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Wednesday, April 18, 2018
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Market Update  

- By Michael Brush, MarketWatch Learning about both finance and psychology can help you get better returns To beat the stock market, you must know your way around financials. But that's onl...
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Business News  

DOJ looks into how AT&T, Verizon handle defecting customers
(AP Photo - Alan Diaz)
From Associated Press
April 21, 2018 1:03 AM EST

NEW YORK (AP) — 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.

WASHINGTON (AP) — 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.

WASHINGTON (AP) — The United States is resisting pressure to back off President Donald Trump's tough America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war.

PHOENIX (AP) — U.S. health officials on Friday told consumers to throw away any store-bought romaine lettuce they have in their kitchens and warned restaurants not to serve it amid an E.

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.

WASHINGTON (AP) — Cities and nations are looking at banning plastic straws and stirrers in hopes of addressing the world's plastic pollution problem.

WASHINGTON (AP) — The top Senate Democrat is using marijuana's informal holiday to announce a change of heart about the drug, another sign of the growing political acceptance of pot.

A steep slide in technology companies weighed on U.S. stocks Friday, pulling the market lower for the second day in a row. Losses among retailers, packaged food and beverage makers and other consumer goods companies also helped weigh down the market.

WASHINGTON (AP) — The Trump administration pushed back Friday against widespread complaints against its aggressive America First trade policies and urged the International Monetary Fund to do more to combat unfair trade practices.

NEW YORK (AP) — The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump.

OKLAHOMA CITY (AP) — As Oklahoma's attorney general, Scott Pruitt assigned investigations agents from his office to be his driver and bodyguard, at times taking them on his frequent trips out of state to speak to conservative political organizations, state records show.

NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.

WASHINGTON (AP) — The latest from the spring meetings of the Group of 20 major economies, the 189-nation International Monetary Fund and its sister lending institution, the World Bank.

BENTONVILLE, Ark. (AP) — Retail giant Walmart is testing a new dress code that gives employees more freedom. Under the pilot program at fewer than 100 stores, workers can wear solid color blue jeans instead of khaki-colored or black denim pants.

MILAN (AP) — Designers are confronting what it means to be sustainable at the Milan Furniture Show. There is the tried and true — durable, sometimes luxurious classic pieces that can be passed down through generations.

NEW YORK (AP) — An audit of Facebook's privacy practices for the Federal Trade Commission found no problems even though the company knew at the time that a data-mining firm improperly obtained private data from millions of users — raising questions about the usefulness of such audits.

NEW YORK (AP) — Canada's Fairfax Financial Holding has placed a bid of $300 million to buy Toys R Us's Canadian operations in bankruptcy.

COPENHAGEN, Denmark (AP) — A major European dairy cooperative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years.

FRANKFURT, Germany (AP) — Prosecutors say one person is in custody in an investigation of current and former managers at automaker Porsche, a unit of Volkswagen, over the company's diesel emissions scandal.

SEOUL, South Korea (AP) — Global stock markets were subdued Friday amid worries over trade and after a major supplier to Apple forecast continued weak demand for mobile devices.

WASHINGTON (AP) — President Donald Trump says oil-producing cartel OPEC "is at it again," and that efforts to maintain high prices "will not be accepted!" Trump's Friday morning tweet comes as representatives from OPEC nations and allied oil ministers are meeting in Jeddah, Saudi Arabia to discuss their agreement to maintain cuts to production in order to keep prices up.

LONDON (AP) — The British pound is falling from post-Brexit highs after the Bank of England's governor tempered market expectations of another interest rate hike next month.

NEW YORK (AP) — The Kushner Cos. has been subpoenaed by federal prosecutors for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City.

BEIJING (AP) — ZTE Corp., one of China's biggest tech companies, warned Friday a ban on access to U.S. technology threatens its survival and said the company is looking for a legal solution.

PHILADELPHIA (AP) — Rashon Nelson initially brushed it off when the Starbucks manager told him he couldn't use the restroom because he wasn't a paying customer.