Latest Business News

US home construction slips 0.3% in March

Apr. 19, 2019 9:01 AM EDT

WASHINGTON (AP) — U.S. home construction slipped 0.3% in March, as housing starts are running below last year's pace in a sign that inventory could be a challenge for would-be buyers. The Commerce Department says that housing starts last month were a seasonally adjusted annual rate of 1.14 million. So far...

Fiat Chrysler recalls over 300K cars due to rollaway risk

Apr. 19, 2019 8:03 AM EDT

DETROIT (AP) — Fiat Chrysler is recalling more than 300,000 vehicles in North America because a transmission problem could cause them to roll away unexpectedly. The recall covers Dodge Dart compact cars from 2013 through 2016 with six-speed automatic transmissions. The company says a bushing can fail,...

Honeywell to clean up chemical pollution in North Carolina

Apr. 19, 2019 7:51 AM EDT

RIEGELWOOD, N.C. (AP) — Federal authorities say they've reached a proposed settlement with two companies for the cleanup of a former chemical plant near the Cape Fear River. The Justice Department and the Environmental Protection Agency said in a news release Thursday that the settlement was reached with...

US official lauds Cyprus' anti-money laundering efforts

Apr. 19, 2019 7:40 AM EDT

NICOSIA, Cyprus (AP) — A senior U.S. Treasury Department official says Cyprus has done "outstanding" work to curtail money laundering. Treasury Department Assistant Secretary Marshall Billingslea says Cyprus has made "enormous progress and improvements" in its legal framework as well as in law enforcement....

Alibaba head's remarks spark debate over China working hours

Apr. 19, 2019 6:55 AM EDT

BEIJING (AP) — Chinese e-commerce tycoon Jack Ma has long been an example of how the power of big dreams, strong leadership and sheer elbow grease can create massive fortunes in China's go-go economy. Yet, recent remarks by the head of Chinese online business giant Alibaba that young people should be...

Global stocks modestly higher in quiet holiday trading

Apr. 19, 2019 4:40 AM EDT

TOKYO (AP) — Global stock indexes were mostly moderately higher in quiet holiday trading on Good Friday as some markets were closed. Trading was closed in France, Germany and the U.K. Japan's benchmark Nikkei 225 edged up 0.5% to finish at 22,200.56. South Korea's Kospi inched up 0.1% to2,216.15. The...

Worth the risk? It's not easy to put a value on a cathedral

Apr. 19, 2019 3:12 AM EDT

LONDON (AP) — Rebuilding Notre Dame, the 800-year-old Paris cathedral devastated by fire this week, will cost billions of dollars as architects, historians and artisans work to preserve the medieval landmark. But contrary to what one might think, little of the money will come from insurance companies....

China downplays political impact of global development push

Apr. 19, 2019 2:44 AM EDT

BEIJING (AP) — China downplayed the political implications of its global Belt and Road infrastructure initiative, saying Friday that it aimed to boost multilateralism amid protectionist trends in the U.S. and elsewhere. Foreign Minister Wang Yi said that a conference to promote the initiative to be held...

Toyota, SoftBank fund, Denso invest $1 billion in Uber

Apr. 19, 2019 1:02 AM EDT

TOKYO (AP) — Japan's top automaker Toyota, auto parts maker Denso and internet company SoftBank's investment fund are investing $1 billion in car-sharing Uber's technology unit. The Japanese companies said Friday that Toyota Motor Corp. and Denso Corp. will together invest $667 million and SoftBank Corp.'s...

Brands roll with stoner 'holiday' as pot legalization grows

Apr. 19, 2019 12:36 AM EDT

LOS ANGELES (AP) — Potheads have for decades celebrated their love of marijuana on April 20, but the once counter-culture celebration that was all about getting stoned now is so mainstream Corporate America is starting to embrace it. No, Hallmark doesn't yet have a card to mark "420." But many other...