Latest Business News
How a viral, duct-taped banana came to be worth $1 million
NEW YORK (AP) — Walk into any supermarket and you can generally buy a banana for less than $1. But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby’s in New York. The yellow banana fixed to the white wall with silver duct...
'Inside the NBA' will air on ESPN and ABC as part of settlement between WBD and NBA, AP sources say
“Inside the NBA” will appear on ESPN and ABC beginning next season as part of a settlement between Warner Bros. Discovery and the NBA. Warner Bros. Discovery, the parent company of TNT Sports, sued the NBA in New York state court after the league did not accept the company’s...
Asia-Pacific summit closes in Peru with China’s Xi front and center as Trump whiplash looms
LIMA, Peru (AP) — After two days of meetings in Lima that rarely ventured beyond platitudes in discussing the strategies of the region’s major economies, the Asia-Pacific Economic Cooperation forum wrapped up on Saturday with a spirit of detente that many fear the summit may not see again for...
Boeing issues layoff notices to 400-plus workers as it begins drastic cuts
SEATTLE (AP) — Boeing has delivered layoff notices to more than 400 members of its professional aerospace labor union, part of thousands of cuts planned as the company struggles to recover from financial and regulatory trouble as well as an eight-week strike by its machinists' union. ...
Alaska political leaders hope to see Trump undo restrictions on oil drilling
JUNEAU, Alaska (AP) — President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, where oil is the economic lifeblood and many felt the Biden administration has obstructed efforts to boost the state's...
Strike by workers at a casino near the Las Vegas Strip enters 2nd day
LAS VEGAS (AP) — A walkout by hundreds of hospitality workers at a casino near the Las Vegas Strip entered its second day with union members willing to undergo the financial hardships of being out of work as they wait for a new contract. The work stoppage launched Friday at Virgin...
What to know about the congressional push to expand some Social Security benefits
WASHINGTON (AP) — The House has passed legislation that would provide full Social Security benefits to millions of people, pushing it one step closer to becoming law. The Social Security bill on Tuesday won bipartisan support in the House, 327-75, in what is now the lame-duck...
McDonald's is investing $100 million to bring customers back after E. coli outbreak
McDonald's is investing $100 million to bring customers back to stores after an outbreak of E. coli food poisoning tied to onions on the fast-food giant's Quarter Pounder hamburgers. The investments include $65 million that will go directly to the hardest-hit franchises, the company...
An environmental group files intent to sue a salmon farmer for pollution off Maine's coast
PORTLAND, Maine (AP) — An environmental organization has served a notice of intent to sue one of the world's largest aquaculture companies for violations of the Clean Water Act in Maine — allegations the fish farmer ardently denies. Conservation Law Foundation contends Cooke...
Russia's Gazprom stops the flow of natural gas to Austria, OMV utility says
VIENNA (AP) — Russia’s state-owned natural gas company Gazprom stopped supplies to Austria early Saturday, according to the Vienna-based utility OMV, after OMV said it would stop payments for the gas following an arbitration award. The official cutoff of supplies before dawn...
