Latest Business News

Sparks pot lab’s license suspended over THC testing levels

Nov. 20, 2019 2:58 PM EST

SPARKS, Nev. (AP) — State officials have suspended the marijuana license of a Sparks laboratory accused of altering THC levels during the testing of pot products, the Reno Gazette Journal reported Wednesday. The Nevada Department of Taxation issued an advisory on Monday saying Certified Ag Labs LLC...

Bloomberg spending $15M-$20M to register half million voters

Nov. 20, 2019 2:57 PM EST

WASHINGTON (AP) — As he moves toward a presidential announcement, New York billionaire Michael Bloomberg is rolling out plans to spend an estimated $15 million to $20 million on a voter registration drive designed to weaken President Donald Trump’s reelection chances in five battleground states....

Uber to let users record audio of rides in Brazil, Mexico

Nov. 20, 2019 2:48 PM EST

NEW YORK (AP) — Uber will allow passengers and drivers in Brazil and Mexico to record audio of their rides as it attempts to improve its safety record and image. The ride-hailing company plans to pilot the feature in cities in both countries in December. It eventually hopes to launch it in other markets,...

Fed minutes: Officials felt 3 cuts this year could be enough

Nov. 20, 2019 2:46 PM EST

WASHINGTON (AP) — Most Federal Reserve officials believed last month that the three rate cuts they have made this year would be enough unless the economy weakened significantly. The minutes of the October Fed meeting, released Wednesday, reveal that “most participants” thought that this...

Clintons focus on economic inequality at Arkansas conference

Nov. 20, 2019 2:41 PM EST

LITTLE ROCK, Ark. (AP) — Former President Bill Clinton said Wednesday that efforts to increase access to credit and financial assistance in underserved areas can help bridge America’s partisan divide, as he and his wife, former Secretary of State Hillary Clinton, hosted a daylong summit focused on...

GM sues Fiat Chrysler over union bribes

Nov. 20, 2019 2:14 PM EST

DETROIT (AP) — General Motors is suing Fiat Chrysler, alleging that its crosstown rival got an unfair business advantage by bribing officials of the United Auto Workers union. The lawsuit, filed Wednesday in U.S. District Court in Detroit, alleges that FCA was involved in racketeering by paying millions in...

Stocks slide on Wall Street over new trade war concerns

Nov. 20, 2019 2:10 PM EST

Stocks moved broadly lower in afternoon trading on Wall Street Wednesday as investors turned anxious about the possibility that the U.S. and China may not reach a trade deal before next year. A published report suggested a “phase one” trade pact may not be completed this year as negotiators continue...

Malta arrests exec, apparently linked to journalist slaying

Nov. 20, 2019 2:06 PM EST

VALLETTA, Malta (AP) — Maltese authorities arrested a prominent businessman Wednesday who appears to be a “person of interest” in the assassination of a prominent investigative reporter on the Mediterranean island. Yorgen Fenech was on a yacht heading north from Malta that was intercepted by...

Road-safety regulator rapped over regulating autonomous cars

Nov. 20, 2019 2:02 PM EST

WASHINGTON (AP) — The nation’s road-safety regulator is under fire again for what critics call lax oversight of tests involving autonomous vehicles. The nation’s top transportation safety investigator said Tuesday that the National Highway Traffic Safety Administration doesn’t give...

Fed minutes: Officials felt 3 rate cuts this year should be enough unless economy slows significantly

Nov. 20, 2019 2:02 PM EST
WASHINGTON (AP) — Fed minutes: Officials felt 3 rate cuts this year should be enough unless economy slows significantly.