Financial News

App State Director of Athletics Doug Gillin Signs Contract Extension
March 28, 2018
AP Newswatch
March 29, 2018
Financial News

World stock markets up today … India sends notice to Facebook over alleged data breach … Family Dollar settles gender bias lawsuit
HONG KONG (AP) – World stock markets rose today as geopolitical fears in Asia eased, helping investors get over a sell-off earlier in the week in U.S. tech shares. Trading in some markets was muted ahead of the Easter long weekend. In early trading, stocks gained in Germany, Britain and France. Most Asian markets gained today, shares fell in Taiwan, Thailand and Australia. Wall Street is poised to open higher, with Dow and S&P futures up 0.1 percent.

 

WASHINGTON (AP) – President Donald Trump is visiting Richfield, Ohio, today to sell Americans on his plan to use $200 billion in federal money to spur at least $1.5 trillion in spending on infrastructure. Trump unveiled the sweeping infrastructure proposal in February and cast it as one that could garner bipartisan support. But the plan relies heavily on state and local governments for the bulk of the spending, raising concerns among members of Congress about the possibility of higher commuter tolls and the sale of assets to raise the money.

 

BEIJING (AP) – China’s Commerce Ministry is urging Washington to discard a tariff plan it warns might set off a chain reaction that could disrupt global trade. A ministry spokesman has given no new details of how Beijing might respond to President Donald Trump’s tariff hikes but says China will ‘fight to the end.’

 

NEW DELHI (AP) – India’s government has sent a notice to Facebook asking whether the personal data of Indian voters and users has been compromised by U.K.-based Cambridge Analytica or any other downstream entity. A similar notice was sent to Cambridge Analytica last week following media reports that it had misused data to profile Indians and influence their elections. The government set a Saturday deadline for Cambridge Analytica and April 7 for Facebook to respond to its notice.

 

ASHEVILLE, N.C. (AP) – Family Dollar has agreed to pay $45 million to settle a gender bias lawsuit that dates 16 years ago. The Charlotte Observer cites the settlement in a Wednesday report as saying 37,000 female managers of Family Dollar stores allege they were paid less than their male counterparts for doing the same job, a violation of federal laws. Family Dollar denied any wrongdoing, saying that it “has treated all employees fairly with regard to salaries.”

AP-WF-03-29-18 1033GMT