Latest Business News

Chevron will write down assets by at least $10 billion

Dec. 10, 2019 7:04 PM EST

SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter write-down...

Testing tech ideas in public? San Francisco says get permit

Dec. 10, 2019 6:52 PM EST

SAN FRANCISCO (AP) — Tired of San Francisco streets being used as a testing ground for the latest delivery technology and transportation apps, city leaders are now requiring businesses to get permits before trying out new high-tech ideas in public. Supporters of the legislation, which the Board of...

NFL, NCAA football fuel Fox TV's win of the prime-time week

Dec. 10, 2019 6:35 PM EST

LOS ANGELES (AP) — Fueled by both college and pro football, Fox won a rare title as champ of the broadcast week among networks. Fox's Thursday night NFL airing of the Dallas Cowboys and Chicago Bears was the week's top show of any kind with 18.23 million viewers, and its broadcast of the Big 10 title game...

Democrats, White House forge new North American trade deal

Dec. 10, 2019 6:08 PM EST

WASHINGTON (AP) — House Democrats and the White House announced a deal Tuesday on a modified North American trade pact, handing President Donald Trump a major Capitol Hill win on the same day that impeachment charges were announced against him. Both sides hailed the deal as a win for American workers. They...

Airbus beats Boeing again in aircraft orders and deliveries

Dec. 10, 2019 5:52 PM EST

Boeing's grounded 737 Max got a boost from two orders in November, but the American aircraft company continues to trail Europe's Airbus in both orders and deliveries of airline planes. Boeing disclosed Tuesday that it received 11 net orders in November — 63 new orders but 52 cancellations. Turkey's...

Exxon Mobil prevails in lawsuit over climate regulations

Dec. 10, 2019 5:39 PM EST

NEW YORK (AP) — Exxon Mobil won Tuesday in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business. New York Attorney General Letitia James' office didn't prove the...

Loophole limited scrutiny before deadly NYC helicopter crash

Dec. 10, 2019 5:37 PM EST

NEW YORK (AP) — The helicopter company whose doors-off flight crashed in a New York City river last year, trapping all five passengers in their harnesses, exploited a regulatory loophole to avoid stricter safety requirements, federal investigators said Tuesday. FlyNYON operated under the...

How major US stock indexes fared Tuesday

Dec. 10, 2019 4:58 PM EST

Stocks edged lower as a deadline approached for trade talks between Washington and Beijing. A new round of US tariffs are scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world. Media reports suggested the US may delay the tariffs...

Trump pays up: $2M to charities as fine for foundation abuse

Dec. 10, 2019 4:52 PM EST

NEW YORK (AP) — President Donald Trump is paying up after conceding that he used his charitable foundation at times as a personal piggy bank. Trump has wired $2 million to pay a court-ordered fine for misusing the Trump Foundation in part to further his business interests and 2016 presidential run, New...

US stocks dip ahead of looming weekend deadline on trade

Dec. 10, 2019 4:49 PM EST

NEW YORK (AP) — U.S. stocks edged lower on Tuesday ahead of a looming weekend deadline for trade talks between Washington and Beijing. A new round of U.S. tariffs is scheduled to take effect on Chinese goods Sunday, the latest escalation in a trade dispute that has dragged on economies around the world....