Latest Business News

Yemen rebels claim attack that set Saudi oil field on fire

Aug. 17, 2019 9:06 AM EDT

DUBAI, United Arab Emirates (AP) — Drones claimed by Yemen's Houthi rebels attacked a massive oil and gas field deep inside of Saudi Arabia's sprawling desert on Saturday, causing what the kingdom described as a "limited fire." The claimed Houthi attack on the Shaybah oil field, which produces some 1...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

Dollar General expands in Siouxland, grocers report losses

Aug. 17, 2019 1:06 AM EDT

KINGSLEY, Iowa (AP) — When Chet Davis opened his grocery store in Kingsley roughly 40 years ago, he faced competition from two other established grocers in the Northwest Iowa town of about 1,400. His family business, Chet's Foods, eventually emerged as the sole survivor. But the proprietor of the...

Beer named for Pacific island nuke test site draws criticism

Aug. 17, 2019 12:27 AM EDT

HAGATNA, Guam (AP) — A Texas-based company is facing criticism for naming a beer after the location of nuclear tests that resulted in the contamination of a Pacific island chain, a report said. Manhattan Project Beer Company is under scrutiny by Marshall Islanders who were exposed to high levels of...

New Mexico unemployment unchanged at 4.9 percent in July

Aug. 16, 2019 11:57 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico's unemployment rate in July remained at 4.9 percent. Seasonally adjusted figures released Friday show the jobless rate was unchanged from a month earlier but up from 4.8 percent a year earlier. Excluding agriculture, employment grew by 21,700 jobs from July 2018, with...

Nevada judge asked to let new wave of retail pot shops open

Aug. 16, 2019 9:29 PM EDT

LAS VEGAS (AP) — Attorneys for Nevada and some companies that won retail marijuana dispensary licenses last year told a judge Friday that mistakes might have been made, but tax officials are fairly enforcing a voter-approved initiative that legalized recreational cannabis. There would be no reason to stop...

Leader of largest US organic food fraud gets 10-year term

Aug. 16, 2019 9:24 PM EDT

CEDAR RAPIDS, Iowa (AP) — A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn't want. U.S. District Judge C.J. Williams said Randy Constant orchestrated a...

Jury to decide PG&E's role in California wine country fire

Aug. 16, 2019 9:03 PM EDT

SAN FRANCISCO (AP) — A judge presiding over Pacific Gas and Electric's bankruptcy case agreed Friday to allow a state jury to decide whether the power company's equipment ignited a devastating wildfire in California wine country nearly two years ago. State fire investigators have already determined the...

China flexes muscle near Hong Kong amid more weekend rallies

Aug. 16, 2019 8:54 PM EDT

SHENZHEN, China (AP) — Members of China's paramilitary People's Armed Police marched and practiced crowd control tactics at a sports complex in Shenzhen across from Hong Kong in what some interpreted as a threat against pro-democracy protesters in the semi-autonomous territory. The sound of marching boots...

Java still a no-no for Mormons despite fancy coffee names

Aug. 16, 2019 8:32 PM EDT

SALT LAKE CITY (AP) — The Church of Jesus Christ of Latter-day Saints has issued a warning to members that coffee is prohibited no matter how fancy the name, that vaping is banned despite the alluring flavors and that marijuana is outlawed unless prescribed by "competent" doctors. The new guidance in the...