News  /  Biz  / 

Most Recent

Update on the latest business

The Associated Press  |  Posted Feb 28th - 12:03pm

U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy.

FCC proposes fines for phone companies that shared user data

Tali Arbel, Associated Press  |  Posted Feb 28th - 11:47am

The Federal Communications Commission has proposed roughly $200 million in fines combined for the country's four major phone companies for improperly disclosing customers' real-time location.

Chicago police boost mass transit presence amid crime spike

Don Babwin, Associated Press  |  Posted Feb 28th - 10:57am

A spike in crime on Chicago's rail system and some recent high profile outbursts of violence has prompted the city's police department to put 50 more officers in trains and on platforms and assign four detectives to investigate nothing but Chicago Transit Authority crimes, officials announced Friday.

New York rail tunnel repairs could mean more rider headaches

David Porter, Associated Press  |  Posted Feb 28th - 10:56am

The news that Amtrak will ramp up repairs to its century-old Hudson River rail tunnel while a project to build a new tunnel languishes likely will translate into more headaches for already beleaguered commuters.

EU launches antitrust probe into Italy loan to Alitalia

The Associated Press  |  Posted Feb 28th - 10:55am

The European Union’s antitrust watchdog said Friday that it has launched an investigation into a loan of 400 million euros ($440 million) from the Italian government to national airline Alitalia to establish whether the money is illegal state aid.

House approves bill to ban the sale of flavored e-cigarettes

Matthew Daly, Associated Press  |  Posted Feb 28th - 10:52am

Moving to stem a vaping epidemic among young people, the House has approved a bill to ban the sale of flavored e-cigarettes and other flavored tobacco products.

General Motors to add 1,200 workers at 2 Michigan factories

The Associated Press  |  Posted Feb 28th - 10:45am

General Motors is adding 1,200 jobs at two Michigan factories to build midsize SUVs and two new luxury sedans.

US reports first drug shortage tied to virus outbreak

Matthew Perrone and Linda A. Johnson, Associated Press  |  Posted Feb 28th - 10:42am

Health officials reported the first U.S. drug shortage tied to the viral outbreak that is disrupting production in China, but they declined to identify the manufacturer or the product.

The Abbey Road Institute opens its 1st US school in Miami

Gisela Salomon, Associated Press  |  Posted Feb 28th - 10:32am

One of the world’s leading music studios has set its sights on Miami, with the help of a Grammy-winning Colombian music producer.

Appeals court denies tribe’s quest for casino land

Philip Marcelo, Associated Press  |  Posted Feb 28th - 10:26am

A federal appeals court has ruled against a Native American tribe that had been granted sovereign land to build a casino in Massachusetts.

Sanders-linked group entered into racial discrimination NDA

Brian Slodysko and Will Weissert, Associated Press  |  Posted Feb 28th - 9:55am

A political advocacy group founded by Bernie Sanders entered into a nondisclosure agreement with an African American political consultant that bars her from discussing a lawsuit alleging racial discrimination at the organization and the Vermont senator's 2016 presidential campaign.

Grains mixed, livestock mixed.

The Associated Press  |  Posted Feb 28th - 8:35am

Grain futures were mixed Friday in early trading on the Chicago Board of Trade.

Census hiccups in Alaska may offer preview for rest of US

Mike Schneider and Mark Thiessen, Associated Press  |  Posted Feb 28th - 8:24am

More than a month into the start of the 2020 census in rural Alaska, some workers going door to door have grown frustrated by not knowing when they will get their next assignments. Others have bought gear to protect against the brutal cold only to find out they're not getting paid back. And a smartphone app to log hours worked is difficult to use in the field, census takers told The Associated Press.

Stocks fall on Wall Street, head for worst week since 2008

Damian J. Troise, Associated Press  |  Posted Feb 28th - 7:43am

U.S. stocks fell sharply Friday and were on track for their worst week since October 2008 as the spreading coronavirus threatens to derail the global economy.

Stocks open sharply lower on Wall Street, shaving 2.5% off Dow, and are headed for their worst week since October 2008

The Associated Press  |  Posted Feb 28th - 7:32am

Stocks open sharply lower on Wall Street, shaving 2.5% off Dow, and are headed for their worst week since October 2008.

US consumer spending slowed in January while incomes jumped

Christopher Rugaber, Associated Press  |  Posted Feb 28th - 6:40am

Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.

US consumer spending growth slowed in January while incomes jumped

The Associated Press  |  Posted Feb 28th - 6:35am

US consumer spending growth slowed in January while incomes jumped.

VW agrees to $912 million payments for Germans who sued

The Associated Press  |  Posted Feb 28th - 6:12am

German auto giant Volkswagen agreed Friday to pay 830 million euros ($912 million) in damages to hundreds of thousands of customers whose diesel cars were outfitted with software to manipulate emissions readings.

Markets slide, auto show canceled as virus impact spreads

The Associated Press  |  Posted Feb 28th - 5:51am

Stock markets are heading for their worst week since 2008, Europe's top auto show has been canceled and companies keep lowering their earnings estimates. Here's a look at the latest developments: