Business News

Latest Business Video

Latest Business Headlines

April 17

Schumer says US will provide $6.1 billion to Micron Technology for chip plants in NY, Idaho

The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips in New York and Idaho
April 17
President Joe Biden waves as he walks across the South Lawn of the White House in Washington, Wednesday, April 17, 2024, after returning from a trip to Pennsylvania. (AP Photo/Susan Walsh)
April 17

Who owns businesses in California? A lawmaker wants the public to know

A California lawmaker wants to require limited liability companies and similar businesses to report the identities of their owners to the government
April 17
FILE - State Sen. Maria Elena Durazo, D-Los Angeles, addresses a gathering in Sacramento, Calif., May 20, 2019. This year, Durazo, has introduced a bill to require business owners and landlords to disclose their identities under legislation aimed at cracking down on opaque ownership structures that have enabled some companies to skirt state laws without facing consequences. (AP Photo/Rich Pedroncelli, File)
April 17

New York competition, smoking, internet betting concerns roil US northeast's gambling market

Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City
April 17
A gambler touches the screen of a slot machine at Harrah's casino in Atlantic City N.J., Sept. 29, 2023. Figures released, Tuesday, April 16, 2024, show Atlantic City's casinos, their online partners and horse tracks that take sports bets won over $526 million in March, a month in which New Jersey's internet gambling market set yet another monthly record at $197 million. (AP Photo/Wayne Parry)
April 17

One Tech Tip: What to do if your personal info has been exposed in a data breach

Data breaches are becoming an almost regular occurrence
April 17
FILE - A person works on a laptop on June 19, 2017, in North Andover, Mass. As more of our lives move online, our personal data like email addresses, phone numbers, birthdates and even passcodes are becoming ever more vulnerable to theft or being mistakenly exposed. (AP Photo/Elise Amendola, File)
April 17

CSX profit drops 10% despite railroad delivering 3% more freight in first quarter

CSX railroad's first-quarter profit slipped 10% even though the railroad delivered 3% more goods as shipments it handled shifted to a less-profitable mix
April 17
FILE - A CSX freight train sits on a siding in downtown Pittsburgh, Nov. 19, 2022. CSX reports their earnings on Wednesday, April 17, 2024. (AP Photo/Gene J. Puskar, File)
April 17

Abu Ghraib military contractor warned bosses of abuses 2 weeks after arriving, testimony reveals

A civilian contractor sent to work as an interrogator at Iraq’s infamous Abu Ghraib prison resigned within two weeks of his arrival and told his corporate bosses that mistreatment of detainees was likely to continue
April 17
En este bosquejo artístico aparece Salah Al-Ejaili, al frente, derecha, con anteojos, experiodista de Al-Jazeera, ante el tribunal de distrito de Estados Unidos en Alexandria, Virginia, el martes 16 de abril de 2024. Al-Ejaili ha testificado sobre abusos que sufrió cuando estuvo detenido de la prisión de Abu Ghraib, en Irak. (Dana Verkouteren vía AP)
April 17

US probe of Hondas that can activate emergency braking for no reason moves closer to a recall

A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall
April 17
FILE - The logo of the Honda Motor Co. is seen in Yokohama, near Tokyo, Dec. 15, 2021. A U.S. government investigation into unexpected automatic braking involving nearly 3 million Hondas is a step closer to a recall, the National Highway Traffic Safety Administration said Wednesday, April 17, 2024. (AP Photo/Koji Sasahara, File)
April 17

How major US stock indexes fared Wednesday, 4/17/2024

Sinking technology stocks sent Wall Street lower again, and the S&P 500 fell to its fourth straight loss
April 17
April 17

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for May delivery fell $2.67 to $82.69 per barrel Wednesday
April 17
April 17

US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades

The Biden administration has reimposed crushing oil sanctions on Venezuela in a rebuke to President Nicolas Maduro’s attempts to consolidate his rule just six months after the U.S. eased restrictions in a bid to support now fading hopes for a democrati...
April 17
People wait in line to register to vote in the upcoming presidential election in Caracas, Venezuela, Tuesday, April 16, 2024. Voters go to the polls on July 28th. (AP Photo/Ariana Cubillos)
April 17

Why the UAW vote at Volkswagen is significant for workers across US

4,000 workers at a Volkswagen plant in Tennessee are casting union ballots.
April 17
 United Auto Workers members strike the General Motors Lansing Delta Assembly Plant in Lansing, MI, Sept. 29, 2023 in Lansing, Michigan.
April 17

Judges orders Pennsylvania agency to produce inspection records related to chocolate plant blast

Pennsylvania utility regulators must turn over inspection records to the National Transportation Safety Board as part of the federal investigation into a fatal explosion at a chocolate factory
April 17
April 17

Biden promises to keep US Steel as a 'totally American company' while his administration reviews Japanese takeover plan

Biden promises to keep US Steel as a 'totally American company' while his administration reviews Japanese takeover plan
April 17
April 17

Regulators pleased Union Pacific is using fewer temporary shipping limits

Union Pacific dramatically reduced its use of temporary limits on some businesses’ shipments over the past year after its customers complained
April 17
FILE - A maintenance worker walks past the company logo on the side of a locomotive in the Union Pacific Railroad fueling yard in north Denver, Oct. 18, 2006. Union Pacific dramatically reduced its use of temporary limits on some businesses' shipments over the past year after its customers complained, but regulators said Wednesday, April 17, 2024, that the railroad must go further to be in line with the other major freight railroads that rarely use such embargoes. (AP Photo/David Zalubowski, File)
April 17

Owner of ship in Baltimore bridge collapse asks for help cover salvage costs

The owner of the container ship Dali has initiated a process requiring owners of the cargo on board to share salvage costs after the deadly collapse of Baltimore’s Francis Scott Key Bridge
April 17
Salvage work continues on the collapsed Francis Scott Key Bridge, Monday, April 15, 2024, in Baltimore. The FBI confirmed that agents were aboard the Dali conducting court-authorized law enforcement activity. (AP Photo/Julia Nikhinson)
April 17

United Airlines, Eli Lilly rise; JB Hunt, Travelers fall, Wednesday, 4/17/2024

Stocks that are trading heavily or have substantial price changes on Wednesday: United Airlines, Eli Lilly rise; JB Hunt, Travelers fall
April 17
April 17

Alaska Airlines briefly grounds flights due to technical issue

Alaska Airlines briefly grounded all flights Wednesday due to a technical issue
April 17
FILE - An Alaska Airlines aircraft sits in the airline's hangar at Seattle-Tacoma International Airport Wednesday, Jan. 10, 2024, in SeaTac, Wash. Alaska Airlines briefly grounded all flights Wednesday, April 17, due to a technical issue. (AP Photo/Lindsey Wasson, File)
April 17

An NPR editor who wrote a critical essay on the company has resigned after being suspended

A National Public Radio editor who wrote a critical essay saying that his company had become intolerant of all but liberal views has resigned
April 17
FILE - The headquarters for National Public Radio (NPR) stands on North Capitol Street on April 15, 2013, in Washington. A National Public Radio editor who wrote an essay criticizing his employer for promoting liberal reviews resigned on Wednesday, April 17, 2024, a day after it was revealed that he had been suspended. (AP Photo/Charles Dharapak, File)
April 17

Disneyland performers file petition to form labor union

Workers who help bring Disneyland’s beloved characters to life have filed a petition to form a labor union
April 17
A view of Disneyland's amusement park Matterhorn, far left, is seen through a window in Anaheim, Wednesday, April 17, 2024. Workers who help bring Disneyland's beloved characters to life said Wednesday they collected enough signatures to support their push for a union. (AP Photo/Damian Dovarganes)
April 17

Amazon removed Just Walk Out from many of its own stores but wants to sell the system to others

Amazon wants other businesses to know it’s not giving up on its Just Walk Out technology
April 17
FILE - An Amazon Fresh grocery store is seen, Feb. 4, 2022, in Warrington, Pa. Amazon is removing Just Walk Out technology from its Amazon Fresh stores as part of an effort to revamp the grocery chain. (AP Photo/Matt Rourke, File)
April 17

9 facing charges in Canada's biggest gold theft in the country's history

Canadian police say nine people are facing charges in the biggest gold theft in Canadian history from Toronto’s Pearson International airport a year ago
April 17
Investigators stand during a press conference regarding Project 24K a joint investigation into the theft of gold from Pearson International Airport, in Brampton, Ontario, on Wednesday, April 17, 2024. (Arlyn McAdorey/The Canadian Press via AP)
April 17

Supreme Court makes it easier to sue for job discrimination over forced transfers

The Supreme Court has made it easier for workers who are transferred from one job to another against their will to pursue job discrimination claims under federal civil rights law, even when they are not demoted or docked pay
April 17
FILE - The Supreme Court is seen in Washington, March 7, 2024. (AP Photo/J. Scott Applewhite, File)
April 17

New study calculates climate change's economic bite will hit about $38 trillion a year by 2049

A new study says climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming, with the poorest areas and those least responsible for heat-trapping gases taking the biggest monetary hit
April 17
FILE - A man buys a cool drink from a roadside vendor on a sunny day in Mahawewa, a village north of Colombo, Sri Lanka, Feb. 29, 2024. A new study says climate change will reduce future global income by about 19% in the next 25 years compared to a fictional world that’s not warming. (AP Photo/Eranga Jayawardena, File)
April 17

Ford recalls over 456,000 Bronco Sport and Maverick cars due to loss of drive power risk

Ford is recalling more than 456,000 Bronco Sport and Maverick vehicles due to a battery detection issue that can result in loss of drive power
April 17
FILE -A Ford Bronco is displayed at a Gus Machado Ford dealership on Jan. 23, 2023, in Hialeah, Fla. Ford is recalling more than 456,000 Bronco Sport and Maverick vehicles, Wednesday, April 17, 2024, due to a battery detection issue that can result in loss of drive power. (AP Photo/Marta Lavandier, File)
April 17

Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range

Abbott Laboratories on Wednesday reported first-quarter profit of $1.23 billion
April 17
April 17

Seinfeld's upcoming Netflix movie about Pop-Tarts to be featured in IndyCar race at Long Beach

Jerry Seinfeld’s upcoming Netflix comedy will be featured during this weekend's IndyCar race at Long Beach as rookie Linus Lundqvist will drive a car painted to look like a Pop-Tart in recognition of the movie “Unfrosted.”
April 17
FILE - Jerry Seinfeld is shown before the men's singles final of the U.S. Open tennis championships between Casper Ruud, of Norway, and Carlos Alcaraz, of Spain, Sunday, Sept. 11, 2022, in New York. Seinfeld's upcoming Netflix comedy will be featured during this weekend's IndyCar race at Long Beach as rookie Linus Lundqvist will drive a car painted to look like a Pop-Tart in recognition of the movie “Unfrosted.”(AP Photo/John Minchillo, File)
April 17

Hugh Grant says he took 'enormous sum' to settle suit alleging illegal snooping by The Sun tabloid

Hugh Grant says he accepted “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him
April 17
FILE - Hugh Grant arrives at the premiere of "Wonka" on Dec. 10, 2023, at Regency Village Theatre in Westwood, Calif. Hugh Grant says he received “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him. (Photo by Richard Shotwell/Invision/AP, File)
April 17

European Union questions TikTok on new app that pays users for watching

European Union regulators are seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos
April 17
FILE - The TikTok logo is seen on a mobile phone in front of a computer screen which displays the TikTok home screen, Saturday, March 18, 2023, in Boston. European Union regulators said Wednesday, April 17, 2024, they're seeking details from TikTok on a new app from the video sharing platform that pays users to watch videos. (AP Photo/Michael Dwyer, File)
April 17

Edmunds: Avoid these 3 mistakes when buying a used car sight unseen

Sometimes you need to buy a car you’ve never seen
April 17
FILE - Used models are shown a Mini dealership on July 21, 2023, in Highlands Ranch, Colo. The average used car price is up 16% from three years ago. (AP Photo/David Zalubowski, File)
April 17

Georgia's parliament votes to approve so-called 'Russian law' targeting media in first reading

Georgia’s parliament has voted in the first reading to approve a proposed law that would require media and non-commercial organizations to register as being under foreign influence if they receive more than 20% of their funding from abroad
April 17
Demonstrators wave Georgian and EU flags as they gather outside the parliament building in Tbilisi, Georgia, on Wednesday, April 17, 2024, to protest against "the Russian law" similar to a law that Russia uses to stigmatize independent news media and organizations seen as being at odds with the Kremlin. (AP Photo/Zurab Tsertsvadze)
April 17

Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge

Tesla is asking shareholders to restore a $56 billion pay package for CEO Elon Musk that was rejected by a Delaware judge this year, and to shift the company’s corporate home to Texas
April 17
FILE - A Tesla logo has rain drops on it Feb. 27, 2024, in Charlotte, N.C. After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. (AP Photo/Chris Carlson)
April 17

Southern California city council gives a key approval for Disneyland expansion plan

Disney has received a key approval to expand its theme park offerings in California as it seeks to build new, immersive lands for visitors
April 17
FILE - Visitors pass through Disneyland in Anaheim, Calif., April 30, 2021. (AP Photo/Jae C. Hong, File)
April 17

Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals

Thailand and New Zealand have vowed to boost economic cooperation with an aim to triple two-way trade by 2045, as the New Zealand leader visited Thailand for the first time in 11 years
April 17
New Zealand's Prime Minister Christopher Luxon, left, reviews an honor guard during a welcome ceremony at the government house in Bangkok, Thailand, Wednesday, April 17, 2024. (AP Photo/Sakchai Lalit)
April 17

Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs

President Joe Biden has told an audience of cheering unionized steelworkers that his administration will block the acquisition of U.S. Steel by a Japanese company
April 17
President Joe Biden speaks with reporters as he departs on Air Force One at Wilkes-Barre Scranton International Airport, Wednesday, April 17, 2024, in Scranton, Pa. (AP Photo/Alex Brandon)
April 17

Unions in Greece call widespread strikes, seeking a return to bargaining rights axed during bailouts

Strikes called by Greece’s largest labor union have halted ferries, disrupted public transport services and left some state-run hospitals running on emergency staffing levels in Athens and elsewhere
April 17
People walk past docked ferries at the port of Piraeus, near Athens, during a 24-hour ferry strike on Wednesday, April 17, 2024. The General Confederation of Greek Labor, GSEE, called the strikes to press for a return of collective bargaining rights axed more than a decade ago during a severe financial crisis. The 24-hour strike kept ferries at ports and disrupted other public services, leaving some state-run hospitals running on emergency staff levels (AP Photo/Petros Giannakouris)
April 17

US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks

The U.S. 7th Fleet says a Navy P-8A Poseidon has flown through the Taiwan Strait
April 17
FILE - A U.S. P-8A Poseidon reconaissance plane flies near Chinese structures and buildings on the man-made Fiery Cross Reef at the Spratlys group of islands in the South China Sea are seen on March 20, 2022. The U.S. 7th Fleet says a Navy P-8A Poseidon flew through the Taiwan Strait dividing China from the self-governing island democracy and close U.S. partner on Wednesday, April 17, 2024, a day after the U.S. and Chinese defense chiefs held their first talks since Nov. 2022 in an effort to reduce regional tensions. (AP Photo/Aaron Favila, File)
April 17

UK inflation falls to lowest level since late 2021 as food prices ease further

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices
April 17
FILE - A woman selects fruits at a supermarket in London, on Nov. 17, 2021. Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices, official figures showed Wednesday, April 17, 2024. (AP Photo/Frank Augstein, File)
April 17

Homes are demolished in Ivory Coast's main city over alleged health concerns

Authorities in Ivory Coast's largest city are demolishing homes in low-income areas over what they say are public health concerns, leaving thousands without shelter and with nowhere to go
April 17
A school girl walks past houses that were demolished on public health grounds in the Gesco neighborhood of Abidjan, Ivory Coast, Wednesday, Feb. 28, 2024. Rapid urbanisation has led to a population boom and housing shortages in Abidjan, where nearly one in five Ivorians reside, many of them in low-income, crowded communes like the ones in the Gesco and Sebroko districts being demolished on public health grounds. (AP Photo/Diomande Ble Blonde)
April 17

Stock market today: Asian shares gain despite Wall Street's tech-led retreat

Asian shares have advanced even after sinking technology stocks sent Wall Street lower again
April 17
People pass the New York Stock Exchange, right, on Wednesday, April 17, 2024 in New York. Global shares are trading mixed after most U.S. stocks slipped on firmer expectations that the Fed is committed to its current rate practices.(AP Photo/Peter Morgan)
April 17

Apple CEO says company will 'look at' manufacturing in Indonesia

Apple CEO Tim Cook said the company is “looking at” manufacturing in Indonesia as he met with Indonesian President Joko Widodo on Wednesday
April 17
Apple CEO Tim Cook ,center, talks to journalist during a joint press conference with Indonesian Minister of Industry Agus Gumiwang Kartasasmita, left, and Indonesian Minister of Communication and Information Technology Budi Arie Setiadi, right, after a meeting with Indonesian President Joko Widodo at the palace in Jakarta, Indonesia, Wednesday, April 17, 2024.(AP Photo/Achmad Ibrahim)
April 16

Japan records a trade deficit for the third straight fiscal year despite recovering exports

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak
April 16
FILE - A container ship is loaded and unloaded at a container terminal at a port of Kawasaki near Tokyo on March 9, 2022. Japan recorded a trade deficit for the fiscal year ended in March, the government said Wednesday, April 17, 2024, as costs of energy and other imports rose amid a weakening yen. (AP Photo/Koji Sasahara, File)
April 16

US court rejects a request by tribes to block $10B energy transmission project in Arizona

A federal judge has rejected a request by Native American tribes and environmentalists to stop work on a $10 billion electricity transmission line slated to run through a remote valley in southern Arizona
April 16
April 16

Boeing put under Senate scrutiny during back-to-back hearings on aircraft maker's safety culture

An engineer at Boeing alleges the aircraft company is taking manufacturing shortcuts that could lead to jetliners breaking apart
April 16
FILE - An airplane flies over a sign on Boeing's 737 delivery center, Oct. 19, 2015, at Boeing Field in Seattle. Boeing will be in the spotlight during back-to-back hearings Wednesday, April 17, 2024, as Congress examines allegations of major safety failures at the embattled aircraft manufacturer. (AP Photo/Ted S. Warren, File)
April 16

Justin Trudeau's government raises taxes on wealthiest Canadians in federal budget

Canadian Prime Minister Justin Trudeau is imposing higher taxes on the wealthiest Canadians as part of the federal government
April 16
Deputy Prime Minister and Minister of Finance Chrystia Freeland holds a press conference in the media-lockup prior to tabling the Federal Budget in Ottawa, Ontario, on Tuesday, April 16, 2024. (Sean Kilpatrick/The Canadian Press via AP)
April 16

Another record for New Jersey internet gambling revenue as in-person winnings struggle

New Jersey’s high-flying internet gambling market continues to smash records
April 16
A gambler touches the screen of a slot machine at Harrah's casino in Atlantic City N.J., Sept. 29, 2023. Figures released, Tuesday, April 16, 2024, show Atlantic City's casinos, their online partners and horse tracks that take sports bets won over $526 million in March, a month in which New Jersey's internet gambling market set yet another monthly record at $197 million. (AP Photo/Wayne Parry)
April 16

Arrests made a year after gold and cash worth millions were stolen at Toronto airport

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago
April 16
April 16

Retired general's testimony links private contractor to Abu Ghraib abuses

An Army general who investigated the abuse of prisoners 20 years ago at Iraq’s infamous Abu Ghraib prison has testified that a civilian contractor instructed prison guards to “soften up” detainees for interrogations
April 16
This artist sketch depicts Salah Al-Ejaili, foreground right with glasses, a former Al-Jazeera journalist, before the U.S. District Court in Alexandria, Va., Tuesday, April 16, 2024. Al-Ejaili, a former detainee at the infamous Abu Ghraib prison, has described to jurors the type of abuse that is reminiscent of the scandal that erupted there 20 years ago: beatings, being stripped naked and threatened with dogs, stress positions meant to induce exhaustion and pain. (Dana Verkouteren via AP)
April 16

How major US stock indexes fared Tuesday, 4/16/2024

Most U.S. stocks slipped as Treasury yields climbed again on rising expectations that interest rates may stay high for a while
April 16
April 16

United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes

United Airlines says it lost $124 million in the first quarter, and it's blaming Boeing
April 16
A United Airlines jetliner taxis at Denver International Airport Tuesday, April 16, 2024, in Denver. (AP Photo/David Zalubowski)
April 16

Participant, studio behind 'Spotlight,’ ‘An Inconvenient Truth,’ shutters after 20 years

Participant, the activist film and television studio that has financed Oscar winners and socially conscious documentaries, is closing its doors after 20 years
April 16
FILE - Jeff Skoll arrives at the Los Angeles premiere of "An Inconvenient Sequel: Truth to Power" at the Arclight Hollywood, July 25, 2017, in Los Angeles. Participant, the activist film and television studio that has financed Oscar winners like “Spotlight” and socially conscious documentaries like “Food, Inc,” and “Waiting For Superman” is closing its doors after 20 years. Billionaire Skoll told his staff of 100 in a memo shared with The Associated Press on Tuesday, April 16, 2024, that they were winding down company operations. (Photo by Willy Sanjuan/Invision/AP, File)