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  • WASHINGTON, April 20- The European Union needs to be exempted from steel and aluminum tariffs announced by the United States in order to work with Washington on trade with China, France's Finance Minister Bruno Le Maire said on Friday. We cannot live with a kind of sword of Damocles hanging over our heads, " Le Maire told a press conference during the International...

  • WASHINGTON— The fossil-fuels lobbyist tied to the bargain-priced Capitol Hill condo leased by Environmental Protection Agency chief Scott Pruitt is taking early retirement as a result of the scandal. Steven Hart sent an email to friends and colleagues on Friday announcing he's leaving Williams& Jensen, the powerhouse Washington lobbying firm where he...

  • President Donald Trump on Friday welcomed a statement by North Korean leader Kim Jong Un that he will suspend nuclear and missile tests immediately and abolish a nuclear test site, and Trump said he looked forward to a summit with Kim. "North Korea has agreed to suspend all Nuclear Tests and close up a major test site. This is very good news for North Korea and the...

  • MEXICO CITY, April 20- Mexican low-cost airline Volaris reported first-quarter results far below market expectations on Friday, sending its shares down by almost a fifth, and analysts said the company faces intense price competition and higher fuel costs. The stiff competition is in part a result of a 2017 open skies agreement between Mexico and the United...

  • Verizon called it "much ado about nothing," adding that it has been working with the Justice Department for several months "regarding the inquiry," according to spokesman Rich Young. The New York Times reported on Friday that the Justice Department had opened an investigation about five months ago after at least one device maker and one wireless carrier filed...

  • Verizon confirmed the Justice Department action, calling it "much ado about nothing," adding that it has been working with the Justice Department for several months "regarding the inquiry," according to spokesman Rich Young. The New York Times reported on Friday that the Justice Department had opened an investigation about five months ago after at least one...

  • NEW YORK— The Justice Department has opened an antitrust investigation into whether AT&T, Verizon and a standards-setting group worked together to stop consumers from easily switching wireless carriers. The report comes as the Justice Department is suing AT&T to block its proposed $85 billion merger with Time Warner over antitrust concerns.

  • CHICAGO/ SAN FRANCISCO, April 20- As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner. The calming comments, from the New York Fed's incoming chief John Williams and from Chicago Fed President...

  • WASHINGTON/ PARIS, April 20- European and U.S. airline regulators on Friday ordered mandatory inspections within 20 days of aircraft engines similar to one involved in a fatal Southwest Airlines accident earlier this week. Engine maker CFM International on Friday recommended the ultrasonic inspections on fan blades that have been used in more than 30,000...

  • NEW YORK, April 20- A U.S. bond sell-off continued for a second day on Friday, pushing the 10- year Treasury yield to its highest level in more than four years and steepening the yield curve after two weeks of flattening. President Donald Trump sent a tweet criticizing OPEC and then mostly recovered. "If you look at the chart, you have to squint to see it," Gene Tannuzzo,...

  • Verizon confirmed the government inquiry, calling it "much ado about nothing," adding that it has been working with the Justice Department for several months "regarding the inquiry," according to spokesman Rich Young. The New York Times reported on Friday that the Justice Department had opened an investigation about five months ago after at least one device...

  • Among major oil- and gas-producing states, Texas added eight rigs while Louisiana and New Mexico each added one. Colorado and North Dakota each declined by two rigs while Ohio, Oklahoma and Pennsylvania dropped one apiece. Alaska, Arkansas, California, Kansas, Utah, West Virginia and Wyoming were unchanged.

  • The Federal Aviation Administration has ordered inspections of more jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane. The National Transportation Safety Board believes one of the blades snapped on the Southwest flight Tuesday, hurling debris that broke a window and led to the death of a passenger...

  • WASHINGTON, April 20- Canada and Mexico on Friday said good progress had been made in talks with the United States to modernize the North American Free Trade Agreement and that ministers would meet again on Tuesday as they push to wrap up a deal. The three ministers are pressing for a quick deal to avoid clashing with a July 1 presidential election in Mexico, which...

  • PARIS/ WASHINGTON, April 20- Aircraft engine maker CFM International said on Friday it was recommending expanded inspections within 20 days of engines similar to one involved in a fatal Southwest Airlines accident earlier this week. CFM is jointly owned by General Electric and France's Safran. European and U.S. regulators were expected on Friday to make the...

  • MUSCATINE, Iowa _ HNI Corp. on Friday reported first-quarter net income of $2.5 million. On a per-share basis, the Muscatine, Iowa-based company said it had net income of 6 cents. For the current quarter ending in July, HNI expects its per-share earnings to range from 28 cents to 38 cents.

  • The Federal Aviation Administration on Friday ordered ultrasound inspections of hundreds of jet engines like the one that blew apart at 32,000 feet in a deadly accident aboard a Southwest Airlines plane. Under the FAA order, all CFM 56-7 B engines that have gone through at least 30,000 takeoffs or landings must be inspected within 20 days.

  • *Loonie touches its weakest since April 9 at C $1.2756. TORONTO, April 20- The Canadian dollar weakened to an 11- day low against its U.S. counterpart on Friday after data showing domestic inflation rose at a slower-than-forecast pace further reduced expectations for an interest rate hike next month from the Bank of Canada. Canada's annual inflation rate in...

  • General Electric Co., up 55 cents to $14.54. Mattel Inc., down 49 cents to $12.96. LM Ericsson Telefon AB, up $1.14 to $7.78.

  • Stocks closed broadly lower Friday, extending the market's modest losses from a day earlier. A slump in big technology stocks, consumer goods and health care companies weighed on the market. The Russell 2000 index of smaller-company stocks gave up 9.69 points, or 0.6 percent, to 1,564.12.