Latest Business News

North Dakota's 1Q taxable sales, purchases drop nearly 10%

Jun. 15, 2021 11:13 AM EDT

BISMARCK, N.D. (AP) — North Dakota’s taxable sales and purchases for the first quarter of 2021 decreased nearly 10% over the same period the previous year. Taxable sales and purchases for January, February and March totaled $4.1 billion, a 9.9% increase over the...

Nebraska tax collections surge past expectations in May

Jun. 15, 2021 11:08 AM EDT

Nebraska collected $297 million more in tax revenue in May than expected, according to figures released Tuesday. The Nebraska Department of Revenue reported net tax receipts $720 million, which is more than 70% higher than the official forecast of $423 million. ...

Feds inspected Illinois chemical plant weeks before blast

Jun. 15, 2021 11:00 AM EDT

A northern Illinois chemical plant that was rocked by an explosion and massive fires that prompted evacuations was inspected by a federal agency less than a month before the blast sent debris raining down onto nearby areas. Inspectors from the U.S. Labor Department’s...

Airbus-Boeing deal still leaves other US-EU rifts unresolved

Jun. 15, 2021 10:59 AM EDT

BRUSSELS (AP) — The deal the United States and the European Union reached Tuesday to end their long-running dispute over subsidies to Boeing and Airbus will mean the phase-out of billions in punitive tariffs. It will ease trans-Atlantic tensions. And it will allow the two sides to focus on...

Biden arrives in Geneva for highly-anticipated Putin meeting

Jun. 15, 2021 10:58 AM EDT

GENEVA (AP) — President Joe Biden arrived in Geneva on Tuesday for a much-watched meeting with Russian President Vladimir Putin, fresh from days of alliance-building sessions between the American leader and his European allies. Biden is making his first trip to Europe...

The Latest: Biden arrives in Geneva for summit with Putin

Jun. 15, 2021 10:58 AM EDT

The Latest on U.S. President Joe Biden's trip to Europe: GENEVA — President Joe Biden arrived in Geneva Tuesday for a high-pressure meeting with Russian President Vladimir Putin. That’s after a week-long series of confidence-building meetings between the U.S. leader...

Assets recovered from large Ponzi scheme reach $722 million

Jun. 15, 2021 10:53 AM EDT

MINNEAPOLIS (AP) — A bankruptcy trustee's search to recover assets linked to one of the largest financial crimes in Minnesota's history has netted $722 million. Doug Kelley says his work to collect assets from Tom Petters' $1.9 billion Ponzi scheme is nearly done 13...

Senate plan would probe assets of Ohio food stamp recipients

Jun. 15, 2021 10:49 AM EDT

COLUMBUS, Ohio (AP) — Ohioans receiving food stamps would have to undergo a new “asset test” that measures total worth, including the value of cars owned by anyone in a household, under a provision in the Senate's version of the state's upcoming two-year budget. The...

UK watchdog examines Apple-Google mobile system control

Jun. 15, 2021 10:47 AM EDT

LONDON (AP) — U.K. competition regulators are looking into Apple and Google smartphone operating systems, app stores and browsers, over concern that the control of "mobile ecosystems" by the two tech giants is harming consumers. The Competition and Markets Authority on...

Report: Trouble connecting rail cars before worker death

Jun. 15, 2021 10:46 AM EDT

NEWINGTON, N.H. (AP) — Five attempts were made to connect two rail cars during a switching operation before a Pan Am Railways conductor was pinned between them and died, according to a preliminary report issued Tuesday by the National Transportation Safety Board. ...