Latest Business News

North Korea's stable exchange rates confound economists

Nov. 16, 2018 7:54 PM EST

PYONGYANG, North Korea (AP) — It's a question that nags at North Korea economy watchers: How has the country been able to maintain stable exchange rates — and avert hyper-inflation — despite intense sanctions, political tensions and a swelling trade imbalance? In a nutshell, North Korea buys...

Regulators close Maine's shrimp fishery for next 3 years

Nov. 16, 2018 7:50 PM EST

PORTLAND, Maine (AP) — Regulators voted Friday to close the Gulf of Maine winter shrimp season for another three years, raising fears that the fishery decimated by rising water temperatures may never bounce back. The Atlantic States Marine Fisheries Commission has been taking a year-to-year approach to...

California utility shares rise as regulator calms investors

Nov. 16, 2018 7:46 PM EST

SACRAMENTO, Calif. (AP) — Shares of Pacific Gas & Electric Co. soared Friday after California's top utility regulator said his agency will help the company deal with potentially crippling liability costs from wildfires. PG&E's stock rebounded 37.5 percent Friday after plunging 60 percent and losing...

Groups protest plans for possible lease sale in Beaufort

Nov. 16, 2018 7:39 PM EST

ANCHORAGE, Alaska (AP) — Federal regulators are preparing an environmental review for a possible offshore lease sale in Alaska's Beaufort Sea and environmental groups are calling foul. The legality of Arctic Ocean offshore lease sales is the subject of a federal lawsuit. Environmental groups say it's...

Lawyer who battled Chevron may get chance to defend himself

Nov. 16, 2018 7:22 PM EST

A New York attorney who won a landmark oil pollution judgment against Chevron in Ecuador's court system only to have his law license suspended at home for malpractice never got a fair hearing and should be allowed to defend himself against disbarment, a legal referee has ruled. The decision involves Steven...

The Latest: CNN's Acosta returns to White House after ruling

Nov. 16, 2018 7:00 PM EST

WASHINGTON (AP) — The Latest on the legal challenge to the White House's decision to strip CNN reporter Jim Acosta of his White House press credentials (all times local): 6:55 p.m. CNN's Jim Acosta is back at the White House after a federal judge ordered the Trump administration to immediately return his...

1st pot shops in eastern US get OK to open in Massachusetts

Nov. 16, 2018 6:48 PM EST

BOSTON (AP) — Two marijuana stores in Massachusetts were given the green light Friday to begin selling to recreational customers next week, making them the first commercial pot shops in the eastern United States. Both stores, one located in Northampton and the other in Leicester, said they would open...

Google approved to build $600M data center in Henderson

Nov. 16, 2018 6:32 PM EST

LAS VEGAS (AP) — Google has received the go-ahead to build a $600 million data center in the Las Vegas suburb of Henderson. The Nevada Governor's Office of Economic Development approved Thursday about $25 million in tax abatements over a 20-year period for Design LLC, a subsidiary of Google. Officials say...

First African-American top network executive exiting ABC

Nov. 16, 2018 6:16 PM EST

LOS ANGELES (AP) — Channing Dungey, the first African-American executive to lead a major broadcast network, is stepping down. Disney-owned ABC said Friday that Dungey has decided to exit as ABC Entertainment president. She will be replaced by Karey Burke, a programming development executive at ABC sibling...

Crumbling foundations chief concerned about funding delay

Nov. 16, 2018 6:13 PM EST

HARTFORD, Conn. (AP) — The superintendent of the new entity that's expected next month to begin distributing millions of dollars to Connecticut homeowners with crumbling foundations warned state lawmakers Friday he's within weeks of shutting down if state bond funds aren't released soon. Michael Maglaras...