Latest Business News

Atlantic City casinos’ 3rd-quarter profits up from year ago

Nov. 22, 2019 3:02 PM EST

ATLANTIC CITY, N.J. (AP) — Atlantic City’s nine casinos saw their collective gross operating profits increase by 12.5% in the third quarter of this year compared with the same period last year. The comparison was boosted by two new casinos that opened last summer doing much better in the third...

Health groups urge Trump to move ahead with e-cig flavor ban

Nov. 22, 2019 2:59 PM EST

WASHINGTON (AP) — Health advocates are encouraging President Donald Trump to move forward with a federal ban on thousands of flavors used in e-cigarettes. Trump is meeting at the White House on Friday with medical experts, health advocates and industry representatives on the problem of underage vaping....

UK party leaders grilled by wary voters on Brexit and more

Nov. 22, 2019 2:45 PM EST

LONDON (AP) — Britain’s Dec. 12 vote has been dubbed the “Brexit election,” dominated by the country’s stalled exit from the European Union. But political parties are also trying to win over voters more worried about the U.K.’s stuttering economy and frayed social fabric....

US regulators bar govt telecom funds for Huawei, ZTE

Nov. 22, 2019 2:29 PM EST

U.S. communications regulators have cut off government funding for equipment from two Chinese companies, citing security threats. The Federal Communications Commission also proposed requiring companies that get government subsidies to rip out any equipment from Huawei and ZTE that they already have in place....

Washington state deals setback to massive methanol plant

Nov. 22, 2019 2:28 PM EST

SEATTLE (AP) — Washington state dealt a setback Friday to efforts to build one of the world’s biggest methanol plants on the Columbia River, saying that five years in, its backers had failed to provide enough information about its greenhouse gas emissions and how they would be offset. The $2 billion...

Mexican Congress approves budget after protests

Nov. 22, 2019 2:23 PM EST

MEXICO CITY (AP) — Mexico’s lower house of Congress approved the 2020 federal budget Friday in an all-night meeting at a convention center after protests and blockades by farm groups surrounding the Congress building. The protests were sparked by President Andres Manuel Lopez Obrador’s policy...

Correction: Mortgage Rates story

Nov. 22, 2019 2:12 PM EST

WASHINGTON (AP) — In a story Nov. 21 about U.S. mortgage rates, The Associated Press reported erroneously that a year ago, the 30-year rate was at 3.81%. It was at 4.81%. A corrected version of the story is below: US mortgage rates fell this week, boosting housing market US mortgage rates fell this week,...

Michigan halts sale of marijuana vape products, orders tests

Nov. 22, 2019 2:07 PM EST

LANSING, Mich. (AP) — Michigan has temporarily halted the sale of marijuana products intended for vaping so that they can be tested for a compound linked to lung illnesses. The Marijuana Regulatory Agency issued the emergency rules Friday. They prohibit licensed medical and recreational marijuana...

Amazon pulls skin-lightening products off site amid pushback

Nov. 22, 2019 1:55 PM EST

ST. PAUL, Minn. (AP) — Amazon has pulled more than a dozen skin-lightening products with dangerous mercury levels off its website after pushback from Minnesota public-health and environmental activists. The Seattle-based company’s change came after the BeautyWell Project and the Sierra Club’s...

Airbnb COO Johnson stepping down from post, to join board

Nov. 22, 2019 1:51 PM EST

SAN FRANCISCO (AP) — Airbnb’s Chief Operating Officer Belinda Johnson is stepping down from her post but will join the company board. CEO Brian Chesky said Friday that Johnson was the first executive he hired for Airbnb. She’s worked for the business since 2011 and he said she can return as...