Financial News

RICHARD DEAN GOSS
April 16, 2018
AP-NC Newswatch
April 16, 2018
Financial News

 

 

 

Stocks gain…Toyota’s vehicle-to-vehicle communication…Keystone XL developer to meet with Nebraska landowners

 

NEW YORK (AP) – Stocks are broadly higher, adding to the market’s gains last week. Technology companies, industrial firms and health care stocks accounted for much of the rally. Investors were weighing the latest company earnings and deal news. Oil prices were pulling back after surging last week ahead of the U.S.-led missile attack on Syria’s chemical weapons program.

 

PHILADELPHIA (AP) – The CEO of Starbucks says he wants to add training for store managers on “unconscious bias.” Kevin Johnson spoke as activists held more protests at a Philadelphia store. Two black men were arrested there Thursday after employees said they were trespassing.

 

DETROIT (AP) – Toyota says it will start equipping models with technology to talk to other vehicles starting in 2021, as it tries to push safety communications forward. The company says most of its U.S. models should have the feature by the mid-2020s. Vehicle-to-vehicle signals can warn others of heavy braking ahead or that another vehicle is headed into their path.

 

WASHINGTON (AP) – The Commerce Department is blocking Chinese telecommunications giant ZTE Corp. from importing American components for seven years. The U.S. government accuses ZTE of misleading U.S. regulators after it settled charges of violating sanctions against North Korea and Iran. ZTE agreed in March 2017 to plead guilty and pay $1.19 billion for illegally shipping telecommunications equipment to North Korea and Iran. ZTE promised to discipline employees involved in the scheme.

 

LINCOLN, Neb. (AP) – The developer of the Keystone XL pipeline plans to meet with landowners along its planned route through Nebraska this week and will start surveying for the project in Nebraska, South Dakota and Montana. TransCanada Inc. spokesman Matt John says the company will visit all landowners along the proposed route with financial offers. Company officials are forging ahead despite a pending lawsuit that could overturn a Nebraska commission’s decision to green-light the project.

 

 

AP-WF-04-16-18 1810GMT