Latest Government aid for industry News

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Tesla to build factory in Germany after subsidies announced

Nov. 13, 2019 12:35 PM EST

BERLIN (AP) — Germany on Wednesday hailed Tesla’s decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electric cars. Tesla CEO Elon Musk said during an awards ceremony in the German capital Tuesday evening that...

Honolulu council and mayor approve $214M for rail project

Nov. 13, 2019 9:34 AM EST

HONOLULU (AP) — The Honolulu City Council and Mayor Kirk Caldwell have approved a $214 million spending bill for the city rail project, officials said. The bill approves an annual maximum of $26 million toward the $9.2 billion project for rail service from East Kapolei to Ala Moana, The Honolulu...

NYC public housing apartment rented out illegally on Airbnb

Nov. 9, 2019 2:43 PM EST

NEW YORK (AP) — Boston resident Rachel Valerio thought her $90-a-night Airbnb apartment in New York City was a good deal until she realized she had booked an apartment in a New York City Housing Authority complex. Valerio tells The New York Times that the apartment was highly rated on Airbnb but it smelled...

Amtrak reports record revenue, ridership, but still in red

Nov. 8, 2019 3:38 PM EST

NEWARK, N.J. (AP) — Amtrak on Friday reported record ridership and revenue figures for the fiscal year that ended Sept. 30, leading officials to predict the heavily subsidized railroad could eliminate operating losses as soon as next year. The government-owned passenger railroad said it provided 32.5...

Japan's Softbank posts big losses after WeWork debacle

Nov. 6, 2019 12:51 PM EST

TOKYO (AP) — SoftBank, the Japanese technology conglomerate famous for seismic and visionary bets, has lost $4.7 billion in the WeWork debacle, the company said Wednesday. SoftBank posted losses of 700 billion yen ($6.4 billion) in the July-September quarter, with the damage coming largely from its Vision...

German government extends incentives for electric car buyers

Nov. 4, 2019 6:42 PM EST

BERLIN (AP) — The German government is supercharging subsidies for electric cars on the day the country's biggest automaker began production of a new all-electric vehicle. Chancellor Angela Merkel's office said officials and industry representatives agreed late Monday to increase by half the existing...

Attorneys for ex-bank execs seek to dismiss SEC complaint

Nov. 1, 2019 5:11 PM EDT

WILMINGTON, Del. (AP) — Two former executives for the only financial institution criminally charged in connection with the federal bank bailout program are asking a judge to dismiss a civil enforcement action filed against them by federal securities regulators. The Securities and Exchange Commission...

Georgia governor releases plans for health care overhaul

Oct. 31, 2019 4:08 PM EDT

ATLANTA (AP) — Georgia Gov. Brian Kemp unveiled a much-anticipated plan Thursday that aims to reduce premiums for residents who buy health insurance under the Affordable Care Act and give the state control of billions of dollars in federal health care funds. The proposal could eventually lead to subsidies...

Maine ACA enrollment could drop with Medicaid expansion

Oct. 30, 2019 5:21 PM EDT

PORTLAND, Maine (AP) — Several thousand Mainers who have Affordable Care Act insurance but qualify for Medicaid will be switched over during the Nov. 1-Dec. 15 enrollment. Federal data indicates that 74% of Maine residents earn less than 400% of the federal poverty level, $83,120, and are eligible for...