Latest Business News

Australian reporters charged over Pell gag order violations

Mar. 26, 2019 11:14 PM EDT

CANBERRA, Australia (AP) — Some of Australia's highest-profile journalists face possible prison sentences and large media organizations could be fined after being ordered to appear in court next month for allegedly breaching a gag order on reporting about Cardinal George Pell's convictions on charges of...

FAA to revamp aircraft construction oversight, official says

Mar. 26, 2019 11:00 PM EDT

The Federal Aviation Administration plans to significantly revamp its oversight of airplane construction this summer after questions were raised about how it manages inspections done by the industry, according to testimony prepared for a Senate subcommittee hearing on Wednesday. The testimony by Calvin Scovel...

Cathay buys HK Express, will operate it as low-cost carrier

Mar. 26, 2019 10:06 PM EDT

HONG KONG (AP) — The operator of Cathay Pacific Airways is acquiring budget regional carrier HK Express, which it will continue to operate as a low-cost carrier. Cathay Pacific Group said Wednesday it will pay a total of 4.93 billion Hong Kong dollars ($628 million) for HK Express, which will remain a...

Weary Venezuelans adapt to more nationwide power cuts

Mar. 26, 2019 9:44 PM EDT

CARACAS, Venezuela (AP) — Venezuelans reacted with despair and resourcefulness on Tuesday as nationwide power cuts closed schools and businesses, paralyzing a nation that was only starting to recover from its worst blackouts earlier this month. The new outages, which began Monday, forced people to follow...

True to form, Avenatti attacks Nike a day after arrest

Mar. 26, 2019 9:38 PM EDT

NEW YORK (AP) — Attorney Michael Avenatti came out swinging Tuesday against Nike, accusing the shoemaker — without evidence — of "rampant" corruption mere hours after he was released from U.S. custody on charges he tried to extort up to $25 million from the company. In a string of posts on...

Buttigieg likes Chick-fil-A's chicken but not its politics

Mar. 26, 2019 9:13 PM EDT

NEW YORK (AP) — Democratic presidential contender Pete Buttigieg (BOO'-tuh-juhj) says he does not approve of Chick-fil-A's politics but "kind of" approves of its chicken. The mayor of South Bend, Indiana, drew laughs from the hosts of "The Breakfast Club" morning show on Tuesday for his answer. Buttigieg,...

Facebook says it's limiting false stories for India election

Mar. 26, 2019 8:44 PM EDT

NEW DELHI (AP) — Facebook is taking steps to reduce the spread of false information on its platforms ahead of India's general election, company officials said Monday. Facebook listed a variety of measures it is taking, from blocking fake accounts to employing third-party fact-checking organizations,...

EU parliament backs copyright bill targeting US tech giants

Mar. 26, 2019 8:34 PM EDT

STRASBOURG, France (AP) — European Union lawmakers approved a copyright directive Tuesday intended to give writers and artists more protection of their creative rights and incomes. But outspoken critics say the contentious measure could have major implications for US tech companies and could censor anyone...

UN rights experts decry Big Finance moves in housing market

Mar. 26, 2019 7:22 PM EDT

GENEVA (AP) — Two independent U.N. human rights experts are denouncing moves by big investment and private equity firms to buy up affordable and low-income homes to the detriment of tenants, singling out one by name: Blackstone Group. A statement from the United Nations human rights office in Geneva on...

GOP lawmakers set goal of summer vote for trade deal

Mar. 26, 2019 7:12 PM EDT

WASHINGTON (AP) — President Donald Trump and House Republicans moved to build congressional support for the U.S.-Mexico-Canada trade accord on Tuesday with lawmakers selling the plan as offering big benefits for American workers. But prospects remain uncertain as Democrats are in no hurry to secure a...