News  /  Biz  / 


DJIA 18145.71 -16.64
Nasdaq 5257.40 +15.57
S&P 500 2141.16 -0.18

Most Recent


Matthew Pennington, Associated Press  |  Posted  Oct 21st - 11:40pm

THE ISSUE: Tensions have been rising between China and the United States. China is modernizing its military and pressing its sovereignty claims over the disputed South China Sea, an important route for global trade. The U.S. is pushing back by increasing its military presence in Asia, which China views as provocative. The U.S. also accuses China of unfair trading practices and cyber theft of business secrets. Tough action by either side could spark a skirmish at sea or a trade war that would make many goods in the U.S. more expensive.

WHY IT MATTERS: Minimum Wage

Christopher S. Rugaber, Associated Press  |  Posted  Oct 21st - 11:30pm

THE ISSUE: Modest income growth for most Americans, strikes by fast-food workers, and the rapid growth of low-paying jobs at the same time middle-income work shrinks have combined to make the minimum wage a top economic issue for the 2016 campaign. Millions could benefit: Raising the federal minimum wage from $7.25 an hour to $12 would lift pay for 35 million workers, or 1 in 4 employees nationwide, according to the liberal Economic Policy Institute. But it would also boost costs for employers and may slow hiring. And it could lead to higher prices at clothing stores and restaurants and for other services.


Christopher S. Rugaber, Associated Press  |  Posted  Oct 21st - 11:21pm

THE ISSUE: Tepid income growth and shrinking opportunities for blue-collar workers have kept many Americans anxious about jobs and the economy, seven years after the Great Recession ended.


Andrew Taylor, Associated Press  |  Posted  Oct 21st - 11:20pm

THE ISSUE: The Internal Revenue Service touches everyone, not just taxpayers but anyone who receives a government check, drives on roads made possible by tax revenue or sends a child to a school helped by Washington. It's a touch that can come with a heavy hand, in the eyes of critics who believe the agency's far-reaching powers are abused and need to be tamed.

WHY IT MATTERS: Income inequality

Josh Boak, Associated Press  |  Posted  Oct 21st - 11:20pm

THE ISSUE: The rich keep getting richer while more Americans are getting left behind financially.

WHY IT MATTERS: Debate showed how divisive trade has become

Paul Wiseman, Associated Press  |  Posted  Oct 21st - 11:10pm

THE ISSUE: Free trade has become a ripe target in the U.S. presidential campaign.

Pennsylvania crews monitor ruptured pipeline, drinking water

Megan Trimble and Mark Scolforo, Associated Press  |  Posted  Oct 21st - 10:50pm

Emergency crews were monitoring a pipeline that ruptured during a freak storm in Pennsylvania, anxiously waiting to see if nearly 55,000 gallons of gasoline would reach drinking water supplies serving thousands of residents.

Strong storms cause floods, kill 1 person in Pennsylvania

Mark Scolforo and Megan Trimble, Associated Press  |  Posted  Oct 21st - 9:50pm

Strong storms hit pockets of western and central Pennsylvania early Friday, bringing up to 7 inches of rain, turning roads into rivers, damaging homes in communities as far as 150 miles apart and killing one person.

The Latest: Water plant shut down after gasoline spill

The Associated Press  |  Posted  Oct 21st - 9:50pm

The Latest on flooding across western and central Pennsylvania (all times local):

Christie aide on trial says she told him of traffic study

Michael Balsamo and Michael Catalini, Associated Press  |  Posted  Oct 21st - 9:01pm

Republican Gov. Chris Christie approved of a traffic study on the George Washington Bridge, his former deputy chief of staff testified Friday in her criminal trial, but federal prosecutors say it was actually a cover story for a political payback scheme designed to cause traffic jams.

UN expert urges next UN chief to focus on ending tax havens

Edith M. Lederer, Associated Press  |  Posted  Oct 21st - 8:31pm

A U.N. human rights expert urged the next U.N. secretary-general on Friday to make the elimination of tax havens a priority to ensure that corporations, billionaires and "kleptocrats" pay their fair share of taxes.

NY enacts restrictions on Airbnb, with fines of up to $7,500

David Klepper, Associated Press  |  Posted  Oct 21st - 7:31pm

New York state enacted one of the nation's toughest restrictions on Airbnb on Friday with a new law authorizing fines of up to $7,500 for many short-term rentals.

Overloaded train derails in Cameroon, killing at least 53

Edwin Kindzeka Moki, Associated Press  |  Posted  Oct 21st - 7:21pm

An overloaded train derailed along the route that links Cameroon's two major cities on Friday, killing at least 53 people and injuring more than 300, the government said.

Judge: Poker pro Ivey, pal broke gambling rules in $10M win

Wayne Parry, Associated Press  |  Posted  Oct 21st - 6:33pm

A federal judge ruled on Friday that poker pro Phil Ivey and a companion violated state gambling regulations in the way they won nearly $10 million at cards at an Atlantic City casino.

Russian indicted on charges he hacked LinkedIn

The Associated Press  |  Posted  Oct 21st - 6:11pm

A Russian man has been charged with hacking and stealing information from computers at LinkedIn and other San Francisco Bay Area companies, federal prosecutors announced Friday.

Senior NJ Transit leaders skip hearing on deadly train crash

Michael R. Sisak, Associated Press  |  Posted  Oct 21st - 5:50pm

New Jersey Transit's top officials skipped a state oversight hearing Friday to meet with federal regulators, upsetting lawmakers eager to question them about their agency's poor safety record and slow deployment of sophisticated technology that could have prevented a deadly crash last month.

Police mistake doughnut glaze for meth, man sues over arrest

The Associated Press  |  Posted  Oct 21st - 5:32pm

A Florida man arrested last year after police mistook doughnut glaze in his car for meth is suing the city of Orlando and a drug-testing kit company.

Feds not dropping fraud case against Texas attorney general

Paul J. Weber, Associated Press  |  Posted  Oct 21st - 5:10pm

Investor fraud accusations against Texas Attorney General Ken Paxton are back in federal court, at least for now, after the U.S. Securities and Exchange Commission on Friday refiled a civil lawsuit against the Republican that a judge previously dismissed.

Chemical cloud over Kansas community dissipates

The Associated Press  |  Posted  Oct 21st - 4:41pm

A chemical spill at a northeast Kansas distilling plant released a noxious cloud of fumes Friday, forcing temporary evacuations and sending dozens of people to the hospital, including two who were in intensive care, officials said.

US internet repeatedly disrupted by cyberattacks on key firm

Raphael Satter and Frank Bajak, Associated Press  |  Posted  Oct 21st - 4:40pm

Cyberattacks on a key internet firm repeatedly disrupted the availability of popular websites across the United States Friday, according to analysts and company officials. The White House described the disruption as malicious. Members of a hacker group spread across China and Russia claimed responsibility, although their assertion couldn't be verified.