Latest Business News

Lawyer: Man accused in Texas mass shooting was harassed

Apr. 14, 2021 12:12 PM EDT

BRYAN, Texas (AP) — The employee accused of opening fire at a Texas cabinet-making company was harassed by his colleagues before he fatally shot one man and wounded five other co-workers, his lawyer said. Larry Bollin remained in a Brazos County jail Wednesday on...

Coinbase is here: A cryptocurrency exchange goes public

Apr. 14, 2021 12:07 PM EDT

Wall Street is still waiting on the first trade for Coinbase, as the digital currency exchange makes its highly-anticipated debut on the stock market. Coinbase Global Inc. is making its initial public offering of stock Wednesday with cryptocurrency chatter seemingly...

Texas GOP Rep. Kevin Brady says he won't run again in 2022

Apr. 14, 2021 12:02 PM EDT

AUSTIN, Texas (AP) — Rep. Kevin Brady of Texas said Wednesday he won't run for re-election after 25 years in Congress, making him the most senior House Republican to announce he won't be back in 2022. Brady was chairman of the tax-writing Ways and Committee in 2017 when...

Stocks add to records after strong start to earnings season

Apr. 14, 2021 11:58 AM EDT

NEW YORK (AP) — U.S. stock indexes are tacking a bit more onto their record highs in midday trading Wednesday after big banks kicked off a highly anticipated earnings reporting season with profits that thundered past Wall Street’s expectations. The S&P 500 was...

Lawmakers chastise state labor leader on benefits claw back

Apr. 14, 2021 11:56 AM EDT

JEFFERSON CITY, Mo. (AP) — Several Missouri House members criticized the head of the state's labor department for continuing to try and collect portions of unemployment benefits some people mistakenly received during the coronavirus pandemic. The agency's actions came...

Ponzi schemer Bernie Madoff dies in prison at 82

Apr. 14, 2021 11:51 AM EDT

NEW YORK (AP) — Bernard Madoff, the infamous architect of an epic securities swindle that burned thousands of investors, outfoxed regulators and earned him a 150-year prison term, died behind bars early Wednesday. He was 82. Madoff's death at the Federal Medical Center...

Opposition accuses UK govt of sleaze amid lobbying scandal

Apr. 14, 2021 11:49 AM EDT

LONDON (AP) — A lobbying scandal swirling around former British Prime Minister David Cameron has deepened with claims that a senior civil servant held down a part-time job with a now-bankrupt financial firm that was awarded lucrative government contracts. It is the...

Mexico president focusing efforts to stop child migrants

Apr. 14, 2021 11:48 AM EDT

MEXICO CITY (AP) — Mexico President Andrés Manuel López Obrador said Wednesday he plans to visit his country’s southern border to discuss with governors and mayors there how to stop the smuggling of child migrants — an issue of growing concern for the United States. ...

We need to plan: UK travel urges clarity from government

Apr. 14, 2021 11:44 AM EDT

LONDON (AP) — Leaders from Britain's aviation industry joined forces Wednesday to urge the British government to ensure that popular European destinations face the least onerous coronavirus travel restrictions when holidays are allowed again. Under the government's new...

Europe scrambles as J&J vaccine delay deals another blow

Apr. 14, 2021 11:43 AM EDT

BARCELONA, Spain (AP) — European countries diverged Wednesday on whether they would push ahead with giving their residents Johnson & Johnson's COVID-19 vaccine after reports of very rare blood clots in a handful of recipients in the United States. While some...