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Survey: More women on bank boards

Subscriber onlyBanking and capital markets, often viewed as dominated by men, achieved high scores in a newly released survey measuring the diversity in their director ranks. Continue reading...

Deportation plan a worry for Californians

Subscriber onlyThe news that President Donald Trump ordered a crackdown on illegal aliens sent a chill through immigrant communities. California businesses that employ lots of immigrants are shivering, too. Continue reading...

Sales up 3.7% for new U.S. housing

3 regions see rise; West falls 4.4%

Subscriber onlyWASHINGTON -- Americans bought more new homes in January after a steep fall-off the previous month, a sign the housing market is healthy despite higher mortgage rates. Continue reading...

Penney to close at least 130 stores

Early retirement offer to 6,000 not ‘desperation,’ CEO says

Subscriber onlyDALLAS -- J.C. Penney Co. said Friday that it will close 130 to 140 stores as well as two distribution centers over the next several months as it tries to improve profitability, joining its department store rivals in pruning store numbers because of online shopping. Continue reading...

Insured Rx buyers' copay at times more than drug's real cost

Subscriber onlyEric Pusey has to bite his tongue when customers at his pharmacy make copayments far higher than the cost of their low-cost generic drugs, thinking their insurance is getting them a good deal. Continue reading...

Down 10,000 jobs in '16, AIG says

Insurance company’s CEO has sold assets, cut expenses

Subscriber onlyAmerican International Group Inc.'s head count fell by 10,000 last year as Chief Executive Officer Peter Hancock sold units and cut jobs. Continue reading...

Some VW owners waiting on settlement buyback offer

Subscriber onlyLOS ANGELES -- Some Volkswagen owners say they're still waiting to complete their buybacks, almost four months after a judge approved a settlement for 2-liter diesel vehicles that were part of the automaker's emissions scandal. Continue reading...

J.C. Penney to close 130 to 140 stores; no word on whether Arkansas stores affected

NEW YORK — J.C. Penney said Friday that it will be closing anywhere from 130 to 140 stores as well as two distribution centers over the next several months as it aims to improve profitability in the era of online shopping. Continue reading...

State's in mix at energy meeting

Governor hopes Trump cuts rules

Subscriber onlyArkansas Gov. Asa Hutchinson is meeting with fellow governors in Washington, D.C., this week for what's being called the Governor's Summit on Energy Security and Infrastructure. Continue reading...

Boeing's F/A-18 fighter hangs on

Revival seen in Lockheed’s delays with F-35, Trump tweets

Subscriber onlyBoeing's Super Hornet is poised for a surprising comeback thanks to President Donald Trump's Twitter broadsides and a strike-fighter shortage caused by delays to Lockheed Martin Corp.'s F-35 program. Continue reading...

Federal court ruling on mortgage giants likely to slow revamp

Subscriber onlyU.S. Treasury Secretary Steven Mnuchin's seriousness about overhauling the nation's $10 trillion mortgage market will soon be tested. Continue reading...

Company towns losing to big cities

Caterpillar, others relocate to tap more dynamic markets

Subscriber onlyPEORIA, Ill. -- Peoria Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring, "We wouldn't be Peoria without Caterpillar." Continue reading...

Lawmakers pressing again to extract Arctic refuge's oil

Subscriber onlyANCHORAGE, Alaska -- Former U.S. Sen. Frank Murkowski in 2001 gave a speech urging colleagues to approve oil drilling in America's largest wildlife refuge. The Alaska Republican held up a blank sheet of paper to illustrate his point. Continue reading...

Month's housing resales speed up

Pace in January fastest since 2007

Subscriber onlyAmericans shrugged off rising mortgage rates and bought previously owned homes in January at the fastest pace since 2007. That has set off bidding wars that have pushed up prices as the supply of available homes has dwindled to record lows. Continue reading...

Pension snags GM effort to exit Europe

Subscriber onlyAs General Motors Co. tries to hammer out a deal to sell its long-struggling Europe business to Peugeot owner PSA Group, one multibillion-dollar issue looms large: how the companies will manage an underfunded pension plan for retirees. Continue reading...