Latest Business News

Kia to recall vehicles to fix problem that can cause fires

Jan. 16, 2019 2:17 PM EST

DETROIT (AP) — Kia says it will ignore the partial U.S. government shutdown and recall more than 68,000 vehicles to fix a fuel pipe problem that can cause engine fires. The problem stems from previous recall repairs due to engine failures. The Korean automaker also says it will do a "product improvement...

Gov. Cuomo: NY must go 100 percent clean energy by 2040

Jan. 16, 2019 2:16 PM EST

ALBANY, N.Y. (AP) — New York would adopt the most aggressive clean energy goal of any state under a plan from Gov. Andrew Cuomo that calls for 100 percent renewable energy by 2040. The Democrat says the state can wean itself off of fossil fuels by relying on wind, solar, hydroelectric and nuclear power....

May government faces no-confidence vote after Brexit defeat

Jan. 16, 2019 2:10 PM EST

LONDON (AP) — British Prime Minister Theresa May defied calls to resign as she faced a no-confidence vote Wednesday, a day after Parliament rejected her Brexit deal by a historic margin and unleashed a power struggle over control of Britain's planned withdrawal from the European Union. May was battling to...

Fed survey finds businesses worried by political uncertainty

Jan. 16, 2019 2:06 PM EST

WASHINGTON (AP) — The Federal Reserve says business contacts in many regions of the country expressed less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about a widening trade war. In its latest report on economic conditions around the country, the Fed says that...

Senate upholds Treasury decision to ease Russian sanctions

Jan. 16, 2019 2:05 PM EST

WASHINGTON (AP) — The Senate has narrowly upheld a Treasury Department decision to lift sanctions from three companies connected to Russian oligarch Oleg Deripaska. A vote to move forward on a Democratic resolution that would have reversed Treasury's decision failed Wednesday on a 57-42 vote, just short of...

Missouri Supreme Court: Health provider must pay woman $29M

Jan. 16, 2019 2:00 PM EST

SPRINGFIELD, Mo. (AP) — A Missouri health provider will have to pay tens of millions of dollars to a former patient with a rare disease after the state's Supreme Court rejected the hospital's appeal. The Springfield News-Leader reports that the high court ruled Tuesday that Mercy Clinic Springfield...

$22B purchase of First Data creates uncertainty for workers

Jan. 16, 2019 1:59 PM EST

OMAHA, Neb. (AP) — The $22 billion sale of First Data to Fiserv raises questions about the future of First Data's roughly 5,000 employees in Omaha. The companies announced the all-stock deal Wednesday. First Data, based in New York, says it facilitates $2.4 trillion in transactions each year. The company...

United's earnings, business-travel bookings boost shares

Jan. 16, 2019 1:56 PM EST

United Airlines executives say business travelers are booking flights at a faster clip than a year ago. The airline said Wednesday that business-travel bookings in the first week of January rose 11 percent from a year ago. On top of its quarterly earnings that beat expectations, the comments helped boost United's...

Lawsuit seeks to block Providence skyscraper project

Jan. 16, 2019 1:52 PM EST

PROVIDENCE, R.I. (AP) — A new lawsuit from a real estate appraisal firm and a nonprofit is seeking to block construction of what would be Rhode Island's tallest building. The widely-anticipated lawsuit was filed Friday, challenging the Providence City Council's controversial decision to raise the maximum...

Jewelry stores make $11M settlement over credit practices

Jan. 16, 2019 1:35 PM EST

NEW YORK (AP) — Officials say some well-known jewelry stores that promote sparkling romance engaged in credit practices that consumers might not love. New York Attorney General Letitia James and the Consumer Financial Protection Bureau announced Wednesday an $11 million settlement with Ohio-based Sterling...