Latest Business News

Trade war's losers could include microchips, energy, banks

Aug. 18, 2019 11:58 AM EDT

NEW YORK (AP) — Looking across the stock market, it's hard to find a company that isn't vulnerable in some degree to the U.S.-China trade war. Stocks of companies that do lots of business with China, such as chipmakers and other technology companies, are obvious candidates for investors to sell when trade...

Trump economic adviser plays down fears of looming recession

Aug. 18, 2019 11:53 AM EDT

BERKELEY HEIGHTS, N.J. (AP) — President Donald Trump's top economic adviser is playing down fears of a looming recession after last week's sharp drop in the financial markets and predicting the economy will perform well in the second half of 2019. Larry Kudlow said in Sunday television interviews that...

Company says it can safely mine near Georgia wildlife refuge

Aug. 18, 2019 11:06 AM EDT

ST. GEORGE, Ga. (AP) — The president of an Alabama company says he's confident that his firm can mine land just east of the Okefenokee National Wildlife Refuge without polluting the water or soil, despite concerns expressed by a federal agency. Twin Pines Minerals President Steve Ingle made the comments at...

Leaked UK memos warn of food, drug shortages in Brexit chaos

Aug. 18, 2019 10:24 AM EDT

LONDON (AP) — Secret British government documents have warned of serious disruptions across the country in the event that the U.K. leaves the European Union without a trade deal on Oct. 31, according to a report. The Sunday Times newspaper published what it said was what the British government expects in...

Backers of rural dental care find something to smile about

Aug. 18, 2019 8:42 AM EDT

AUGUSTA, Maine (AP) — It can be hard to keep smiles healthy in rural areas, where dentists are few and far between and residents often are poor and lack dental coverage. Efforts to remedy the problem have produced varying degrees of success. The biggest obstacle? Dentists. Dozens of countries, such as New...

Trump wields sanctions hammer; experts wonder to what end

Aug. 18, 2019 8:31 AM EDT

WASHINGTON (AP) — Call it the diplomacy of coercion. The Trump administration is aggressively pursuing economic sanctions as a primary foreign policy tool to an extent unseen in decades, or perhaps ever. Many are questioning the results even as officials insist the penalties are achieving their aims. Since...

Livingston voters to decide if town stays dry

Aug. 18, 2019 8:29 AM EDT

LIVINGSTON, La. (AP) — Buying anything stronger than beer in the Louisiana town of Livingston has been next to impossible for quite some time, but that could soon be changing. WAFB-TV reports voters started a petition to loosen some of the town's alcohol laws, and the town's board of aldermen recently...

Demolition levels UK power plant once named a top eyesore

Aug. 18, 2019 8:12 AM EDT

LONDON (AP) — A British power station once voted one of the country's ugliest sights has been mostly destroyed in a controlled demolition. The cooling towers of the disused coal-fired plant in Didcot, 55 miles (90 kilometers) west of central London, were leveled early Sunday. The complex, including its...

Illinois sues company after lead found in village's water

Aug. 17, 2019 9:04 PM EDT

UNIVERSITY PARK, Ill. (AP) — Illinois alleges that a company that provides water to a Chicago suburb made changes without permission from state regulators that caused lead to contaminate the village's drinking water. Attorney General Kwame Raoul filed a lawsuit Friday against Aqua Illinois, the company...

Argentina's treasury minister resigns, senior official says

Aug. 17, 2019 7:11 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's treasury minister, Nicolás Dujovne, resigned Saturday and will be replaced by the economy minister of the country's most populous state, a senior official in the presidential office said. The resignation came three days after President Nicolas Macri announced...