Latest Business News

Air New Zealand boss Luxon resigns, could pursue politics

Jun. 19, 2019 3:36 AM EDT

WELLINGTON, New Zealand (AP) — Air New Zealand Chief Executive Christopher Luxon said Wednesday he's resigning after seven years in the top job at the national carrier. Many have speculated that Luxon has political ambitions, and that he would be a natural fit with the conservative National Party that was...

Trump EPA close to gutting Obama rule on coal power plants

Jun. 19, 2019 3:15 AM EDT

WASHINGTON (AP) — The Trump administration is close to completing one of its biggest rollbacks of environmental rules, replacing a landmark Obama-era effort that sought to wean the nation's electrical grid off coal-fired power plants and their climate-damaging pollution. The final Trump administration...

Asian shares up on trade optimism as Trump hints of Xi talks

Jun. 19, 2019 3:02 AM EDT

TOKYO (AP) — Asian shares were mostly higher Wednesday on optimism about trade after President Donald Trump said he will talk with the Chinese leader later this month in Japan. Japan's benchmark Nikkei 225 added 1.7% to finish at 21,333.87. Australia's S&P/ASX 200 rose 1.2% to 6,648.10. South Korea's...

Nonprofit oil alliance spends on grant writer for New Mexico

Jun. 19, 2019 2:52 AM EDT

SANTA FE, N.M. (AP) — A nonprofit alliance of energy companies has spent $80,000 on a grant writer to help New Mexico's Transportation Department pursue federal grants. The state's Legislative Finance Committee announced in a newsletter Tuesday the support from the Permian Strategic Partnership. The...

New England newspaper owner fights to save local journalism

Jun. 19, 2019 12:22 AM EDT

PITTSFIELD, Mass. (AP) — The Berkshire Eagle has an expanded investigative team. There's a new 12-page lifestyle section for the Eagle's Sunday editions. There's a new monthly magazine focusing on the area's culinary and natural charms. There is an advisory board that includes cellist Yo-Yo Ma and...

Russia, China block UN from saying NKorea violated sanctions

Jun. 19, 2019 12:14 AM EDT

UNITED NATIONS (AP) — Russia and China have blocked the U.N. Security Council committee monitoring sanctions against North Korea from declaring that Pyongyang breached the annual limit for importing refined petroleum products which are key for its economy, two U.N. diplomats said Tuesday. The diplomats...

Lawmakers will hear from pilots who have criticized Boeing

Jun. 19, 2019 12:11 AM EDT

The president of the pilots' union at American Airlines says Boeing made mistakes in its design of the 737 Max and not telling pilots about new flight-control software on the plane. Daniel Carey says Boeing's zeal to minimize pilot-training costs for airlines that would buy its 737 Max jet contributed to errors...

New England newspaper owner fights to save local journalism

Jun. 19, 2019 12:06 AM EDT

PITTSFIELD, Mass. (AP) — These days, the news about local news seems relentlessly bad: Newsroom employment, down by nearly half over the past 15 years. Waves of layoffs continuing to hit both traditional newspaper chains and digital news startups. Cities and towns so denuded of coverage that they're...

Fed could signal a policy shift toward future rate cuts

Jun. 19, 2019 12:06 AM EDT

WASHINGTON (AP) — The Federal Reserve seems poised to pivot from keeping interest rates steady to holding out the option of cutting rates if it were to decide that the economic expansion needs support. The Fed isn't considered ready to announce that it's reducing rates for the first time in more than a...

As Hong Kong protests quiet down, what's next?

Jun. 18, 2019 11:49 PM EDT

HONG KONG (AP) — All but a handful of protesters in Hong Kong have gone home, but the crisis that brought hundreds of thousands into the streets to oppose an extradition bill is far from over. The way forward for both Hong Kong Chief Executive Carrie Lam and her opponents is uncertain because of the limits...