Latest Business News

The Latest: France adds Russia to list of banned countries

Jun. 23, 2021 10:09 AM EDT

PARIS — France is adding Russia to its “red list” of countries from which travels are banned unless it is for urgent reasons as they are struggling with virus surges and worrisome variants. French government spokesperson Gabriel Attal said Wednesday that Russia,...

Apple Daily to close, last pro-democracy Hong Kong newspaper

Jun. 23, 2021 09:59 AM EDT

HONG KONG (AP) — Hong Kong’s sole remaining pro-democracy newspaper will publish its last edition Thursday, forced to shut down after five editors and executives were arrested and millions of dollars in its assets were frozen as part of China's increasing crackdown on dissent in the...

Spanish court OKs extradition of McAfee to the U.S.

Jun. 23, 2021 09:56 AM EDT

MADRID (AP) — Spain’s National Court has approved the extradition of detained antivirus software entrepreneur John McAfee to the United States, where he is wanted on tax-related criminal charges that carry a prison sentence of up to 30 years. The decision can be...

Herd of cows escapes into Los Angeles suburb

Jun. 23, 2021 09:52 AM EDT

PICO RIVERA, Calif. (AP) — Forty cows escaped a slaughterhouse and ended up in a Los Angeles suburb where one was killed after charging at a family, authorities said Wednesday. Cows were reported running loose on the streets of Pico Rivera around 7:30 p.m. Tuesday after...

Early agreement reached in dispute over Suez Canal ship

Jun. 23, 2021 09:48 AM EDT

CAIRO (AP) — The owners and insurers of the giant container ship that blocked the Suez Canal for nearly a week earlier this year have reached an agreement in principle over their dispute with canal authorities, representatives from both sides said Wednesday. Stann...

Stocks open slightly higher, keeping S&P 500 near record

Jun. 23, 2021 09:44 AM EDT

Stocks are edging mostly higher in early trading on Wall Street Wednesday, keeping the S&P 500 hovering just below the record high it set just over a week ago. The benchmark index was up 0.1% in the early going. The tech-heavy Nasdaq added 0.3%. The modest gains came a day after Federal...

Assembly to vote on ending licenses for braiding hair

Jun. 23, 2021 09:39 AM EDT

MADISON, Wis. (AP) — People would be allowed to braid hair without a license under a bipartisan bill the Wisconsin Senate was set to send to Gov. Tony Evers on Wednesday. The Black community has been pushing to deregulate braiding for years. Thirty states currently...

Longtime Southwest CEO will step down next year

Jun. 23, 2021 09:36 AM EDT

DALLAS (AP) — Southwest Airlines said Wednesday that longtime CEO Gary Kelly will step down in February and be succeeded by another veteran at the nation's fourth-largest airline. The new CEO will be Robert Jordan, the executive vice president of corporate services....

Warren Buffett resigns from Gates Foundation

Jun. 23, 2021 09:34 AM EDT

NEW YORK (AP) — Warren Buffett is resigning as a trustee from the Bill and Melinda Gates Foundation. The announcement comes weeks after Bill and Melinda Gates announced that they were divorcing after 27 years of marriage but would continue to jointly run the foundation,...

Britain's FM meets with Cambodian officials for trade talks

Jun. 23, 2021 09:14 AM EDT

BANGKOK (AP) — Britain's top diplomat met Wednesday with his Cambodian counterpart as he pushed for closer economic relations to Southeast Asia, part of the U.K.'s new emphasis on the region. Foreign Secretary Dominic Raab met with Cambodian Foreign Minister Prak...