Latest Business News

Protests erupt as Spain convicts leading Catalan separatists

Oct. 14, 2019 12:34 PM EDT

MADRID (AP) — Riot police charged at protesters outside Barcelona's airport Monday after the Supreme Court sentenced 12 prominent Catalan separatists to lengthy prison terms for their roles in a 2017 push for the wealthy Spanish region's independence. Police used batons against the protesters who converged...

The Latest: Married Nobel winners recount wake-up call

Oct. 14, 2019 12:33 PM EDT

STOCKHOLM (AP) — The Latest on the Nobel prize in economics (all times local): 6:30 p.m. Abhijit Banerjee and Esther Duflo say they weren't quite sure how to react when the married couple's Nobel Economics Prize wake-up call came. Duflo says that when the phone rang early Monday, she answered and was told...

Report: Softbank could take control of WeWork

Oct. 14, 2019 12:10 PM EDT

NEW YORK (AP) — Japanese investment firm Softbank could take control of WeWork as part of a financial package to address the company's cash crunch since its botched effort to sell the public its stock, according to The Wall Street Journal. The deal would further sideline co-founder Adam Neumann, who...

The Latest: Ireland: Brexit talks could go into next week

Oct. 14, 2019 11:57 AM EDT

LONDON (AP) — The Latest on Brexit (all times local): 5:55 p.m. Both Ireland and Spain are starting to say the Brexit negotiations could well spill beyond this week and go right down to the wire at the end of the month. Irish Foreign Minister Simon Coveney said late Monday it was "too early to say if it is...

Stocks stall in midday trading as caution lingers over trade

Oct. 14, 2019 11:55 AM EDT

NEW YORK (AP) — Stocks stalled in midday trading on Wall Street Monday as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were posting some solid gains even as the energy sector fell because of a decline in the price of...

3 economists who study poverty win Nobel Prize

Oct. 14, 2019 11:53 AM EDT

STOCKHOLM (AP) — Two researchers from the Massachusetts Institute of Technology and a third from Harvard University won the 2019 Nobel Prize in economics on Monday for groundbreaking research into what works and what doesn't in the fight to reduce global poverty. The award went to MIT's Abhijit Banerjee...

Markets Right Now: Stocks wobble as trade questions linger

Oct. 14, 2019 11:47 AM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are wobbling between gains and losses as investors remain cautious about the prospects of a full trade agreement between the U.S. and China. Technology and health care stocks were rising in midday trading...

The Latest: Anti-secession groups applaud Catalonia verdict

Oct. 14, 2019 11:33 AM EDT

MADRID (AP) — The Latest on the conviction of Catalan politicians and activists (all times local): 5:20 p.m. Catalonia residents who oppose the region breaking away from Spain are welcoming the Spanish Supreme Court's conviction of 12 politicians and activists who led a failed secession attempt in 2017....

Pope's bodyguard resigns over new financial leaks scandal

Oct. 14, 2019 11:27 AM EDT

VATICAN CITY (AP) — The Vatican's latest leaks scandal claimed its first victim Monday, as Pope Francis' chief bodyguard resigned over the leak of a Vatican police flyer identifying five employees who were suspended as part of a financial investigation. The Vatican said its police chief, 57-year-old...

Liz Weston: In 'SIM swap,' criminals really have your number

Oct. 14, 2019 11:21 AM EDT

If you're not familiar with SIM swap fraud, prepare to be terrified. This scam, also known as port-out or SIM splitting fraud, allows criminals to hijack your cell phone number. Once they have your number, the bad guys can clean out your financial accounts, confiscate your email, delete your data and take over...