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Asian stock indexes mixed as Trump uncertainties mount
Updated: 01/24/2017 1:15 AM

TOKYO (AP) — Asian shares were mixed Tuesday as uncertainty mounted over U.S. President Donald Trump's trade and regulatory policies. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.6 percent to 18,787.99. Australia's S&P/ASX 200 added 0.7 percent to 5,650.10. South Korea's Kospi fell 0.2 percent to 2,062.24. Hong Kong's Hang Seng gained 0.2 percent to 22,942.03, while the Shanghai Composite ticked up 0.2 percent to 3,144.75. Benchmarks rose in Taiwan, Singapore and Indonesia, but fell in the Philippines.
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Philadelphia bars employers from requesting salary history
Updated: 01/24/2017 12:44 AM

PHILADELPHIA (AP) — Despite a threat from cable giant Comcast to take legal action, Philadelphia has banned employers from asking potential hires to provide their salary history, a move supporters say is a step toward closing the wage gap between men and women. Democratic Mayor Jim Kenney signed the measure on Monday, and said he's confident the bill can withstand legal challenges. "I know that Comcast and the business community are committed to ending wage discrimination, and I'm hopeful that moving forward we can have a better partnership on this and other issues of concern to business owners and their employees," he said.
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Homeless group partners with different kind of soup kitchen
Updated: 01/24/2017 12:40 AM

PHILADELPHIA (AP) — The restaurateurs behind a popular doughnuts and fried chicken chain in Philadelphia have found a valuable use for their discarded chicken backs: making soup for charity. The Rooster Soup Co. luncheonette — which has full breakfast, lunch and dinner menus alongside its soup offerings — opened Monday to a packed crowd. All proceeds after expenses will benefit Broad Street Ministry, a local nonprofit serving the hungry and homeless. "I love the mission. It's so inspiring. It's groundbreaking," said customer Kate Tejada.
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Jobs versus the environment square off in pipeline vote
Updated: 01/24/2017 12:36 AM

PEMBERTON, N.J. (AP) — A hotly contested plan to run a natural gas pipeline through New Jersey's federally protected Pinelands preserve is getting a do-over. A public hearing on the proposal by South Jersey Gas to build the pipeline will be held Tuesday in Pemberton. The pipe would supply a power plant in Cape May County that's switching from coal to natural gas. The New Jersey Pinelands Commission rejected the plan in 2014. The commission's executive director then unilaterally approved it, but environmentalists got a court to order a new vote, which could come next month.
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How a Trump tariff could sideswipe US auto industry
Updated: 01/24/2017 12:32 AM

DETROIT (AP) — The threat from President Donald Trump to tax Mexican-made cars sold in the U.S. would throw the industry into disarray, analysts say, forcing some uncomfortable choices: Raise car prices or swallow the cost. Stop selling Mexican-made cars in the U.S. but risk losing customers. Move production to the U.S. but make less money. "I don't think the auto industry would turn up its feet and die, but it would be a terrible shock. It would create mayhem with their profitability," said Marina Whitman, a business professor at the University of Michigan and a former vice president at General Motors Co.
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Dubai remains world's busiest international airport
Updated: 01/24/2017 12:05 AM

DUBAI, United Arab Emirates (AP) — Dubai remains home to the world's busiest international airport after seeing 83.6 million passengers in 2016. However, the figures released on Tuesday by Dubai International Airport fall short of an estimate of 85 million passengers authorities had hoped to have. Paul Griffiths, CEO of Dubai Airports, says in a statement that authorities hope to have 89 million passengers in 2017. Griffiths says that figure would show Dubai is "closing the gap on Atlanta and Beijing for the top spot in overall traffic.
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Asian stock indexes mixed as Trump uncertainties mount
Updated: 01/23/2017 11:50 PM

TOKYO (AP) — Asian shares were mixed Tuesday as uncertainty mounted over U.S. President Donald Trump's trade and regulatory policies. KEEPING SCORE: Japan's benchmark Nikkei 225 slipped 0.2 percent to 18,845.89. Australia's S&P/ASX 200 added 0.7 percent to 5,651.20. South Korea's Kospi fell 0.1 percent to 2,063.10. Hong Kong's Hang Seng gained 0.3 percent to 22,969.38, while the Shanghai Composite ticked up 0.1 percent to 3,139.81. Benchmarks rose in Taiwan, Singapore and Indonesia, but fell in the Philippines.
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iPhone assembler Foxconn may invest $7B in US display plant
Updated: 01/23/2017 10:47 PM

TAIPEI, Taiwan (AP) — The Taiwanese company that assembles Apple's iPhones and other electronics is considering investing $7 billion in a U.S. factory to produce display panels that would create as many as 50,000 jobs. Foxconn CEO Terry Gou discussed the potential expansion Sunday during a company meeting in Taiwan. His comments were broadcast by Taiwanese media. Foxconn, founded by Gou in 1974, assembles smartphones and other devices for Apple, Sony, Blackberry and other brands. Most of its operations are in mainland China, where its vast factories employ more than 1 million people.
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Samsung's earnings more than double on record chip profits
Updated: 01/23/2017 10:41 PM

SEOUL, South Korea (AP) — Samsung Electronics said Tuesday that its fourth-quarter profit more than doubled over a year earlier thanks to record-high earnings from its brisk memory chip business and strong smartphone sales, despite costly Galaxy Note 7 recalls. The South Korean company said it posted 7.1 trillion won ($6.1 billion) in net income during the October-December period, compared with 3.2 trillion won a year earlier. Analysts surveyed by FactSet, a financial data provider, expected 6.52 trillion won.
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Trump in Asia: Region poised for change as new era dawns
Updated: 01/23/2017 9:26 PM

BEIJING (AP) — People across Asia are poised for a potentially dramatic change in relations with Washington under President Donald Trump after decades with the United States as a major military and economic presence. The clues Trump has given about his foreign policy are a break with former President Barack Obama's "pivot to Asia," which re-emphasized American engagement in the region. In one of his first actions in office, Trump withdrew the United States from the sweeping Trans-Pacific Partnership, a trade agreement negotiated by the Obama administration and 11 Pacific Rim countries.
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