Latest Business News

Feds inspected Illinois chemical plant weeks before blast

Jun. 15, 2021 11:00 AM EDT

A northern Illinois chemical plant that was rocked by an explosion and massive fires that prompted evacuations was inspected by a federal agency less than a month before the blast sent debris raining down onto nearby areas. Inspectors from the U.S. Labor Department’s...

Airbus-Boeing deal still leaves other US-EU rifts unresolved

Jun. 15, 2021 10:59 AM EDT

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease trans-Atlantic tensions. And it will allow the two sides to focus on...

Senate plan would probe assets of Ohio food stamp recipients

Jun. 15, 2021 10:49 AM EDT

COLUMBUS, Ohio (AP) — Ohioans receiving food stamps would have to undergo a new “asset test” that measures total worth, including the value of cars owned by anyone in a household, under a provision in the Senate's version of the state's upcoming two-year budget. The...

UK watchdog examines Apple-Google mobile system control

Jun. 15, 2021 10:47 AM EDT

LONDON (AP) — U.K. competition regulators are looking into Apple and Google smartphone operating systems, app stores and browsers, over concern that the control of "mobile ecosystems" by the two tech giants is harming consumers. The Competition and Markets Authority on...

Report: Trouble connecting rail cars before worker death

Jun. 15, 2021 10:46 AM EDT

NEWINGTON, N.H. (AP) — Five attempts were made to connect two rail cars during a switching operation before a Pan Am Railways conductor was pinned between them and died, according to a preliminary report issued Tuesday by the National Transportation Safety Board. ...

May retail sales fell 1.3% as Americans spend less on goods

Jun. 15, 2021 10:44 AM EDT

NEW YORK (AP) — Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods. Total sales dropped a seasonal adjusted 1.3% in May from the month before, the U.S. Commerce...

Editorial Roundup: Kansas

Jun. 15, 2021 10:42 AM EDT

Topeka Capital-Journal. June 11, 2021. Editorial: Many are in a needless panic about critical race theory. Legislators must instead stand up for common sense. Moral panics don’t produce good policy. Neither does banning things. ...

Longtime Sandia Labs airline safety research center moving

Jun. 15, 2021 10:41 AM EDT

ALBUQUERQUE, N.M. (AP) — A decades-old program at Sandia National Laboratories that focused on new innovations in airplane inspection will be taking flight elsewhere. The Albuquerque-based weapons research and development facility announced Tuesday that the Federal...

US industrial production up 0.8% in May, factory output 0.9%

Jun. 15, 2021 10:40 AM EDT

WASHINGTON (AP) — Surging output of cars, trucks and auto parts pulled U.S. factory production up 0.9% in May. Adding utilities and mines, overall U.S. industrial production climbed 0.8% in May from April, the Federal Reserve reported Tuesday. Auto...

New owners try to get Bally's Atlantic City back in the game

Jun. 15, 2021 10:34 AM EDT

ATLANTIC CITY, N.J. (AP) — Phil Juliano was looking at Bally's casino through rose-colored glass. Or more accurately, rose-colored glass flecked with jarringly out-of-place blue squares. Walking along the Boardwalk in Atlantic City, he looked up at the glass-encased...