Latest Business News

EU wary of fake online accounts as Europe elections approach

Apr. 23, 2019 8:41 AM EDT

BRUSSELS (AP) — The European Union is praising Facebook, Google and Twitter for tackling disinformation while urging the social media giants to do more in clamping down on fake accounts. Under an EU code of conduct, the three companies report routinely on their efforts to stop election interference....

US expands probe into air bag failures to 12.3M vehicles

Apr. 23, 2019 8:40 AM EDT

DETROIT (AP) — U.S. auto safety regulators have expanded an investigation into malfunctioning air bag controls to include 12.3 million vehicles because the bags may not inflate in a crash. The problem could be responsible for as many as eight deaths. Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi...

Twitter says 1Q profit triples on ad demand, daily users up

Apr. 23, 2019 8:07 AM EDT

SAN FRANCISCO (AP) — Twitter Inc. on Tuesday said earnings in the first three months of the year more than tripled on strong ad demand while user numbers posted healthy growth. The company said the number of daily users rose 11% to 134 million for the first quarter of 2019, thanks to both "organic growth...

Oil prices spike further after US move on Iran buyers

Apr. 23, 2019 7:56 AM EDT

LONDON (AP) — Oil prices remained near six-month highs Tuesday in the wake of the Trump administration's announcement that it would soon impose sanctions on all buyers of Iranian oil. On Monday, the Trump administration said it would no longer exempt any countries from U.S. sanctions if they continue to...

Coca-Cola surprises investors with better-than-expected 1Q

Apr. 23, 2019 7:49 AM EDT

ATLANTA (AP) — The Coca-Cola Co. surprised investors with a better-than-expected first quarter, but it's still expecting slower growth for the full year. Coke reported net income of $1.7 billion, or 39 cents per share, up from 32 cents per share in the January-March period a year ago. Without one-time...

The Latest: Boris Johnson's sister running for pro-EU party

Apr. 23, 2019 7:47 AM EDT

LONDON (AP) — The Latest on Britain's exit from the European Union (all times local): 12:45 p.m. The sister of leading Brexit supporter Boris Johnson is running for the European Parliament for a British pro-EU party. Journalist Rachel Johnson is among candidates for Change U.K., a newly formed party...

India to observe US sanctions on Iranian oil

Apr. 23, 2019 7:46 AM EDT

NEW DELHI (AP) — India said Tuesday it will buy crude oil from other major oil producing countries in view of the United States' decision this week to end waivers that allowed it to buy Iranian oil without facing U.S. sanctions. External Affairs Ministry spokesman Raveesh Kumar said the Indian government...

Uganda acquires 2 new jets, seeks to revive national airline

Apr. 23, 2019 7:45 AM EDT

KAMPALA, Uganda (AP) — Uganda's government has taken delivery of two new passenger jets in a bid to revive the national carrier that collapsed years ago. Uganda Airlines is set to begin operations in June. It will fly to regional destinations at first. Fanfare marked the arrival on Tuesday of two jets from...

U.S. auto safety regulators expand air bag probe to 12.3 million vehicles because bags may not inflate in a crash.

Apr. 23, 2019 7:38 AM EDT
DETROIT (AP) — U.S. auto safety regulators expand air bag probe to 12.3 million vehicles because bags may not inflate in a crash.

UN panel pays $240M to Kuwait oil firm for Iraq war losses

Apr. 23, 2019 6:14 AM EDT

BERLIN (AP) — A U.N. panel overseeing compensation claims by countries and organizations affected by Iraq's 1990-1991 invasion of Kuwait says it has paid $240 million to the Gulf state's national oil company. The United Nations Compensation Commission said Tuesday that the latest tranche brings to $48.3...