Latest Business News

Musk tells newspaper he's cracking under stress of Tesla job

Aug. 17, 2018 10:32 AM EDT

What do you do when your CEO confesses that he's cracking under the stress of his job? That's the question that the nine board members of electric car and solar panel maker Tesla Inc. must answer after Elon Musk, the company's impulsive leader, admitted to The New York Times that work is rattling his nerves in...

Greek bailout ends, but Europe's debt problem goes on

Aug. 17, 2018 10:22 AM EDT

FRANKFURT, Germany (AP) — Greece officially completes its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and following an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the...

Birth control app highlights emerging health tech market

Aug. 17, 2018 10:20 AM EDT

LONDON (AP) — The condom, the pill and now, the smartphone? Natural Cycles, a mobile fertility app, this month became the first ever digital contraceptive device to win FDA marketing approval. Women take their temperatures and track their menstrual cycle on the app, which uses an algorithm to determine...

Getting personal: US, Turkish leaders feud over arrest

Aug. 17, 2018 10:13 AM EDT

ANKARA, Turkey (AP) — A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate...

US stocks dip following weak forecasts from chip companies

Aug. 17, 2018 10:09 AM EDT

NEW YORK (AP) — U.S. stocks are mostly lower Friday morning as chipmakers slide, leading losses for technology companies. Energy companies are rising with oil prices. Tesla is falling further on reports of a growing government investigation into the company. KEEPING SCORE: The S&P 500 index slipped 1...

Benjamin Smith is new CEO of Air France-KLM, unions worried

Aug. 17, 2018 10:07 AM EDT

PARIS (AP) — Air France-KLM has named Benjamin Smith, formerly a top executive at Air Canada, as its new CEO, sparking union fears Friday that he would cut back on wages and work conditions. The company announced Thursday that Smith, 46, who was previously Air Canada's chief operating officer, will fill...

Tesla shares drop 6 percent after reports of widening SEC probe and amid questions of CEO Musk's ability to run company

Aug. 17, 2018 9:48 AM EDT
NEW YORK (AP) — Tesla shares drop 6 percent after reports of widening SEC probe and amid questions of CEO Musk's ability to run company .

Markets Right Now: Stocks open lower on Wall Street

Aug. 17, 2018 9:41 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening mostly lower on Wall Street, following a big gain the day before, after several companies issued weak earnings or forecasts. Chipmakers Applied Materials and Nvidia both fell sharply in early...

The Latest: Tesla shares fall as Musk says stress takes toll

Aug. 17, 2018 9:39 AM EDT

NEW YORK (AP) — The Latest on Tesla CEO Elon Musk (all times local): 9:35 a.m. Tesla shares are falling as investors deal with another surprising development surrounding CEO Elon Musk. Musk admitted in an interview with The New York Times that stress is taking a heavy toll on him. The company has been...

Survivor, shaken, describes plunge off bridge in Italy

Aug. 17, 2018 9:36 AM EDT

GENOA, Italy (AP) — One survivor of the Genoa bridge collapse was in his car as it plunged 45 meters (150 feet) to the ground along with falling sections of highway and concrete. He says he immediately understood that the structure was collapsing. "It came down, everything, the world came down," said...