAID ABOUT DEMOCRATIC SENATOR The president tweeted that Dick Durbin misrepresented what he had said about African nations and Haiti and, in the process, undermined the trust needed to make a deal on immigration. 2. […]
  • Davos organizers: Trump to make last-day address at forum

    GENEVA (AP) — U.S. President Donald Trump will deliver the closing address at the elite World Economic Forum conference in Davos next week, which focuses on “finding ways to reaffirm international cooperation on crucial shared interests,” forum organizers announced Tuesday. The WEF says international security, the environment and the global economy will be the key […]
  • Citigroup reports $18.3 billion loss, caused by new tax law

    NEW YORK (AP) — Citigroup reported an $18.3 billion loss in the fourth quarter on Tuesday — effectively wiping out the company’s full-year 2017 profit — as the financial conglomerate had to take more than $20 billion in accounting write-downs related to the new tax law. The New York-based bank said it had a loss […]
  • Race is on for succession to Europe’s top economic posts

    FRANKFURT, Germany (AP) — Europe is preparing to find successors for many of its most powerful economic officials, including the influential head of the European Central Bank. Those chosen will make decisions affecting the jobs, savings and pay of 340 million people living in the 19 countries that share the euro. The starting gun in […]
  • Federal authorities probing Ohio helicopter crash, 2 killed

    STONY RIDGE, Ohio (AP) — Federal investigators will try to determine what caused the fatal crash of a helicopter used for inspecting power lines. Both men aboard died Monday. FirstEnergy said they were contractors doing transmission line inspection work in northwest Ohio. The Wood County sheriff’s office has identified the pilot as 32-year-old Tyson Snyder […]
  • Energizer spends $2 billion to add Rayovac brand

    NEW YORK (AP) — Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division. Spectrum Brands said earlier this month that it would seek a buyer for the assets so that it could better focus on other businesses including […]
  • Lebanon bans ‘The Post’ over Spielberg’s support for Israel

    BEIRUT (AP) — Lebanon’s censorship authorities have effectively banned Steven Spielberg’s newspaper drama, “The Post,” because the American director is on a regional blacklist for supporting Israel. The directive by the country’s General Security agency still needs to be signed by Interior Minister Nouhad Machnouk to enter into effect, but that is considered a formality […]
  • GE to pay $15B for past mistakes amid breakup speculation

    SAN FRANCISCO (AP) — General Electric Co. will pay $15 billion to make up for the miscalculations of an insurance subsidiary as a new regime weighs future changes that could culminate in a breakup of a company conceived in the industrial age. The setback announced Tuesday is rooted in North American Life & Health, a […]
  • Tax break helps UnitedHealth 4Q earnings, 2018 guidance soar

    UnitedHealth Group’s earnings more than doubled in the final quarter of 2017, and the nation’s largest insurer hiked its forecast well beyond expectations largely due to help from the federal tax overhaul. UnitedHealth said Tuesday that it added $1.2 billion in 2017 non-cash earnings, as its fourth-quarter and full-year corporate tax rates were cut. The […]
  • Frozen cheesesteak meat brand reaches goal: Twitter approval

    READING, Pa. (AP) — A Pennsylvania-based frozen sliced cheesesteak meat brand has achieved success in its months-long campaign to become verified on Twitter . Steak-umm, owned by Reading’s Quaker Maid Meats, launched a campaign nearly four months ago to become verified on the social media platform, employing bizarre absurdist jokes alongside doctored images and videos. […]
  • NYC sets affordable homes record: 24,500 financed in 2017

    NEW YORK (AP) — New York City preserved or created more than 24,500 affordable homes last year, breaking a record for the nation’s biggest city, Mayor Bill de Blasio announced Tuesday. The previous record was just over 23,100, set in 1989. The more than $1 billion effort last year mostly preserved affordable homes — over […]
  • UK business secretary calls for fast-tracked Carillion probe

    LONDON (AP) — Britain’s business secretary has called for a fast-tracked investigation into the collapse of construction giant and state contractor Carillion. Greg Clark says in a statement Tuesday he asked the insolvency service and the official receiver to expedite their inquiry. Clark says that in particular, he asked that the investigation look not only […]