News  /  Biz  / 


DJIA 18183.75 -39.28
Nasdaq 5291.12 -18.70
S&P 500 2146.65 -4.68

Most Recent

Leader of firm that cheated people out of $1.8B admits guilt

The Associated Press  |  Posted  Oct 25th - 11:41am

The president of a Massachusetts-based internet telecom company that prosecutors say was actually a pyramid scheme that cheated about 965,000 people worldwide out of nearly $1.8 billion has pleaded guilty to wire fraud and conspiracy.

Expert calls UN response to cholera in Haiti 'a disgrace'

Edith M. Lederer, Associated Press  |  Posted  Oct 25th - 11:41am

A U.N. human rights expert strongly criticized the United Nations on Tuesday for denying legal responsibility for the 2010 cholera outbreak in Haiti caused by U.N. peacekeepers, calling it "a disgrace" and urging the world body to issue an apology and accept responsibility.

Q&A: New sign-up season; new woes for Obama health law

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Oct 25th - 11:41am

President Barack Obama is leaving the White House in a few months, but the troubles of his namesake health care law continue to make headlines. With premiums rising by double digits and many consumers scrambling to replace coverage because their insurer bailed out, the 2017 sign-up season that starts Nov. 1 looks challenging.

ECB chief: low interest rates don't make inequality worse

David McHugh, Associated Press  |  Posted  Oct 25th - 11:22am

The head of the European Central Bank is defending the bank's monetary stimulus programs and record-low interest rates against concerns that they hurt savers and favor the wealthy.

IMF: Sub-Saharan Africa growth to slow to lowest in 20 years

Maria Danilova, Associated Press  |  Posted  Oct 25th - 11:22am

The International Monetary Fund warned on Tuesday that growth in the sub-Saharan Africa region is likely to slow to its lowest point in more than 20 years, with average growth forecast at just 1.5 percent this year due to lower commodity prices and an unfriendly global economic environment.

Ryan urges Pentagon to suspend collection of Guard bonuses

Matthew Daly, Associated Press  |  Posted  Oct 25th - 11:22am

House Speaker Paul Ryan on Tuesday called for the Pentagon to immediately suspend efforts to recover enlistment bonuses paid to thousands of soldiers in California who signed up to serve in Iraq and Afghanistan.

What Volkswagen owners can expect from the diesel settlement

Dee-Ann Durbin, Associated Press  |  Posted  Oct 25th - 11:21am

A federal judge on Tuesday approved a settlement between Volkswagen AG and about 475,000 owners of diesel cars that don't meet U.S. emissions standards.

Report: Gunmen still control metals mined for modern gadgets

Brandon Bailey, Associated Press  |  Posted  Oct 25th - 11:21am

Violent gunmen still menace pick-and-shovel miners in eastern Congo, a new report finds, despite years of efforts to loosen their grip by local reformers, Western activists and companies like Apple and Intel that use minerals from the African region in their products.

Police: 2 dead, including gunman, in workplace shooting

The Associated Press  |  Posted  Oct 25th - 11:13am

A current or former employee shot one person and wounded three others before apparently killing himself at a rail car manufacturing plant in Virginia early Tuesday, authorities said.

Belgium saying Wallonia talks on EU-Canada deal progressing

Raf Casert, Associated Press  |  Posted  Oct 25th - 11:12am

The Belgian government says that talks to convince the region of Wallonia to agree to a trade deal between the European Union and Canada are making progress, two days before the pact is supposed to be signed at a summit.

Washed-out bridge blamed for pipeline rupture, gas spill

The Associated Press  |  Posted  Oct 25th - 11:10am

A bridge washed out by flooding traveled the length of a football field and ruptured a pipeline last week, spilling about 55,000 gallons of gasoline into a Pennsylvania creek, pipeline officials said Tuesday.

Hungary: Publisher of suspended opposition newspaper sold

The Associated Press  |  Posted  Oct 25th - 10:51am

A company linked to an ally of Hungary's prime minister says it has bought the company that publishes the main opposition newspaper, which suspended publication weeks ago.

Stocks slip as earnings hit consumer companies

Marley Jay, Associated Press  |  Posted  Oct 25th - 10:51am

U.S. stocks are slipping Tuesday as corporate earnings dominate the news and consumer companies like athletic apparel maker Under Armour and appliance maker Whirlpool absorb their largest losses in years. However strong results for household goods maker Procter & Gamble are sending its stock higher.

Trump brand loses luster with affluent

Mae Anderson and Bernard Condon, Associated Press  |  Posted  Oct 25th - 10:51am

Event planner Beth Bernstein decided she had had enough with Donald Trump after his 2005 hot-mic boasts about groping women came to light earlier this month. She removed photos of weddings she had thrown at a Trump hotel in Chicago from her website, wrote to hotel staff to remove her from the list of "preferred vendors" and posted a sort of call to arms on her blog.

Celebrities of all types are fanning out for Clinton

Catherine Lucey, Associated Press  |  Posted  Oct 25th - 10:41am

For television actress Busy Philipps, campaigning for Hillary Clinton isn't always glamorous.

Judge approves $15 billion Volkswagen emissions settlement

The Associated Press  |  Posted  Oct 25th - 10:40am

A federal judge in San Francisco has approved a nearly $15 billion court settlement of most claims against Volkswagen for its emissions-cheating scandal.

Caterpillar stung by global economic funk

The Associated Press  |  Posted  Oct 25th - 10:32am

Caterpillar's third-quarter profit was essentially cut in half with the global economy stuck in a funk, and the company said that it expects that malaise to extend into next year.

Harvard reaches tentative deal with striking dining workers

The Associated Press  |  Posted  Oct 25th - 10:32am

Harvard University has reached a tentative labor agreement with its striking cafeteria workers.

The Latest: No more threats found after workplace shooting

The Associated Press  |  Posted  Oct 25th - 10:31am

The Latest on the fatal workplace shooting inside a rail car manufacturing company in Virginia (all times local):