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Top US CEOs rethink the meaning of shareholder value

Aug. 19, 2019 2:10 PM EDT

The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. A new principles on the role of a corporation released Monday implies a foundational shift, putting shareholders on more equal footing with others...

Technology companies drive a broad rally on Wall Street

Aug. 19, 2019 1:35 PM EDT

Tech companies pushed stocks broadly higher on Wall Street Monday afternoon as the market added to solid gains from a rally late last week. The surge in technology stocks followed a decision by the U.S. to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Chipmakers...

Trade war's losers could include microchips, energy, banks

Aug. 18, 2019 11:58 AM EDT

NEW YORK (AP) — Looking across the stock market, it's hard to find a company that isn't vulnerable in some degree to the U.S.-China trade war. Stocks of companies that do lots of business with China, such as chipmakers and other technology companies, are obvious candidates for investors to sell when trade...

Mayor: Officials waited days to warn of lake chemical spill

Aug. 16, 2019 3:32 PM EDT

PORTAGE, Ind. (AP) — An Indiana mayor accused state environmental officials Friday of waiting several days before notifying his city about a steel mill's spill of cyanide and another chemical that led to a fish kill and prompted the closure of beaches along Lake Michigan. Portage Mayor John Cannon said the...

Coast Guard reports oil spill in southern Louisiana

Aug. 16, 2019 1:43 PM EDT

NEW ORLEANS (AP) — An oil spill has been spotted near an estimated 200-foot (61-meter) by 600-foot (183-meter) area of marshland near Plaquemines Parish in southern Louisiana. In a news release, the Coast Guard said late Thursday that OMI Environmental Solutions has put out about 300 feet (91 meters) of...

Newark fights push for more bottled water amid lead troubles

Aug. 15, 2019 6:49 PM EDT

NEWARK, N.J. (AP) — New Jersey's largest city faced off in court Thursday against an environmental group seeking to force officials to expand the distribution of bottled water to more residents facing potentially high lead levels. The arguments in federal court came days after the U.S. Environmental...

Hong Kong police: not aware of any military plans by China

Aug. 15, 2019 10:48 AM EDT

HONG KONG (AP) — Three senior Hong Kong police officers said Thursday that they are not aware of any plans for Chinese forces to join efforts to quell mass demonstrations in the territory, as images this week showed paramilitary exercises in a neighboring mainland city. The officers added that they are...

Walmart delivers big in 2Q

Aug. 15, 2019 10:47 AM EDT

NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...

Leaders say love will triumph over hate after El Paso attack

Aug. 15, 2019 3:12 AM EDT

EL PASO, Texas (AP) — Leaders from both sides of the U.S.-Mexico border told thousands of people gathered in a baseball stadium in El Paso Wednesday that love will triumph over hatred in the wake of a mass shooting by a man who authorities believe targeted Mexicans at a Walmart store in the Texas border...

FDA approves TB pill that cures more hard-to-treat patients

Aug. 14, 2019 4:52 PM EDT

TRENTON, N.J. (AP) — U.S. regulators Wednesday approved a new tuberculosis medicine that shortens and improves treatment for the hardest-to-treat cases, a worsening problem in many poor countries. It's the first TB drug from a nonprofit group, the TB Alliance. Formed to come up with better treatments, the...