Latest Business News

MLB goes swoosh; Nike logos on upper right chest of jerseys

Dec. 10, 2019 8:10 PM EST

SAN DIEGO (AP) — Baseball is going swoosh. Nike’s logo will be on the upper right chest of Major League Baseball jerseys this year, a far a more prominent position than the Majestic Athletic logo previously on sleeves. A 10-year agreement announced last January replaced a deal announced in December...

Amid climate change concern, GM rolls out big new Chevy SUVs

Dec. 10, 2019 8:01 PM EST

MILFORD, Mich. (AP) — Global concerns about climate change are not stopping General Motors from making hulking SUVs for U.S. drivers. GM on Tuesday rolled out the next generation of its big truck-based SUVs with more space and features. They're also heavier with only a small improvement in gas mileage. The...

Michigan townships, company reach deal over contamination

Dec. 10, 2019 8:00 PM EST

PLAINFIELD TOWNSHIP, Mich. (AP) — Two western Michigan townships reached a tentative settlement with a footwear company in a federal lawsuit over contaminated water, officials announced Tuesday. The tentative deal between Plainfield and Algoma townships and Wolverine World Wide calls for the company to pay...

Chevron will write down assets by at least $10 billion

Dec. 10, 2019 7:04 PM EST

SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...

Testing tech ideas in public? San Francisco says get permit

Dec. 10, 2019 6:52 PM EST

SAN FRANCISCO (AP) — Tired of San Francisco streets being used as a testing ground for the latest delivery technology and transportation apps, city leaders are now requiring businesses to get permits before trying out new high-tech ideas in public. Supporters of the legislation, which the Board of...

NFL, NCAA football fuel Fox TV's win of the prime-time week

Dec. 10, 2019 6:35 PM EST

LOS ANGELES (AP) — Fueled by both college and pro football, Fox won a rare title as champ of the broadcast week among networks. Fox's Thursday night NFL airing of the Dallas Cowboys and Chicago Bears was the week's top show of any kind with 18.23 million viewers, and its broadcast of the Big 10 title game...

Democrats, White House forge new North American trade deal

Dec. 10, 2019 6:08 PM EST

WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers. They...

Airbus beats Boeing again in aircraft orders and deliveries

Dec. 10, 2019 5:52 PM EST

Boeing's grounded 737 Max got a boost from two orders in November, but the American aircraft company continues to trail Europe's Airbus in both orders and deliveries of airline planes. Boeing disclosed Tuesday that it received 11 net orders in November — 63 new orders but 52 cancellations. Turkey's...

Exxon Mobil prevails in lawsuit over climate regulations

Dec. 10, 2019 5:39 PM EST

NEW YORK (AP) — Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't prove the...

Loophole limited scrutiny before deadly NYC helicopter crash

Dec. 10, 2019 5:37 PM EST

NEW YORK (AP) — The helicopter company whose doors-off flight crashed in a New York City river last year, trapping all five passengers in their harnesses, exploited a regulatory loophole to avoid stricter safety requirements, federal investigators said Tuesday. FlyNYON operated under the...