Latest Business News

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 16, 2019 2:22 PM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

The Latest: UK's May wins vote to keep job, Brexit chaos

Jan. 16, 2019 2:21 PM EST

LONDON (AP) — The Latest on Brexit (all times local): 7:20 p.m. British Prime Minister Theresa May's government has survived a no-confidence vote called after May's Brexit deal was overwhelmingly rejected by lawmakers. The House of Commons expressed confidence in the government by 325 votes to 306, meaning...

The Latest: Widower stunned by allegations against doctor

Jan. 16, 2019 2:18 PM EST

COLUMBUS, Ohio (AP) — The Latest on wrongful death lawsuits filed against an Ohio doctor accused of ordering potentially fatal doses of pain medicine to near-death hospital patients (all times local): 2:20 p.m. An Ohio man says he was stunned to learn of allegations that his wife's hospital death last year...

Kia to recall vehicles to fix problem that can cause fires

Jan. 16, 2019 2:17 PM EST

DETROIT (AP) — Kia says it will ignore the partial U.S. government shutdown and recall more than 68,000 vehicles to fix a fuel pipe problem that can cause engine fires. The problem stems from previous recall repairs due to engine failures. The Korean automaker also says it will do a "product improvement...

Gov. Cuomo: NY must go 100 percent clean energy by 2040

Jan. 16, 2019 2:16 PM EST

ALBANY, N.Y. (AP) — New York would adopt the most aggressive clean energy goal of any state under a plan from Gov. Andrew Cuomo that calls for 100 percent renewable energy by 2040. The Democrat says the state can wean itself off of fossil fuels by relying on wind, solar, hydroelectric and nuclear power....

May government faces no-confidence vote after Brexit defeat

Jan. 16, 2019 2:10 PM EST

LONDON (AP) — British Prime Minister Theresa May defied calls to resign as she faced a no-confidence vote Wednesday, a day after Parliament rejected her Brexit deal by a historic margin and unleashed a power struggle over control of Britain's planned withdrawal from the European Union. May was battling to...

Fed survey finds businesses worried by political uncertainty

Jan. 16, 2019 2:06 PM EST

WASHINGTON (AP) — The Federal Reserve says business contacts in many regions of the country expressed less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the country, the Fed says that...

Senate upholds Treasury decision to ease Russian sanctions

Jan. 16, 2019 2:05 PM EST

WASHINGTON (AP) — The Senate has narrowly upheld a Treasury Department decision to lift sanctions from three companies connected to Russian oligarch Oleg Deripaska. A vote to move forward on a Democratic resolution that would have reversed Treasury's decision failed Wednesday on a 57-42 vote, just short of...

Missouri Supreme Court: Health provider must pay woman $29M

Jan. 16, 2019 2:00 PM EST

SPRINGFIELD, Mo. (AP) — A Missouri health provider will have to pay tens of millions of dollars to a former patient with a rare disease after the state's Supreme Court rejected the hospital's appeal. The Springfield News-Leader reports that the high court ruled Tuesday that Mercy Clinic Springfield...

$22B purchase of First Data creates uncertainty for workers

Jan. 16, 2019 1:59 PM EST

OMAHA, Neb. (AP) — The $22 billion sale of First Data to Fiserv raises questions about the future of First Data's roughly 5,000 employees in Omaha. The companies announced the all-stock deal Wednesday. First Data, based in New York, says it facilitates $2.4 trillion in transactions each year. The company...