Financial News

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July 12, 2018
AP-NC Newswatch
July 13, 2018
Financial News




Global shares mostly higher … British pound drops during Trump visit … Detaining immigrant children a $1 billion business


SEOUL, South Korea (AP) – Global shares are mostly higher, rebounding from jitters over the U.S.-China trade disputes for a second straight day. In early trading Britain’s FTSE 100 advanced 0.6 percent and France’s CAC 40 rose 0.4 percent. Germany’s DAX gained 0.4 percent. Asian markets finished mostly higher. Futures are signaling a lukewarm start on Wall Street with S&P futures down 0.1 percent and Dow futures almost unchanged.


LONDON (AP) – The British pound is down 0.6 percent following President Donald Trump’s interview with The Sun newspaper in which he slams Prime Minister Theresa May’s plans for Brexit. In the interview, Trump praises May’s political rival Boris Johnson. And he also criticized immigration and said London Mayor Sadiq Khan had failed to stop terrorism. The pound has dropped 0.6 percent, and May’s government is struggling to put a brave face on a presidential visit that has veered wildly off course.


SAN ANTONIO (AP) – Detaining immigrant children in the U.S. has become a $1 billion business. An Associated Press analysis has found that Health and Human Services grants for shelters, foster care and other child welfare services for detained unaccompanied and separated children soared from $74.5 million in 2007 to $958 million in 2017. Currently, more than 11,800 children, from a few months old to 17, are housed in nearly 90 facilities in 15 states.


ST. LOUIS (AP) – Johnson & Johnson says it will appeal a jury verdict awarding nearly $4.7 billion in total damages to 22 women and their families after they claimed asbestos in Johnson & Johnson talcum powder contributed to their ovarian cancer. Counsel for the plaintiffs says Johnson & Johnson had covered up evidence of asbestos in their products for more than 40 years. The company says it “remains confident that its products do not contain asbestos and do not cause ovarian cancer.”


ATLANTA (AP) – The Centers for Disease Control and Prevention is telling consumers not to eat the Kellogg cereal Honey Smacks. The CDC says Honey Smacks has been linked to a salmonella outbreak that has infected 100 people in 33 states. Honey Smacks has been subject to a voluntary recall by Kellogg since mid-June. The CDC says at least 30 of the people infected have been hospitalized.



AP-WF-07-13-18 1036GMT