Latest Business News

Report: black lung funding cut will cost taxpayers billions

Dec. 10, 2019 8:24 AM EST

LOUISVILLE, Ky. (AP) — A cut to the tax coal companies pay to fund a trust for sick miners will cost taxpayers at least $15 billion by 2050, according to a new report from a national watchdog group. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of...

Global stocks sink ahead of US tariff deadline

Dec. 10, 2019 8:14 AM EST

BEIJING (AP) — Stock markets around the world fell sharply Tuesday as nervous investors watched a rapidly approaching deadline for more U.S. tariffs on Chinese imports. Markets also have their eyes on American and European interest rate decisions coming this week and the outcome of Britain's general...

Rule-breaker Boris Johnson faces toughest test in election

Dec. 10, 2019 8:13 AM EST

LONDON (AP) — Boris Johnson defies political gravity. Britain’s prime minister has failed to deliver on his core promise -- to take the country out of the European Union by Oct. 31. He has repeatedly been caught lying. He has used offensive and racist language, and most voters don’t trust...

Millennial Money: How procrastinators can win at gift-giving

Dec. 10, 2019 7:44 AM EST

Check the calendar. No, this isn’t a dream. It really is December, and Christmas Day is staring you straight in the face. And if you celebrate Hanukkah, it’s coming even sooner. Where did the holiday season go? Well, no time to reminisce now. It’s down to the wire, but there are still methods...

Japanese regulators recommend $22 million fine on Nissan

Dec. 10, 2019 7:26 AM EST

TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) for under-reporting compensation for its former chairman, Carlos Ghosn. The watchdog, the Securities and Exchange Surveillance Commission, said Tuesday it made the recommendation to...

Johnson dodges UK's health woes, wants to talk about Brexit

Dec. 10, 2019 7:18 AM EST

LONDON (AP) — British Prime Minister Boris Johnson sought Tuesday to get his campaign back to the issue of Brexit after coming under fire for his lack of empathy for looking away from an image of child sleeping on a hospital room floor while seeking treatment. The story of 4-year-old Jack has overshadowed...

World trade without rules? US shuts down WTO appeals court

Dec. 10, 2019 7:12 AM EST

GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a...

Food delivery service Just Eat rejects new takeover offer

Dec. 10, 2019 6:47 AM EST

LONDON (AP) — Food delivery company Just Eat rejected a sweetened takeover bid from investment firm Prosus on Tuesday, saying that the 5 billion pound ($6.6 billion) offer still “significantly undervalues” the company. Prosus N.V., which is owned by the wealthy South African investment group...

Bloomberg shows up as climate UN talks get into tough phase

Dec. 10, 2019 6:36 AM EST

MADRID (AP) — American billionaire and Democratic presidential contender Michael Bloomberg says that the next U.S. president should halt fossil fuel subsidies altogether. Bloomberg, who launched his campaign less than three weeks ago, is attending a United Nations global climate conference in Madrid that...

Deere plans more layoffs at Davenport plant

Dec. 10, 2019 6:31 AM EST

DAVENPORT, Iowa (AP) — Deere & Co. plans to lay off nearly 60 more workers at its Davenport Works plant. The company said Monday that it notified the workers Dec. 2 and said the cuts would be effective Jan. 6. Deere announced earlier this fall that it was laying off more than 110 workers from the...