Latest Business News

Mexico activist killed days before pipeline referendum

Feb. 20, 2019 11:52 AM EST

MEXICO CITY (AP) — A community activist fighting against a plan to build a gas pipeline through his central Mexico town was killed Wednesday, three days before a scheduled public referendum on the energy generation project. President Andres Manuel Lopez Obrador condemned the murder of Samir Flores...

Trouble at CVS Health long-term care business weighs heavily

Feb. 20, 2019 11:47 AM EST

CVS Health is setting 2019 earnings expectations well below Wall Street forecasts, as the company struggles to fix part of its business while blending in a major acquisition and attempting to change how customers use its stores. The drugstore chain and pharmacy benefit manager also is dealing with industry-wide...

Cyprus to EU: Speed up granting name protection for halloumi

Feb. 20, 2019 11:43 AM EST

NICOSIA, Cyprus (AP) — Cyprus is urging the European Union to speed up the process granting full name protection to halloumi cheese, the east Mediterranean island nation's top culinary export. Cyprus government spokesman Prodromos Prodromou told The Associated Press on Wednesday that authorities are...

Britain urges Germany to ease curbs on arms sales to Saudi

Feb. 20, 2019 11:41 AM EST

BERLIN (AP) — Britain's top diplomat has urged Germany to relax its ban on arms sales to Saudi Arabia because they are affecting U.K. sales of weapons to — and by extension its influence with — the oil-rich kingdom. The German weekly Der Spiegel reported Wednesday that British Foreign...

Alabama Power blames federal rules for closing coal plant

Feb. 20, 2019 11:32 AM EST

BIRMINGHAM, Ala. (AP) — A power company is blaming federal environmental regulations for the decision to close a coal-powered plant in central Alabama. Alabama Power said in a news release Wednesday that it will close the Gorgas plant northwest of Birmingham, mostly because of federal rules on the handling...

US mining sites dump 50M gallons of fouled wastewater daily

Feb. 20, 2019 11:28 AM EST

RIMINI, Mont. (AP) — Every day many millions of gallons of water loaded with arsenic, lead and other toxic metals flow from some of the most contaminated mining sites in the U.S. and into surrounding streams and ponds without being treated, The Associated Press has found. That torrent is poisoning aquatic...

The Latest: UK asks EU to re-do Brexit border compromise

Feb. 20, 2019 11:23 AM EST

BERLIN (AP) — The Latest on Brexit, Britain's impending departure from the European Union (all times local): 5:20 p.m. Britain's foreign secretary says London needs a change "of legal significance" to the wording of arrangements meant to ensure that the U.K.-Ireland border stays open after Brexit, but...

Officials: Austin warehouse fire destroys up to 100 pedicabs

Feb. 20, 2019 11:15 AM EST

AUSTIN, Texas (AP) — Austin officials say a warehouse fire wiped out one-fifth of the city's pedicabs just weeks before the South by Southwest festival, one of the busiest times for bicycle rickshaw operators. The Austin Fire Department reports that two companies, Metrocycle Pedicabs and Pedicab...

Delta contractor to lay off 1,100 workers at Atlanta airport

Feb. 20, 2019 11:12 AM EST

ATLANTA (AP) — A company that cleans the interior of passenger planes for Delta Air Lines says it's laying off more than 1,100 workers in Atlanta as the airline switches to a new contractor to perform the job. ABM Aviation says in a letter to the Georgia Department of Labor it will "cease providing cabin...

Company urges Arkansas commission to follow casino amendment

Feb. 20, 2019 11:10 AM EST

RUSSELLVILLE, Ark. (AP) — The company behind a proposed casino in Arkansas says the state's racing commission will be in breach of the state constitution if it doesn't follow a recently passed amendment and issue four casino licenses. The Arkansas Democrat-Gazette reports that Gulfside Casino Partnership's...