AP Business

Egypt approves law to govern popular ride-hailing apps

Mon, 05/07/2018 - 15:35
CAIRO (AP) -- Egypt's parliament has approved a law to govern popular ride-hailing apps Uber and Careem after the companies appealed a court ruling that revoked their licenses....

Report: Millions of tweets spread anti-Semitic messages

Mon, 05/07/2018 - 14:45
Millions of anti-Semitic messages on Twitter have spread negative stereotypes and conspiracy theories about Jews across the social media platform, according to a report Monday by the Anti-Defamation League....

The Latest: Warren Buffett says economy remains strong

Mon, 05/07/2018 - 14:16
OMAHA, Neb. (AP) -- The Latest on investor Warren Buffett's comments on investing and other topics (all times local):...

Macron's 1st year: World fame, Trump hugs, French anger

Mon, 05/07/2018 - 13:50
PARIS (AP) -- In just one year as France's president, Emmanuel Macron has emerged as a key world player, speaking up for Europe and Western democratic values and striking a surprise friendship with Donald Trump. But Macron has made his biggest impact - and his biggest enemies - at home....

Nestle to sell Starbucks products in $7B deal

Mon, 05/07/2018 - 13:05
SEATTLE (AP) -- Nestle has entered into an agreement to bring Starbucks products to millions of homes worldwide....

Cloud computing, artificial intelligence on Microsoft agenda

Mon, 05/07/2018 - 09:26
SEATTLE (AP) -- Microsoft's annual Build conference for software developers kicks off on Monday, giving the company an opportunity to offer updates on its computing platforms and services....

Average price of US gas jumps 7 cents, to $2.90 a gallon

Sun, 05/06/2018 - 20:15
CAMARILLO, Calif. (AP) -- The average price of regular-grade gasoline in the U.S. rose 7 cents a gallon over the past two weeks to $2.90, the 10th week straight of increases....

VW board eyes damage claims against former CEO Winterkorn

Sun, 05/06/2018 - 17:36
BERLIN (AP) -- Former Volkswagen CEO Martin Winterkorn may never see the inside of a courtroom in the United States in connection with the company's diesel emissions scandal. But his legal troubles are far from over....

Lobster prices high, but dropping as summer approaches

Sun, 05/06/2018 - 16:08
PORTLAND, Maine (AP) -- Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the summer haul gets going....

VW board eyes damage claims against former CEO Winterkorn

Sun, 05/06/2018 - 11:15
BERLIN (AP) -- A VW spokesman says the German automaker's supervisory board is checking whether it can demand damage claims from former VW CEO Martin Winterkorn in connection with the company's diesel emissions cheating scandal....

Billions on the line for firms as Trump weighs Iran pullout

Sun, 05/06/2018 - 08:50
DUBAI, United Arab Emirates (AP) -- From airplanes to oilfields, billions of dollars are on the line for international corporations as President Donald Trump weighs whether to pull America out of Iran's nuclear deal with world powers....

US firms, debt could be China's targets if US plays hardball

Sun, 05/06/2018 - 04:24
BEIJING (AP) -- In a looming trade war between the world's two largest economies, American companies in China may have a bull's-eye on their backs....

'Infinity War' to set record, fastest to surpass $1 billion

Sun, 05/06/2018 - 00:32
NEW YORK (AP) -- "Avengers: Infinity War" is poised to set a record for fastest film to rake in $1 billion in business....

Glencore cancels proposed sale of stake in Russian oil co.

Sat, 05/05/2018 - 23:57
BAAR, Switzerland (AP) -- Commodities giant Glencore says it is terminating a proposed deal to sell nearly all its stake in Russian oil company Rosneft to a Chinese energy company....

Warren Buffett deflects questions about a successor

Sat, 05/05/2018 - 23:46
OMAHA, Neb. (AP) -- Billionaire Warren Buffett deflected questions about his eventual successor at Berkshire Hathaway on Saturday, and encouraged the thousands of people at his annual meeting to focus more on big picture investing principles than day-to-day events....

Police: Sedan that collided with Waymo vehicle ran red light

Sat, 05/05/2018 - 23:26
CHANDLER, Ariz. (AP) -- A driver whose sedan collided with a self-driving vehicle owned by Waymo has been cited for running a red light, police in a Phoenix suburb said Saturday....

The Latest: Buffett doesn't expect US trade war with China

Sat, 05/05/2018 - 19:13
OMAHA, Neb. (AP) -- The Latest on Berkshire Hathaway's annual shareholder meeting on Saturday (all times local):...

The Latest: Buffett says Wells Fargo is cleaning up its act

Sat, 05/05/2018 - 17:59
OMAHA, Neb. (AP) -- The Latest on Berkshire Hathaway's annual shareholder meeting on Saturday (all times local):...

The Latest: Rescuers in Poland find 2 coal miners alive

Sat, 05/05/2018 - 17:07
WARSAW, Poland (AP) -- The Latest on missing coal miners in Poland (all times local):...

Thousands party at Paris protest to show anger at Macron

Sat, 05/05/2018 - 17:05
PARIS (AP) -- Under the close watch of French police, thousands of protesters in Paris danced, picnicked and railed against President Emmanuel Macron at a "party" marking his first year in office....

Warren Buffett spending day fielding shareholder questions

Sat, 05/05/2018 - 16:37
OMAHA, Neb. (AP) -- Investor Warren Buffett will spend the day fielding questions at Berkshire Hathaway's annual meeting before a crowd of tens of thousands of people....

Buffett's company reports a $1.1B 1Q loss on paper losses

Sat, 05/05/2018 - 15:35
OMAHA, Neb. (AP) -- Berkshire Hathaway Inc. on Saturday reported a $1.1 billion first-quarter loss as new accounting rules forced it to change the way it accounts for the value of its investments....

7 miners missing in Poland after tremor hits coal mine

Sat, 05/05/2018 - 15:19
WARSAW, Poland (AP) -- Four coal miners were rescued but seven others are missing after a tremor struck a mine in southern Poland, a spokeswoman for a coal mining company said Saturday....

7 miners missing in Poland after tremor hits coal mine

Sat, 05/05/2018 - 14:49
WARSAW, Poland (AP) -- A spokeswoman for a coal mining company says seven miners are missing after a tremor occurred at a mine in southern Poland....

2,000 French police on streets for anti-Macron protest

Sat, 05/05/2018 - 11:46
PARIS (AP) -- Paris police are deploying in large numbers and activists are calling for calm as the French capital prepares for a mass protest on the anniversary of President Emmanuel Macro's inauguration....

Waymo self-driving car hit in collision on Arizona street

Sat, 05/05/2018 - 07:18
CHANDLER, Ariz. (AP) -- Police in a Phoenix suburb are investigating a collision involving a self-driving vehicle owned by Waymo....

3 top figures at Denver Post, including former owner, quit

Sat, 05/05/2018 - 06:53
DENVER (AP) -- Three top figures at The Denver Post, including its former owner, resigned Friday amid budget and staff cuts made by the newspaper's New York-based hedge fund owners....

Trump exit from Iran nuclear deal enters uncharted territory

Sat, 05/05/2018 - 06:20
WASHINGTON (AP) -- It's not as simple as just saying "we're out" of the Iran nuclear deal....

3 top figures at Denver Post, including former owner, quit

Sat, 05/05/2018 - 06:10
DENVER (AP) -- Three top figures at The Denver Post, including its former owner, have resigned amid budget and staff cuts made by the newspaper's hedge fund owners....

Wells Fargo agrees to pay $480M to settle shareholder suits

Sat, 05/05/2018 - 01:14
SAN FRANCISCO (AP) -- Wells Fargo said Friday it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices....

Just right: Fed official says US living 'Goldilocks' economy

Sat, 05/05/2018 - 00:31
WASHINGTON (AP) -- With steady growth, low unemployment and tame inflation, the U.S. is experiencing a "Goldilocks" economy: Not too hot. Not too cold. But just right....

Wells Fargo agrees to pay $480M to settle shareholder suits

Sat, 05/05/2018 - 00:27
SAN FRANCISCO (AP) -- Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices....

Just right: Fed official says US living 'Goldilocks' economy

Sat, 05/05/2018 - 00:17
WASHINGTON (AP) -- With steady growth, low unemployment and tame inflation, the U.S. is experiencing a "Goldilocks" economy: Not too hot. Not too cold. But just right....

Why Wall Street's worried about Tesla

Fri, 05/04/2018 - 23:17
Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for electric cars has also earned him a faithful following....

Why Wall Street's worried about Tesla

Fri, 05/04/2018 - 23:01
Elon Musk's track record for technological feats as chief of SpaceX has turned skeptics into believers in everything from his quest to open space travel to Mars to his desire to build a tunnel for high-speed travel between New York and Washington. As Tesla's CEO, his ambitious vision for electric cars has also earned him a faithful following....

California now world's 5th largest economy, surpassing UK

Fri, 05/04/2018 - 22:20
SACRAMENTO, Calif. (AP) -- California's economy has surpassed that of the United Kingdom to become the world's fifth largest, according to new federal data made public Friday....

Police: Flight attendant accused of bad behavior was drunk

Fri, 05/04/2018 - 22:13
WILLISTON, N.D. (AP) -- Authorities say a flight attendant accused of disrupting a flight from Denver to North Dakota was drunk....

The Latest: Trump pleads with NRA voters to vote this fall

Fri, 05/04/2018 - 21:19
WASHINGTON (AP) -- The Latest on President Donald Trump and the National Rifle Association (all times local):...

How to pick a new password, now that Twitter wants one

Fri, 05/04/2018 - 21:17
NEW YORK (AP) -- There are some simple ways to come up with a good password, now that Twitter is asking all users to change theirs....

The Latest: Trump tells NRA supporters he's got their backs

Fri, 05/04/2018 - 21:03
WASHINGTON (AP) -- The Latest on President Donald Trump and the National Rifle Association (all times local):...

Tesla's Musk defends comments made during conference call

Fri, 05/04/2018 - 20:47
NEW YORK (AP) -- Tesla CEO Elon Musk is going on the defensive Friday in a series of tweets, saying the people he shut down during a contentious conference call were analysts who believe investors could profit by betting that the company's stock price will fall....

The Latest: Pence speaks at NRA convention in Dallas

Fri, 05/04/2018 - 20:30
WASHINGTON (AP) -- The Latest on President Donald Trump and the National Rifle Association (all times local):...

Drug epidemic ensnares 25-year-old pill for nerve pain

Fri, 05/04/2018 - 17:27
WASHINGTON (AP) -- The story line sounds familiar: a popular pain drug becomes a new way to get high as prescribing by doctors soars....

Tesla's Musk defends comments made during conference call

Fri, 05/04/2018 - 17:19
Tesla CEO Elon Musk is going on the defensive in a series of tweets, saying the people he shut down during a contentious conference call were analysts who believe investors could profit by betting that the company's stock price will fall....

Drug epidemic ensnares 25-year-old pill for nerve pain

Fri, 05/04/2018 - 17:19
WASHINGTON (AP) -- State and federal health officials are grappling with a new drug of abuse....

US head fund wrests Telecom Italia control from Vivendi

Fri, 05/04/2018 - 17:12
ROZZANO, Italy (AP) -- French media group Vivendi lost management control of Telecom Italia on Friday when a U.S. activist hedge fund won a majority of seats on the former state monopoly's board in a dramatic shareholders' showdown that also raised questions about the government's role....

Buffett's firm buys 75 million more Apple shares in 1Q

Fri, 05/04/2018 - 16:55
OMAHA, Neb. (AP) -- Warren Buffett's company bought 75 million more Apple shares in the first quarter, giving it more than 240 million shares of the iPhone maker....

Tesla's Musk defends comments made during conference call

Fri, 05/04/2018 - 15:49
Tesla CEO Elon Musk is going on the defensive in a series of tweets, saying the people he shut down during a contentious conference call were "sell-side analysts who represent a short seller thesis, not investors."...

Allianz to stop insuring coal plants, phase out investments

Fri, 05/04/2018 - 15:49
BERLIN (AP) -- Allianz says it will stop insuring coal-fired power plants and coal mines as part of its contribution to combating climate change....

2 investors reach deal to buy NYC's historic Plaza Hotel

Fri, 05/04/2018 - 13:43
NEW YORK (AP) -- Two investors have reached a deal to buy a majority share of New York City's historic Plaza Hotel for $600 million....

US hedge fund in showdown with Vivendi over Telecom Italia

Fri, 05/04/2018 - 13:26
ROZZANO, Italy (AP) -- Telecom Italia shareholders vote Friday whether the activist hedge fund Elliott Management has the power to revamp the board against the controlling stakeholder, French entertainment group Vivendi, in a dramatic showdown that will determine the future of the former Italian monopoly....

Newell Brands sheds Waddington as it refocuses

Fri, 05/04/2018 - 13:11
HOBOKEN, N.J. (AP) -- Newell Brands is selling its disposable cups and cutlery business to Novolex Holdings as it simplifies and refocuses the goals of the massive consumer products company....

BMW earnings push higher on sales of 5-Series, X1 SUV

Fri, 05/04/2018 - 11:27
FRANKFURT, Germany (AP) -- German automaker BMW AG saw first-quarter net profit rise slightly from an already high level as sales strengthened across all regions and the company's 5-Series sedan and X1 sport-utility logged double-digit increases....

Waste landslide at Myanmar jade mining site kills 14

Fri, 05/04/2018 - 11:17
BANGKOK (AP) -- A landslide of a mound of mining waste has killed at least 14 people in northern Myanmar's jade mining region....

The Latest: China says US side to raise ZTE case with Trump

Fri, 05/04/2018 - 10:55
BEIJING (AP) -- The Latest on China-U.S. trade talks in Beijing (all times local):...

BMW earnings push higher on sales of 5-Series, X1 SUV

Fri, 05/04/2018 - 08:18
FRANKFURT, Germany (AP) -- German automaker BMW AG saw first-quarter net profit rise slightly from an already high level as sales of its 5-Series sedan and X1 sport-utility logged double-digit increases....

Denver Post editorial page editor resigns amid staff cuts

Fri, 05/04/2018 - 07:50
DENVER (AP) -- The Denver Post editor who oversaw an editorial critical of budget and staff cuts made by the newspaper's New York-based hedge fund owners said he resigned Thursday after another piece critical of the company was rejected....

Trump to address NRA amid national gun control movement

Fri, 05/04/2018 - 07:25
WASHINGTON (AP) -- President Donald Trump is set to address the National Rifle Association just two months after declaring that he would stand up to the powerful gun lobby following a deadly school shooting in Parkland, Florida....

Denver Post editorial page editor resigns amid staff cuts

Fri, 05/04/2018 - 05:32
DENVER (AP) -- The Denver Post editor who oversaw an editorial critical of budget and staff cuts made by the newspaper's New York-based hedge fund owners said he resigned Thursday after another piece critical of the company was rejected....

Casino workers want sex harassment policy to include guests

Fri, 05/04/2018 - 04:00
LAS VEGAS (AP) -- Casino industry representatives and workers told Nevada gambling regulators Thursday that their initial policy draft proposal to address sexual harassment in the workplace needs more work....

Trump's NRA address comes after zigzag on gun-control policy

Fri, 05/04/2018 - 02:29
WASHINGTON (AP) -- Back for a return engagement, President Donald Trump's address to the National Rifle Association on Friday comes after he temporarily strayed from the group's strong opposition to tougher gun controls following the school shooting in Parkland, Florida - only to rapidly return to the fold....

Trump's NRA address comes after zigzag on gun-control policy

Fri, 05/04/2018 - 02:24
WASHINGTON (AP) -- President Donald Trump's address to the National Rifle Association comes after he temporarily strayed from the group's anti-gun-control mission following the Parkland, Florida, school shooting, only to rapidly return to the fold....

Tesla not the first stock to fall after disastrous call

Fri, 05/04/2018 - 01:02
Elon Musk says he doesn't care if day traders sell their Tesla stock. Now those words are pinching his net worth....

Judge orders Jay-Z to explain why he's dodging a subpoena

Fri, 05/04/2018 - 00:25
NEW YORK (AP) -- Jay-Z must explain why he's dodging a subpoena rather than answering questions related to a financial investigation of a consumer brand company that bought his Rocawear clothing line, a judge says....

US indictment alleges top VW exec knew of emissions cheating

Thu, 05/03/2018 - 23:55
DETROIT (AP) -- A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn on charges stemming from the company's diesel emissions cheating scandal in a plot that prosecutors allege reached the top of the world's largest automaker....

Judge: New York condo can vote to remove 'Trump Place' name

Thu, 05/03/2018 - 23:36
NEW YORK (AP) -- The name "Trump Place" can be taken off a New York condominium high-rise if owners vote to do so, a judge ruled Thursday....

Tesla not the first stock to fall after disastrous call

Thu, 05/03/2018 - 23:28
Elon Musk says he doesn't care if day traders sell their Tesla stock. Now those words are pinching his net worth....

Tesla CEO's peculiar conduct causes angst on Wall Street

Thu, 05/03/2018 - 23:18
DETROIT (AP) -- Elon Musk's quirky behavior has long been chalked up to that of a misunderstood genius. But never have his actions caused so much angst on Wall Street....

Judge orders Jay-Z to explain why he's dodging a subpoena

Thu, 05/03/2018 - 23:18
NEW YORK (AP) -- A New York judge says Jay-Z must explain why he's dodging a subpoena rather than answering questions related to a probe of a consumer brand company....

Tesla CEO's peculiar conduct causes angst on Wall Street

Thu, 05/03/2018 - 23:08
DETROIT (AP) -- Elon Musk has long been known for his quirky behavior but never have his actions caused so much angst on Wall Street....

Twitter finds security bug, advises changing passwords

Thu, 05/03/2018 - 23:08
SAN FRANCISCO (AP) -- Twitter is advising all users to change their passwords....

California governor warns against trade war with China

Thu, 05/03/2018 - 22:50
BEVERLY HILLS, Calif. (AP) -- California Gov. Jerry Brown on Thursday urged greater cooperation with China to resolve a trade dispute, while taking an apparent swipe at President Donald Trump....

Utz recalls some tortilla chips over possible milk allergen

Thu, 05/03/2018 - 22:45
HANOVER, Pa. (AP) -- Pennsylvania-based chips and snack food maker Utz is recalling some of its tortilla chips because they may contain milk....

Former VW CEO indicted in emissions cheating case

Thu, 05/03/2018 - 22:32
DETROIT (AP) -- A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn on charges stemming from the company's diesel emissions cheating scandal....

Appeals court reverses conviction of ex-Wall Street trader

Thu, 05/03/2018 - 22:17
NEW YORK (AP) -- A former Wall Street trader can be released from prison after he was improperly convicted of fraud, an appeals court said Thursday, the second time the court has overturned a conviction against him....

Judge: New York condo can vote to remove 'Trump Place' name

Thu, 05/03/2018 - 21:43
NEW YORK (AP) -- A judge says condominium owners in a New York high-rise called "Trump Place" can stop displaying the name licensed from President Donald Trump nearly two decades ago....

Robot fast-food chefs: Hype or a sign of industry change?

Thu, 05/03/2018 - 21:35
BOSTON (AP) -- Robots can't yet bake a souffle or fold a burrito, but they can cook up vegetables and grains and spout them into a bowl - and are doing just that at a new fast casual restaurant in Boston....

Bill Gates pumps $158 million into push to combat US poverty

Thu, 05/03/2018 - 21:13
SEATTLE (AP) -- Bill Gates launched a new fight against systemic poverty in the U.S., with his private foundation on Thursday announcing millions of dollars toward initiatives ranging from data projects to funding for community activists....

Ex-Wilmington Trust officials convicted of fraud, conspiracy

Thu, 05/03/2018 - 20:54
WILMINGTON, Del. (AP) -- Four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program have been convicted on fraud and conspiracy charges....

Keeping what's yours: Fund investing has never been cheaper

Thu, 05/03/2018 - 19:33
NEW YORK (AP) -- Being cheap pays off when it comes to fund investing, and more investors are heeding the call....

Robot fast-food chefs: Hype or a sign of industry change?

Thu, 05/03/2018 - 19:33
BOSTON (AP) -- Robots can't yet bake a souffle or fold a burrito, but a new restaurant in Boston is employing what it calls a "never-before-seen robotic kitchen" to cook up ingredients and spout them into a bowl....

Keeping what's yours: Fund investing has never been cheaper

Thu, 05/03/2018 - 17:25
NEW YORK (AP) -- Being cheap pays off when it comes to fund investing, and more investors are heeding the call....

Buffett's mortgage companies found to cater to white clients

Thu, 05/03/2018 - 17:19
Trident Mortgage Co. helps more families buy homes in Philadelphia and neighboring Camden, New Jersey, than any other company, but it primarily serves one demographic: white people....

Q&A: Cambridge Analytica's bankruptcy won't halt probes

Thu, 05/03/2018 - 17:12
LONDON (AP) -- The company at the center of the Facebook privacy scandal, political consultancy Cambridge Analytica, is going out of business. But that doesn't mean those behind the entity will escape the scrutiny of regulators....

EU to give young people free train tickets to explore Europe

Thu, 05/03/2018 - 16:48
BRUSSELS (AP) -- The European Union is convinced it has found a new way for young people to fall in love with the continent - free train rides....

Saudi Arabia opens second movie theater with region's Vox

Thu, 05/03/2018 - 16:46
DUBAI, United Arab Emirates (AP) -- Saudi Arabia opened its second movie theater this week with tickets expected to go on sale to the public this weekend....

'John Madden Football' scores spot in World Video Game hall

Thu, 05/03/2018 - 16:39
ROCHESTER, N.Y. (AP) -- The World Video Game Hall of Fame has inducted "John Madden Football," a giant of the multibillion-dollar industry the early video game helped launch, and "Spacewar!," a college student creation from 1962....

Berlin's much-delayed 'ghost airport' plans expansion

Thu, 05/03/2018 - 16:37
BERLIN (AP) -- It hasn't handled a single passenger yet, but Berlin's much-delayed airport is already planning to grow....

Greek island on strike to protest migrant policy

Thu, 05/03/2018 - 16:28
LESBOS, Greece (AP) -- A general strike virtually shut down the Greek island of Lesbos on Thursday as residents protested a European Union migration policy that has left thousands of asylum-seekers stranded here....

Appeals court reverses conviction of ex-Wall Street trader

Thu, 05/03/2018 - 16:17
NEW YORK (AP) -- An appeals court in New York says a former Wall Street trader can be released from prison because he was improperly convicted of taking advantage of a government bailout program....

Hard Rock hires 3,000th worker for Atlantic City casino

Thu, 05/03/2018 - 16:11
ATLANTIC CITY, N.J. (AP) -- Atlantic City's Hard Rock Casino is staffing up before its opening next month....

Open up more than the books with your financial adviser

Thu, 05/03/2018 - 16:04
You found a good financial planner to help you manage money and achieve your goals. Congratulations, that's a big step....

Miners in South Africa settle with firms over lung diseases

Thu, 05/03/2018 - 16:02
JOHANNESBURG (AP) -- Lawyers for gold miners in South Africa who got lung diseases while working underground over many decades have reached a compensation agreement in their class action lawsuit against mining companies....

Tesla drops in premarket after Musk lets loose on call

Thu, 05/03/2018 - 14:43
Tesla's shares are tumbling before the market open Thursday after the electric vehicle maker posted a record first-quarter loss and its CEO got testy at times during a conference call....

China congratulates North Korea's Kim on reducing tensions

Thu, 05/03/2018 - 13:36
BEIJING (AP) -- China's foreign minister congratulated North Korean leader Kim Jong Un on Thursday on his moves to reduce tensions with South Korea, China said. Their meeting in Pyongyang underscored warming ties and Beijing's desire to remain a key player in the Korean Peninsula peace process....

China congratulates North Korea's Kim on reducing tensions

Thu, 05/03/2018 - 12:19
BEIJING (AP) -- China's foreign minister congratulated North Korean leader Kim Jong Un on Thursday on his moves to reduce tensions with South Korea, China said. Their meeting in Pyongyang underscored warming ties and Beijing's desire to remain a key player in the Korean Peninsula peace process....

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