Business News

AP Top Business News at 11:02 p.m. EDT

Senate GOP unveils 'Obamacare' overhaul, but not all aboard
WASHINGTON (AP) -- Senate Republicans launched their plan for shriveling Barack Obama's health care law Thursday, edging a step closer to their dream of repeal with a bill that would slice and reshape Medicaid for the poor, relax rules on insurers and end tax increases on higher earners that have helped finance expanded coverage for millions....

The Latest: Medical groups find fault with Senate plan
WASHINGTON (AP) -- The Latest on Senate Republicans' health care bill (all times local):...

Asian shares flat as weak oil prices weigh on investors
HONG KONG (AP) -- Asian shares are ending the week on a subdued note with most indexes little changed Friday as the price of oil halted its decline, while still hovering near its lowest level in almost a year....

Scientist gets time served for theft of military documents
HARTFORD, Conn. (AP) -- A scientist who pleaded guilty to taking sensitive documents from a Connecticut military contractor to his native China was sentenced on Thursday to 2 1/2 years in prison he has already served....

Qatar Airways seeks stake in American in 'puzzling' move
DALLAS (AP) -- Qatar Airways wants to buy 10 percent of American Airlines, a move cloaked so heavily in international trade and politics that American's CEO finds it puzzling....

Ex-detainees: Detention center's practices border on slavery
DENVER (AP) -- Every day, immigrants are told to clean their living areas in a privately run Colorado detention center or risk being put in solitary confinement. Some also volunteer to do jobs as varied as landscaping, more cleaning and cutting other inmates' hair, but the pay is always the same - $1 a day....

Chinese automaker buys stake in Malaysia's Proton
KUALA LUMPUR, Malaysia (AP) -- The Chinese owner of Sweden's Volvo Cars says it has signed the final contract to buy a stake in Malaysian automaker Proton, gaining a platform to expand in Southeast Asia....

Uber knew fired exec had info at center of Google theft case
SAN FRANCISCO (AP) -- Uber acknowledged hiring a former Google engineer - now accused of stealing self-driving car technology - despite having received warnings that he was still carrying around some of his former employer's property....

Facebook wants to nudge you into 'meaningful' online groups
SAN FRANCISCO (AP) -- At Facebook, mere "sharing" is getting old. Finding deeper meaning in online communities is the next big thing....

Fed: Biggest US banks strong enough to withstand recession
WASHINGTON (AP) -- All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday....

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