×

Top News & Analysis United States

  • CHICAGO, Nov 20- Millicent Graves will get a raise from Social Security next year, but her household budget will get worse, not better. The 2 percent cost-of-living adjustment announced by Social Security for 2018 last month will boost Graves monthly benefit by $20.70. But for roughly 70 percent of seniors, Social Security benefit amounts will stay flat due to the...

  • Salt Lake City, Utah- based Zions announced plans to simplify its corporate structure by merging the parent company into its banking business. The move, which would eliminate its holding company that is regulated by the Federal Reserve, would also open the door to allow the bank to petition the Financial Stability Oversight Council to remove its "big bank" status...

  • NEW YORK— New York police say the Macy's Thanksgiving Day Parade balloon inflation viewing will end two hours earlier this year and anyone attending must be screened. This year, the public must leave by 8 p.m. instead of 10 p.m. The event also will begin two hours earlier, at 1 p.m. No backpacks will be allowed. Central Park West will be shut down starting at noon.

  • The ad campaigns by major gun makers continue unabated after mass shootings at a Las Vegas country music concert and a Texas church, and the slick messages are big drivers of sales ahead of Black Friday, by far the heaviest shopping day each year for firearms. "Guns are not sold on the basis of being just tools," said gun industry expert Adam Winkler, a professor at the...

  • AUBURN HILLS, Mich.— Indian conglomerate Mahindra Group is opening an automotive manufacturing facility near Detroit. Mumbai- based Mahindra is India's largest SUV maker, but it doesn't yet sell cars or SUVs in the U.S., where it would have to find dealers and meet stricter safety standards. Mahinda opened a technical center in suburban Detroit in 2012.

  • LINCOLN, Nebraska/ CALGARY, Alberta, Nov 20- N ebraska regulators approved a route for TransCanada Corp's Keystone XL pipeline through the state on Monday, lifting the last big regulatory obstacle for the long-delayed project that U.S. The 3-2 vote by the Nebraska Public Service Commission helps clear the way for the pipeline linking Canada's Alberta oil sands...

  • With no major earnings or economic data scheduled this week, trading volumes are expected to thin leading up to the Thanksgiving holiday on Thursday and an early market close on Friday. "Wall Street is looking for the next catalyst to move higher," said Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Co in Milwaukee,...

  • DALLAS— Electricity generator Luminant is cutting about 600 jobs as it closes three coal-fired power plants and a mine in Texas. The Texas Workforce Commission said Monday that Luminant plans to make the layoffs in January. Luminant is part of Irving, Texas- based Vistra Energy Corp., which also owns Texas electric retailer TXU Energy.

  • Nov 20- Tyson Foods Inc said it was putting on hold plans to build a chicken production plant in Kansas following opposition from local residents and the No. 1 U.S. meat processor said it would build a new $300 million facility in Tennessee. The company will continue to consider potential sites in Kansas for additional expansion of its poultry business, spokesman...

  • NEW YORK— Forbes has crowned Beyonce as the highest paid woman in music. Beyonce' s earnings were boosted by her "Formation" world tour last year, which Forbes says grossed $250 million. Taylor Swift, Celine Dion and Jennifer Lopez complete the top five highest female earners in the business.

  • BIRMINGHAM, Ala.— High-end motorcycle maker Confederate Motors Inc. announced Monday it is changing its name and abandoning internal combustion engines. Starting in January, the Birmingham- based company will be known as Curtiss Motorcycle Co., after aviation and motorcycling pioneer Glenn H. Curtiss. Glenn Curtiss, a native of Hammondsport in western New...

  • STOCKHOLM/ SAN FRANCISCO, Nov 20- Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework deal could offer San Francisco- based Uber a way to overcome setbacks at its autonomous driving division in Silicon Valley's race...

  • Santa Claus and Mrs Claus attend the 90th Annual Macy's Thanksgiving Day Parade on November 24, 2016 in New York City.

    At Macy's flagship store on 34th Street in New York, a chance to sit on Saint Nick's lap is by appointment only this year, for the first time ever.

  • Bob Corker says he's "all for" taking out a health care provision from Senate legislation to overhaul the tax code if it stands in the way of passing the bill. President Donald Trump's budget director, Mick Mulvaney, said the White House is open to scrapping the provision, which would repeal a key component of the Affordable Care Act. "Trump praised the House passage...

  • *Oil prices slip before OPEC meeting. NEW YORK, Nov 20- Global equities rose on Monday as confidence over economic growth around the world helped investors brush off concerns about the collapse of government talks in Germany, which sent the euro lower against the U.S. dollar. Investors shrugged off the political impasse in Germany while the U.S. leading economic...

  • LINCOLN, Nebraska/ WASHINGTON, Nov 20- Nebraska regulators voted on Monday to approve a route for TransCanada Corp's Keystone XL pipeline through the state, lifting the last big regulatory obstacle for the long-delayed project that U.S. The 3-2 decision by the Nebraska Public Service Commission helps clear the way for the pipeline linking Canada's Alberta...

  • MEXICO CITY, Nov 20- Canada and Mexico will not make counterproposals to U.S. demands for tougher NAFTA automotive content rules but instead will question and rebut them on Monday, people familiar with the talks said. The move underlines how little progress negotiators have made in the fifth of seven planned rounds of talks to update the 23- year-old North...

  • NEW YORK, Nov 20- Oil prices slipped on Monday, extending recent weakness ahead of an OPEC meeting next week, while a rally in the dollar negatively affected commodities across the board. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year to try to...

  • Amazon also has small shops in several malls, and is selling most of its gadgets in 100 Whole Foods stores and opening pop-up shops in five. But the Seattle- based company's physical stores are a small part of its business, making up just 3 percent of its total revenue between July and September, even though it bought Whole Foods and its 470 stores during that period.

  • Retail spending over the holidays in Ohio is expected to grow by $481 million for an overall total of $24.1 billion this year. Across Ohio, sales outlooks are expected to increase most in the Cleveland, Dayton and Toledo regions. The state's three biggest metro regions— Columbus, Cleveland and Cincinnati— account for more than half of all retail spending in state,...