Latest Business News

Nonprofits worry sale of dot-org universe will raise costs

Jan. 24, 2020 1:05 AM EST

LOS ANGELES (AP) — The company that controls the dot-org online universe is putting the registry of domain names up for sale, and the nonprofits that often use the suffix in their websites are raising concerns about the move. Nonprofit organizations and some tech activists plan to protest Friday outside...

The Alaska Marijuana Control Board listens to testimony during a public comment period on Thursday, Jan. 23, 2020, in Juneau, Alaska. Alaska's legal marijuana industry hit a milestone Thursday, as regulators approved the first retail stores that will be allowed to have customers consume marijuana products on site.(AP Photo/Becky Bohrer)

Alaska pot shops to be among 1st in US to allow consumption

Jan. 24, 2020 12:53 AM EST

JUNEAU, Alaska (AP) — Marijuana shops in Alaska will be among the first nationally where onsite use would be permitted. Alaska's legal marijuana industry hit the milestone Thursday as regulators approved the first retail stores in the state that will be allowed to have customers smoke or consume marijuana...

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, Jan. 24, 2020. Shares are mostly higher in quiet trading as China closes down for its week-long Lunar New Year festival. (AP Photo/Eugene Hoshiko)

Asian markets gain as China closes down for Lunar New Year

Jan. 24, 2020 12:08 AM EST

BANGKOK (AP) — Shares were mostly higher in quiet trading on Friday in Asia as China began a week-long Lunar New Year festival that is being overshadowed by the outbreak of a new virus that has killed 25 people and sickened more than 800. Japan's Nikkei 225 index rose less than 0.1% to 23,811.54 and in...

Paramilitary police stand guard at an entrance to the closed Hankou Railway Station in Wuhan in central China's Hubei Province, Thursday, Jan. 23, 2020. China closed off a city of more than 11 million people Thursday in an unprecedented effort to try to contain a deadly new viral illness that has sickened hundreds and spread to other cities and countries in the Lunar New Year travel rush. (Thepaper via AP)

Chinese city at center of virus outbreak is major crossroads

Jan. 23, 2020 11:37 PM EST

The city of Wuhan is one of China's largest industrial hubs and a major crossroads. The capital of Hubei province has 11 million people and is under an unprecedented, open-ended lockdown to try to prevent the spread of a virus that first appeared in the city last month. HISTORY: An inland port on the north bank...

FILE - In this Dec. 11, 2019, file photo, an Emirates jetliner comes in for landing at Dubai International Airport in Dubai, United Arab Emirates. Dubai International Airport, the world's busiest for international travel, said Thursday, Jan. 23, 2020, that it is taking special precautions to screen the droves of Chinese tourists expected for the Lunar New Year holiday after the outbreak of a pneumonia-like virus that has led to China's lockdown of the entire city of Wuhan. (AP Photo/Jon Gambrell, File)

Airports taking precautions after China virus outbreak

Jan. 23, 2020 11:29 PM EST

DUBAI, United Arab Emirates (AP) — Airports are adding passenger screenings and taking other precautions to prevent a new virus from being spread by Chinese tourists going abroad for the Lunar New Year holidays. China has imposed an unprecedented, open-ended shutdown of Wuhan, the city of 11 million people...

Officers attend to one of several shooting victims, Wednesday, Jan. 22, 2020, in Seattle, after a gunman opened fire in the heavily trafficked downtown area. (David Silver via AP)

Mayor, police pledge action after deadly Seattle shooting

Jan. 23, 2020 9:51 PM EST

SEATTLE (AP) — A shootout in downtown Seattle that left a woman dead and a 9-year-old boy injured was the third violent incident this week in a part of the city long known for rampant drug use and street unrest. Business groups implored officials to improve public safety. And while crime rates in Seattle...

Insys Therapeutics founder John Kapoor, center, departs federal court Thursday, Jan. 23, 2020, in Boston, after he was sentenced to 5 1/2 years in prison for orchestrating a bribery and kickback scheme prosecutors said helped fuel the opioid crisis. He was found guilty the previous May of racketeering and conspiracy in a scheme where millions of dollars in bribes were paid to doctors across the United States to prescribe the company's highly addictive oral fentanyl spray, known as Subsys. (AP Photo/Charles Krupa)

Ex-pharmaceutical exec gets 5 1/2 years for pushing opioid

Jan. 23, 2020 8:22 PM EST

BOSTON (AP) — The founder of an Arizona pharmaceutical company was ordered to spend 5 1/2 years in prison Thursday for orchestrating a bribery and kickback scheme prosecutors said helped fuel the opioid crisis. John Kapoor, 76, the former chairman of Insys Therapeutics, was sentenced in Boston's federal...

FILE - In this Nov. 9, 2018, file photo, smoke billows around power transmission lines as the Camp Fire burns in Big Bend, Calif. Pacific Gas & Electric Co., the nation's largest electric utility, filed for bankruptcy last year after facing an estimated $50 billion in damages from several Northern California wildfires that were linked to its equipment, including one blaze in 2018 that killed 85 people and destroyed about 19,000 buildings. (AP Photo/Noah Berger, File)

California bill would make utilities pay some blackout costs

Jan. 23, 2020 8:19 PM EST

SACRAMENTO, Calif. (AP) — Californians left in the dark by electric companies that shut off their power to prevent wildfires could get paid for things such as lost wages or spoiled food under a bill that advanced Thursday in the Legislature. In the state plagued by catastrophic blazes started by strong...

President Donald Trump pauses as he arrives at Miami International Airport en route to attend the Republican National Committee winter meetings, Thursday, Jan. 23, 2020, in Miami. (AP Photo/ Evan Vucci)

Trump to sign U.S.-Mexico-Canada trade deal Wednesday

Jan. 23, 2020 8:12 PM EST

MIAMI (AP) — President Donald Trump will hold a signing ceremony for the U.S.-Mexico-Canada trade agreement on Wednesday, according to the White House. The deal to modernize the North American Free Trade Agreement passed on bipartisan votes in Congress, scoring the president a significant political victory...

Exxon Mobil, Bank of America fall; PG&E, Teradyne rise

Jan. 23, 2020 8:02 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday: V.F. Corp., down $9.16 to $85.41 The maker of Vans and Timberland shoes cut its profit forecast for its fiscal year after reporting disappointing third-quarter revenue. Teradyne Inc., up $2.62 to $76.21 The semiconductor-testing...