Latest Business News

AP Exclusive: Guaido's Citgo snubs US execs in Caracas jail

Mar. 22, 2019 1:25 PM EDT

BOGOTA, Colombia (AP) — When the Trump administration paved the way for Venezuelan opposition leader Juan Guaido to name a new board to run the U.S. affiliate of Venezuela's state oil company, it was a rare glimmer of hope for the American families of six oil executives jailed for over a year without a...

Crews work to clear Texas tank while avoiding another leak

Mar. 22, 2019 1:15 PM EDT

HOUSTON (AP) — The company that operates a petrochemical tank farm near Houston where a dayslong fire damaged several tanks says it's working to remove flammable product without allowing dangerous emissions to again escape into the air. Brent Weber with Intercontinental Terminals Company said during a news...

EU leaders postpone decision on 2050 climate goal

Mar. 22, 2019 1:15 PM EDT

BRUSSELS (AP) — European Union leaders on Friday pushed back a decision on the bloc's long-term efforts to fight climate change, with some countries opposing a pledge to end most emissions of greenhouse gases by 2050. Leaders meeting in Brussels agreed to discuss the issue again at their next gathering in...

Treasury grants further relief on IRS withholding penalties

Mar. 22, 2019 1:14 PM EDT

WASHINGTON (AP) — The Treasury Department announced Friday that it is expanding again the relief it grants taxpayers who had too little in income taxes withheld from their paychecks in the first year of a sweeping tax overhaul. Treasury said that taxpayers will be able to avoid penalties for paying too...

Papa John's scores Shaq to help revive its image

Mar. 22, 2019 1:12 PM EDT

NEW YORK (AP) — Papa John's has a new pitchman: Shaquille O'Neal. The chain says basketball Hall of Famer will appear on TV commercials and promote Papa John's in other ways. He will also join the company's board of directors and invest in nine of its restaurants in the Atlanta area. Papa John's is trying...

Trump to nominate Stephen Moore for Federal Reserve board

Mar. 22, 2019 1:07 PM EDT

WASHINGTON (AP) — President Donald Trump said Friday that he will nominate Stephen Moore, a conservative economic analyst, to fill a vacancy on the Federal Reserve's seven-member board. Moore served as an economic adviser to Trump during the 2016 presidential campaign, helping to draft Trump's tax cut...

Venezuela is key topic between Trump and Caribbean leaders

Mar. 22, 2019 1:03 PM EDT

PALM BEACH, Fla. (AP) — The political and economic crisis in Venezuela tops the agenda of President Donald Trump's meeting Friday with leaders from the Caribbean, a region that has been far from united in joining the U.S. call for the ouster of President Nicolas Maduro. Trump is hosting the leaders of...

Indonesian airline wants to cancel Boeing order after crash

Mar. 22, 2019 1:01 PM EDT

JAKARTA, Indonesia (AP) — In a blow for Boeing, Indonesia's flag carrier is seeking the cancellation of a multibillion dollar order for 49 of the manufacturer's 737 Max 8 jets, citing a loss of confidence after two crashes in the past six months. It is the first announcement of a cancellation since...

Trump adds $3.7B in support to finish 2 new nuclear reactors

Mar. 22, 2019 12:56 PM EDT

SAVANNAH, Ga. (AP) — Energy Secretary Rick Perry announced Friday that the Trump administration has finalized $3.7 billion in new loan guarantees to support completion of the first new U.S. commercial nuclear reactors in a generation, calling the expansion of nuclear energy "the real" Green New Deal. The...

GM announces jobs, electric vehicle after Trump criticism

Mar. 22, 2019 12:44 PM EDT

ORION TOWNSHIP, Mich. (AP) — Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant in Orion...