WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts.
The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a 0.8 percent gain in December. Over the past 12 months, factory production has increased just 2.9 percent. Manufacturing of wood products, computers, electrical equipment, apparel and chemicals also fell in January.
PARIS (AP) — A prominent figure of the French yellow vests has gone on trial in Paris for allegedly organizing illegal demonstrations, as the movement prepares for a 14th consecutive weekend of protests.
Eric Drouet was arrested for organizing demonstrations on Dec. 22 and Jan. 2 in Paris without declaring them to authorities.
He acknowledged he didn’t follow the rule, saying Friday he doesn’t consider himself a protest organizer.
LONDON (AP) — London is taking its turn in the style spotlight with the opening of London Fashion Week, an extravaganza that will feature up-and-coming young designers along with big names like Victoria Beckham, Vivienne Westwood and Burberry.
More than 100 catwalk shows are scheduled along with countless crowded, fizzy parties and dozens of presentations.
The London-based Turkish designer used his catwalk show Friday to display a series of layered, asymmetrical dresses in quiet shades of white, cream and soft blue.
SAN FRANCISCO (AP) — It’s been a complicated few weeks for Amazon, what with its abrupt pullout from a massive New York City development, extortion claims related to intimate photos taken by its founder Jeff Bezos and increasing antitrust scrutiny in Europe .
For now, these events seem unlikely to pose much threat to Amazon’s brand or business. But they’re indicative of the mounting challenges the e-commerce giant faces as it grows ever larger and more dominant.
WASHINGTON (AP) — The Justice Department alleges that two former executives for Cognizant Technology Solutions paid about $2 million in bribes to Indian officials to build a new office campus in the country.
Prosecutors said Friday that the information technology giant’s former president, Gordon Coburn, and ex-chief legal officer, Steven Schwartz, were charged in a 12-count indictment unsealed in New Jersey.
They allege Coburn and Schwartz authorized the bribes and concealed it by having a third-party construction company make the payment.
LISBON, Portugal (AP) — A conservative party in Portugal’s parliament is issuing a no-confidence vote in the minority Socialist government, but the motion is likely to fail because left-of-center parties are expected to join together against it.
The Popular Party announced Friday it’s taking the step to protest the government’s handling of public services, especially health, education and police, and its failure to negotiate agreements with public workers.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are higher on Wall Street at midday after Chinese and U.S. officials agreed to continue trade talks in Washington next week.
Investors are again weighing quarterly results from major U.S. companies. Newell shares are plunging 19 percent after saying the loss of retailer Babies R Us is hurting sales.
Nvidia is up 3.4 percent after the chipmaker’s fourth-quarter profit and outlook for the current year beat Wall Street forecasts.