Latest Business News

Kosovo betrayed by EU on visa-free travel, premier says

Dec. 17, 2018 12:43 PM EST

BRUSSELS (AP) — Kosovo's prime minister says the country feels betrayed by the European Union, which it is aspiring to join one day, because of the bloc's delays on enacting visa-free travel for its citizens. Ramush Haradinaj's comments came in a speech he made in Brussels on Monday at a meeting with...

Iowa boss used slurs to harass black workers, agency says

Dec. 17, 2018 12:34 PM EST

IOWA CITY, Iowa (AP) — The Iowa Civil Rights Commission is seeking to enforce a $14,700 judgment against a businessman accused of making racial slurs to belittle black employees. Bruce Smith of West Des Moines and his company, AAA Allied Building Services, have been ordered to pay lost wages and damages to...

Health insurance on demand? Some are betting on it

Dec. 17, 2018 12:33 PM EST

People with health insurance often pay for coverage they never use. A startup wants to shake that up. It's a radical idea: On-demand insurance that lets customers buy some of their coverage only if and when they need it, similar to how TV viewers might rent a new release from Amazon instead of paying every month...

Health insurance on demand? Some are betting on it

Dec. 17, 2018 12:31 PM EST

A startup is trying to shake up health insurance by letting customers buy some of their coverage only when they need it. Bind Benefits has designed insurance that gives patients coverage for most medical needs and then has them buy additional protection for planned procedures like knee surgery. Bind also pushes...

Silicon Valley East: Google plans $1B expansion in New York

Dec. 17, 2018 12:19 PM EST

Silicon Valley is becoming Silicon Nation. Google is planning a major expansion in New York City, announcing Monday it will spend more than $1 billion on a new office complex that will allow the internet search giant to double the number of people it employs there. The move follows similar steps by Amazon and...

Minnesota men learning fate for North Dakota stock scheme

Dec. 17, 2018 12:06 PM EST

MINNEAPOLIS (AP) — A Minnesota man who helped found a business in North Dakota's oil patch has been sentenced to 12 years in prison for fraud in a stock manipulation scheme. Ryan Gilbertson also was fined $2 million and ordered to pay more than $15 million in restitution. The U.S. attorney's office says...

Markets Right Now: Stocks are mostly lower after rocky start

Dec. 17, 2018 11:53 AM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are mostly lower in midday trading on Wall Street, though they've steadied after a rocky start. Health insurers and hospitals are falling Monday after a judge in Texas ruled that the 2010 Affordable Care...

May says postponed Brexit vote to be held week of Jan 14

Dec. 17, 2018 11:48 AM EST

LONDON (AP) — Prime Minister Theresa May said Monday that the postponed vote in Parliament on Britain's Brexit agreement with the European Union will be held the week of Jan. 14 — more than a month after it was originally scheduled and just 10 weeks before Britain leaves the EU. But even as May...

Plans move forward on new $450 million health care campus

Dec. 17, 2018 11:48 AM EST

LANSING, Mich. (AP) — Plans are moving forward on a $450 million health care campus adjacent to Michigan State University. A ceremonial groundbreaking was held Monday at the University Corporate Research Park in Lansing with officials from McLaren Health Care and the East Lansing university. The event...

US and European stocks dip again as health companies fall

Dec. 17, 2018 11:46 AM EST

NEW YORK (AP) — U.S. stocks are mostly lower Monday, although they've steadied after a rocky start. Health insurers and hospitals are falling after a judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Retailers are also sinking, but banks are rising. Other companies that tend to do...