Latest Business News

Home Depot cuts outlook as 3Q revenue misses forecast

Nov. 19, 2019 6:27 AM EST

Home Depot had a rocky third quarter, with revenue and a key sales figure missing analysts’ expectations. The home improvement company also cut its forecasts for full-year revenue and comparable sales. Shares dropped 5.8% before the market open on Tuesday. For the three months ended Nov. 3, Home Depot Inc....

Toyota worker’s suicide ruled work-related after harassment

Nov. 19, 2019 6:24 AM EST

TOKYO (AP) — An engineer at Toyota killed himself after being constantly ridiculed by his boss, authorities have ruled. Toyota Motor Corp. acknowledged the case after reports of the ruling emerged Tuesday. The company said it hopes to prevent further such cases and expressed condolences over the death. The...

UK leaders to square off in 1st debate of election campaign

Nov. 19, 2019 6:20 AM EST

LONDON (AP) — British Prime Minister Boris Johnson and opposition leader Jeremy Corbyn prepared to square off Tuesday in the first televised debate of this year's election campaign. The hour-long encounter offers Corbyn a chance to make up ground in opinion polls, which show his Labour Party trailing...

Despite free-flowing kombucha, WeWork tenants feel unease

Nov. 19, 2019 6:16 AM EST

NEW YORK (AP) — The kombucha and beer on tap flow freely. The milk-and-cookie happy hours, yoga sessions and waffle Mondays continue as usual. WeWork’s stock market fiasco has yet to reverberate much for its more than 600,000 tenants, spread across a global empire of gracefully designed co-working...

Boeing’s grounded 737 Max scores 2nd order at Dubai Airshow

Nov. 19, 2019 6:14 AM EST

DUBAI, United Arab Emirates (AP) — Boeing’s 737 Max jet got another boost at the Dubai Airshow on Tuesday, this time with an order from Kazakhstan’s newly-launched budget carrier as the Chicago-based company works to try and win U.S. regulatory approval to get the airplane back in the sky by...

German authorities conduct money laundering raids

Nov. 19, 2019 6:09 AM EST

BERLIN (AP) — German authorities have conducted raids in five states in connection with money laundering and illegal transfers abroad. German news agency dpa reports that some 850 officers, including tax fraud investigators, raided 63 buildings across the country and in the Netherlands. Some 27 suspects...

German authorities search homes, offices in tax fraud probe

Nov. 19, 2019 6:08 AM EST

BERLIN (AP) — German authorities have raided the homes and offices of six businesspeople and bankers as part of an investigation into a massive tax fraud scheme. Hesse state prosecutors said Tuesday in addition to 12 searches in Hesse and Bavaria, an apartment was searched in the Netherlands. The suspects,...

US, Montenegro plot cyber warfare ahead of 2020 elections

Nov. 19, 2019 5:50 AM EST

PODGORICA, Montenegro (AP) — Deployed inside the sprawling communist-era army command headquarters in Montenegro’s capital, an elite team of U.S. military cyber experts are plotting strategy in a fight against potential Russian and other cyberattacks ahead of the 2020 American and Montenegrin...

Vatican financial watchdog now a ‘shell’ after police raid

Nov. 19, 2019 5:41 AM EST

VATICAN CITY (AP) — A board member of the Vatican’s financial watchdog has resigned in the wake of a Vatican police raid that resulted in the agency’s suspension from the global communications network of financial intelligence units. Marc Odendall, a Swiss-German retired banker, tendered his...

AP Interview: Google VP worries about online content, too

Nov. 19, 2019 5:29 AM EST

PARIS (AP) — Google Vice President Jacqueline Fuller says the company is having “a lot of conversations” internally amid worries about the tech giant’s bottomless appetite for consumer data and how it uses its algorithms. Fuller wouldn’t comment on specific data privacy...