Latest Business News

Iran internet slowly revives; US sanctions telecom minister

Nov. 22, 2019 11:07 AM EST

DUBAI, United Arab Emirates (AP) — The internet slowly trickled back on in Iran on Friday after a dayslong shutdown by authorities amid protests and unrest that followed government-set gasoline prices sharply rising, as the U.S. sanctioned the country’s prominent telecommunications minister over the...

Boeing settles half of lawsuits tied to Indonesian crash

Nov. 22, 2019 10:59 AM EST

CHICAGO (AP) — Boeing has settled about half of the lawsuits filed in federal court over the October 2018 crash of a 737 Max jet off the coast of Indonesia. A Boeing spokesman said Friday that the company has settled 63 cases tied to the crash of a plane flown by Indonesia’s Lion Air. The company...

Serbia president defends minister in plagiarism dispute

Nov. 22, 2019 10:51 AM EST

BELGRADE, Serbia (AP) — Serbia’s president has dismissed calls for the resignation of the Balkan country’s finance minister triggered by a university ruling that he plagiarized parts of the doctoral thesis. Aleksandar Vucic on Friday told Prva TV that Sinisa Mali “is doing an excellent...

US stock indexes inch higher amid rising global tide

Nov. 22, 2019 10:46 AM EST

NEW YORK (AP) — U.S. stocks inched higher in morning trading Friday as a week dominated by the progress in U.S.-China trade talks — or lack thereof — comes to a close. President Donald Trump said that a deal between the world’s largest economies is “potentially very...

AG Barr: Epstein’s death was a ‘perfect storm of screw-ups’

Nov. 22, 2019 10:39 AM EST

ABOARD A US GOVERNMENT AIRCRAFT (AP) — Attorney General William Barr said he initially had his own suspicions about financier Jeffrey Epstein’s death while behind bars at one of the most secure jails in America but came to conclude that his suicide was the result of “a perfect storm of...

Tesla steers toward industry profit driver with a pickup

Nov. 22, 2019 10:36 AM EST

Tesla is aiming for the heart of the auto industry’s profit machine with its own version of the heavy pickup truck. Rolling onstage before a wall of lasers and flame on a California stage, the introduction of Tesla’s sharp-angled, stainless-steel “cybertruck” was not a quiet one. Nor...

Celebrities are deep into liquor, wine with their own brands

Nov. 22, 2019 10:33 AM EST

NEW YORK (AP) — From Kate Hudson’s new vodka to Dylan Sprouse’s Brooklyn-made mead, celebrities with their own brands of spirits and wines can make drink-loving fans happy at the holidays. You can find other pillars of culture with bottles, including TV shows and the high-brow auction house...

Merkel’s heir apparent takes on critics, wins applause

Nov. 22, 2019 10:22 AM EST

BERLIN (AP) — German Chancellor Angela Merkel’s embattled heir apparent sought to silence critics Friday, throwing down the gauntlet for any member of the Christian Democratic Party to challenge her if they didn’t like the direction in which she was leading the party. Annegret...

Markets Right Now: Stocks start higher on Wall Street

Nov. 22, 2019 9:43 AM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Technology companies and banks are leading stocks slightly higher on Wall Street in early trading, putting the market on track for its first gain since Monday. Oracle rose 1.2% in the first few minutes of trading...

Some Iowa farmers back crop buffer law to protect water

Nov. 22, 2019 9:27 AM EST

CEDAR RAPIDS, Iowa (AP) — Iowa’s farmer-dominated conservation districts are calling for a state ban on planting crops within 30 feet (9.1 meters) of streams to improve water quality, but the state’s top agricultural official opposes the idea. The Conservation Districts of Iowa isn’t...