Latest Business News

Oklahoma AG calls company 'kingpin' in state's opioid crisis

Jul. 15, 2019 6:45 PM EDT

NORMAN, Okla. (AP) — Consumer products giant Johnson & Johnson was a "kingpin" company that helped fuel the most devastating public health crisis in Oklahoma history, the state attorney general argued Monday during the close of his case against the opioid drug manufacturer. Mike Hunter said the New...

EU slaps sanctions on Turkey over gas drilling off Cyprus

Jul. 15, 2019 6:34 PM EDT

BRUSSELS (AP) — European Union foreign ministers on Monday turned up the pressure on Turkey after approving an initial batch of sanctions against the country over its drilling for gas in waters where EU member Cyprus has exclusive economic rights. The ministers said in a statement that in light of Turkey's...

The Latest: Hawaii crews installing highway barriers

Jul. 15, 2019 6:27 PM EDT

MAUNA KEA, Hawaii (AP) — The Latest on the start of work to build a massive telescope on a site considered sacred by some Native Hawaiians (all times local): 12:30 p.m. Hawaii officials say crews will spend a few hours installing concrete barriers along a highway shoulder to protect large numbers of people...

Treasury chief: Facebook currency plan ripe for illicit use

Jul. 15, 2019 6:24 PM EDT

WASHINGTON (AP) — The Trump administration came out strongly Monday against Facebook's ambitious plan to create a new digital currency, as the Treasury chief warned it could be used for illicit activity such as money laundering, human trafficking and financing terrorism. Treasury Secretary Steven Mnuchin...

GAO: EPA skirted procedures in overhaul of science boards

Jul. 15, 2019 6:17 PM EDT

WASHINGTON (AP) — The Environmental Protection Agency skirted some of its usual procedures and ethics rules when it overhauled key agency advisory boards, slashing the numbers of academic scientists on the panels and appointing more industry figures, the Government Accountability Office said Monday. Senate...

Joe Biden draws line against progressives on health care

Jul. 15, 2019 6:12 PM EDT

DES MOINES, Iowa (AP) — Joe Biden is taking an aggressive approach to defending the Affordable Care Act, challenging not just President Donald Trump but also some of his rivals for the Democratic presidential nomination who want to replace the current insurance system with a fully government-run model. The...

Mnuchin says budget deal with Pelosi is 'very close'

Jul. 15, 2019 6:11 PM EDT

WASHINGTON (AP) — It's House Speaker Nancy Pelosi and top Senate Republican Mitch McConnell vs. hardliners in the White House as lawmakers pursue a deal on federal spending and the debt. And the hardliners, wary of further increases to federal spending, appear to be losing. Talks between Pelosi and...

Casino reports opening week profits as suit alleges cheating

Jul. 15, 2019 6:02 PM EDT

EVERETT, Mass. (AP) — A class action lawsuit is accusing Encore Boston Harbor of cheating gamblers out of their winnings as state regulators disclose the new casino's first week earnings. The suit by New York resident Richard Schuster says the Everett casino is paying out less for certain winning hands at...

SpaceX: Leaky valve caused crew capsule to explode in test

Jul. 15, 2019 5:56 PM EDT

CAPE CANAVERAL, Fla. (AP) — A leaky valve caused a SpaceX crew capsule to explode during a ground test back in April, destroying the spacecraft and dealing a blow to the company's effort to launch astronauts. The company announced the preliminary results of its accident investigation Monday. SpaceX's crew...

Trump signs order to make American-made goods more American

Jul. 15, 2019 5:45 PM EDT

WASHINGTON (AP) — President Donald Trump signed an executive order Monday that will require federal agencies to purchase products using more American components. The order strengthens the standards that federal agencies must follow under the Buy American Act, which creates a preference for American-made...