Latest Business News

N Korea confirms missile test designed for submarine launch

Oct. 19, 2021 20:26 PM EDT

SEOUL, South Korea (AP) — North Korea announced Wednesday that it had tested a newly developed missile designed to be launched from a submarine, the first such weapons test in two years and one it says will bolster its military’s underwater operational capability. The...

Ex-soldiers protest in Guatemala to get civil war payment

Oct. 19, 2021 20:17 PM EDT

GUATEMALA CITY (AP) — Former soldiers who are demanding they be paid a war-time bonus for serving in Guatemala’s 1960-1996 civil war burst onto the grounds of the country’s congress building Tuesday and set several vehicles on fire. The protesters broke down gates...

Businesses nervously await fine print of vax-or-test rule

Oct. 19, 2021 20:15 PM EDT

WASHINGTON (AP) — More than six weeks after promising a new vaccination-or-testing rule covering the millions of Americans at companies with 100 or more workers, President Joe Biden’s most aggressive move yet to combat the COVID-19 pandemic is almost ready to see the light of day. ...

30 business leaders are promoting sustainable investments

Oct. 19, 2021 20:09 PM EDT

UNITED NATIONS (AP) — Thirty top business leaders are seeking to encourage private investment to help the U.N. achieve development goals for 2030, including tackling climate change, preserving the environment, ending poverty, promoting economic growth, and improving health care and...

Netflix posts higher 3Q earnings, solid subscriber growth

Oct. 19, 2021 19:58 PM EDT

Netflix posted sharply higher third-quarter earnings Tuesday thanks to a stronger slate of titles, including “Squid Game,” the dystopian survival drama from South Korea that the company says became its biggest-ever TV show. The company has ramped up production,...

US Labor Department warns 3 GOP states over COVID rules

Oct. 19, 2021 19:42 PM EDT

PHOENIX (AP) — The Biden administration threatened Tuesday to revoke the authority for three Republican-controlled states to handle their own workplace safety enforcement because they have refused to adopt rules to protect health care workers from COVID-19. The threats...

Man builds backcountry skiing destination on family's land

Oct. 19, 2021 19:42 PM EDT

PIKE, N.H. (AP) — A New Hampshire man is converting his family's land into a backcountry skiing destination with the help of local organizations and volunteers. Warren Bunnell's grandfather bought land in the small village of Pike, 5 miles from Haverhill, about 40 years...

Canadian National CEO retiring in face of investor pressure

Oct. 19, 2021 19:37 PM EDT

OMAHA, Neb. (AP) — Canadian National's CEO is retiring instead of staying to fight against an investor who has been pushing for his ouster. The Montreal-based railroad on Tuesday announced JJ Ruest's decision to retire at the end of January without mentioning the...

Thousands of online, sports bets placed on Conn.'s 1st day

Oct. 19, 2021 19:32 PM EDT

Thousands of virtual bets started being placed early Tuesday, the first day that online sports wagering and casino games were made available to all eligible adults within Connecticut. Rodney Butler, chairman of the Mashantucket Pequot Tribal Nation, owners of Foxwoods...

Arkansas governor delays plans for session on tax cuts

Oct. 19, 2021 19:23 PM EDT

LITTLE ROCK, Ark. (AP) — Arkansas Gov. Asa Hutchinson on Tuesday backed off plans to call the Legislature back to the Capitol next week to take up income tax cuts as he continued negotiating with lawmakers on how much to reduce. The Republican governor delayed the...