Latest Business News

Italy hunts for blame in bridge collapse that killed 39

Aug. 15, 2018 9:15 PM EDT

GENOA, Italy (AP) — As more bodies were pulled Wednesday from a mountain of jagged concrete and twisted steel left by a highway bridge collapse that killed 39, prosecutors focused on possible design flaws and past maintenance of the heavily used span, and politicians squabbled over blame. Motorists,...

The Latest: Survivors describe Italy bridge collapse

Aug. 15, 2018 9:06 PM EDT

GENOA, Italy (AP) — The latest developments following the deadly collapse of a highway bridge in Italy (all times local): 8:05 p.m. A survivor of the Italian bridge collapse has described the highway falling out from under him. Another described trying to abruptly flip her car into reverse, and then...

Pot taxes pick up in California but still far off target

Aug. 15, 2018 8:58 PM EDT

LOS ANGELES (AP) — When it comes to the taxman, California's legal pot market is off to a sluggish start. Marijuana cultivation and excise tax collections hit $48 million between April and June, state officials announced Wednesday. That's a jump from the prior three months but well below the windfall...

Tighter regulations could take bite out of Airbnb profits

Aug. 15, 2018 8:36 PM EDT

NEW YORK (AP) — Airbnb faces tightening regulations in New York City that could take a big bite out of its profits, and on Wednesday the short-term rental company offered a counter-measure designed to appease hostile politicians: a $10 million contribution to charities. At a Manhattan news conference,...

After Alex Jones timeout, Twitter CEO mulls deeper changes

Aug. 15, 2018 8:03 PM EDT

NEW YORK (AP) — A day after Twitter gave right-wing conspiratorialist Alex Jones a weeklong timeout, CEO Jack Dorsey is mulling deeper changes to the social media service that might limit the spread of fake news, misinformation and hate speech. Twitter joined other prominent tech companies in muzzling...

Alaska marijuana board taking comment on onsite use draft

Aug. 15, 2018 7:40 PM EDT

JUNEAU, Alaska (AP) — Alaska marijuana regulators will take public comment on the latest draft proposal for allowing onsite use of marijuana in authorized stores. The Marijuana Control Board voted Wednesday for a 60-day comment period and to hold a public hearing. Regulators have gone back and forth on...

Officials remove special rules for gene therapy experiments

Aug. 15, 2018 6:58 PM EDT

U.S. health officials are eliminating special regulations for gene therapy experiments, saying that what was once exotic science is quickly becoming an established form of medical care with no extraordinary risks. A special National Institutes of Health oversight panel will no longer review all gene therapy...

Report: SEC subpoenas Tesla about CEO's buyout plans

Aug. 15, 2018 6:53 PM EDT

SAN FRANCISCO (AP) — Government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker, according to media reports. The subpoena from the Securities and Exchange Commission demands information from each of Tesla's nine...

Colorado baker: No cake for gender transition celebration

Aug. 15, 2018 6:51 PM EDT

DENVER (AP) — A Colorado baker who refused to make a wedding cake for a gay couple on religious grounds — a stance partially upheld by the U.S. Supreme Court — has sued the state over its opposition to his refusal to bake a cake celebrating a gender transition, his attorneys said Wednesday....

Federal agency issues proposals for downsized Utah monuments

Aug. 15, 2018 6:51 PM EDT

SALT LAKE CITY (AP) — The U.S. government on Wednesday issued proposals for managing two national monuments in Utah that were significantly downsized by President Donald Trump last year, saying its preference for one of the sites would be the "least restrictive to energy and mining development." The Bureau...