Latest Business News

Asian shares rise after buying mood on Wall Street ends week

Dec. 9, 2019 12:18 AM EST

TOKYO (AP) — Asian shares were mostly higher Monday, cheered by a wave of buying late last week on Wall Street that was spurred by strong U.S. jobs numbers and optimism over China-U.S. trade. Japan's benchmark Nikkei 225 edged up 0.4% in early trading to 23,439.13, while Australia's S&P/ASX 200 added...

State AGs look to head off T-Mobile-Sprint deal in court

Dec. 9, 2019 12:02 AM EST

NEW YORK (AP) — A high-drama telecom deal is heading to court. T-Mobile, in its attempt to buy Sprint for $26.5 billion, has already notched approvals from key federal regulators. Now it must convince a federal judge that the 14 state attorneys general suing to stop the deal are wrong. A trial starts...

Japan economy marks 4th straight quarter of expansion

Dec. 8, 2019 11:55 PM EST

TOKYO (AP) — Japan's economy expanded at a faster than earlier estimated annual rate of 1.8% in July-September, powered by stronger consumer purchases and corporate investment ahead of an Oct. 1 tax hike. However that tax increase is expected to hurt growth in coming months. The data issued Monday were a...

Developer drops big NW Indiana project with incentives nixed

Dec. 8, 2019 4:39 PM EST

MERRILLVILLE, Ind. (AP) — A hotel developer has dropped plans for a $356 million project near one of northwestern Indiana’s busiest highway interchanges after local officials balked at the company’s incentives request. Merrillville-based White Lodging pitched its plan last year for a complex...

Average US price of gas drops 1 penny per gallon to $2.65

Dec. 8, 2019 4:30 PM EST

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline has dipped 1 penny per gallon (3.8 liters) to $2.65 over the past two weeks. Industry analyst Trilby Lundberg of the Lundberg Survey says Sunday that further cuts to retail gas prices are unlikely because crude oil costs are on the...

STORY REMOVED: AP-NABE Economic Outlook

Dec. 8, 2019 4:12 PM EST
WASHINGTON (AP) — The Associated Press has withdrawn its story about the United States' economic outlook because the report has an embargo of 12:01 a.m. Monday, Dec. 9. AP will resend the story when the embargo has lifted.

France braces for even worse travel woes, govt seeks answers

Dec. 8, 2019 3:02 PM EST

PARIS (AP) — France braced for even worse transportation woes when the new work week begins Monday due to nationwide strikes over the government's redesign of the national retirement system. French President Emmanuel Macron convened top officials to strategize for the high-stakes week ahead. Sunday saw...

Climate scientists try to cut their own carbon footprints

Dec. 8, 2019 3:02 PM EST

For years, Kim Cobb was the Indiana Jones of climate science. The Georgia Tech professor flew to the caves of Borneo to study ancient and current climate conditions. She jetted to a remote South Pacific island to see the effects of warming on coral. Add to that flights to Paris, Rome, Vancouver and elsewhere. All...

'Frozen 2' leads box office again; 'Playmobil' flops

Dec. 8, 2019 1:25 PM EST

NEW YORK (AP) — “Frozen 2” blanketed multiplexes for the third straight weekend, continuing its reign at No. 1 with $34.7 million in ticket sales, according to studio estimates Sunday. The Walt Disney Co. animated sequel has already grossed $919.7 million worldwide. It will soon become the...

Michigan nears deal to legalize sports, online gambling

Dec. 8, 2019 1:17 PM EST

LANSING, Mich. (AP) — The Legislature and Gov. Gretchen Whitmer are closing in on an agreement to legalize sports betting and internet gambling in Michigan, with final votes possible this week. The development would be a landmark in a state with many gambling options already. Those include three commercial...