Latest Business News

What to know about the pipeline fire burning for a third day in Houston's suburbs

Sep. 18, 2024 18:51 PM EDT

DEER PARK, Texas (AP) — A pipeline fire that forced hundreds of people to flee their homes in the Houston suburbs burned for a third day Wednesday, with officials saying they don't expect it to be extinguished until sometime Thursday evening. Officials said residents who had to...

Family of man found dead with a rope around neck demands answers; sheriff says no foul play detected

Sep. 18, 2024 18:40 PM EDT

HENDERSON, N.C. (AP) — The family of a Black man found dead in North Carolina with a rope around his neck under a tree is demanding answers and transparency from authorities, who say there were no signs of foul play. The Vance County Sheriff's Office, meanwhile, issued a statement...

What to know about the two waves of deadly explosions that hit Lebanon and Syria

Sep. 18, 2024 18:41 PM EDT

NEW YORK (AP) — Just one day after pagers used by hundreds of members of the militant group Hezbollah exploded, more electronic devices detonated in Lebanon Wednesday in what appeared to be a second wave of sophisticated, deadly attacks that targeted an extraordinary number of people. ...

Hackers demand $6 million for files stolen from Seattle airport operator in cyberattack

Sep. 18, 2024 18:39 PM EDT

WASHINGTON (AP) — Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month and posted on the dark web this week, an airport official said Wednesday. The Port of Seattle, which...

Tupperware lifts the lid on its financial problems with bankruptcy filing

Sep. 18, 2024 18:28 PM EDT

NEW YORK (AP) — The company behind Tupperware, the plastic kitchenware that revolutionized food storage after World War II and became inextricably linked to the parties where women seeking a measure of financial independence and fun in midcentury America sold the colorful products, has filed for...

Georgia Sen. Jon Ossoff seeks more control over postmaster general after mail meltdown

Sep. 18, 2024 18:20 PM EDT

ATLANTA (AP) — Democratic U.S. Sen. Jon Ossoff of Georgia said Wednesday he wants Congress to have more control over selecting the U.S. postmaster general after a mail-service breakdown in his state. Ossoff's proposed Postmaster General Reform Act would require the U.S. Senate to...

Teamsters union declines to endorse Trump or Harris for president

Sep. 18, 2024 17:57 PM EDT

WASHINGTON (AP) — The International Brotherhood of Teamsters declined Wednesday to endorse Kamala Harris or Donald Trump for president, saying neither candidate had sufficient support from the 1.3 million-member union. “Unfortunately, neither major candidate was able to make...

New Orleans Regional Transit Authority board stalled from doing business for second time this year

Sep. 18, 2024 17:44 PM EDT

For the second time this year, the New Orleans Regional Transit Authority board of commissioners does not have the legally required number of members to conduct business. The issue follows the passage of two new laws that changed how the agency is governed. Act 402 created a path...

Stock market today: Most of Wall Street edges lower after Fed delivers a big cut to rates

Sep. 18, 2024 16:27 PM EDT

NEW YORK (AP) — U.S. stock indexes edged lower Wednesday after the Federal Reserve kicked off its efforts to prevent a recession with a bigger-than-usual cut to interest rates. The S&P 500 slipped 0.3% to pull 0.9% below its all-time high set in July. The Dow Jones Industrial...

Alaska Airlines completes its acquisition of Hawaiian Air, which will remain a separate brand

Sep. 18, 2024 17:05 PM EDT

SEATTLE (AP) — Alaska Airlines closed its $1 billion purchase of Hawaiian Airlines on Wednesday, a day after the federal government removed the last major regulatory obstacle to the deal. Alaska will also assume about $900 million in Hawaiian debt. Alaska says it will keep Hawaiian...