Business

FILE - In this Dec. 9, 2019, file photo Melissa Rogan, left, and her daughter Renee, 9-months-old, browse the new Toys R Us store at a mall in Paramus, N.J. On Tuesday, Feb. 25, 2020, the Conference Board reports on U.S. consumer confidence for February. (AP Photo/Seth Wenig, File)
February 25, 2020 - 9:32 am
WASHINGTON (AP) — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August. The Conference Board said Tuesday that its measure of consumer sentiment is up from a revised reading of 130.4 in January. The January reading was revised down...
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FILE - In this Nov. 29, 2019, file photo a shopper leaves Macy's department store with bags in both hands during Black Friday shopping in New York. Macy's reports financial results on Tuesday, Feb. 25, 2020. (AP Photo/Bebeto Matthews)
February 25, 2020 - 9:29 am
NEW YORK (AP) — Macy's reported stronger-than-expected sales and profits for the fourth quarter less than a month after it announced a major restructuring. Shares rose 3% before the opening bell Tuesday but gave up those gains in morning trading along with the broader markets. The quarterly report...
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FILE - In this Feb. 24, 2020, file photo specialist Erica Fredrickson works with a colleague on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Feb. 25. (AP Photo/Richard Drew, File)
February 25, 2020 - 9:29 am
NEW YORK (AP) — U.S. stocks are slipping in early trading Tuesday, a day after the market's biggest drop in two years. The steep sell-off on Monday erased all of the Dow Jones Industrial Average’s gains for the year. Energy companies fell as crude oil prices edged lower. Technology companies rose,...
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February 25, 2020 - 8:52 am
The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday. The company said that it had an agreement with a key committee of lawyers representing thousands of local governments suing various drug industry...
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South Koreans tourists gather after returning from Israel at Incheon International Airport in Incheon, South Korea, Tuesday, Feb. 25, 2020. South Korean tourists returned home from Israel on Tuesday after the Israeli government imposed entry ban on South Koreans over concerns about new coronavirus. (AP Photo/Ahn Young-joon)
February 25, 2020 - 8:33 am
NEW DELHI (AP) — President Donald Trump sought Tuesday to minimize fears about coronavirus spreading rampantly throughout the U.S., saying the situation is "very well under control in our country.” At the same time, the Trump administration on Monday asked Congress for an additional $2.5 billion to...
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In this Monday, Jan. 27, 2020 photo a passer-by, below left, walks toward an entrance to a Home Depot store location, in Boston. Home Depot Inc. reports financial results on Tuesday, Feb. 25. (AP Photo/Steven Senne)
February 25, 2020 - 8:20 am
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%. Shares rose 3% in premarket trading Tuesday. “Home Depot’s numbers are important as they, perhaps more than those of other...
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This Feb. 18, 2020, photo shows a real estate sign is shown in front of a home for sale in San Francisco. On Tuesday, Feb. 25, the Standard & Poor's/Case-Shiller 20-city home price index for December is released. (AP Photo/Jeff Chiu)
February 25, 2020 - 8:07 am
WASHINGTON (AP) — U.S. home prices rose at a faster pace in December as mortgage rates remained low and a falling supply of available properties set off bidding wars between buyers. The S&P CoreLogic Case-Shiller 20-city home price index climbed 2.9% in December from a year earlier after...
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February 25, 2020 - 7:02 am
Mastercard is naming an insider as its new CEO. Michael Miebach, who is currently the company's chief product officer, will takeover for CEO Ajay Banga to start 2021. Banja will become the company's executive chairman, replacing the retiring Richard Haythornthwaite. Miebach will also get a seat on...
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A worker disinfects a public bus against coronavirus in the city of Ahvaz in southwestern, Iran, in early morning of Tuesday, Feb. 25, 2020. Iran's government said Tuesday that more than a dozen people had died nationwide from the new coronavirus, rejecting claims of a much higher death toll of 50 by a lawmaker from the city of Qom that has been at the epicenter of the virus in the country. (Alireza Mohammadi/ISNA via AP)
February 25, 2020 - 6:11 am
DUBAI, United Arab Emirates (AP) — A spokesman for Iran’s Health Ministry says the head of the country’s counter-coronavirus taskforce has tested positive for the virus. The announcement on Tuesday comes a day after Iraj Harirchi gave a news conference with journalists in Tehran about the virus. On...
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French Junior Minister for European Affairs Amelie de Montchalin, right, speaks with Dutch Foreign Minister Stef Blok during a meeting of EU General Affairs ministers at the European Council building in Brussels, Tuesday, Feb. 25, 2020. European Union ministers are putting the final touches on the mandate that will be the guide for EU negotiator Michel Barnier as he sits own with UK officials to thrash out a free trade deal over the next ten months. (AP Photo/Virginia Mayo)
February 25, 2020 - 6:07 am
BRUSSELS (AP) — The European Union on Tuesday gave its chief negotiator Michel Barnier a robust negotiating mandate to get a free trade deal with Britain, which counters several of the red lines that London has set. The 27 EU nations are insisting that if Britain wants the best possible deal in the...
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