Latest Business News

Markets Right Now: Stocks end slightly higher on Wall Street

Nov. 22, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing higher on Wall Street after three days of losses as a week of worry about trade talks between the U.S. and China winds down. The modest gains Friday weren't enough to erase a weekly loss for the...

UK party leaders grilled by wary voters on Brexit and more

Nov. 22, 2019 4:08 PM EST

LONDON (AP) — Britain’s Dec. 12 vote has been dubbed the “Brexit election,” dominated by the country’s stalled exit from the European Union. But political parties are also trying to win over voters more worried about the U.K.’s stuttering economy and frayed social fabric....

California boosts pot taxes, shocking unsteady industry

Nov. 22, 2019 4:05 PM EST

LOS ANGELES (AP) — California is increasing business tax rates on legal marijuana, a move that stunned struggling companies that have been pleading with the state to do just the opposite. Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers into...

US officials: Don’t eat romaine grown in Salinas, California

Nov. 22, 2019 3:58 PM EST

NEW YORK (AP) — U.S. health officials are telling people to avoid romaine lettuce grown in Salinas, California, as they investigate a food poisoning outbreak. They also say not to eat the leafy green if the label doesn’t say where it was grown. The U.S. Food and Drug Administration is investigating...

Amazon pulls skin-lightening products off site amid pushback

Nov. 22, 2019 3:56 PM EST

ST. PAUL, Minn. (AP) — Amazon has pulled more than a dozen skin-lightening products with dangerous levels of mercury off its website after pushback from Minnesota public-health and environmental activists. The Seattle-based company’s change came after two groups, the BeautyWell Project and the state...

Atlantic City casinos’ 3rd-quarter profits up from year ago

Nov. 22, 2019 3:02 PM EST

ATLANTIC CITY, N.J. (AP) — Atlantic City’s nine casinos saw their collective gross operating profits increase by 12.5% in the third quarter of this year compared with the same period last year. The comparison was boosted by two new casinos that opened last summer doing much better in the third...

Health groups urge Trump to move ahead with e-cig flavor ban

Nov. 22, 2019 2:59 PM EST

WASHINGTON (AP) — Health advocates are encouraging President Donald Trump to move forward with a federal ban on thousands of flavors used in e-cigarettes. Trump is meeting at the White House on Friday with medical experts, health advocates and industry representatives on the problem of underage vaping....

US regulators bar govt telecom funds for Huawei, ZTE

Nov. 22, 2019 2:29 PM EST

U.S. communications regulators have cut off government funding for equipment from two Chinese companies, citing security threats. The Federal Communications Commission also proposed requiring companies that get government subsidies to rip out any equipment from Huawei and ZTE that they already have in place....

Washington state deals setback to massive methanol plant

Nov. 22, 2019 2:28 PM EST

SEATTLE (AP) — Washington state dealt a setback Friday to efforts to build one of the world’s biggest methanol plants on the Columbia River, saying that five years in, its backers had failed to provide enough information about its greenhouse gas emissions and how they would be offset. The $2 billion...

Mexican Congress approves budget after protests

Nov. 22, 2019 2:23 PM EST

MEXICO CITY (AP) — Mexico’s lower house of Congress approved the 2020 federal budget Friday in an all-night meeting at a convention center after protests and blockades by farm groups surrounding the Congress building. The protests were sparked by President Andres Manuel Lopez Obrador’s policy...