Latest Business News

Saudis show media scorched, shrapnel-blasted oil facility

Sep. 20, 2019 1:33 PM EDT

BUQAYQ, Saudi Arabia (AP) — The heart of Saudi Arabia's oil industry remained wrapped in scaffolding Friday as workers sought to repair the charred innards and shrapnel-blasted arteries caused by drone-and-cruise-missile attacks that raised tensions between the U.S. and Iran. Saudi officials brought...

23 states sue Trump to keep California's auto emission rules

Sep. 20, 2019 1:27 PM EDT

SACRAMENTO, Calif. (AP) — California and 22 other states sued Friday to stop the Trump administration from revoking the authority of the nation's most populous state to set emission standards for cars and trucks. California Attorney General Xavier Becerra sued the National Highway Traffic Safety...

Auto union strike is latest worry in Flint, GM's birthplace

Sep. 20, 2019 1:24 PM EDT

FLINT, Mich. (AP) — The birthplace of General Motors has been on an economic roller-coaster ride for more than a century as the automaker rose, crashed and retooled for changing markets. Now, the city of Flint is again steeling for economic impact amid a nationwide United Auto Workers' strike against the...

Inhofe: Arkansas River system facing $225M backlog in upkeep

Sep. 20, 2019 1:22 PM EDT

TULSA, Okla. (AP) — U.S. Sen. Jim Inhofe says an Arkansas River system that runs from Tulsa to the Mississippi River is facing a $225 million backlog of "critical" upkeep projects after being hindered for months this summer by historic flooding in Oklahoma. The Tulsa World reports the Environmental and...

Trump says he doesn't need China trade deal before election

Sep. 20, 2019 1:05 PM EDT

WASHINGTON (AP) — President Donald Trump says he doesn't feel he needs to secure a trade deal with China before next year's election. Ahead of the next round of negotiations, Trump tells reporters Friday he wants a complete deal with China and won't accept one that only addresses some of the differences...

Twenty-three states sue to stop Trump administration from revoking California's authority to set auto emission standards

Sep. 20, 2019 1:04 PM EDT
SACRAMENTO, Calif. (AP) — Twenty-three states sue to stop Trump administration from revoking California's authority to set auto emission standards.

Iowa insurance pool leader defends Michigan resort meetings

Sep. 20, 2019 12:57 PM EDT

IOWA CITY, Iowa (AP) — The chairman of an Iowa government insurance program is defending its long practice of holding public meetings at resorts in Michigan and Florida and private clubs in Iowa. Jody Smith, board chairman of the Iowa Communities Assurance Pool since 1992, addressed the board's meeting...

House votes to end forced arbitration in business disputes

Sep. 20, 2019 12:44 PM EDT

WASHINGTON (AP) — The House approved a bill Friday to end forced arbitration clauses that prevent workers and consumers from filing lawsuits in disputes with companies over employment practices, billing or civil rights. Supporters, mostly Democrats, said the bill would restore access to justice for...

Major oil company plans 7 wells in Alaska petroleum reserve

Sep. 20, 2019 12:43 PM EDT

ANCHORAGE, Alaska (AP) — A major oil company will drill seven new exploratory wells in the National Petroleum Reserve-Alaska. ConocoPhillips is planning the work for this winter, the Alaska Journal of Commerce reported . The wells will be focused on the prospective Harpoon area southwest of the company's...

2 Federal Reserve officials highlight deep divisions

Sep. 20, 2019 12:36 PM EDT

WASHINGTON (AP) — Two Federal Reserve officials who dissented from this week's quarter-point rate cut on Friday highlighted the current deep divisions at the central bank. Eric Rosengren, head of the Fed's Boston regional bank and one of two officials who opposed the rate cut, said Friday that the...