Global Glance: France threatens ‘no’ to US-EU trade zone, Election makes small business owners wary

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Here are today’s top business headlines from across the nation and world:

France threatens ‘no’ to US-EU trade zone, amid new tensions

PARIS (AP) — France is threatening to reject a huge free trade deal between the U.S. and the European Union, saying it’s too friendly to U.S. business and probably doomed. Signs of trouble are dogging the creation of a Trans-Atlantic Trade and Investment Partnership, a U.S.-EU free trade zone encompassing half the world economy. Read more

Survey: Upcoming election makes small business owners wary

NEW YORK (AP) — Uncertainty about the approaching presidential election is leading small business owners to take a wait-and-see approach to the economy and their companies, a survey published Tuesday shows. Read more

Q&A: Puerto Rico’s debt crisis, what it means for muni bonds

NEW YORK (AP) — Puerto Rico’s worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors. Gov. Alejandro Garcia Padilla said Monday Puerto Rico did not make a debt payment of nearly $370 million and called on Congress to help restore the island’s legal ability to restructure its debt or a much more significant default could occur July 1. Read more

EU trims economic growth forecasts amid global uncertainty

BRUSSELS (AP) — The European Union has trimmed its economic growth forecasts for the 19 countries that share the euro amid an unpredictable global outlook marked by political uncertainty and weakness in emerging markets. Although the eurozone economy saw surprisingly high growth in the first quarter, when it regained the size it was before the 2008 financial crisis, EU Commissioner Pierre Moscovici said the recovery “remains uneven.” Read more

Trucks, SUVs push Fiat Chrysler to 6 percent April sales jump

DETROIT (AP) — The truck and SUV boom continued last month, propelling Fiat Chrysler to a 6 percent sales increase and its best April in more than a decade.

The Italian-American automaker says it sold almost 200,000 vehicles last month, led by a 17 percent increase in sales of Jeep SUVs. Read more

CVS Health beats Wall Street expectations

NEW YORK (AP) — Specialty drugs and retail expansions boosted CVS Health’s first-quarter revenue by 18.9 percent, helping to offset higher costs and push results above Wall Street expectations. The nation’s second-largest drugstore chain also confirmed its full-year profit outlook, though second-quarter forecasts are short of expectations. Read more

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