Latest Business News

US military targets Houthi radar sites in Yemen after a merchant sailor goes missing

Jun. 16, 2024 00:31 AM EDT

DUBAI, United Arab Emirates (AP) — The U.S. military unleashed a wave of attacks targeting radar sites operated by Yemen’s Houthi rebels after one merchant sailor went missing and the vessel he was on caught fire in the latest Houthi strike on shipping in the crucial Red Sea corridor,...

Chinese premier promises more pandas and urges Australia to put aside differences

Jun. 16, 2024 00:18 AM EDT

MELBOURNE, Australia (AP) — Chinese Premier Li Qiang's visit to Australia on Sunday focused on positive aspects of the bilateral relationship including shared giant pandas and a rebounding wine trade as he promised a new breeding pair of the rare bears and urged both countries to put aside their...

Toyota shareholders demand vote against chairman Toyoda as automaker embroiled in testing scandal

Jun. 15, 2024 23:08 PM EDT

TOKYO (AP) — Toyota’s chairman Akio Toyoda will be facing some disgruntled shareholders this week, as two major proxy groups demand a vote against keeping the grandson of the founder on its board. The vote expected at the June 18 annual shareholders meeting comes after Toyota...

Texan whose husband died by hot tub electrocution at Mexican beach resort files wrongful death suit

Jun. 15, 2024 19:55 PM EDT

MEXICO CITY (AP) — An American tourist was killed and his wife hospitalized after being electrocuted in a hot tub in a Mexican beach town earlier this week, an incident that prompted the family to sue the resort for wrongful death and negligence, their lawyers said Saturday. The...

Divers find remains of Finnish WWII plane that was shot down by Moscow with a US diplomat aboard

Jun. 15, 2024 18:44 PM EDT

HELSINKI (AP) — The World War II mystery of what happened to a Finnish passenger plane after it was shot down over the Baltic Sea by Soviet bombers appears to finally be solved more than eight decades later. The plane was carrying American and French diplomatic couriers in June...

Haitian leaders oust police chief and appoint a new one as gang violence claims officers’ lives

Jun. 15, 2024 13:04 PM EDT

PORT-AU-PRINCE, Haiti (AP) — Haitian leaders have ousted Frantz Elbé, the beleaguered director of Haiti’s National Police, following months of criticism that he wasn’t doing enough to protect officers under assault by gangs. A government official not authorized to speak to the...

Derek Jeter's New York castle might finally have a buyer

Jun. 15, 2024 12:29 PM EDT

GREENWOOD LAKE, N.Y. (AP) — Former New York Yankees superstar Derek Jeter has found a potential buyer for his New York castle after the sprawling lakefront property had its price tag slashed by more than half. The property, known as Tiedemann Castle, went into contract with a...

Italian Premier Meloni describes Putin's cease-fire offer for Ukraine as 'propaganda'

Jun. 15, 2024 12:15 PM EDT

BORGO EGNAZIA, Italy (AP) — Italian Premier Giorgia Meloni on Saturday dismissed a cease-fire offer for Ukraine by Russian President Vladimir Putin as “propaganda,” as she wrapped up a Group of Seven summit that saw a deal reached for a $50 billion loan to Ukraine. The loan...

Kansas lawmakers poised to lure Kansas City Chiefs from Missouri, despite economists' concerns

Jun. 15, 2024 11:57 AM EDT

TOPEKA, Kan. (AP) — A 170-year-old rivalry is flaring up as Kansas lawmakers try to snatch the Super Bowl champion Kansas City Chiefs away from Missouri even though economists long ago concluded subsidizing pro sports isn't worth the cost. The Kansas Legislature's top leaders...

Some hawking stem cells say they can treat almost anything. They can't

Jun. 15, 2024 11:41 AM EDT

The mailings promised “Life Without Pain!” via stem cell injections or IVs administered in a patient’s own home. The allure was obvious: more than 20% of U.S. adults endure chronic pain. The flyers invited Iowans to free dinners across the state. Afterward, sales people...