Latest Business News

Huge lightning storms in UK disrupt travel at London airport

May. 27, 2018 5:17 AM EDT

LONDON (AP) — British meteorologists say up to 20,000 lightning strikes hit the U.K. during a powerful overnight thunderstorm, and a London-area airport is reporting flight disruptions after an aircraft refueling system was damaged. London Stansted Airport said Sunday that a lightning strike had rendered...

Court: Gov't violated privacy law for defrauded students

May. 26, 2018 6:52 PM EDT

WASHINGTON (AP) — A federal court has ruled that the Education Department violated privacy laws with regard to students defrauded by the Corinthian for-profit college chain. In a break with Obama administration policy, Education Secretary Betsy DeVos announced in December that some students cheated by the...

Empty stores, shuttered gas posts in Brazil truckers' strike

May. 26, 2018 4:46 PM EDT

RIO DE JANEIRO (AP) — A truckers' strike in Brazil left a patchwork of empty gas stations and barren supermarket shelves Saturday as drivers appeared unmoved by the government's threats to use force or fine people who didn't comply. Police forces conducted operations to clear blocked roads and military...

Thousands across France protest Macron's 'brutal' policies

May. 26, 2018 3:17 PM EDT

PARIS (AP) — Thousands of protesters marched under tight security in eastern Paris on Saturday after French labor unions, left-wing political parties and civil rights groups called for "floods of people" to oppose the pro-business policies of President Emmanuel Macron. Marches and rallies were also held in...

Pint-sized Rhode Island taps into regional craft beer boom

May. 26, 2018 2:39 PM EDT

PROVIDENCE, R.I. (AP) — Vermont produces more craft beer per capita than any other state. Maine ranks third for breweries per capita nationwide. Boston has beer gardens across from City Hall and under an expressway. But as the high renaissance of craft beer in New England has thrived, Rhode Island has...

Amid anti-immigrant sentiment, some Spanish speakers wary

May. 26, 2018 2:14 PM EDT

PHOENIX (AP) — Until recently, Lilly Mucarsel has spoken Spanish just about everywhere since arriving in the United States from Ecuador three decades ago: at the library, the movies, the grocery store. She raised three daughters who also speak Spanish and are passing on the tradition to her American-born...

APNewsBreak: Tesla in Autopilot mode sped up before crashing

May. 26, 2018 11:25 AM EDT

SALT LAKE CITY (AP) — A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press. Two people were injured. Data from the Model S electric vehicle show it picked up speed...

PepsiCo's Nooyi, Ventas's Cafaro among top-paid female CEOs

May. 26, 2018 10:01 AM EDT

Here are the 10 highest-paid female CEOs for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The AP's compensation study covered 339 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their respective companies, which filed proxy...

The highest-paid CEOs by state

May. 26, 2018 10:01 AM EDT

Here are the top-paid CEOs by state for 2017, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered only publicly traded companies with more than $1 billion in revenue that filed their proxy statements with federal regulators between Jan. 1 and April 30. Not every state...

How AP and Equilar calculated CEO pay

May. 26, 2018 10:01 AM EDT

For its annual analysis of CEO pay, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 339 executives. Equilar looked at companies in the Standard & Poor's 500 index that filed proxy statements with federal regulators...