Latest Business News

FILE - This July 21, 2012, file photo shows signage at the corporate headquarters of Equifax Inc. in Atlanta. The deadline to seek cash payments and claim free services as part of Equifax's $700 million settlement over a massive data breach is Wednesday, Jan. 22, 2020. (AP Photo/Mike Stewart, File)

Wednesday is deadline for claims in 2017 Equifax data breach

Jan. 22, 2020 1:17 PM EST

NEW YORK (AP) — Wednesday is the deadline to seek cash payments and claim free services as part of Equifax's $700 million settlement over a massive data breach. The breach in 2017, affecting 147 million people, was one of the largest ever to threaten private information. The compromised data included...

Express to close 100 stores

Jan. 22, 2020 1:07 PM EST

NEW YORK (AP) — Express, a staple in US malls, will close about 100 stores as part of a restructuring plan as the chain grapples with drastic changes in where people spend their shopping dollars. The retailer that caters to younger shoppers said earlier this month that it was laying of 10% of the staff at...

Washington company settles disability discrimination claim

Jan. 22, 2020 1:06 PM EST

BELLINGHAM, Wash. (AP) — A Washington state construction company is expected to pay $100,000 and train employees to settle a federal disability discrimination lawsuit. The U.S. Equal Employment Opportunity Commission announced the settlement Tuesday with Diamond B Constructors Inc. and Harris Companies,...

French Finance Minister Bruno Le Maire, left, and European Trade Commissioner Phil Hogan attend a media conference after their meeting in Paris, Tuesday, Jan. 7, 2020. The talks are focused on U.S. tariffs on French wine and other goods. (AP Photo/Michel Euler)

US-French tax truce a respite in tense relations with EU

Jan. 22, 2020 1:06 PM EST

DAVOS, Switzerland (AP) — France will delay its tax on big tech firms like Google and Facebook in exchange for the United States's promise to hold off retaliatory tariffs — a potential sign of goodwill in the U.S. and European Union's increasingly tense relations over trade. After U.S. President...

Passengers wearing masks walk by as a quarantine officer, center, monitors a thermography during a quarantine inspection at Kansai international airport in Osaka, western Japan, Wednesday, Jan. 22, 2020. Chinese health authorities urged people in the city of Wuhan to avoid crowds and public gatherings after warning on Wednesday that a new viral illness infecting hundreds of people in the country. Japan, South Korea, the United States and Taiwan have all reported one case each. All of the illnesses were of people from Wuhan or who recently had traveled there. (Kota Endo/Kyodo News via AP)

China virus outbreak may wallop economy, financial markets

Jan. 22, 2020 1:05 PM EST

BANGKOK (AP) — News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum. Health authorities across Asia have been stepping up surveillance and...

New Jersey law now requires severance pay for mass layoffs

Jan. 22, 2020 12:54 PM EST

TRENTON, N.J. (AP) — New Jersey has become the first state to guarantee severance pay for mass layoffs, according to the bill's sponsors and the governor's office. Gov. Phil Murphy, a Democrat, signed legislation Tuesday that requires companies with 100 or more full-time employees to pay them a week's pay...

FILE - In this April 28, 2015, file photo, a man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco. A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago. (AP Photo/Jeff Chiu, File)

Judge orders Microsoft to release tax records in IRS dispute

Jan. 22, 2020 12:45 PM EST

SEATTLE (AP) — A federal judge says it's likely that Microsoft was trying to avoid or evade paying U.S. taxes and is ordering the company to hand over financial documents from more than a decade ago. The Internal Revenue Service has been seeking the documents as part of a long-running investigation into...

FILE - In this Nov. 10, 2019, file photo the company logo shines off the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla will be able to sell and service its vehicles in the back yard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The settlement between the office of Michigan Attorney General Dana Nessel and Tesla is likely to be announced Wednesday, Jan. 22, 2020, says the person who asked not to be identified because terms of the deal haven’t been made public. (AP Photo/David Zalubowski, File)

Michigan lifts barriers to Tesla sales, settling lawsuit

Jan. 22, 2020 12:39 PM EST

DETROIT (AP) — Michigan has cleared the way for Tesla to sell more electric vehicles in the state and get them serviced under a deal filed Wednesday that settles a lawsuit by the automaker. It won't be as simple as Tesla opening a dealership on a corner lot. But consumers at least won't have to leave...

Jo Trizila, left, President and CEO of Trizcom Public Relations, listens to Ann Littmann during a staff meetings at Trizila's offices in Dallas, Tuesday, Jan. 21, 2020. The recent flu outbreak can really impact small businesses with small staffs and hurt a company's productivity. Some owners, like Trizila, are trying to mitigate the damage so the flu will not become a nightmare when they're trying to get clients' work done. (AP Photo/LM Otero)

Hand sanitizers, flu shots _ businesses' defense against flu

Jan. 22, 2020 12:31 PM EST

NEW YORK (AP) — As this winter's flu outbreak intensifies, small business owners try to keep their companies from being overwhelmed by employee absences. At Gold Medal Wine Club, any surfaces people are likely to touch, including the coffee machine, water dispenser and door knobs, are wiped down and...

Scaled-back plan proposed to save St. Louis streetcar line

Jan. 22, 2020 12:28 PM EST

ST. LOUIS (AP) — The agency that operates the St. Louis area's mass transit system has scaled back its plan to take over a streetcar line that shut down last month because of financial problems. Bi-State Development CEO Taulby Roach told the St. Louis County Council on Tuesday that the Loop Trolley system...