Latest Business News

The Latest: Slow progress in talks as GM strike in 3rd day

Sep. 18, 2019 8:47 AM EDT

DETROIT (AP) — The Latest on the United Auto Workers union's strike that has crippled U.S. production at General Motors (all times local): 8 a.m. Union and company bargainers are making progress toward a new contract as a strike by United Auto Workers brought 33 General Motors factories to a halt continued...

Bangladesh's leading cellphone companies in legal tussle

Sep. 18, 2019 8:47 AM EDT

DHAKA, Bangladesh (AP) — Bangladesh's two leading cellphone companies are negotiating with a regulator over claims of nearly $1.5 billion in unpaid taxes as they face a possible loss of their licenses amid a legal battle that could hurt investor confidence. The Bangladesh Telecommunication Regulatory...

Paris tests new bubble-shaped water taxi

Sep. 18, 2019 8:42 AM EDT

PARIS (AP) — Paris is testing out a new form of travel: an eco-friendly bubble-shaped taxi that zips along the water up and down the Seine River. Organizers are holding test runs this week on the white, oval-shaped electric hydrofoil boats that resemble tiny space shuttles gliding past Paris monuments....

US home building climbs 12.3% in August to 12-year high

Sep. 18, 2019 8:33 AM EDT

WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building. The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, most since June 2007 and up from a revised 1.22 million,...

Surge in apartment construction lifts US home building 12.3% in August to highest level since June 2007

Sep. 18, 2019 8:32 AM EDT
WASHINGTON (AP) — Surge in apartment construction lifts US home building 12.3% in August to highest level since June 2007.

Slow progress reported in talks as GM strike enters 3rd day

Sep. 18, 2019 8:29 AM EDT

DETROIT (AP) — Union and company bargainers are making progress toward a new contract as a strike by United Auto Workers brought 33 General Motors factories to a halt continued into its third day. Committees working on thorny issues such as wages, health insurance costs, use of temporary workers, and new...

UK blocks aerospace takeover by US investor over security

Sep. 18, 2019 8:29 AM EDT

LONDON (AP) — The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether it affects national security. Business Secretary Andrea Leadsom said Wednesday that the competition watchdog would look into the security implications of the sale of...

Stocks mixed ahead of Fed, oil dips on Saudi output recovery

Sep. 18, 2019 8:24 AM EDT

BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...

Spain leader asks for bigger Socialist win to break deadlock

Sep. 18, 2019 8:19 AM EDT

BARCELONA, Spain (AP) — Spain's acting prime minister asked voters Wednesday for an even bigger victory for his Socialist party after his failure to form a government triggered a new election in November. Pedro Sánchez told opposition parties in parliament that "when we will be forced back to the...

The Latest: NY Fed enters overnight lending markets, again

Sep. 18, 2019 8:17 AM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 8:15 a.m. For the second time in as many days, the Federal Reserve Bank of New York is stepping in to free up billions of dollars to avert spiking overnight borrowing costs. The New York Fed on Tuesday infused...