Latest Business News

Stock trading is muted as investors wait for Fed statement

Jun. 19, 2019 1:43 PM EDT

U.S. stock indexes moved sideways in afternoon trading Wednesday on Wall Street ahead of a highly anticipated Federal Reserve statement on interest rates. The muted trading follows two days of gains that are driving a June rebound in stocks after a dismal sell-off in May. The broad S&P 500 index is within...

Survey: Owners having problems with driver-assist systems

Jun. 19, 2019 1:40 PM EDT

DETROIT (AP) — As auto companies continue to fix buggy touch-screen infotainment systems, a survey of new-vehicle buyers has found there's a different technology posing problems: driver assist systems such as automatic emergency braking. The annual survey by J.D. Power found that as the electronic safety...

New FAA airport grants for Reno, Winnemucca, Minden, Fallon

Jun. 19, 2019 1:37 PM EDT

RENO, Nev. (AP) — The Federal Aviation Administration has awarded federal grants for a number of airports in northern Nevada, including $14.6 million for runway reconstruction and lighting improvements at Reno-Tahoe International Airport. U.S. Transportation Secretary Elaine Chao announced more than $3.1...

Subscription services make life easier, but costs can add up

Jun. 19, 2019 1:36 PM EDT

Sure it's nice to have your groceries delivered now and then. Ditto dinner. Want to stream your favorite movies? Why not. Curated clothes and books sent to your home? Yes please. But too much convenience can cost you. "It's very easy for consumers to lose track of what they are purchasing," said Kate Ryan, a...

UK Tory race down to 4 as rivals vie to catch Boris Johnson

Jun. 19, 2019 1:35 PM EDT

LONDON (AP) — The race to become Britain's next prime minister is down to the final four on Wednesday, as Boris Johnson stretched his lead among Conservative lawmakers and upstart Rory Stewart was eliminated from the contest. Johnson, a former London mayor and U.K. foreign secretary, won 143 of 313 votes...

Norway islanders want to go 'time-free' when sun doesn't set

Jun. 19, 2019 1:31 PM EDT

COPENHAGEN, Denmark (AP) — Residents of a Norwegian island where the sun doesn't set for 69 days of the year want to go "time-free" and have more flexible school and working hours to make the most of their long summer days. People on the island of Sommaroey are pushing to get rid of traditional business...

Cracker Barrel bars church event over LGBT execution remarks

Jun. 19, 2019 1:31 PM EDT

KNOXVILLE, Tenn. (AP) — Cracker Barrel said it won't host an event by a Tennessee church whose pastor was a detective who preached that the government should execute gay people. The restaurant chain said Tuesday on Twitter that it's not affiliated with All Scripture Baptist Church or its pastor, ex-Knox...

2 big US coal companies combine Wyoming, Colorado operations

Jun. 19, 2019 1:26 PM EDT

Two of the world's largest coal producers have announced they will combine mining operations in Wyoming and Colorado in an attempt to improve their competitiveness against natural gas and renewable energy sources. Arch Coal and Peabody Energy are based in St. Louis and announced the joint venture on Wednesday. It...

The Latest: UK prime minister pool cut to 4, Johnson at top

Jun. 19, 2019 1:11 PM EDT

LONDON (AP) — The Latest on Conservative Party voting to pick Britain's next prime minister (all times local): 6:05 p.m. The contest to become Britain's next prime minister is down to four candidates, with Boris Johnson building on his commanding lead in a Conservative Party vote. Johnson gained 143 of 313...

AP FACT CHECK: Trump's boasts, blasts and promises at rally

Jun. 19, 2019 12:53 PM EDT

WASHINGTON (AP) — President Donald Trump boasted with abandon in launching his 2020 re-election campaign, overreached in excoriating his critics and promised progress on his border wall and health care that is improbable at best. In those respects, his latest campaign rally was much like any other by the...