Latest Business News

The Latest: UK leader's allies issue threats over Brexit

Oct. 15, 2018 4:54 AM EDT

LUXEMBOURG (AP) — The Latest on Brexit negotiations (all times local): 10:50 a.m. British Prime Minister Theresa May is facing a Brexit crisis, with her political allies insisting they will scuttle a divorce deal with the European Union over the issue of the Irish border. The Democratic Unionist Party is...

EU, UK see Brexit deal soon but not at this week's summit

Oct. 15, 2018 4:42 AM EDT

LUXEMBOURG (AP) — European Union and British foreign ministers expressed cautious optimism Monday that a deal on Britain's departure from the bloc will be found soon but virtually ruled out any Brexit agreement at a crunch summit this week. Talks between the two sides on Sunday failed to bridge important...

Sears files for Chapter 11 amid plunging sales, massive debt

Oct. 15, 2018 4:34 AM EDT

NEW YORK (AP) — Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Sears once dominated the American retail landscape. But the big question is whether the shrunken version of itself can be viable or will it be forced to go out of business,...

Global stocks slip on continuing global trade worries

Oct. 15, 2018 4:15 AM EDT

TOKYO (AP) — Global stocks slipped Monday as investor worries continued about global trade tensions and prospects for economic growth. KEEPING SCORE: France's CAC 40 lost 0.3 percent in early trading to 5,079.25, while Britain's FTSE 100 was down less than 0.1 percent at 6,995.44. U.S. shares were also set...

Overextended: Why schools rush to extend coach contracts

Oct. 15, 2018 3:11 AM EDT

Coming off a division title that included a victory against its archrival, Auburn faced the prospect of losing its coach. Who knows whether Gus Malzahn really wanted to return to his home state and become the head football coach at Arkansas, another SEC school, but Auburn's leadership decided it did not want to...

Sears through the years: from watch seller to tower builder

Oct. 15, 2018 2:05 AM EDT

NEW YORK (AP) — Sears, which got its start as a watch seller more than 130 years ago, grew to become one of the world's largest retailers. But today, the company Chapter 11. A look at Sears through the years: 1886 — Richard Sears starts the R.W. Sears Watch Co. in Minneapolis. 1888 — The...

Japan raises concerns over Pacific's debt to China

Oct. 15, 2018 1:51 AM EDT

WELLINGTON, New Zealand (AP) — Japan's foreign minister raised concerns Monday about the high levels of debt accrued by some Pacific Island nations and said his country wants to help resolve the problem. Foreign Minister Taro Kono made the comments while visiting New Zealand, where he met with his...

Swan song for an American icon? Sears files for Chapter 11 bankruptcy protection.

Oct. 15, 2018 1:25 AM EDT
NEW YORK (AP) — Swan song for an American icon? Sears files for Chapter 11 bankruptcy protection.

This Week: Netflix earns, Fed minutes, existing home sales

Oct. 15, 2018 1:05 AM EDT

A look at some of the key business events and economic indicators upcoming this week: CAUSE FOR CONCERN? Wall Street expects another solid quarterly snapshot from Netflix. Financial analysts predict the video streaming service will report Tuesday that its third-quarter earnings and revenue increased versus a year...

Study: Without Medicaid expansion, poor forgo medical care

Oct. 15, 2018 12:54 AM EDT

WASHINGTON (AP) — Low-income people in states that haven't expanded Medicaid are much more likely to forgo needed medical care than the poor in other states, according to a government report due out Monday amid election debates from Georgia to Utah over coverage for the needy. The nonpartisan Government...