Latest Business News

Same as it ever was: worker health benefit costs rise again

Nov. 17, 2019 8:01 AM EST

In the ever-shifting world of company-provided health insurance, here’s a constant: It keeps getting more expensive. Workers may learn that their doctor will no longer be covered or they might have to pay a higher deductible before most coverage begins. Meanwhile, the employer paying most of the insurance...

White House urgently ramps up push for drug cost legislation

Nov. 17, 2019 7:56 AM EST

WASHINGTON (AP) — The White House is ramping up its push to get a bill through Congress that curbs prescription drug costs, feeling a new urgency as the impeachment investigation advances amid the 2020 election campaign. The effort has progressed beyond anything seen in years, says President Donald...

Dubai Airshow opens as big Gulf airlines slow down purchases

Nov. 17, 2019 7:31 AM EST

DUBAI, United Arab Emirates (AP) — The Middle East’s biggest aviation event, the Dubai Airshow, opened Sunday without any major deals as flagship Gulf carriers rein back big-ticket purchases. This year’s lackluster start could be seen as a reflection of the various challenges facing the...

Venice braces for another exceptional tide, tourists flee

Nov. 17, 2019 3:29 AM EST

VENICE, Italy (AP) — Venetians are bracing for the prospect of another exceptional tide in a season that is setting records. Officials are forecasting a 1.6 meter (5 feet, 2 inch) surge of water Sunday through the lagoon city. That comes after Tuesday’s 1.87-meter flood, the worst in 53 years,...

Saudi Aramco to sell 1.5% stake, valuing company up to $1.7T

Nov. 17, 2019 3:28 AM EST

DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-owned oil giant Aramco announced Sunday it will sell a 1.5% stake in the company as it looks to raise as much as $25.6 billion from the sale. The newly released figures also revealed a valuation for the company that’s between $1.6...

Italy’s white truffle hunters worry about climate change

Nov. 17, 2019 2:49 AM EST

ALBA, Italy (AP) — Rising global temperatures are worrying truffle hunters around in the Italian town of Alba, where the most prized specimens can fetch twice the price of gold. This particularly warm October, eight out of 10 white truffles unearthed by Carlo Olivero with his trusty 3-year-old dog Steel...

Protests grip major Iran cities over gas prices; 1 killed

Nov. 16, 2019 8:27 PM EST

DUBAI, United Arab Emirates (AP) — Protesters angered by Iran raising government-set gasoline prices by 50% blocked traffic in major cities and occasionally clashed with police Saturday after a night of demonstrations punctuated by gunfire, in violence that reportedly killed at least one person. The...

Old Champ Clark Bridge demolition to continue Monday

Nov. 16, 2019 4:46 PM EST

LOUISIANA, Mo. (AP) — Officials expect to demolish the last two trusses of the old Champ Clark Bridge over the Mississippi River on Monday. The Missouri Department of Transportation tells the Quincy Herald-Whig that it will use explosive devices to bring down the trusses on the Illinois side between 9 a.m....

New Mexico insurance regulator Franchini to step down

Nov. 16, 2019 4:33 PM EST

SANTA FE, N.M. (AP) — New Mexico’s top insurance regulator is stepping down. The Albuquerque Journal reports that state Superintendent John Franchini has withdrawn his application to serve another four-year term and instead plans to retire. A state nominating committee has already begun screening...

Sandy Hook lawsuit could force Remington to open books

Nov. 16, 2019 3:14 PM EST

A recent ruling by the U.S. Supreme Court has upended a longstanding legal roadblock that has given the gun industry far-reaching immunity from lawsuits in the aftermath of mass killings. The court this week allowed families of victims of the 2012 Sandy Hook school massacre to sue the maker of the AR-15 used in...