Latest Business News

Keystone XL company moves to condemn South Dakota land

Aug. 20, 2018 2:28 PM EDT

BUFFALO, S.D. (AP) — The company planning the Keystone XL oil pipeline is moving to condemn private land in South Dakota. TransCanada Corp. has filed eminent domain petitions in state court against parcels of Harding County land owned by two families, The Rapid City Journal reported . At least one family...

Silicon Valley vet to head women's advocacy group Catalyst

Aug. 20, 2018 1:46 PM EDT

NEW YORK (AP) — A former Silicon Valley CEO is taking the helm of a prominent organization dedicated to the promotion of women in the workplace, saying the #MeToo era is a "fantastic time" to champion gender equality. Lorraine Hariton becomes CEO of the group Catalyst at time when sexual misconduct...

Retailers, airlines lead US stocks mostly higher

Aug. 20, 2018 1:43 PM EDT

U.S. stocks moved higher in afternoon trading Monday, on course to extend the market's gains from last week. Investors were bidding up shares in big department store chains and other consumer services companies. Industrial stocks also rose, led by airlines. Energy companies climbed along with the price of U.S....

How to reset retirement plans to weather a downturn

Aug. 20, 2018 1:31 PM EDT

The older the current bull market gets, the more stories you're likely to read about how this is an awful time to retire. Yes, we're due for a correction that trims 20 percent or more from stock values. That could be a big problem for people taking withdrawals from investment portfolios, since market losses early...

Report: Experts knew Genoa bridge had weakened 20 percent

Aug. 20, 2018 12:46 PM EDT

GENOA, Italy (AP) — Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge's strength by 20 percent — a finding that came months before it collapsed last week, an Italian newsmagazine reported Monday. Despite the...

Pilot suspended over threat to Oklahoma transgender student

Aug. 20, 2018 12:30 PM EDT

OKLAHOMA CITY (AP) — Frontier Airlines says it has suspended a pilot accused of threatening on Facebook to harm a 12-year-old transgender girl for using the girls bathroom at her Oklahoma school. Frontier spokesman Jonathan Freed said in a statement Monday that the pilot was suspended Aug. 13 pending an...

Markets Right Now: Stocks move higher on Wall Street

Aug. 20, 2018 12:03 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. U.S. stock indexes gave up some of an early gain and are mostly higher in midday trading. Investors bid up shares in big department store chains and industrial companies Monday, adding to the market's gains from...

Venezuelans nervously await dramatic economic reforms

Aug. 20, 2018 11:39 AM EDT

CARACAS, Venezuela (AP) — Venezuela on Monday began to launch dramatic reforms announced by President Nicolas Maduro to rescue a downward-spiraling economy, including a new currency and a more-than-3,000 percent hike in the minimum wage. The changes start with the introduction of a currency that lops five...

Fourth quarter looking good for small, independent retailers

Aug. 20, 2018 11:38 AM EDT

NEW YORK (AP) — The latest retail sales report from the government augurs well for small and independent retailers for the fourth quarter, with one possible snag: the impact of trade tariffs. Overall retail sales rose 6.4 percent in July from a year ago, and sales from non-store retailers, which include...

German minister declares nation's bridges safe and reliable

Aug. 20, 2018 11:28 AM EDT

BERLIN (AP) — Germany's transport minister says the country has reliable procedures for checking bridges "that I trust and citizens can trust too." Andreas Scheuer told the weekly Bild am Sonntag that while the recent deadly bridge collapse in the Italian port of Genoa was grounds for reflection "I am not...