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NJ is 1st state to mandate severance pay for mass layoffs

The Associated Press  |  Posted Jan 22nd - 5:36am

New Jersey has become the first state in the nation to guarantee severance pay for mass layoffs, according to the bill's sponsors and the governor's office.

France to put on hold digital tax plan, meet with US

Pan Pylas and Jamey Keaten, Associated Press  |  Posted Jan 22nd - 5:16am

France has agreed to put on hold a tax on big tech companies' online business until November as a gesture of goodwill ahead of discussions later with the U.S. Treasury Secretary, a French government official said Wednesday.

Cyprus: Turkey may have stolen data for latest gas drilling

Menelaos Hadjicostis, Associated Press  |  Posted Jan 22nd - 5:06am

Turkey may have stolen technical data that enabled it send a drill ship at a specific location south of Cyprus that energy companies Eni and Total had pre-selected to carry out their own exploratory drilling, a Cypriot officials said Wednesday.

Why tech has been slow to fight wildfires, extreme weather

Rachel Lerman, Associated Press  |  Posted Jan 22nd - 5:00am

For two years running , California’s wildfires have sent plumes of smoke across Silicon Valley. So far, that hasn't spurred much tech innovation aimed at addressing extreme-weather disasters associated with climate change.

Automaker Daimler sees full-year earnings sag by half

David McHugh, Associated Press  |  Posted Jan 22nd - 4:31am

Germany's Daimler AG, maker of Mercedes-Benz cars, saw its operating earnings fall by half in 2019 as its flagship luxury brand saw lower profits in a tougher global auto market.

Trump lauds US economy at Davos forum, slams impeachment

Darlene Superville, Associated Press  |  Posted Jan 22nd - 4:24am

President Donald Trump is leaving the World Economic Forum in Switzerland with bullish talk on the American economy and lashing out at his Senate impeachment trial back in Washington.

Edmunds: How to buy a high-demand car in a seller's market

Ronald Montoya Of Edmunds, Associated Press  |  Posted Jan 22nd - 4:00am

but not all — of the more outrageous markups: Dealers set the markups high with the expectation that customers will negotiate it down to a more reasonable level. It's a win-win for the dealership because even if you manage to cut a $5,000 markup in half, it's still making $2,500 on the sale. If you want that car now, this technique can still reap a significant improvement on the asking price. Let the salesperson know you're a serious buyer and be ready to act if the dealership is willing to come down on price.

The Latest: Trump tells Thunberg to put her focus elsewhere

The Associated Press  |  Posted Jan 22nd - 3:57am

The Latest on the World Economic Forum in Davos, Switzerland (all times local):

Mother charged in college bribery case to plead guilty

Collin Binkley, Associated Press  |  Posted Jan 22nd - 3:48am

A California woman accused of paying a company $9,000 to take online classes for her son at Georgetown University is expected to plead guilty Wednesday in federal court in Boston.

Britain's EU Journey: When it signed up, 16 years late

Pan Pylas, Associated Press  |  Posted Jan 22nd - 3:16am

Britain officially leaves the European Union on Jan. 31 after a debilitating political period that has bitterly divided the nation since the 2016 Brexit referendum.

UK lays out tough child data privacy rules

Kelvin Chan, Associated Press  |  Posted Jan 22nd - 2:51am

Social media sites, games and other online services won’t be allowed to “nudge” British kids into revealing personal details or lowering their privacy settings, under tough new rules drawn up by the country’s privacy regulator.

Update on the latest in business:

The Associated Press  |  Posted Jan 22nd - 1:46am

Shares were mostly higher in Asia today after U.S. stocks tumbled overnight as a virus outbreak in China rattled global markets.

Stocks mostly recover on hope for handling of Chinese virus

Elaine Kurtenbach, Associated Press  |  Posted Jan 22nd - 12:44am

World share prices mostly rose Wednesday as confidence increased in China's handling of an outbreak of a new virus that has infected 440 people, with nine confirmed deaths.

China virus outbreak may wallop economy, financial markets

Elaine Kurtenbach, Associated Press  |  Posted Jan 22nd - 12:41am

News that a new virus that has afflicted hundreds of people in central China can spread between humans has rattled financial markets and raised concern it might wallop the economy just as it might be regaining momentum.

GM's Cruise heads down new road with new robotaxi concept

Michael Liedtke, Associated Press  |  Posted Jan 21st - 8:16pm

General Motors' self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need for human operators to transport people around crowded cities.

UN report: 70% of world lives where inequality has grown

Edith M. Lederer, Associated Press  |  Posted Jan 21st - 7:22pm

More than 70% of the world’s people live in countries where inequality has grown since 1990, including China and India, and growing inequalities are benefiting the wealthiest, a U.N. report said Tuesday.

Air bag woes force Honda, Toyota to recall 6M vehicles

Tom Krisher, Associated Press  |  Posted Jan 21st - 4:28pm

Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists.

Maryland GOP governor wants more visas for foreign workers

Brian Witte, Associated Press  |  Posted Jan 21st - 4:05pm

Maryland's Republican governor on Tuesday urged federal officials to allow more H-2B visas for foreign workers to help the state's $355 million seafood industry and seasonal employers.

Toyota recalls 2.9M vehicles; air bags may not inflate

The Associated Press  |  Posted Jan 21st - 3:46pm

Toyota is recalling about 2.9 million cars in the U.S. because the air bags may not inflate in a crash.