Latest Business News

Joe Biden's son Hunter stepping down from Chinese board

Oct. 14, 2019 1:08 PM EDT

NEW YORK (AP) — Facing intense scrutiny from President Donald Trump and his Republican allies, Hunter Biden says he will step down from the board of directors of a Chinese-backed private equity firm at the end of the month as part of a pledge not to work on behalf of any foreign-owned companies should his...

Michigan ends pension contract over investor's comments

Oct. 14, 2019 1:03 PM EDT

LANSING, Mich. (AP) — The state of Michigan's retirement systems have ended a contract with an investment company that managed more than $600 million in pension funds after the CEO made "completely unacceptable" comments at a conference. The Michigan Department of Treasury's Bureau of Investments fired...

Do California power shutoffs work? Hard to know, experts say

Oct. 14, 2019 1:02 PM EDT

SAN FRANCISCO (AP) — Millions of Californians spent part of the week in the dark in an unprecedented effort by the state's large electrical utilities to prevent another devastating wildfire. It was the fifth time Pacific Gas & Electric Co. has preemptively cut the power but by far the largest to date...

Protests erupt as Spain convicts leading Catalan separatists

Oct. 14, 2019 1:01 PM EDT

MADRID (AP) — Riot police charged at protesters outside Barcelona's airport Monday after the Supreme Court sentenced 12 prominent Catalan separatists to lengthy prison terms for their roles in a 2017 push for the wealthy Spanish region's independence. Police used batons against the protesters who converged...

The Latest: Juggling marriage, kids and Nobel-winning work

Oct. 14, 2019 1:00 PM EDT

STOCKHOLM (AP) — The Latest on the Nobel prize in economics (all times local): 6:55 p.m. Nobel Economics Prize winners Abhijit Banerjee and Esther Duflo say they're just like any other married couple trying to juggle kids and work. The Massachusetts Institute of Technology researchers have two children...

Ecuador starts cleanup after deal to end indigenous protests

Oct. 14, 2019 12:56 PM EDT

QUITO, Ecuador (AP) — Thousands of indigenous demonstrators, student volunteers and local residents launched a massive cleanup Monday of a Quito park where anti-austerity protesters fought police for days, leaving piles of burning tires, trees and construction material. The cleanup began hours after...

New Mexico forecast to lead US in pecan production in 2019

Oct. 14, 2019 12:49 PM EDT

LAS CRUCES, N.M. (AP) — New Mexico is expected to lead the U.S. in pecan production this year as growers prepare for the upcoming harvest. The U.S. Agriculture Department's statistics service says production in the Southwest state is forecast at a record high 97 million pounds (nearly 44,000 metric tons)....

The Latest: Riot police charge Barcelona airport protesters

Oct. 14, 2019 12:48 PM EDT

MADRID (AP) — The Latest on the conviction of Catalan politicians and activists (all times local): 6:25 p.m. Police in riot gear have charged protesters blocking the entrance to Barcelona's international airport over the criminal convictions of a dozen politicians and activists who pushed for the Catalonia...

Report: Softbank could take control of WeWork

Oct. 14, 2019 12:10 PM EDT

NEW YORK (AP) — Japanese investment firm Softbank could take control of WeWork as part of a financial package to address the company's cash crunch since its botched effort to sell the public its stock, according to The Wall Street Journal. The deal would further sideline co-founder Adam Neumann, who...

The Latest: Ireland: Brexit talks could go into next week

Oct. 14, 2019 11:57 AM EDT

LONDON (AP) — The Latest on Brexit (all times local): 5:55 p.m. Both Ireland and Spain are starting to say the Brexit negotiations could well spill beyond this week and go right down to the wire at the end of the month. Irish Foreign Minister Simon Coveney said late Monday it was "too early to say if it is...