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Markets Right Now: US stocks open broadly higher

The Associated Press  |  Posted   May 22nd - 7:42am

The latest on developments in financial markets (all times local):

Ford to invest in Romanian plant to ramp up production

The Associated Press  |  Posted   May 22nd - 7:34am

Ford says it plans to invest some 200 million euros ($236 million) and create 1,500 new jobs to build a second vehicle at its plant in Romania.

Pruitt: Dealing with water contaminant a 'national priority'

Ellen Knickmeyer, Associated Press  |  Posted   May 22nd - 7:30am

Environmental Protection Agency chief Scott Pruitt says dealing with a widespread contaminant in drinking water is a "national priority."

Brexit vote has already cost households 'a lot of money'

The Associated Press  |  Posted   May 22nd - 7:29am

Britain's top central banker says the country's vote nearly two years ago to leave the European Union has cost the average household in the country 900 pounds.

Golden age of new theme park rides led by Orlando

Mike Schneider, Associated Press  |  Posted   May 22nd - 7:29am

If this is a golden age for theme parks, then nowhere are new thrills more abundant than in Orlando where theme parks have been in an arms race.

JC Penney's CEO Ellison departs for Lowe's, shares plunge

The Associated Press  |  Posted   May 22nd - 7:24am

J.C. Penney's CEO is leaving the company to become the top executive at Lowe's.

JC Penney's CEO Ellison departs for Lowe's, shares plunge

The Associated Press  |  Posted   May 22nd - 7:11am

J.C. Penney's CEO is leaving the company to become the top executive at Lowe's.

Colorado oil company failed to report spills in North Dakota

The Associated Press  |  Posted   May 22nd - 7:06am

A Denver-based oil company operating in the Bakken oil patch says employees failed to report five spills in northwest North Dakota dating to October.

UPDATED

EU lawmakers to press Zuckerberg over data privacy

Lorne Cook, Associated Press  |  Posted   May 22nd - 7:02am

European Union lawmakers plan to press Facebook CEO Mark Zuckerberg on Tuesday about data protection standards at the internet giant at a hearing focused on a scandal over the alleged misuse of the personal information of millions of people.

Dems want to scrap tax cut for rich to fund teachers' raises

The Associated Press  |  Posted   May 22nd - 7:01am

Congressional Democrats want to give a big salary bump to teachers and pay for it by canceling the tax cut for the nation's top 1 percent of earners.

Russian adopts bill that could stymie trade with US

The Associated Press  |  Posted   May 22nd - 6:43am

Russia's parliament on Tuesday adopted a wide-ranging bill that could freeze crucial exports to the United States and imports to Russia from the U.S. and other countries.

For the first time in 226 years, woman to lead the NYSE

The Associated Press  |  Posted   May 22nd - 6:38am

The New York Stock Exchange for the first time in its 226-year history will be led by a woman.

French labor minister summoned in probe over Las Vegas party

The Associated Press  |  Posted   May 22nd - 6:13am

France's labor minister, Muriel Penicaud, has been summoned for questioning Tuesday in an investigation into a Las Vegas tech party.

Stocks mixed amid US-China trade talks, Italian politics

Joe McDonald, Associated Press  |  Posted   May 22nd - 5:14am

Global stock markets were mixed Tuesday as investors watched developments in the U.S.-China trade relations and Italy's move toward forming a euroskeptic government.

Airlines caving to Beijing despite White House protest

Erika Kinetz, Associated Press  |  Posted   May 22nd - 4:56am

Global airlines are obeying Beijing's demands to refer to Taiwan explicitly as a part of China, despite the White House's call this month to stand firm against such "Orwellian nonsense." The Associated Press found 20 carriers, including Air Canada, British Airways and Lufthansa, that now refer to Taiwan, the self-ruled island that Beijing considers Chinese territory, as a part of China on their global websites.

Former Malaysian leader Najib grilled by anti-graft agency

The Associated Press  |  Posted   May 22nd - 4:46am

Former Malaysian Prime Minister Najib Razak was grilled for more than four hours Tuesday over a corruption scandal that could lead to criminal charges against him, while the country's new anti-graft chief said investigations into the case were suppressed by intimidation during Najib's rule.

Sony buys most of EMI Music, to spend $9B on image sensors

Yuri Kageyama, Associated Press  |  Posted   May 22nd - 4:14am

Electronics and entertainment company Sony Corp. said Tuesday it plans to spend $2.3 billion acquiring an additional 60 percent stake in EMI Music Publishing, home to the Motown catalog and contemporary artists like Kanye West, Alicia Keys and Pharrell Williams.

APNewsBreak: McDonald's workers file sex harassment claims

David Crary, Associated Press  |  Posted   May 22nd - 4:06am

Energized by the #MeToo movement, two national advocacy groups are teaming up to lodge sexual harassment complaints against McDonald's on behalf of 10 women who have worked at the fast food restaurant in nine cities.

Cyprus toughens vetting for investment-for-passport scheme

Menelaos Hadjicostis, Associated Press  |  Posted   May 22nd - 3:58am

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport.

EU says no clarity on US tariffs ahead of deadline

Lorne Cook, Associated Press  |  Posted   May 22nd - 3:53am

European Union Trade Commissioner Cecilia Malmstrom said Tuesday that the EU still has no idea whether U.S. President Donald Trump will slap tariffs on the bloc's steel and aluminum exports next week.