Latest Business News

FILE - In this Jan. 15, 2020, file photo specialist Peter Mazza works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 23. (AP Photo/Richard Drew, File)

U.S. stocks follow global markets lower on virus concerns

Jan. 23, 2020 10:44 AM EST

NEW YORK (AP) — Stocks fell on Wall Street in early trading Thursday as investors worried that a deadly virus outbreak in China could continue spreading and hurt the global economy. The weak opening for U.S. indexes follows a sell-off for global markets as authorities worldwide take measures to monitor and...

Sajid Javid, Britain's Chancellor of the Exchequer, pictured during the 50th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Wednesday, Jan. 22, 2020.  (Gian Ehrenzeller/Keystone via AP)

High hopes: US, EU and UK all aim for trade deals this year

Jan. 23, 2020 10:36 AM EST

DAVOS, Switzerland (AP) — The United States, the European Union and what will soon be post-Brexit Britain have all raised the prospect of concluding trade deals between themselves by the end of this year, setting up an intense few months of negotiations. High-level representatives said Thursday at the...

In this undated photo provided by his campaign,

Democrat looking to unseat Sen. Collins wins key endorsement

Jan. 23, 2020 10:04 AM EST

PORTLAND, Maine (AP) — A national organization devoted to electing LGBTQ candidates to public office is endorsing for the U.S. Senate in Maine former Google executive Ross LaJeunesse, a Democrat who wants an opportunity to unseat GOP Sen. Susan Collins. The Victory Fund announced Thursday its endorsement...

FILE - In this July 31, 2018, file photo a Union Pacific train travels through Union, Neb. Union Pacific Corp. reports financial results Thursday, Jan. 23, 2020. (AP Photo/Nati Harnik, File)

Union Pacific 4Q delivery volume falls, so does its profit

Jan. 23, 2020 10:04 AM EST

OMAHA, Neb. (AP) — Union Pacific's fourth-quarter profit fell 10% as the railroad hauled 11% less freight. The railroad said Thursday that it earned $1.4 billion, or $2.02 per share, in the quarter. That's down from $1.55 billion, or $2.12 per share, a year earlier. The results fell short of Wall Street...

Home searched after cybercrime targets Florida school board

Jan. 23, 2020 9:56 AM EST

Cybercrime investigators searched a South Carolina home in a nationwide effort to track down suspects they say stole more than $206,000 from a Florida school board. Federal agents this week searched the Greenville home of a man who has been indicted in the scheme to defraud the Sumter County School Board in...

FILE - In this Sept. 28, 2019, file photo Chase Briscoe (98) leads the field of cars to start the NASCAR Xfinity Series auto race at Charlotte Motor Speedway in Concord, N.C. General Motors is planning to open a new technical center for performance and auto racing near the Charlotte Motor Speedway. The center will focus on transferring auto racing knowledge into engineering for vehicles that are sold to the public. (AP Photo/Mike McCarn, File)

GM to open racing tech center near Charlotte Motor Speedway

Jan. 23, 2020 9:55 AM EST

DETROIT (AP) — General Motors is planning to open a new technical center for performance and auto racing near the Charlotte Motor Speedway in North Carolina. The company says the 75,000-square-foot center will open by mid-2020 off Interstate 85 in Concord. GM says it's still finalizing plans for the number...

Bill laying out terms of UK's departure from the European Union on Jan. 31 becomes law after receiving royal assent

Jan. 23, 2020 9:43 AM EST
LONDON (AP) — Bill laying out terms of UK's departure from the European Union on Jan. 31 becomes law after receiving royal assent.
German Chancellor Angela Merkel addresses at the World Economic Forum in Davos, Switzerland, Thursday, Jan. 23, 2020. The 50th annual meeting of the forum is taking place in Davos from Jan. 21 until Jan. 24, 2020. (AP Photo/Markus Schreiber)

The Latest: Merkel says climate may become survival matter

Jan. 23, 2020 9:43 AM EST

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 3:40 p.m. German Chancellor Angela Merkel says that climate protection may become a matter of survival for Europe and the entire planet. “The question of being able to reach the goals of the...

In this March 5, 2015 photo, Isabel dos Santos, reputedly Africa's richest woman, attends the opening of an art exhibition featuring works from the collection of her husband and art collector Sindika Dokolo in Porto, Portugal. On Monday, Jan. 6, 2020, Angola's foreign minister Manuel Augusto said that there is no political motivation behind the government's demand for more than $1 billion from dos Santos, her husband and a Portuguese business partner. Isabel dos Santos is a daughter of Jose Eduardo dos Santos, who ruled the oil- and diamond-rich nation for 38 years until 2017. (AP Photo/Paulo Duarte)

Portugal police: Banker in Angola scandal hangs himself

Jan. 23, 2020 9:38 AM EST

LISBON, Portugal (AP) — A Portuguese banker named in a major Angolan money-laundering and corruption scandal has died in an apparent suicide at his home, police said Thursday. Nuno Ribeiro da Cunha, named as a suspect by Angolan authorities in an investigation targeting the billionaire daughter of...

Secretary of Treasury, Steven Mnuchin, at podium, speaks as U.S. Trade Representative Robert Lighthizer, back second from right and President Donald Trump, right, listen during a signing ceremony for

'Who is she?' - US Treasury chief takes swipe at Thunberg

Jan. 23, 2020 9:26 AM EST

DAVOS, Switzerland (AP) — As one of the executive producers of the last Mad Max movie, U.S. Treasury Secretary Steven Mnuchin might have been interested in the apocalyptic climate warnings of Greta Thunberg. Instead, he took a personal swipe at the 17-year-old, saying she was in no position to give advice...