Business Stories from February 7, 2017 (Change date)
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If Obamacare Is Being Repealed, Do The Uninsured Still Face Penalties?Feb 07, 2017 10:00 am - In some recent emails, readers asked about what to expect as Republicans move to overhaul the health law. Should people bother paying the penalty for not having health i...
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Luxury sector pain spreads, Michael Kors sees weakness aheadFeb 07, 2017 7:00 am - LONDON (AP) - Michael Kors took a revenue hit in the third quarter with business in Europe and the Americans weakening. Comparable store sales fell and the luxury retail...
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Seattle to cut ties with Wells Fargo over oil pipelineFeb 07, 2017 6:00 pm - SEATTLE (AP) - The Seattle City Council on Tuesday voted to cut ties with banking giant Wells Fargo over its role as a lender to the Dakota Access pipeline project as we...
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ADM 4Q profit tumbles, falls short of forecastsFeb 08, 2017 7:28 am - NEW YORK (AP) - Archer Daniels Midland Co. reported a steep drop in fourth-quarter profit as it continues to face a tough market for agricultural products The Chicago co...
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Longtime Autodesk CEO stepping downFeb 07, 2017 8:00 am - NEW YORK (AP) - The longtime CEO of the design software company Autodesk is stepping down after reaching an agreement with activist investors. The company said Tuesday t...
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Grain higher; livestock higherFeb 07, 2017 9:30 am - CHICAGO (AP) - Grain futures were higher Tuesday in early trading on the Chicago Board of Trade. Wheat for March delivery was 2.60 cents higher at $4.2520 a bushel; Marc...
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German industrial production down sharply in DecemberFeb 07, 2017 1:00 am - BERLIN (AP) - German industrial production unexpectedly dropped 3 percent in December compared with the previous month, apparently pushed lower by seasonal factors. The ...
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GM posted $9.4B net profit in 2016, but encore may be toughFeb 07, 2017 11:30 am - DETROIT (AP) - At an investors' conference during Detroit's auto show in January, confident General Motors executives told investors to expect improved pretax profits fo...
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At $250M, Los Angeles home most expensive listed in USFeb 09, 2017 5:20 am - LOS ANGELES (AP) - At $250 million, a new mega mansion in the exclusive Bel Air neighborhood of Los Angeles is the most expensive home listed in the United States. The p...
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Army to allow completion of Dakota Access oil pipelineFeb 07, 2017 5:00 pm - BISMARCK, N.D. (AP) - The Army said Tuesday that it will allow the $3.8 billion Dakota Access oil pipeline to cross under a Missouri River reservoir in North Dakota, cle...
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