Financial News

AP Entertainment
October 15, 2019
AP-NC Newswatch
October 15, 2019
Financial News

 

 

 

 Tech and health stocks lead gains…Brexit stumbling block could be removed…Google’s new phone

NEW YORK (AP) – Technology and health care companies are powering U.S. stocks solidly higher as investors welcome surprisingly good quarterly results from some of the nation’s biggest companies. Solid earnings from UnitedHealth Group, JPMorgan Chase and other companies helped lift the market, erasing modest losses from a day earlier.

 

BRUSSELS (AP) – An EU official who has access to information about the Brexit talks says the major issue blocking a deal – how to handle the Irish border – “is close to being resolved.” Negotiators from the European Union and Britain were scrambling today at talks in Brussels to craft a deal so the U.K. can leave the bloc as scheduled on Oct. 31 with a Brexit deal in place. The EU official said the EU’s chief Brexit negotiator told a teleconference of lawmakers that the Irish Sea would largely become the customs border between the EU and the UK.

 

NEW YORK (AP) – Google is unveiling a new Pixel phone with an updated camera and an emphasis on artificial intelligence features. The company also announced new wireless headphones and a new laptop at an event in New York. Google’s Pixel phones and other hardware products haven’t been big moneymakers. But they offer ways for Google to promote its services and drive advertising revenue.

 

LONDON (AP) – Germany has released draft security guidelines for next generation wireless networks that stop short of banning Huawei, as the U.S. warned again it would reconsider intelligence sharing with allies that use the Chinese company’s equipment. The Federal Network Agency issued rules today laying out conditions for suppliers for new 5G networks.

 

MIAMI (AP) – A California man has been sentenced by a Florida judge to 25 years in prison for orchestrating a $1.3 billion fraud scheme that stole money from at least 7,000 investors nationwide. Court records show 61-year-old Robert Shapiro was sentenced in Miami federal court after previously pleading guilty to mail and wire fraud and tax evasion.

 

AP-WF-10-15-19 1808GMT