Latest Business News

Samsung delays folding phone launch after breaking issues

Apr. 22, 2019 4:58 PM EDT

SAN FRANCISCO (AP) — Samsung is pushing back this week's planned public launch of its highly anticipated, $2000 folding phone after reports that reviewers' phones were breaking. The company had been planning to release the Galaxy Fold on Friday, but instead it will now run more tests and announce a new...

US stock indexes end mostly lower after listless trading day

Apr. 22, 2019 4:56 PM EDT

Wall Street capped a day of mostly sideways trading Monday with a slight gain for the benchmark S&P 500 index, as a spike in crude oil prices sent energy companies broadly higher. Energy sector stocks climbed as the price of crude oil hit its highest level since October after the U.S. government moved to...

The Latest: Tesla expects fully autonomous cars by next year

Apr. 22, 2019 4:46 PM EDT

SAN FRANCISCO (AP) — The Latest on Tesla's plans for fully-autonomous vehicles (all times local): 1:30 p.m. Tesla expects to have full self-driving cars in which humans won't have to touch the steering wheel around the second quarter of next year. CEO Elon Musk tells investors that the company's system of...

Kimberly-Clark and Marathon Oil post gains while Tesla falls

Apr. 22, 2019 4:40 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday: Kimberly-Clark Corp., up $6.70 to $130.25 The maker of Kleenex tissues and other consumer products reported a surge in profit that beat forecasts. Marathon Oil Corp., up $1.16 to $18.78 The oil company and its peers are benefiting...

Ohio top court to hear arguments in TV news defamation case

Apr. 22, 2019 4:31 PM EDT

COLUMBUS, Ohio (AP) — Ohio's Supreme Court will hear arguments Wednesday in an appeal involving a defamation lawsuit that alleged a television station falsely labeled three siblings as "robbers." A Columbus family sued WBNS-TV in 2016 after the station reported on a hover board robbery at Fort Rapids...

Markets Right Now: Stocks end mostly lower, oil price rises

Apr. 22, 2019 4:14 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks closed mostly lower on Wall Street, but energy companies rose sharply as the price of crude oil shot higher. Real estate and industrial companies as well as banks fell broadly on Monday. Simon Property Group...

Trump, business organization sue Democratic House chairman

Apr. 22, 2019 4:11 PM EDT

WASHINGTON (AP) — President Donald Trump and his business organization sued the Democratic chairman of the House oversight committee on Monday to block a subpoena that seeks years of the president's financial records. The complaint became the latest front in the intensifying battle between the president...

Back to Earth: Washington set to allow 'human composting'

Apr. 22, 2019 3:36 PM EDT

OLYMPIA, Wash. (AP) — Washington appears set to become the first state to allow a burial alternative known as "natural organic reduction" — an accelerated decomposition process that turns bodies into soil within weeks. The bill legalizing the process, sometimes referred to as "human composting," has...

PokerStars fined $10K for taking bets on NJ college teams

Apr. 22, 2019 3:27 PM EDT

ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have fined PokerStars $10,000 for taking bets on New Jersey college basketball teams in violation of the state's sports betting law. The state Division of Gaming Enforcement issued the fine on April 12, and posted it on its website last week....

Jury selection begins in 2nd trial over NCAA recruitment

Apr. 22, 2019 3:17 PM EDT

NEW YORK (AP) — Jury selection began Monday in the trial of an aspiring agent and a former amateur coach charged with bribing big-school coaches to boost their business prospects with amateur basketball players. The trial of business manager Christian Dawkins and ex-amateur league director Merl Code began...