DEARBORN, Mich. (AP) - Ford Motor Co., which has struggled overseas and saw U.S. sales fall last year, reported its first quarterly net loss in two years Wednesday. The Dearborn, Michigan, company said it lost $116 million, or 3 cents a share, in the fourth quarter, compared with a $2.52 billion profit a year earlier. It last posted a quarterly loss in the fourth quarter of 2016.
WASHINGTON (AP) - At this time of year, John Sprinkle and his wife would normally be planning their summer vacation. Not now. Sprinkle, a furloughed federal employee, is about to miss his second paycheck since the partial government shutdown began just before Christmas. With no end in sight to the longest shutdown in American history, Sprinkle and his family are postponing all manner of spending.
NEW YORK (AP) - Comcast is still losing U.S. cable customers but is racking up more internet subscribers and has gotten a revenue boost from Sky, its big bet on European TV. The Philadelphia company said Wednesday that it lost 29,000 U.S. cable customers in the fourth quarter but added 351,000 internet subscribers. It also gained customers in its new cellphone-plan business.
Asian shares buoyed by US earnings, upbeat talk on China Government shutdown poses increasing risk to wider economy At Davos, battle lines are drawn over trade and cooperation Pelosi works her health care strategy from the ground up Q&A: A look at what happens when drones get near airports …
TOKYO (AP) - Japan's exports fell 3.8 percent in December from a year earlier, hit by slowing demand in China, as the trade balance shifted back into deficit for the year, the government reported Wednesday. For the year, imports outpaced the rise in exports, leaving a trade deficit for the first time in three years, the Ministry of Finance reported. Japan's imports rose 1.9 percent in December from the same month in 2017, leaving a deficit of 55.3 billion yen (about $507 million).
WILMINGTON, Del. (AP) - A former Delaware bank official who cooperated with authorities in an investigation that led to the convictions of four top executives for Wilmington Trust, the only financial institution to be criminally charged in connection with the federal bank bailout program, was sentenced Tuesday to almost two years in prison.
LONDON (AP) - Prime Minister Theresa May is determined to get a tweaked version of her rejected European Union divorce deal through Parliament. British lawmakers have other ideas - lots of other ideas. May's Conservative government is headed for a showdown with Parliament next week, when lawmakers get to vote on the prime minister's latest proposal, and can try to amend it to send her in another direction. Here's how the battle is shaping up: MAY'S PLAN B