Latest Business News

Dutch railway company to pay reparations for WWII transports

Jun. 26, 2019 11:27 AM EDT

THE HAGUE, Netherlands (AP) — Dutch national railway company NS says it will pay reparations to Jews, Roma and Sinti whom it transported to camps in the Netherlands during World War II — from where they were sent to Nazi concentration camps. NS President-Director Rogier van Boxtel, announced the...

Cut-rate prices online: shoppers' win, businesses lose

Jun. 26, 2019 11:27 AM EDT

NEW YORK (AP) — A bride-to-be looking for a gown online can find dresses with trains and lace for well under $300. Go into a local bridal shop, and the average price will stretch into four figures, taking some shoppers by surprise. That kind of price disparity puts small businesses at a big disadvantage....

Largest oil refinery on East Coast will close after fire

Jun. 26, 2019 11:24 AM EDT

The owner of the largest oil refinery complex on the East Coast is telling officials that it will close the facility after a fire last week set off explosions and damaged equipment there. Philadelphia Mayor Jim Kenney said in a statement Wednesday that Philadelphia Energy Solutions had informed him of its...

Tesla: Sales record within reach but deliveries are problem

Jun. 26, 2019 11:21 AM EDT

DETROIT (AP) — Tesla is close to setting a quarterly record for deliveries, but the company is having trouble shipping vehicles to the right places as the second quarter comes to a close, CEO Elon Musk told workers in an internal memo. Musk wrote that the company could break the record of 90,700 deliveries...

Oklahoma presents final witness in trial against drug makers

Jun. 26, 2019 11:00 AM EDT

NORMAN, Okla. (AP) — Oklahoma is wrapping up its presentation of evidence against Johnson & Johnson in the state's case alleging the consumer products giant and its subsidiaries helped fuel the deadly opioid crisis. Attorneys for the state on Wednesday continued questioning Oklahoma Department of...

Trump says he 'made' Fed Chairman Powell

Jun. 26, 2019 10:52 AM EDT

WASHINGTON (AP) — President Donald Trump is keeping up his attacks on Federal Reserve Chairman Jerome Powell, saying he "made" Powell but now would like to trade him in for Mario Draghi, the head of the European Central Bank. In an interview on Fox Business, Trump says "we should have Draghi" instead of...

Supreme Court strikes down Tennessee liquor sales law

Jun. 26, 2019 10:52 AM EDT

WASHINGTON (AP) — The Supreme Court on Wednesday struck down a Tennessee law that makes it hard for outsiders to break into the state's liquor sales market. The court voted 7-2 in ruling that a state requirement that someone live in Tennessee for two years to be eligible for a license to sell liquor...

The Latest: Germany sizzles in record June heat

Jun. 26, 2019 10:50 AM EDT

BERLIN (AP) — The Latest on the heat wave in Europe (all times local): 4:40 p.m. Germany's meteorological agency says it has registered a new national temperature record for June as large parts of Europe are gripped by a heat wave. The Deutscher Wetterdienst said Wednesday that a preliminary reading showed...

'The Office' to leave Netflix for NBCUniversal in Jan. 2021

Jun. 26, 2019 10:44 AM EDT

NEW YORK (AP) — Netflix's announcement that NBC's hit show "The Office" will be pulled from its lineup after 2020 and head to NBCUniversal's upcoming service is the latest example of jockeying between screening services that is set to heat up as they bulk up their TV and movie offerings to attract users....

Stocks rise amid fresh hopes for a US-China trade deal

Jun. 26, 2019 10:34 AM EDT

Technology companies led stocks higher on Wall Street in early trading Wednesday amid fresh optimism among investors that the U.S. and China are making progress toward a deal to resolve their costly trade war. U.S. Treasury Secretary Steven Mnuchin told CNBC that a trade deal between the two nations was "about...