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Tech entrepreneur's dismembered body found in luxury condo

The Associated Press  |  Posted Jul 15th - 6:59am

The dismembered body of a 33-year-old tech entrepreneur was found inside his luxury Manhattan condo, police said Wednesday.

Goldman 2Q profit tops forecast on strong trading revenue

The Associated Press  |  Posted Jul 15th - 6:52am

Goldman Sachs Group Inc.'s second-quarter profit blew past Wall Street's expectations thanks to strong results from its investment banking and trading businesses.

NY Times to move some staff from Hong Kong, citing new law

Zen Soo, Associated Press  |  Posted Jul 15th - 4:54am

The New York Times said Tuesday it will transfer some of its staff out of Hong Kong because of uncertainties about practicing journalism in the Chinese territory under its newly imposed national security law.

Europe's shift to electric cars picks up despite recession

David McHugh, Associated Press  |  Posted Jul 15th - 4:47am

The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than the overall market amid a deeply painful recession, mainly thanks to the action of governments.

Seafarers group: Tanker off UAE sought by US was 'hijacked'

Jon Gambrell, Associated Press  |  Posted Jul 15th - 4:19am

An oil tanker sought by the U.S. over allegedly circumventing sanctions on Iran was hijacked on July 5 off the coast of the United Arab Emirates, a seafarers organization said Wednesday.

Seafarers organization: Oil tanker sought by US over Iran sanctions was hijacked July 5 off United Arab Emirates coast

The Associated Press  |  Posted Jul 15th - 4:13am

Seafarers organization: Oil tanker sought by US over Iran sanctions was hijacked July 5 off United Arab Emirates coast.

Apple wins EU court case over $15 billion in claimed taxes

Raf Casert, Associated Press  |  Posted Jul 15th - 3:13am

A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland.

EU high court backs Apple, Ireland in EU’s landmark $15 billion tax case

The Associated Press  |  Posted Jul 15th - 3:08am

EU high court backs Apple, Ireland in EU’s landmark $15 billion tax case.

China accuses Britain of helping Washington hurt Huawei

Joe McDonald, Associated Press  |  Posted Jul 15th - 2:40am

China accused Britain on Wednesday of colluding with Washington to hurt Huawei after the Chinese tech giant was blocked from working on a British next-generation mobile phone network.

Chinese UK ambassador says Huawei decision 'unfair'

The Associated Press  |  Posted Jul 15th - 2:23am

China’s ambassador to the U.K. has questioned whether Britain can offer a fair business environment following its decision to ban Huawei from taking part in the country’s high-speed wireless network.

Update on the latest in business:

The Associated Press  |  Posted Jul 15th - 1:35am

Shares are mostly higher in Asia today as investors are encouraged by news that an experimental COVID-19 vaccine under development by Moderna and the U.S. National Institutes of Health revved up people’s immune systems just as desired.

In virus era, back-to-school plans stress working parents

Travis Loller, Associated Press  |  Posted Jul 15th - 1:13am

For generations, school has been an opportunity for American children to learn and make friends. For many parents today, though, it's something that's elemental in a very different way: a safe place that cares for their children while they are at work — or a necessity for them to be able to work at all.

AM Prep-Segue

The Associated Press  |  Posted Jul 15th - 1:05am

Officials say an autopsy has confirmed that “Glee” star Naya Rivera died from accidental drowning. The Ventura County Medical Examiner says Tuesday that Rivera showed no signs of traumatic injury or disease that might have contributed to the drowning and there was no initial indication that drugs or alcohol played a role. Rivera’s body was found Monday in Southern California’s Lake Piru, five days after she went missing while boating with her 4-year-old son. The creators of “Glee” announced Tuesday that they’d be creating a college fund for the boy and remembered Rivera as joyful and immensely talented.

AM Prep-Cyber Corner

The Associated Press  |  Posted Jul 15th - 1:05am

Peacock, one of the last big new streaming services to launch in the U.S., was supposed to get a big boost from carrying the Olympics. The coronavirus pandemic delayed the Games to 2021, so that didn’t work out for Peacock’s owner, Comcast’s NBCUniversal. It’s launching with fewer original shows than expected because of Hollywood’s shutdown; it also won’t initially work with two popular TV-streaming gadgets, Roku or Amazon Fire. But Peacock is hoping that blaring “free” in an ad campaign for the service will entice viewers wary of adding yet another video subscription to their stack.

Virus resurgence forces countries to reimpose restrictions

Costas Kantouris, Vanessa Gera and Rod McGuirk, Associated Press  |  Posted Jul 15th - 12:49am

Countries around the world are reimposing lockdowns and implementing new health restrictions at their borders in an effort to curb a resurgence of the coronavirus before it spins even further out of control.

Nissan rolls out new electric crossover, aims to boost image

Yuri Kageyama, Associated Press  |  Posted Jul 15th - 12:03am

Nissan unveiled an electric crossover vehicle Wednesday, the Japanese automaker’s first major all-new model since getting embroiled in the scandal surrounding its former chairman, Carlos Ghosn.

The Latest: Zimbabwe postpones reopening of schools

The Associated Press  |  Posted Jul 14th - 11:45pm

Tokyo Gov. Yuriko Koike says the spread of infections in the Japanese capital has escalated to levels tantamount to “issuing an alarm,” and requested residents and business owners to step up preventive measures.

ViacomCBS drops Nick Cannon, cites 'anti-Semitic' comments

Lynn Elber, Associated Press  |  Posted Jul 14th - 11:38pm

Nick Cannon's “hateful speech” and anti-Semitic theories led ViacomCBS to cut ties with the TV host and producer, the media giant said.

Chaotic protests prompt soul-searching in Portland, Oregon

Gillian Flaccus, Associated Press  |  Posted Jul 14th - 11:26pm

Nearly two months of nightly protests that have devolved into violent clashes with police have prompted soul-searching in Portland, Oregon, a city that prides itself on its progressive reputation but is increasingly polarized over how to handle the unrest.