Latest Business News

FILE - In this Feb. 2, 2020 file photograph, the company logo sits on an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Shares of Tesla Inc. fell 4% in early trading Thursday, Feb. 13, after the electric vehicle and solar panel maker said it would sell more than $2 billion worth of additional shares. The move comes just two weeks after CEO Elon Musk said the company had enough cash to fund its capital programs and it didn't need to raise any more money. (AP Photo/David Zalubowski, File)

German court halts site preparation for Tesla factory

Feb. 16, 2020 4:28 PM EST

A German court has temporarily halted the site preparation for Tesla Inc.'s first electric car factory in Europe. The Higher Administrative Court for Berlin-Brandenburg ordered Tesla to stop clearing trees on the wooded site near Berlin until it considers an environmental group's appeal. In a statement Sunday,...

New York attorney general drops T-Mobile-Sprint challenge

Feb. 16, 2020 4:16 PM EST

NEW YORK (AP) — New York's attorney general said Sunday the state will not appeal a judge's decision approving the merger of T-Mobile and Sprint. Attorney General Letitia James and California Attorney General Xavier Becerra led a coalition of 14 attorneys general who sued to stop T-Mobile's purchase of...

FILE - In this Nov. 1, 2018 file photo, Cavaliers owner and Quicken Loans founder and Chairman Dan Gilbert speaks at a news conference announcing the 2022 NBA All -Star game, in Cleveland. Gilbert is slowly returning to work eight months after suffering a stroke. The 58-year-old entrepreneur returned to his Detroit office early this year. In an interview with Crain's Detroit Business, he said he spends one or two days a week in his office, using a wheelchair and accompanied by a service dog. (AP Photo/Tony Dejak, File)

Quicken Loans founder Gilbert back to work after stroke

Feb. 16, 2020 2:45 PM EST

DETROIT (AP) — Quicken Loans founder and Chairman Dan Gilbert is slowly returning to work eight months after suffering a stroke. Gilbert, 58, returned to his Detroit office early this year. He's there one or two days a week, using a wheelchair and accompanied by a service dog named Cowboy. He also spends...

In this undated image provided by Facebook Stan Chudnovsky, the vice president of Messenger at Facebook, poses for a photo. Chudnovsky heads the messaging app that's used by more than 1.3 billion people each month and recently spoke to the AP about his work and views on privacy. (Facebook via AP)

Insider Q&A: Facebook VP of Messenger discusses privacy

Feb. 16, 2020 1:00 PM EST

SAN FRANCISCO (AP) — At Facebook, Stan Chudnovsky oversees the Messenger chat app that's used by well over 1 billion people each month. He's playing a key role in helping Facebook integrate that app with its other chat tools, WhatsApp and Instagram Direct. The massive project has already gotten pushback...

In this Feb. 6, 2020, photo, a Clean Colorado highway sign sponsored by the Northern Lights Cannabis Co. is displayed on eastbound 6th Avenue west of Sheridan Blvd. in Denver. (Andy Cross/The Denver Post via AP)

Pot shops turn to highway sponsor signs amid strict ad rules

Feb. 16, 2020 10:29 AM EST

DENVER (AP) — Cannabis companies are using a loophole in Colorado's strict limits on marijuana advertising by sponsoring state highways and putting their names on roadside signs. Currently, 51 cannabis dispensaries, cultivators, manufacturers and edible producers sponsor roadways throughout the state,...

FILE- In this Oct. 6, 2015 file photo, Ursula Burns speaks at the Eighth Annual John Wooden Global Leadership Award Dinner in Beverly Hills, Calif. Burns, a trailblazer among African American women in the business world, wants to help make sure that the stories of other pioneering women like her are not forgotten. The HistoryMakers, an oral archive that's recorded the stories of more than 3,300 African Americans over the last 20 years, has launched The WomanMakers initiative with a $1 million gift from Burns, the former head of Xerox. (Photo by Matt Sayles/Invision for UCLA Anderson/AP Images, File)

$1 million grant goes to record black women's histories

Feb. 16, 2020 10:04 AM EST

NEW YORK (AP) — A trailblazer among black women in the business world wants to help make sure that the stories of other pioneering women like her are not forgotten. The HistoryMakers, an oral archive that's recorded the stories of more than 3,300 African Americans, launched The WomanMakers initiative...

In this photo taken Tuesday, Feb. 11, 2020, a woman walks past Lunar New Year decor and shuttered bars at a retail district in Beijing, China. Millions of Chinese workers and entrepreneurs are bearing the rising costs of an anti-virus campaign that has shut down large sections of the economy. The government has imposed restrictions nationwide that have stalled travel and sales of real estate and autos. (AP Photo/Ng Han Guan)

Cost of China's anti-virus fight rises with workers idle

Feb. 15, 2020 9:28 PM EST

BEIJING (AP) — Real estate agent Du Xuekun’s sales usually jump after the Lunar New Year holiday. But this year, Du has been at home for a month with no income after vast swathes of China’s economy were shut down in a sweeping effort to contain a virus outbreak. Du, who lives in Jiaozhuo,...

Former arms company engineer pleads guilty to weapons count

Feb. 15, 2020 6:20 PM EST

TUCSON, Ariz. (AP) — A naturalized U.S. citizen from China who worked for 10 years for a Raytheon Corp. subsidiary as an electrical engineer has pleaded guilty to a federal arms exportation charge. Wei Sun pleaded guilty Friday in U.S. District Court in Tucson, where Raytheon Missile Systems has a large...

Missouri farm awarded $265M in suit against BASF and Bayer

Feb. 15, 2020 3:12 PM EST

CAPE GIRARDEAU, Mo. (AP) — A jury on Saturday awarded $265 million in punitive damages to a southeastern Missouri peach farmer who argued that weedkiller dicamba that had drifted onto his orchards from other farms had severely damaged his trees — an award that could bode well for other farmers suing...

Vegas police decry restaurant denying officers service

Feb. 15, 2020 2:11 PM EST

LAS VEGAS (AP) — Two on-duty Las Vegas police officers were refused service at a restaurant during their lunch break but the action by one employee has been disavowed by the business, the police department said. The corporation that owns the The Lodge tells police that the action Thursday by one employee...