Latest Business News

Miami-Dade officer critical after shooting; suspect killed

Aug. 16, 2022 00:34 AM EDT

MIAMI, Florida (AP) — A Miami-Dade police officer was critically wounded and an armed robbery suspect was killed in an exchange of gunfire during a car chase Monday night, authorities said. The suspect smashed his vehicle into a police cruiser and another car while trying to flee...

Rangers win 3rd straight, top A's 2-1 after Woodward firing

Aug. 16, 2022 00:30 AM EDT

ARLINGTON, Texas (AP) — Marcus Semien homered, rookie Bubba Thompson had a tiebreaking RBI single and the Texas Rangers won a one-run game only hours after manager Chris Woodward was fired. With Tony Beasley managing his first big league game, after being named the interim manager...

Colorado River cuts expected for Arizona, Nevada and Mexico

Aug. 16, 2022 00:19 AM EDT

SALT LAKE CITY (AP) — The federal government on Tuesday is expected to announce water cuts to states that rely on the Colorado River as drought and climate change leave less water flowing through the river and deplete the reservoirs that store it. The Colorado River provides water...

Companies facing first tax on stock buybacks in Biden bill

Aug. 16, 2022 00:14 AM EDT

WASHINGTON (AP) — Democrats have pulled off a quiet first in their just-passed legislation addressing climate change and health care: the creation of a tax on stock buybacks, a cherished tool of Corporate America that had long seemed untouchable. Under the bill President Joe Biden...

Biden to sign massive climate, health care legislation

Aug. 16, 2022 00:10 AM EDT

KIAWAH ISLAND, S.C. (AP) — President Joe Biden will sign Democrats’ landmark climate change and health care bill on Tuesday, delivering what he has called the “final piece” of his pared-down domestic agenda, as he aims to boost his party’s standing with voters less than three months...

Rangers fire manager Chris Woodward short of his 500th game

Aug. 16, 2022 00:05 AM EDT

ARLINGTON, Texas (AP) — The Texas Rangers fired fourth-year manager Chris Woodward on Monday, a move made in hopes of building momentum toward next year, when the team has long expected to win again after a seasons-long rebuilding effort. The Rangers are on pace for their sixth...

Chinese research ship docks in Sri Lanka after postponement

Aug. 15, 2022 23:42 PM EDT

HAMBANTOTA, Sri Lanka (AP) — A Chinese scientific research ship whose port call was earlier deferred due to apparent security concerns raised by India arrived Tuesday at a southern port in Sri Lanka. Yuan Wang 5 was welcomed by Sri Lankan port officials and Chinese officials from...

California surgeon pleads guilty in sober living fraud case

Aug. 15, 2022 23:15 PM EDT

LOS ANGELES (AP) — A surgeon and his girlfriend have pleaded guilty in an insurance fraud scheme that involved recruiting patients at Southern California sober living homes to undergo unnecessary surgeries and other procedures. Randy Rosen ran Wellness Wave, a surgical center in...

Asian shares mostly higher, echoing Wall Street rebound

Aug. 15, 2022 23:12 PM EDT

TOKYO (AP) — Asian shares mostly rose Tuesday after a rebound on Wall Street, despite regional investor risks reflected in negative economic data out of China. The benchmark in Tokyo was little changed, erasing earlier gains, but indexes in South Korea, Australia and China gained...

Afghanistan marks 1 year since Taliban seizure as woes mount

Aug. 15, 2022 22:00 PM EDT

KABUL, Afghanistan (AP) — The Taliban on Monday marked a year since they seized the Afghan capital in a rapid takeover that triggered a hasty escape of the nation's Western-backed leaders, sent the economy into a tailspin and fundamentally transformed the country. Bearded Taliban...