Latest Business News

Jakarta's 1st subway to ease frustration, sweat and fumes

Mar. 18, 2019 8:29 PM EDT

JAKARTA, Indonesia (AP) — Commuting in Indonesia's gridlocked capital will for some involve less frustration, sweat and fumes when its first subway line opens later this month. The line is the latest of infrastructure improvements nationwide that officials hope will help the giant but laggard nation catch...

AP source: Justice Dept. probing development of Boeing jets

Mar. 18, 2019 8:23 PM EDT

WASHINGTON (AP) — U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in the crash of an Ethiopian Airlines Max 8 last week and a Lion Air jet in...

Ex-Peru president arrested in California for drunkenness

Mar. 18, 2019 8:23 PM EDT

SAN FRANCISCO (AP) — Former Peruvian President Alejandro Toledo, wanted in his home country in connection with Latin America's biggest graft scandal, was arrested in California on suspicion of public intoxication and spent the night in jail before being released Monday, authorities said. Toledo is accused...

Putin visits Crimea to mark 5th anniversary of annexation

Mar. 18, 2019 7:10 PM EDT

MOSCOW (AP) — President Vladimir Putin led thousands to chant "Russia!" on a visit Monday to Crimea marking the fifth anniversary of the Black Sea peninsula's annexation from Ukraine, as NATO and the European Union once again strongly condemned the land grab by Russia. Speaking at an outdoor concert in...

Alan Krueger, noted economist who served Obama, has died

Mar. 18, 2019 5:40 PM EDT

Alan Krueger, a groundbreaking Princeton University economist who served as a top adviser in two Democratic administrations and was an authority on the labor market, has died, according to a statement from the university Monday. The economist took his own life during the weekend, according to a separate statement...

The Latest: Ex-Peru president brushes off detention queries

Mar. 18, 2019 5:25 PM EDT

REDWOOD CITY, California (AP) — The Latest on the public drunkenness arrest of Peru's former president (all times local): 2:20 p.m. Former Peruvian president Alejandro Toledo brushed off questions about his arrest on suspicion of public drunkenness during a radio interview. Toledo also declined to discuss...

How major US stock indexes fared Monday

Mar. 18, 2019 5:05 PM EDT

Stocks managed to post modest gains on Wall Street Monday after charging ahead in a solid rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest of the market. On...

Energy companies lead modest gains for US stock indexes

Mar. 18, 2019 5:04 PM EDT

U.S. stock indexes finished modestly higher Monday, extending the market's solid gains from a rally last week. Energy companies notched the biggest gains after the price of U.S. crude oil closed above $59 a barrel for the first time since November. Smaller company stocks fared better than the rest of the market....

Lyft opens its IPO road show, to offer more than 30M shares

Mar. 18, 2019 4:57 PM EDT

NEW YORK (AP) — Lyft officially kicked off the road show for its initial public offering, saying Monday it plans to put more than 30 million shares up for sale with an anticipated price of between $62 and $68 per share. That would raise more than $2 billion for the San Francisco ride-hailing company,...

Poll: Losing Amazon second HQ deal was bad for New York

Mar. 18, 2019 4:41 PM EDT

ALBANY, N.Y. (AP) — Most voters in New York think it was bad for the state when Amazon dropped plans to put a second headquarters in Queens and many think U.S. Rep. Alexandria Ocasio-Cortez bears blame for the deal falling through, according to a new poll released Monday. The Siena College poll of...