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Last Updated Feb 11, 2016 09:39AM

Major U.S. stock indexes veered sharply lower in morning trading Thursday as concerns about global economic weakness intensified. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners as investors worried that …

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  • Yellen’s warning: Markets pose a threat to economy
    Investors were pleased Wednesday when Federal Reserve Chair Janet Yellen said weakening stock prices pose a risk to the economy, convinced she won’t r...
    Updated Feb 11 2016 09:36 am   |     |   Share
  • Morgan Stanley to pay $3.2B over 2008 crisis
    Albany, N.Y. • Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misre...
    Updated Feb 11 2016 09:30 am   |     |   Share
  • FILE - In this July 5, 2015, file photo, a man uses the dating app Tinder in New Delhi. Online dating is now hip with young adults, but not always for dating. Mobile dating apps such as Tinder incorporate fun elements and are dead simple to use. That’s luring adults ages 18 to 24, who traditionally haven’t been big online daters because they are already surrounded by lots of other young, single people. (AP Photo/Tsering Topgyal, File) Young adults swipe right on Tinder, but is it just a game?
    New York • Online dating services are now hip with young adults, but not always for dating. Credit mobile dating apps such as Tinder, which incorporat...
    Updated Feb 11 2016 09:06 am   |     |   Share
  • Congress likely to give OK to local Internet tax ban
    Washington • State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise that Congress is...
    Updated Feb 11 2016 09:00 am   |     |   Share


MORE MONEY STORIES
  • Nokia quarterly profit rose but outlook cautious
    Helsinki • Nokia saw fourth quarter profit grow more than 50 percent to $560 million on a slight increase in sales, but the telecom networks company c...
    Updated Feb 11 2016 08:57 am   |     |   Share
  • In this Feb. 9, 2016, photo, a taxi drives along Las Vegas Boulevard in Las Vegas. The advent of Uber and Lyft in Nevada last fall has thrown the powerful Las Vegas taxi industry and its regulators into upheaval, as the taxi industry’s $3-per-ride credit card processing fee and lack of an online review system look suddenly out of date. (AP Photo/John Locher) As industry shifts, Vegas cabs are soul-searching
    Las Vegas • The arrival of Uber and Lyft in Nevada last fall and a state audit accusing regulators of allowing cabs to charge $47 million in excessive...
    Updated Feb 11 2016 08:45 am   |     |   Share
  • In this Tuesday, Feb. 9, 2016, photo, a restaurant posts a sign indicating they are hiring, in Miami. The Labor Department releases its weekly report on applications for unemployment benefits on Thursday, Feb. 11. (AP Photo/Alan Diaz) Claims for U.S. jobless aid fell sharply last week
    Washington • Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting s...
    Updated Feb 11 2016 08:42 am   |     |   Share
  • Products fall from an overloaded vehicle after returning from North Korea’s Kaesong industrial complex in Paju, South Korea, Thursday, Feb. 11, 2016. North Korea on Thursday vowed to immediately deport all South Korean nationals and freeze all South Korean assets at a jointly run factory park in the North, a swift, aggressive response to the South Korean decision to suspend operations at the former symbol of inter-Korean cooperation. (Kim Seung-doo/Yonhap via AP) KOREA OUT Kaesong closure to mostly fall on S. Korean firms
    Seoul, South Korea • South Korea’s sudden withdrawal from a factory park in North Korea is a severe blow for the South Korean businesses that populate...
    Updated Feb 11 2016 08:42 am   |     |   Share
  • A man walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, Feb. 11, 2015. Hong Kong’s stocks are set for their biggest daily drop in six months on Thursday, as worries about the health of the global economy, particularly the mainland, sparked a sell-off in financials and energy shares, according to government radio. (AP Photo/Vincent Yu) Questions grow over banks as profit warnings pile up
    Paris • Questions are growing over the financial health of banks, particularly in Europe, as they face a toxic mix of low economic growth, bad loans a...
    Updated Feb 11 2016 08:39 am   |     |   Share
  • FILE - In this Sept. 9, 2015 file photo, Len Don Diego, marketing manager for content at the DraftKings daily fantasy sports company, works at his station at the company’s offices in Boston. Daily fantasy sports companies have said their industry remains viable despite a rocky start to 2016.  ESPN and DraftKings ended an exclusive advertising deal, and FanDuel confirmed it was laying off 55 workers in its Orlando, Fla., office. (AP Photo/Stephan Savoia, File) Fantasy sports firms defend industry
    Boston • Daily fantasy sports companies say their industry remains viable despite a rocky start to 2016. The industry’s top companies, DraftKings and ...
    Updated Feb 11 2016 08:36 am   |     |   Share
  • In this image made from video, Google Vice President Tom Hutchinson, left, and President of Google Europe, Middle East and Africa, Matt Brittin,  give evidence to the British government Commons Public Accounts Committee in London, Thursday Feb. 11, 2016.  The executives are appearing before the government committee following controversial agreements over tax payments by the internet giant.  (Image from video / PA via AP) UNITED KINGDOM OUT - NO SALES - NO ARCHIVES Head of Google Europe grilled by UK tax authorities
    London • A British parliamentary committee has grilled Google’s president of European operations, questioning in blunt terms whether the Internet gian...
    Updated Feb 11 2016 09:29 am   |     |   Share
  • FILE - In this July 9, 2015, file photo, Pepsi bottles are on display at a supermarket in Haverhill, Mass. PepsiCo reports financial results Thursday, Feb. 11, 2016. (AP Photo/Elise Amendola, File) PepsiCo’s revenue in North America climbs
    New York • PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing. The maker of Frito-Lay ...
    Updated Feb 11 2016 08:33 am   |     |   Share
  • IMF nominates Lagarde for a second term
    Washington • The International Monetary Fund has nominated managing director Christine Lagarde for a second five-year term. The IMF executive board sa...
    Updated Feb 11 2016 08:30 am   |     |   Share
  • Currency traders look at the computer monitors near the screens showing the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Thursday, Feb. 11, 2016. Asian stocks shuddered again Thursday, led by sharp drops in Hong Kong and South Korea, which were catching up to global market turmoil after being shut for Lunar New Year holidays.(AP Photo/Lee Jin-man) World markets shudder over economy jitters
    London • Global markets shuddered again Thursday with bank stocks in particular getting hammered, oil falling further and investors turning to perceiv...
    Updated Feb 11 2016 08:24 am   |     |   Share
  • In this Thursday, Nov. 19, 2015, photo, Alton John, left, from Kittanning, Pa., gets the keys to his new 2015 Ford F-150 Supercab 4x4 pickup truck from salesman Robert Myers as he takes delivery at Butler County Ford in Butler, Pa. Haggling over a car price isn’t for everyone. The angst has spawned a small but growing trend toward no-haggle alternatives found at discount club stores, some dealers and on several Internet sites. (AP Photo/Keith Srakocic) Options for those who hate haggling to buy a car
    Haggling over a car price isn’t always a bargain. There are head-scratching discount offers and long waits while the salesperson checks with their man...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • FILE - In this Oct. 14, 2010 photo, shoppers go into a Goodwill store in Paramus, N.J. Did you donate a car to a charitable organization in 2015 or some clothing to the church thrift shop or Goodwill store?  If you want to take a deduction for the donation, you have to itemize on your tax return. (AP Photo/Mel Evans, File) Donate to a charity? IRS sets rules for taking deductions
    Did you donate a car to a charitable organization in 2015, or some clothing to the church thrift shop? Maybe you made a cash contribution to your alma...
    Updated Feb 11 2016 07:27 am   |     |   Share
  • This photo provided by Audi shows the 2016 Audi Q3 crossover SUV. With a starting retail price of less than $35,000, the Audi Q3 delivers fun, nimble handling and Audi prestige in a small package. The smallest of Audi’s three SUVs, the Q3 also is a recommended buy of Consumer Reports magazine, where reliability is rated as much better than average. (Audi via AP) Q3 SUV delivers turbocharged Audi prestige
    With a turbo-charged engine and a price tag that starts at under $35,000, the 2016 Q3 SUV delivers a fun and nimble ride along with Audi prestige. The...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • Julie Jason: How to put a freeze on your credit record
    You may recall last year’s cybersecurity attack that compromised the United States Office of Personnel Management (OPM) database. I received an e...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • Women’s wallets are getting smaller, sleeker
    Women’s wallets are shrinking. No, that’s not a metaphor for the amount of cash they’re toting around. Their physical wallets are getting smaller. The...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • Facebook trustee: Sorry about offensive tweet on India
    Marc Andreessen has apologized to India. On Tuesday, the Silicon Valley venture capitalist and Facebook board member had lashed out on Twitter, saying...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • Lagarde pressures Ukraine, warns of ending bailout
    Pressure on Ukraine’s government, already showing cracks over anti-graft efforts and the war with pro-Russian separatists, was ratcheted up further as...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • EU, U.S. reach deal on derivatives markets
    U.S. and European Union regulators reached an agreement on oversight the $553 trillion global derivatives market, seeking to prevent capital increases...
    Updated Feb 11 2016 01:05 am   |     |   Share
  • FILE - This Friday, Oct. 18, 2013, file photo, shows a Twitter app on an iPhone screen, in New York. Twitter is tweaking its timeline. The social media site will let people turn on a setting that lets popular tweets related to people you follow show up first in your timeline. It’s part of the microblogging service’s attempt to make its service more accessible to new users. (AP Photo/Richard Drew, File) Key things to know about Twitter timeline changes
    New York • Twitter’s tweaking its timeline to emphasize certain tweets from people you follow, but don’t expect dramatic changes from the chronologica...
    Updated Feb 10 2016 05:48 pm   |     |   Share
  • Liverpool’s Philippe Coutinho, centre, celebrates scoring a goal during the English FA Cup fourth round replay soccer match between West Ham United and Liverpool at the Boleyn Ground stadium in London, Tuesday, Feb. 9, 2016. (AP Photo/Kirsty Wigglesworth) Liverpool fans force owners’ U-turn on price hike
    London • Liverpool’s American owners apologized to fans and reversed planned rises in ticket prices on Wednesday, insisting they were not “greedy.” Th...
    Updated Feb 10 2016 05:21 pm   |     |   Share