Latest Business News

Stocks slide on Wall Street over new trade war concerns

Nov. 20, 2019 2:10 PM EST

Stocks moved broadly lower in afternoon trading on Wall Street Wednesday as investors turned anxious about the possibility that the U.S. and China may not reach a trade deal before next year. A published report suggested a “phase one” trade pact may not be completed this year as negotiators continue...

Fed minutes: Officials felt 3 cuts this year could be enough

Nov. 20, 2019 2:08 PM EST

WASHINGTON (AP) — Most Federal Reserve officials believed last month that the three rate cuts they made this year would be enough unless the economy weakened significantly. The minutes of the October Fed meeting reveal that “most participants” thought that this year’s rate cuts would...

Malta arrests exec, apparently linked to journalist slaying

Nov. 20, 2019 2:06 PM EST

VALLETTA, Malta (AP) — Maltese authorities arrested a prominent businessman Wednesday who appears to be a “person of interest” in the assassination of a prominent investigative reporter on the Mediterranean island. Yorgen Fenech was on a yacht heading north from Malta that was intercepted by...

Road-safety regulator rapped over regulating autonomous cars

Nov. 20, 2019 2:02 PM EST

WASHINGTON (AP) — The nation’s road-safety regulator is under fire again for what critics call lax oversight of tests involving autonomous vehicles. The nation’s top transportation safety investigator said Tuesday that the National Highway Traffic Safety Administration doesn’t give...

Fed minutes: Officials felt 3 rate cuts this year should be enough unless economy slows significantly

Nov. 20, 2019 2:02 PM EST
WASHINGTON (AP) — Fed minutes: Officials felt 3 rate cuts this year should be enough unless economy slows significantly.

French government to boost funding for public hospitals

Nov. 20, 2019 1:53 PM EST

PARIS (AP) — The French government says it will boost funding for the country’s public hospitals, in an effort to end months of protests by doctors and nurses and as more demonstrations and strikes are expected next month over the planned overhaul of the pension system. The emergency plan unveiled...

The Latest: Fiat Chrysler calls bribery lawsuit ‘meritless’

Nov. 20, 2019 1:48 PM EST

DETROIT (AP) — The Latest on General Motors’ lawsuit against Fiat Chrysler (all times local): 1:35 p.m. Fiat Chrysler says it will defend itself vigorously against a lawsuit alleging that it bribed union officials to get an unfair labor cost advantage over General Motors. The Italian-American...

Disney Plus blames past hacks for user accounts sold online

Nov. 20, 2019 1:48 PM EST

Disney said Disney Plus account passwords being sold in underground hacking forums are coming from previous breaches at other companies, predating last week’s launch of its streaming service. The company reiterated Wednesday that it found no evidence of a security breach and that account problems are...

Hedge fund Alden becomes Tribune’s largest shareholder

Nov. 20, 2019 1:40 PM EST

NEW YORK (AP) — Hedge fund Alden Global Capital is now the largest shareholder of Tribune Publishing, the company that owns the Chicago Tribune, Baltimore Sun and New York Daily News. Tribune says Alden, a hedge fund known for layoffs and slashing costs at newspapers it acquires, purchased the 25% stake...

Target bursts into the holiday season with a bang

Nov. 20, 2019 1:32 PM EST

NEW YORK (AP) — Target is bursting into the critical holiday season with strong third-quarter earnings as the company pushes faster delivery and invests heavily in stores and on new fashion brands. The retailer raised its expectations for the year and shares rose more than 12% Wednesday, striking an...