Latest Business News

Merkel defends Iran deal, multilateralism but Pence resists

Feb. 16, 2019 7:49 PM EST

MUNICH (AP) — German Chancellor Angela Merkel drew lengthy applause Saturday for her spirited defense of a multilateral approach to global affairs and support for Europe's decision to stand by a nuclear deal with Iran. U.S. Vice President Mike Pence was not among the impressed, however, and he doubled down...

Gone in a New York minute: How the Amazon deal fell apart

Feb. 16, 2019 2:59 PM EST

NEW YORK (AP) — In early November, word began to leak that Amazon was serious about choosing New York to build a giant new campus. The city was eager to lure the company and its thousands of high-paying tech jobs, offering billions in tax incentives and lighting the Empire State Building in Amazon orange....

Westmoreland can scrap health care, contract to sell mine

Feb. 16, 2019 1:39 PM EST

CASPER, Wyo. (AP) — A bankruptcy judge says Westmoreland Coal Co. can eliminate health care for retirees and its union contract to sell a southwestern Wyoming mine to a Virginia businessman. The Casper Star-Tribune reports that Friday's ruling will likely mean retired miners who worked at the Kemmerer mine...

The Latest: Russian envoy lashes out a UK defense minister

Feb. 16, 2019 1:33 PM EST

MUNICH (AP) — The Latest on the international security conference taking place in Munich (all times local): 7 p.m. Russian Foreign Minister Sergey Lavrov has fired back at British Defense Minister Gavin Williamson, calling him the "minister of war." Lavrov's comments Saturday came the day after Williamson...

Correction: Lithium Ion Batteries-Recycling story

Feb. 16, 2019 10:12 AM EST

CHICAGO (AP) — In a story Feb. 15 about a Department of Energy lithium-ion battery research and development project, The Associated Press reported erroneously the amount that would be spent over three years and the name of Hans Eric Melin's company. The correct amount is $15 million, not $15 billion....

Judge sides with Texas landowners over high-speed rail issue

Feb. 16, 2019 9:58 AM EST

HOUSTON (AP) — A judge sided with Texas landowners who pushed back against the prospect of being forced to sell their land for a proposed high-speed rail line connecting Houston and Dallas. Leon County Judge Deborah Evans ruled this month that Texas Central Railway doesn't have the authority to force...

Hoosier State train route in jeopardy without state funding

Feb. 16, 2019 9:56 AM EST

INDIANAPOLIS (AP) — Supporters of an Amtrak line that runs between Indianapolis and Chicago are lobbying for sustained public funding of the rail service, while also recognizing the route's travel times and ridership levels need improvement. The state has contributed $3 million annually to support Amtrak's...

Russian court orders US investor Calvey held for 2 months

Feb. 16, 2019 9:45 AM EST

MOSCOW (AP) — A Moscow court has ordered a U.S. investment fund manager to be jailed for two months while facing fraud charges. Michael Calvey, founder and senior partner at Baring Vostok equity firm, was detained Friday morning along with two other fund managers. Prosecutors say Calvey is suspected of...

Ballpark mustard maker drops Indians' Chief Wahoo logo

Feb. 16, 2019 9:41 AM EST

CLEVELAND (AP) — The maker of Cleveland's ballpark mustard is removing the Chief Wahoo logo from its branding and packaging to maintain longstanding ties with the Cleveland Indians baseball team. Cleveland.com reports the Indians have told official partners like Bertman Foods Co., the maker of Bertman...

Poland's political leader on unprecedented defensive

Feb. 16, 2019 7:29 AM EST

WARSAW, Poland (AP) — Jaroslaw Kaczynski, Poland's most powerful politician who has built his position on a reputation of honesty and anti-communist convictions, suddenly finds himself embroiled in revelations over his involvement in complex business dealings and the presence in his inner circle of people...