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Arconic CEO Klaus Kleinfeld steps down
NEW YORK, N.Y. - Arconic said Monday that Klaus Kleinfeld has agreed to step down as CEO and chairman after the company's board of directors discovered that he sent a letter to its largest shareholder without telling them.
Shares of Arconic climbed $1.46, or 5.6 per cent, to $27.36 in morning trading after the announcement.



Lawsuit: Wells Fargo banker fired for not scamming customers
NEW BRUNSWICK, N.J. - A New Jersey woman has sued Wells Fargo Bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren't in customers' best interest.
Melinda Bini filed a lawsuit in state court in New Jersey on April 5 against the bank and three supervisors from the branch she worked at in Highland Park, NJ.com reported (http://bit.ly/2oOOyLJ ).



Liz Weston: Investment fees could leave you old and broke
You want to save as much as possible for retirement. The financial services industry wants to make as much money off you as it can.
That thorny conflict is at the heart of the battle over what is known as the "fiduciary rule." If implemented, it would require financial advisers to put clients' best interests first when counselling them about retirement savings. In practice, it typically would prevent financial pros from steering you into a high-cost investment if similar low-cost choices are available.



CEO of Bonobos: how he changed the way men shop for pants
NEW YORK, N.Y. - Andy Dunn didn't start out with an interest in fashion. But he ended up co-founding an online menswear company called that targets customers like him: male shoppers who want a wardrobe of nice-fitting clothes but need help.
The company called Bonobos started out in 2007 with a line of men's pants — a curved waist band with a flattering fit. They were different from what was out there and were designed by his good friend and now business partner Brian Spaly. Bonobos now has expanded int



In this April 5, 2017 photo, people walk on El Conde street in the Colonial Zone of Santo Domingo, Dominican Republic. Santo Domingo, Latin America's oldest colonial city is aiming for a rebound, pouring millions into renovating centuries-old buildings in
Residents nervously watch Americas' oldest city gentrifying
SANTO DOMINGO, Dominican Republic - Latin America's oldest colonial city is aiming for a rebound, pouring tens of millions of dollars into repairing streets, cleaning up trash, installing streetlights and renovating centuries-old buildings in hopes of getting more of the Dominican Republic's 5 million tourists a year to spend less time at the beach and more in the capital's long-neglected historic centre.
Business owners are delighted, but residents of Santo Domingo's walled city are watching nervously



Pennsylvania-based teen retailer Rue 21 closing 400 stores
CRANBERRY, Pa. - Teen clothing retailer rue21 is closing about one-third of its stores nationwide as it focuses more on its online business.
The privately held company is shuttering nearly 400 stores, leaving it more than 700 stores in 48 states.



Hydrogen fuel cell cars face obstacle: few fueling stations
DETROIT - Hydrogen fuel cell cars could one day challenge electric cars in the race for pollution-free roads — but only if more stations are built to fuel them.
Honda, Toyota and Hyundai have leased a few hundred fuel cell vehicles over the past three years, and expect to lease well over 1,000 this year. But for now, those leases are limited to California, which is home to most of the 34 public hydrogen fueling stations in the U.S.



In this Friday, April 14, 2017 photo, a SUV vehicle, left, drives past an electric-powered SUV parked outside a shopping mall in Beijing. Automakers face a dilemma in China’s huge but crowded market: Regulators are pushing them to sell electric cars, but
China car dilemma: Beijing wants electric, buyers want SUVs
BEIJING, China - Automakers face a dilemma in China's huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs.
The industry is rattled by Beijing's proposal to require that electric cars make up 8 per cent of every brand's production as soon as next year. Consumers are steering the other way: First-quarter SUV sales soared 21 per cent from a year earlier to 2.4 million, while electric vehicle purchases sank 4.4 per cent to just 55,929.



New York manufacturers grow at a slower pace in April
WASHINGTON - Manufacturing in New York state expanded more slowly this month than it did in March, but factory hiring looked strong.
The Federal Reserve Bank of New York says its Empire State Manufacturing Survey fell to 5.2 in April from 16.4 in March and a two-year high 18.7 in February. Still, anything above zero signals growth, and New York factories have been expanding for six straight months.



Northeastern B.C. towns see Montney natural gas drilling recovery
CALGARY - Increasingly empty industrial yards around the northeastern B.C. city of Fort St. John are a welcome sign for Jennifer Moore.
Moore, a regional economic development officer, says the return of parked natural gas drilling rigs and related equipment to the field shows that a recovery is underway for one of Canada's biggest new energy plays.



Vietnamese Prime Minister nixes major steel mill project
HANOI, Vietnam - Prime Minister Nguyen Xuan Phuc has ordered a halt to work on a major steel plant, citing environmental and other concerns.
The Vietnam-based Hoa Sen Group last year announced plans to build a $10.6 billion complex with an annual capacity of 16 million tons of steel. But a government statement Monday called for further studies on the potential environmental impact of the project, and its economic feasibility.



In Paris, Pugachev seeks $12 billion from Russian state
PARIS - The International Chamber of Commerce is holding an arbitration hearing over Russian magnate Sergei Pugachev's claims for $12 billion from Russia, part of a long-running battle with President Vladimir Putin's government.
Russia accuses Pugachev of embezzlement, while Pugachev alleges the Russian state unlawfully took over his shipyards and other assets. Pugachev had a big business empire in the 1990s.



A man looks at an electronic stock board of a securities firm in Tokyo, Monday, April 17, 2017. Asian shares were mixed Monday amid continuing worries about tensions on the Korean Peninsula, while Hong Kong and Australian markets were closed for the Easter
Shares waver as US warns era of patience with NKorea is over
TOKYO - Shares in Asia were mixed on Monday after U.S. Vice-President Mike Pence, on a visit to South Korea, warned that U.S. patience with Pyongyang has run out. Many global markets were closed for Easter holidays.
KEEPING SCORE: Markets were closed in France, Germany and Britain. U.S. shares were set to drift lower, with Dow futures slipping nearly 0.1 per cent at 20,401. S&P 500 futures were also down 0.1 per cent at 2,325.60.



The Latest: S. Korea indicts Lotte chief on bribery charge
SEOUL, South Korea - The Latest on the indictment of former South Korean President Park Geun-hye (all times local):
5:10 p.m.



China car dilemma: Beijing wants electric, buyers want SUVs
BEIJING, China - Automakers face a dilemma in China's huge but crowded market: Regulators are pushing them to sell electric cars, but buyers want gas-guzzling SUVs.
The industry is rattled by Beijing's proposal to require that electric cars make up 8 per cent of every brand's production as soon as next year. Consumers are steering the other way: First-quarter SUV sales soared 21 per cent from a year earlier to 2.4 million, while electric vehicle purchases sank 4.4 per cent to just 55,929.



Hydrogen fuel cell cars face obstacle: few fueling stations
DETROIT - Hydrogen fuel cell cars could one day challenge electric cars in the race for pollution-free roads — but only if more stations are built to fuel them.
Honda, Toyota and Hyundai have leased a few hundred fuel cell vehicles over the past three years, and expect to lease well over 1,000 this year. But for now, those leases are limited to California, which is home to most of the 34 public hydrogen fueling stations in the U.S.



In this Sunday, April 16, 2017 photo, a worker takes a rest near a mural on display outside a construction site at the Central Business District of Beijing. China's economic growth ticked higher to 6.9 percent in the first quarter of the year, according to
China's economy gains steam; 1Q growth fastest since 2015
HONG KONG - China's economic recovery is gaining traction, with growth rising to its fastest pace in over a year in January-March.
The 6.9 per cent annual pace of expansion for the world's second-largest economy, reported Monday, surpassed economists' forecasts and was an improvement from 6.8 per cent growth in the last quarter of 2016.



FILE - In this Thursday, April 6, 2017, file photo, President Donald Trump shakes hands with Chinese President Xi Jinping as he arrives before dinner at Mar-a-Lago resort, in Palm Beach, Fla. In recent weeks, Trump has moved away from his tough campaign rh
Trump admin. declines to brand China a currency manipulator
WASHINGTON - The Trump administration declined Friday to label China a currency manipulator despite President Donald Trump's insistent pledge during the election campaign that he would do so as soon as he took office.
Instead, the administration's first twice-yearly currency review singled out China and five other countries as needing to be monitored for their currency practices. The countries — China, Japan, Germany, South Korea, Taiwan and Switzerland — were the same six named in the last currency re



Can't decide what to do with your tax refund? Split it
For many people, getting a tax refund is like getting a handful of sand: It's virtually impossible to hang on to much of it.
But it doesn't have to be that way. You can have the IRS split your refund across a number of accounts, perhaps some less accessible than your checking account, and thus keep that windfall from slipping through your fingers.



China's first-quarter economic growth ticks higher to 6.9 per cent
HONG KONG - China's first-quarter economic growth ticks higher to 6.9 per cent.