Latest Business News

The Latest: Trump defends US trade dealings with China

May. 21, 2018 8:47 AM EDT

WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local): 8:45 a.m. President Donald Trump is defending his administration's trade dealings with China a day after his Treasury secretary said the two countries were putting a trade war "on hold." Trump tweeted Monday: "China has agreed to buy...

Britain's government says it does not intend to block Comcast's bid for Sky

May. 21, 2018 8:45 AM EDT
LONDON (AP) — Britain's government says it does not intend to block Comcast's bid for Sky.

The Latest: LatAm bloc decries Venezuela vote, urges action

May. 21, 2018 8:39 AM EDT

CARACAS, Venezuela (AP) — The Latest on Venezuela's presidential election (all times local): 8:30 a.m. A grouping of 14 countries from throughout the Americas is refusing to recognize the result of Venezuela's disputed presidential election and urged diplomatic and financial action in response. The Lima...

France's Total boosts Cypriot gas plan as it eyes Iran exit

May. 21, 2018 8:22 AM EDT

NICOSIA, Cyprus (AP) — French energy company Total says it is looking to expand its search for natural gas off Cyprus' south coast and seeks to secure another exploratory drilling license, days after warning it could exit Iran over renewed U.S. sanctions there. Stephane Michel, Total's Middle East...

General Electric cuts $11B deal with Wabtec

May. 21, 2018 8:17 AM EDT

NEW YORK (AP) — General Electric's train engine division will tie up with railroad equipment maker Wabtec in deal worth about $11 billion as GE CEO John Flannery continues to break off parts of the conglomerate. Wabtec CEO Raymond Betler will lead the combined company and its chairman, Albert Neupaver,...

Stocks are higher as US, China put trade war on hold

May. 21, 2018 8:14 AM EDT

SEOUL, South Korea (AP) — Global stock markets rose on Monday as the United States and China put a trade war on hold, clearing some uncertainty for investors. KEEPING SCORE: Britain's FTSE 100 was up 0.6 percent at 7,823 and France's CAC 40 rose 0.5 percent to 5,642. The German market was closed for a...

China says it can't guarantee no more trade tension with US

May. 21, 2018 8:05 AM EDT

BEIJING (AP) — China's government said Monday it cannot guarantee that renewed trade tension with Washington can be avoided after U.S. Treasury Secretary Steven Mnuchin declared a temporary truce in a spiraling dispute that prompted worries of a chilling of global commerce. Mnuchin said Sunday the two...

Economic talks between US and China lead to trade war truce

May. 21, 2018 7:34 AM EDT

WASHINGTON (AP) — The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade deficit with Beijing. "We are putting the trade war on hold," Treasury Secretary Steven Mnuchin said...

From airlines to pizza parlors, EU businesses adopt data law

May. 21, 2018 6:54 AM EDT

LONDON (AP) — Lisa Meyer's hair salon is a cozy place where her mother serves homemade macaroons, children climb on chairs and customers chat above the whirr of hairdryers. Most of the time Meyer is focused on hairstyles, color trends and keeping up with appointments. But now she's worried about how the...

Fifth Third spends $4.7 billion for Chicago's MB Financial

May. 21, 2018 6:52 AM EDT

NEW YORK (AP) — Fifth Third Bancorp is buying Chicago's MB Financial for about $4.7 billion, mostly in stock. MB Financial Inc., the parent company of MB Financial Bank, has approximately $20 billion in assets. Greg Carmichael, the chairman and CEO of Fifth Third Bancorp, said Monday in prepared remarks...