Latest Business News

EU ambassador: Trump Cuba policy worries European companies

Apr. 24, 2019 10:42 AM EDT

HAVANA (AP) — The Trump administration's crackdown on business with Cuba's communist government is causing unprecedented concern among European companies on the island, according to the European Union's ambassador. "There's enormous worry," Ambassador Alberto Navarro told The Associated Press. "There are...

Train cars carrying ethanol catch fire in Texas derailment

Apr. 24, 2019 10:35 AM EDT

FORT WORTH, Texas (AP) — No one was hurt when a Union Pacific train carrying ethanol derailed in a residential area in Fort Worth and caught fire. Union Pacific spokeswoman Kristen South says the train derailed at about 12:30 a.m. Wednesday near Echo Lake in Fort Worth. South says the fire was mostly...

Stocks move sideways on Wall Street after record-setting day

Apr. 24, 2019 10:35 AM EDT

NEW YORK (AP) — U.S. stocks followed a record-setting day with more subdued trading Wednesday as investors continue digesting a steady flow of corporate earnings and a potential break in the trade war between the U.S. and China. Stocks are essentially stalling and bond prices are rising as investors pull...

How to break up with your bank

Apr. 24, 2019 10:31 AM EDT

Things happen in relationships — you grow apart, your partner gets to be too much for you, or worse — they do you wrong. Don't stay in a bad one just because it's easier than calling it quits: it's time to break up with your bank. We asked a few experts for their tips on how to do it: DECIDE The...

UK begins search for new Bank of England governor

Apr. 24, 2019 10:27 AM EDT

LONDON (AP) — The British government on Wednesday started the process to appoint the successor to Mark Carney as governor of the Bank of England, and indicated it is willing to look abroad again to get the right person. Carney, a Canadian who in July 2013 became the first foreigner to head the Bank of...

Boeing's troubled jet prompts it to pull 2019 forecast

Apr. 24, 2019 10:23 AM EDT

Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. The estimate was disclosed Wednesday in a presentation for investors as Boeing released...

The Latest: Boeing estimates 737 Max costs of $1 billion

Apr. 24, 2019 10:22 AM EDT

The Latest on Boeing Co.'s quarterly results. (all times local): _____ 10:20 a.m. Boeing estimates that it will spend $1 billion to fix the 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two deadly crashes. The estimate was...

Occidental makes competing offer for Anadarko Petroleum

Apr. 24, 2019 10:11 AM EDT

HOUSTON (AP) — A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer worth $76 per share in cash and stock that it says is about a 20% premium to Chevron's $33 billion deal. Occidental Petroleum Corp. said in a letter to Anadarko's board on Wednesday that its bid would give...

Reports Huawei to supply UK networks draw criticism

Apr. 24, 2019 9:53 AM EDT

LONDON (AP) — British officials downplayed reports that Prime Minister Theresa May will allow China's Huawei to supply parts of the U.K.'s new internet network, a decision that goes against U.S. pleas to ban the firm as it could help Beijing's spying efforts. British media reported Wednesday that the...

Ford to invest $500M in electric vehicle startup Rivian

Apr. 24, 2019 9:50 AM EDT

DETROIT (AP) — Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings. Ford Motor Co. will become a minority partner in Rivian, which is based outside of Detroit and recently...