Latest Business News

Ship that caused bridge collapse had apparent electrical issues while still docked, AP source says

Apr. 15, 2024 18:49 PM EDT

BALTIMORE (AP) — Hours before leaving port, the massive container ship that caused the deadly collapse of a Baltimore bridge experienced apparent electrical problems, a person with knowledge of the situation told The Associated Press on Monday, the same day FBI agents boarded the vessel amid a...

Russian soldiers who quit Putin's war get no hero’s welcome abroad as asylum claims surge

Apr. 15, 2024 18:41 PM EDT

ASTANA, Kazakhstan (AP) — If the choice was death or a bullet to the leg, Yevgeny would take the bullet. A decorated hero of Russia’s war in Ukraine, Yevgeny told his friend and fellow soldier to please aim carefully and avoid bone. The tourniquets were ready. The pain that...

General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center

Apr. 15, 2024 18:13 PM EDT

DETROIT (AP) — General Motors will move its Detroit headquarters to a new downtown office building next year and work to redevelop its iconic home along the Detroit River, company and city officials confirmed Monday. The announcement was made at the site of the old Hudson’s...

NASA is seeking a faster, cheaper way to bring Mars samples to Earth

Apr. 15, 2024 18:08 PM EDT

CAPE CANAVERAL, Fla. (AP) — NASA’s plan to bring samples from Mars back to Earth is on hold until there’s a faster, cheaper way, space agency officials said Monday. Retrieving Mars soil and rocks has been on NASA’s to-do list for decades, but the date kept moving forward, as...

Boeing pushes back on whistleblower's allegations and details how airframes are put together

Apr. 15, 2024 18:08 PM EDT

Boeing is defending the integrity of the fuselages on two of its largest planes, which have come under criticism from a whistleblower who warns that panels on the outside of one of the planes could eventually break apart during flight. Two Boeing engineering executives went into...

The pilots union at American Airlines says it's seeing more safety and maintenance issues

Apr. 15, 2024 17:50 PM EDT

DALLAS (AP) — The pilots union at American Airlines says there has been “a significant spike” in safety issues at the airline, including fewer routine aircraft inspections and shorter test flights on planes returning from major maintenance work. The union also says it has seen...

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Apr. 15, 2024 17:48 PM EDT

DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about...

It's Tax Day. And your refund may be big this year

Apr. 15, 2024 17:38 PM EDT

WASHINGTON (AP) — On this Tax Day, refunds are looking a bit bigger for taxpayers. According to the latest IRS statistics, the average income tax refund so far this season is $3,011, up $123 from last year. Two out of three taxpayers expect to receive a refund. The...

Revised budget adjustment removes obstacle as Maine lawmakers try to wrap up work

Apr. 15, 2024 17:37 PM EDT

AUGUSTA, Maine (AP) — The Democratic-led Maine Legislature’s spending committee revised its budget proposal Monday in response to complaints from both Republicans and the Democratic governor, removing a late obstacle as lawmakers try to wrap up their work this week. The revision...

Tax Day reveals a major split in how Joe Biden and Donald Trump would govern

Apr. 15, 2024 17:30 PM EDT

WASHINGTON (AP) — Tax Day reveals a major split in how Joe Biden and Donald Trump would govern: The presidential candidates have conflicting ideas about how much to reveal about their own finances and the best ways to boost the economy through tax policy. Biden, the sitting...