Energy in America

World stocks rally on strong earnings reports

Asian markets rose on Wednesday after big American companies reported strong earnings for the third quarter, soothing fears that rising interest rates may deter corporate investment.

Business Highlights

___ Stocks rally on earnings a day after ending at 5-month lows NEW YORK (AP) — Stocks climb as strong results from a number of companies help the market regain a sliver of its recent losses.

GE slashes dividend, takes $22 billion charge in 3Q

General Electric Co. is slashing its dividend from 12 cents, to a penny, and taking a $22 billion impairment charge for its power division, which is a crucial segment of its operations going forward.

Amid global uproar, some US colleges rethink Saudi ties

U.S. colleges and universities have received more than $350 million from the Saudi government this decade, yet some are rethinking their arrangements in the wake of the killing of a journalist that has ignited a global uproar against the oil-rich nation.

Report: Human error blamed in woman's death after power cut

An investigation into the death of a 68-year-old New Jersey woman who died this summer after her electricity was turned off has found that "human errors and systemic failures" led to a delay in restoring power at the home.

Spy chief wanted ban on China telecoms from Australian 5G

A spy chief says Australia's critical infrastructure including electricity grids, water supplies and hospitals could not have been adequately safeguarded if Chinese-owned telecommunications giants Huawei and ZTE Corp. were allowed to help roll out the nation's 5G network.

Business Highlights

___ Stocks tumble again on report US plans more tariffs NEW YORK (AP) — Stocks close sharply lower in another turbulent day of trading following a report that the U.S. is preparing to put tariffs on all remaining Chinese imports if talks between the countries don't produce progress soon.

Business Highlights

___ Stocks slump again; S&P 500, Dow back into red for year NEW YORK (AP) — Stocks are back in the red for the year as another big slump rocks Wall Street.