Latest Business News

Literary 'superagent' Mort Janklow dies at 91

May. 25, 2022 19:58 PM EDT

NEW YORK (AP) — Mort Janklow, a colorful former corporate attorney who raised high the power of the literary agent as he brokered big advances for publishing, political and entertainment leaders, from Ronald Reagan and Al Gore to David McCullough and Barbara Walters, has died. ...

Elon Musk revises Twitter financing plan; shares jump

May. 25, 2022 19:54 PM EDT

SAN FRANCISCO (AP) — Tesla CEO Elon Musk on Wednesday revised the financing plan for his proposed $44 billion purchase of Twitter, raising investor hopes that the unpredictable billionaire still intends to pull off a deal roiled by market turbulence and Musk’s not-entirely-explicable concerns...

Lawsuit filed over plane crash that killed 8 off of NC coast

May. 25, 2022 19:49 PM EDT

The families of four people — including three teens — who died in a February plane crash off the North Carolina coast are suing the companies that owned the plane and employed the pilot, who also died. The suit claims the pilot failed to properly fly the single-engine plane in weather...

Ex-Illinois House leader Arroyo sentenced for bribery scheme

May. 25, 2022 19:44 PM EDT

CHICAGO (AP) — A former Democratic leader in the Illinois House was sentenced Wednesday to nearly five years in prison for his role in a bribery scheme. Luis Arroyo was handed a 57-month sentence by U.S. District Judge Steven Seeger after pleading guilty in November to a wire fraud...

Lawyer: 5 of 6 subway shooting witnesses couldn't ID gunman

May. 25, 2022 19:43 PM EDT

NEW YORK (AP) — A man accused of randomly murdering a fellow passenger on a New York City subway train made his first appearance in court Wednesday, where his lawyer urged the judge and the public not to rush to judgment. Andrew Abdullah, 25, was ordered held without bail in the...

Workers' advocates turned away at Dollar General meeting

May. 25, 2022 19:41 PM EDT

NASHVILLE, Tenn. (AP) — A civil rights advocate says he and two Dollar General store workers were denied access to the company's shareholder meeting Wednesday in Tennessee where they had been outside protesting for better pay and workplace safety improvements. The Rev. William...

Officer in Buffalo supermarket attack honored at funeral

May. 25, 2022 19:40 PM EDT

GETZVILLE, N.Y. (AP) — The retired police officer killed while trying to stop the gunman in a racist attack at a Buffalo supermarket was awarded the department's medal of honor at his funeral Wednesday, as the country processed another massacre at a Texas school that killed 19 children and two...

Administration opposes airlines in lawsuit over crew breaks

May. 25, 2022 19:35 PM EDT

The Biden administration has sided against the airline industry and urged the U.S. Supreme Court on Wednesday to uphold a California law that would provide more rest and meal breaks than airline crews are guaranteed under federal rules. The U.S. solicitor general and other...

EXPLAINER: Social media and the Texas shooter's messages

May. 25, 2022 18:50 PM EDT

Could Facebook have known about ominous direct-message threats made by a gunman who Texas authorities say massacred 19 children and two teachers at an elementary school? Could it have warned the authorities? Texas Gov. Greg Abbott revealed the online messages sent minutes before the...

Boeing capsule lands back on Earth after space shakedown

May. 25, 2022 19:30 PM EDT

CAPE CANAVERAL, Fla. (AP) — Boeing’s crew taxi returned to Earth from the International Space Station on Wednesday, completing a repeat test flight before NASA astronauts climb aboard. It was a quick trip back: The Starliner capsule parachuted into the New Mexico desert just four...