LAS VEGAS (AP) - Two former investment executives from Japan pleaded not guilty in Las Vegas on Thursday to criminal fraud charges in what prosecutors have called a $1.5 billion international Ponzi scheme. Junzo Suzuki, 70, and his son, Paul Suzuki, 40, arrived in custody in the U.S. on Wednesday, and appeared before a federal magistrate who set a hearing next Wednesday to decide if they will be freed from jail pending trial.
SAN FRANCISCO (AP) - There's some tech jubilance in the air on Wall Street and in Silicon Valley as a pair of newly public companies - Zoom and Pinterest - saw their stocks soar on their first trading day. No one wants talk about a bubble, not to mention its prospects for bursting, but the strong initial performances might reassure investors with jittery nerves following ride-hailing company Lyft's disappointing start less than a month ago.
NEW YORK (AP) - One IPO, two stocks zooming higher. Investors on Thursday pounced on their first chance to buy shares of Zoom Video Communications, the video-conferencing company that had its initial public offering of stock. It shares surged 72.2% from their IPO price of $36.
WASHINGTON (AP) - U.S. retail sales surged in March at the fastest pace since late 2017, as spending on autos, gasoline, furniture and clothing jumped. The Commerce Department said Thursday that sales increased a seasonally adjusted 1.6% from February, the strongest increase since September 2017.
The number of Americans filing for unemployment benefits dropped to the lowest level in nearly half a century. The Labor Department says claims for jobless aid fell by 5,000 last week to 192,000, lowest since September 1969. The four-week average, which is less volatile, dropped by 6,000 to 201,250, lowest since November 1969. Weekly claims have been at historically low levels - below 300,000 - for more than four years.
BEIJING (AP) - Stock markets were subdued Thursday as investors digested corporate earnings reports and mixed economic data, with some traders in Europe preparing for a long weekend. London's FTSE 100 fell 0.1% to 7,460 and Frankfurt's DAX rose 0.5% to 12,208. France's CAC 40 gained 0.3% to 5,576.
TOKYO (AP) - Japan's top court said Thursday it has rejected an appeal by former Nissan Chairman Carlos Ghosn's lawyers against his extended detention after his fourth arrest on allegations of financial misconduct. The decision upholds the extension of his detention through April 22 that was approved Monday by the Tokyo District Court. The Supreme Court ruling was made Wednesday and conveyed to foreign media on Thursday.
NEW YORK (AP) - Earth, meet Polo. Polo Ralph Lauren on Thursday launched a version of its iconic polo shirt made entirely of recycled plastic bottles and dyed through a process that uses zero water. David Lauren, the youngest son of the company's founder and its chief innovation officer, told The Associated Press ahead of the announcement that the new shirt is part of a broader strategy of fresh environmental goals throughout the manufacturing process.
SAN FRANCISCO (AP) - Some of Samsung's new, almost $2,000 folding phones appear to be breaking after just a couple of days. Journalists who received the phones to review before the public launch said the Galaxy Fold screen started flickering and turning black before completely fizzling out. Two journalists said they removed a thin, protective layer from the screens that they thought was supposed to come off, but was meant to stay.