Latest Business News

Germany: Merkel's Bavarian allies critical on euro budget

Jun. 20, 2018 9:15 AM EDT

BERLIN (AP) — Chancellor Angela Merkel's Bavarian allies warned the German leader Wednesday against offering financial concessions to other European countries to resolve a conflict over migration that has shaken her government. At the same time, Merkel's hopes of reaching a deal with other European...

Disney ups Twenty-First Century Fox to more than $70.3B

Jun. 20, 2018 8:59 AM EDT

NEW YORK (AP) — The mouse is chasing the fox. Disney is upping the ante for Fox, making a $70.3 billion counterbid for Fox's entertainment businesses following Comcast's $65 billion offer for the company. The battle for Twenty-First Century Fox reflects a new imperative among entertainment and...

Fixing a massive NYC plumbing leak, 55 stories underground

Jun. 20, 2018 8:57 AM EDT

NEWBURGH, N.Y. (AP) — New York City is in the midst of a plumbing repair job of monumental proportions. Hard-hat workers are toiling deep underground, 55 stories beneath the Hudson River, to eliminate gushing leaks in an aging tunnel that carries half the city's water supply over 85 miles from Catskill...

Edmunds: How to avoid fraud when buying a car online

Jun. 20, 2018 8:47 AM EDT

Imagine that you are looking for a used car on a popular site, such as Autotrader, Cars.com or Craigslist. You find exactly the one you want, with a very attractive price. The ad has photos galore and even a link to a vehicle history report, which shows the car is in good condition and has a clean title. There's...

FDA backs off added sugar label for maple syrup, honey

Jun. 20, 2018 8:47 AM EDT

MONTPELIER, Vt. (AP) — The U.S. Food and Drug Administration is backing off its plan to label pure natural products like maple syrup and honey as containing added sugars. Maple syrup and honey producers had rallied against the plan, saying FDA's upcoming requirement to update nutrition labels to tell...

Disney boosts its offer for most of Twenty-First Century Fox, bidding war with Comcast heats up

Jun. 20, 2018 8:17 AM EDT
NEW YORK (AP) — Disney boosts its offer for most of Twenty-First Century Fox, bidding war with Comcast heats up.

Global stocks rise, unfazed by US-China tensions

Jun. 20, 2018 7:41 AM EDT

SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world's two largest economies over trade. KEEPING SCORE: Germany's DAX was up 0.1 percent to 12,692 and France's CAC 40 added 0.2 percent to 5,400....

Electric promise: Volvo Cars opens first US factory

Jun. 20, 2018 7:40 AM EDT

RIDGEVILLE, S.C. (AP) — Volvo Cars, the first major automaker to abandon cars powered solely by internal combustion engines, is officially opening its first plant in the United States. The Swedish carmaker aims to make 130,000 hybrid or all-electric vehicles a year at the South Carolina factory, once it...

Alexa, I can trust you with my checkbook, right?

Jun. 20, 2018 7:19 AM EDT

NEW YORK (AP) — Hey Alexa, what's my bank account balance? Big banks and financial companies have started to offer banking through virtual assistants — Amazon's Alexa, Apple's Siri, and Google's Assistant — in a way that will allow customers to check their balances, pay bills and, in the near...

Summer drinks may lack fizz amid carbon dioxide shortage

Jun. 20, 2018 6:38 AM EDT

LONDON (AP) — A British trade group says there's a shortage of carbon dioxide in Northern Europe, sparking fears that drinks may lack fizz just as thirsty soccer fans fill pubs for the World Cup. Gavin Partington, director-general of the British Soft Drinks Association, says the shortage is due to the...