Latest Business News

NAACP lifting travel advisory against American Airlines

Jul. 17, 2018 11:37 AM EDT

WASHINGTON (AP) — The NAACP is lifting its travel advisory against American Airlines, saying improvements are being made to address worries about African-Americans being subject to discrimination or unsafe conditions while flying. NAACP President Derrick Johnson made the announcement at the NAACP's...

Lawmakers warn Trump tariffs threaten local newspapers

Jul. 17, 2018 11:31 AM EDT

WASHINGTON (AP) — Members of Congress are warning that newspapers in their home states are in danger of cutting coverage or going out of business if the United States maintains recently imposed tariffs on Canadian newsprint. The Trump administration ordered the tariffs in response to a complaint from a...

Defense contractor Raytheon reaffirms its commitment to UK

Jul. 17, 2018 11:31 AM EDT

LONDON (AP) — U.S.-based defense contractor Raytheon says it remains committed to its operations in Britain, even as other manufacturers warn that they may curtail investment because of delays in negotiations over the country's departure from the European Union. Raytheon, whose roots in Britain go back...

US stocks rise as retailers and smaller companies climb

Jul. 17, 2018 11:29 AM EDT

NEW YORK (AP) — After a weak start, U.S. indexes are higher Tuesday as retailers and smaller companies climb and investors applaud strong second-quarter results from health care products giant Johnson & Johnson and financial services company Charles Schwab. Netflix is plunging after the streaming video...

The Latest: US needs higher productivity to boost wages

Jul. 17, 2018 11:25 AM EDT

WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's semi-annual testimony to Congress on Tuesday (all times local): ___ 10:50 a.m. Sen. Bob Corker, R-Tenn., told Powell he is "very concerned" about stagnant wages and asked about the root causes of the long-term issue. Powell cited the...

Lab-grown meat could be in restaurants in 3 years

Jul. 17, 2018 11:18 AM EDT

BERLIN (AP) — A Dutch company that presented the world's first lab-grown beef burger five years ago said Tuesday it has received funding to pursue its plans to make and sell artificially grown meat to restaurants from 2021. Mosa Meat said it raised 7.5 million euros ($8.8 million), mainly from M Ventures...

2 planes make emergency landings at Kansas City airport

Jul. 17, 2018 11:14 AM EDT

KANSAS CITY, Mo. (AP) — Authorities say two planes carrying more than 250 passengers made emergency landings at Kansas City International Airport. Kansas City Aviation Department spokesman Joe McBride says the first emergency landing happened around 4:30 p.m. Monday after crews on Delta Air Lines flight...

Johnson & Johnson beats revenue, profit projections for 2Q

Jul. 17, 2018 11:11 AM EDT

Fueled by a 20 percent sales jump in its prescription drugs business, Johnson & Johnson posted a 3 percent increase in second-quarter profit. Still, the world's biggest maker of health care products trimmed its forecast for 2018. J&J's prescription medicine business, which had lagged its medical device...

El Paso Mexican Grill must pay $654,000 in back wages

Jul. 17, 2018 11:08 AM EDT

MANDEVILLE, La. (AP) — A chain of Mexican restaurants has been ordered to pay $654,000 in back wages to employees in Louisiana and Florida. The U.S. Department of Labor said in a news release Monday that 567 employees from 23 El Paso Mexican Grill restaurants will receive the pay to resolve violations of...

Millions in UK face water restrictions amid hot, dry weather

Jul. 17, 2018 10:55 AM EDT

LONDON (AP) — Millions of people in northern England are facing a ban on using garden hoses or sprinklers amid one of the longest spells of hot, dry weather in years. The United Utilities water company said the temporary ban, which affects seven million domestic customers in northwestern England, will help...