Latest Business News

Verizon loses bet on digital ads, takes $4.6B accounting hit

Dec. 12, 2018 12:28 PM EST

Verizon's big bet on digital advertising isn't panning out. The wireless company spent more than $4 billion to buy AOL and nearly $5 billion to buy Yahoo as part of an effort to compete with Facebook and Google in a growing market for digital advertising. Now, Verizon is slicing the value of those two businesses...

Minnesota lawmakers discuss reining in soaring insulin costs

Dec. 12, 2018 12:23 PM EST

ST. PAUL, Minn. (AP) — Minnesota lawmakers are considering steps they could take to rein in the soaring cost of insulin, which one couple says has become so expensive that their diabetic son could no longer afford it and died. State Sen. Matt Little convened an informal discussion at the state Capitol on...

US officials: China poses serious national security threat

Dec. 12, 2018 12:18 PM EST

WASHINGTON (AP) — Cyber threats from China and its theft of intellectual property from American companies pose large economic and national security challenges for the United States, national security officials said Wednesday. Officials from the Department of Justice, the FBI and the Department of Homeland...

Markets Right Now: Stocks turn higher on Wall Street

Dec. 12, 2018 11:50 AM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are rising sharply on Wall Street in midday trading, clawing back some of the ground they lost over the previous week. Technology companies rallied Wednesday and energy companies rose along with crude oil...

Health law sign-ups lagging as Saturday deadline is looming

Dec. 12, 2018 11:46 AM EST

WASHINGTON (AP) — Government numbers show health insurance sign-ups for the Affordable Care Act are down with just a few days left to enroll. That's happening even though premiums are stable, consumers have more choice and millions of uninsured people can still get financial help. The sign-up deadline is...

Global stocks jump as technology and energy companies rise

Dec. 12, 2018 11:44 AM EST

NEW YORK (AP) — Global stock indexes jumped Wednesday to reverse some of their big losses from the week before. In the U.S., technology companies rallied and energy companies rose along with crude oil prices. Health care and industrial companies also jumped, while safer, high-dividend stocks like utilities...

AP: Ivanka, Kushner could profit from tax break they pushed

Dec. 12, 2018 11:41 AM EST

WASHINGTON (AP) — At an Oval Office gathering earlier this year, President Donald Trump began touting his administration's new real estate investment program, which offers massive tax breaks to developers who invest in downtrodden American communities. He then turned to one of the plan's strongest...

The Latest: Bookmakers suspend betting on UK confidence vote

Dec. 12, 2018 11:27 AM EST

LONDON (AP) — The Latest on political turmoil in Britain (all times local): 4:25 p.m. British bookmakers William Hill say they've suspended betting on the question of whether Prime Minister Theresa May will win a confidence vote by her party. William Hill spokesman Rupert Adams says that the odds favored...

For retailers, the smartphone is future of store experience

Dec. 12, 2018 11:27 AM EST

NEW YORK (AP) — Just a few years ago, retailers considered smartphones the enemy of the in-store experience they were trying to create. Customers often whipped out their device to compare prices online and then walked out of the store to buy the same product elsewhere. Today, stores are taking their cues...

US consumer prices flat in November as energy plunges

Dec. 12, 2018 11:21 AM EST

WASHINGTON (AP) — U.S. consumer prices were unchanged in November, the best performance since prices actually fell eight months ago. The docile inflation reading reflected a big drop in the cost of gasoline and other energy products. The Labor Department said Wednesday that the unchanged inflation reading...