Latest Business News

Leaked UK memos warn of food, drug shortages in Brexit chaos

Aug. 18, 2019 6:38 AM EDT

LONDON (AP) — Leaked British government documents have warned of disruptions across the country in the event that the U.K. leaves the European Union without a trade deal on Oct. 31. British Prime Minister Boris Johnson has said he is prepared to charge out of the EU regardless of whether he is able to...

Illinois sues company after lead found in village's water

Aug. 17, 2019 9:04 PM EDT

UNIVERSITY PARK, Ill. (AP) — Illinois alleges that a company that provides water to a Chicago suburb made changes without permission from state regulators that caused lead to contaminate the village's drinking water. Attorney General Kwame Raoul filed a lawsuit Friday against Aqua Illinois, the company...

Argentina's treasury minister resigns, senior official says

Aug. 17, 2019 7:11 PM EDT

BUENOS AIRES, Argentina (AP) — Argentina's treasury minister, Nicolás Dujovne, resigned Saturday and will be replaced by the economy minister of the country's most populous state, a senior official in the presidential office said. The resignation came three days after President Nicolas Macri announced...

Yemen rebel drone attack targets remote Saudi oil field

Aug. 17, 2019 1:05 PM EDT

DUBAI, United Arab Emirates (AP) — Drones launched by Yemen's Houthi rebels attacked a massive oil and gas field deep inside Saudi Arabia's sprawling desert on Saturday, causing what the kingdom described as a "limited fire" in the second such recent attack on its crucial energy industry. The attack on the...

Stock market gyrates as the economic picture gets blurred

Aug. 17, 2019 11:23 AM EDT

You're not the only one confused about where the economy is headed. Just look at the stock market, where perplexed investors have been sending stocks on a wild ride in August. And there could be plenty more where that came from. Two notoriously volatile months for stocks lie just ahead. Stocks around the world...

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

Beer named for Pacific island nuke test site draws criticism

Aug. 17, 2019 12:27 AM EDT

HAGATNA, Guam (AP) — A Texas-based company is facing criticism for naming a beer after the location of nuclear tests that resulted in the contamination of a Pacific island chain, a report said. Manhattan Project Beer Company is under scrutiny by Marshall Islanders who were exposed to high levels of...

Leader of largest US organic food fraud gets 10-year term

Aug. 16, 2019 9:24 PM EDT

CEDAR RAPIDS, Iowa (AP) — A judge on Friday sentenced the mastermind of the largest known organic food fraud scheme in U.S. history to 10 years in prison, saying he cheated thousands of customers into buying products they didn't want. U.S. District Judge C.J. Williams said Randy Constant orchestrated a...

Jury to decide PG&E's role in California wine country fire

Aug. 16, 2019 9:03 PM EDT

SAN FRANCISCO (AP) — A judge presiding over Pacific Gas and Electric's bankruptcy case agreed Friday to allow a state jury to decide whether the power company's equipment ignited a devastating wildfire in California wine country nearly two years ago. State fire investigators have already determined the...

China flexes muscle near Hong Kong amid more weekend rallies

Aug. 16, 2019 8:54 PM EDT

SHENZHEN, China (AP) — Members of China's paramilitary People's Armed Police marched and practiced crowd control tactics at a sports complex in Shenzhen across from Hong Kong in what some interpreted as a threat against pro-democracy protesters in the semi-autonomous territory. The sound of marching boots...