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Stocks sink on reports US may limit tech exports, investment

Marley Jay, Associated Press  |  Posted Jun 25th - 11:44am

U.S. stocks are falling Monday following losses in Europe and Asia, and technology companies are skidding after reports the Trump administration plans to limit high-tech exports to China as well as investment by Chinese firms in technology companies. Treasury Secretary Steven Mnuchin said the investment restrictions might apply to other countries as well. Harley-Davidson is falling after it said it will shift the production of some motorcycles to Europe in response to taxes the EU put on U.S. exports. The benchmark S&P 500 index is on pace for its worst loss since early April.

Environmentalists file 2 more challenges to Minnesota mine

The Associated Press  |  Posted Jun 25th - 11:35am

Environmental groups filed two more lawsuits Monday challenging the Interior Department's decision to reinstate the federal mineral rights leases for the proposed Twin Metals copper-nickel mine in northeastern Minnesota.

Damon Evans hired as athletic director at Maryland

The Associated Press  |  Posted Jun 25th - 11:33am

The University of Maryland has hired Damon Evans to be its athletic director, completing the transition that started in October when Kevin Anderson took a six-month sabbatical from the post.

Mnuchin dismisses reports of tech restrictions on China

The Associated Press  |  Posted Jun 25th - 11:30am

Treasury Secretary Steven Mnuchin is dismissing as "fake news" media reports that the Trump administration is readying restrictions this week on Chinese investment in American technology companies and high-tech exports to China.

US VP to focus on Venezuela in 3rd trip to Latin America

Sarah Dilorenzo, Associated Press  |  Posted Jun 25th - 11:26am

U.S. Vice President Mike Pence will visit Latin America's largest and most populous nation this week, but the focus of his trip will be the deteriorating humanitarian situation in neighboring Venezuela.

After ban ends, Saudi women see new job in becoming drivers

Aya Batrawy, Associated Press  |  Posted Jun 25th - 11:24am

Saudi women are driving freely through busy city streets for the first time after years of risking arrest if they dared to get behind the wheel. And with the longstanding ban now lifted, a new opportunity has emerged: Working as drivers.

Connecticut Red Hen receives wrath of Sanders' defenders

The Associated Press  |  Posted Jun 25th - 11:23am

A Connecticut restaurant called the Red Hen has received "threatening" messages from people confused with an identically named Virginia eatery that refused White House press secretary Sarah Huckabee Sanders service.

Medical milestone: US OKs marijuana-based drug for seizures

Matthew Perrone, Associated Press  |  Posted Jun 25th - 11:10am

U.S. health regulators on Monday approved the first prescription drug made from marijuana, a milestone that could spur more research into a drug that remains illegal under federal law, despite growing legalization for recreational and medical use.

Big spenders: S&P 500 stock buybacks set record in 1Q

Stan Choe, Associated Press  |  Posted Jun 25th - 11:09am

Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock.

Correction: Supreme Court-Sales Tax-Small Businesses story

The Associated Press  |  Posted Jun 25th - 10:57am

In a story June 23 about the Supreme Court sales tax decision, The Associated Press reported erroneously that online retailer Adrienne Kosewicz pays $3,300 a year for tax compliance software for sales in her home state, Washington. The amount actually covers Kosewicz's tax compliance in 26 states.

U.S. health regulators have approved a treatment for seizures that is the first prescription drug made from marijuana

The Associated Press  |  Posted Jun 25th - 10:51am

U.S. health regulators have approved a treatment for seizures that is the first prescription drug made from marijuana.

The Latest: Ryan, Walker react to Harley moving production

The Associated Press  |  Posted Jun 25th - 10:46am

The Latest on Harley-Davidson shifting production of some motorcycles overseas (all times local):

General strike shuts down Argentine capital

The Associated Press  |  Posted Jun 25th - 10:10am

A strike led by Argentina's largest union confederation has shut down much of the country's capital — freezing public transportation, airlines, ports, schools, banks and government offices.

Media merger would create 3rd-largest TV station group in US

The Associated Press  |  Posted Jun 25th - 10:04am

Gray Television Inc. and Raycom Media Inc. are announcing a merger that would create the third-largest television broadcast group in the United States.

Markets Right Now: Stocks skid on new trade fears

The Associated Press  |  Posted Jun 25th - 9:55am

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

Big Wood Canal Co. buys Magic Dam hydroelectric facility

The Associated Press  |  Posted Jun 25th - 9:48am

Shoshone, Idaho-based Big Wood Canal Co. has bought the hydroelectric facility at Magic Dam and has applied to transfer the facility's license.

Uber argues it should remain in business in London

Danica Kirka, Associated Press  |  Posted Jun 25th - 9:38am

Uber argued Monday that is should be allowed to keep driving on the streets of London, telling a court that the ride-hailing app has made significant changes since a regulator refused to renew the company's operating license last year.

Steel pipe company CEOs push for waivers from Trump's tariff

Richard Lardner, Associated Press  |  Posted Jun 25th - 9:34am

Joel Johnson examines the shipping labels on 35-ton coils of American-made steel that will be unspooled, bent and welded into rounded sections of pipe.

Mnuchin dismisses reports of tech restrictions on China

The Associated Press  |  Posted Jun 25th - 9:33am

Treasury Secretary Steven Mnuchin is dismissing as "fake news" media reports that the Trump administration is readying restrictions this week on Chinese investment in American technology companies and high-tech exports to China.

Harley, stung by tariffs, shifts some production overseas

The Associated Press  |  Posted Jun 25th - 9:32am

Harley-Davidson, up against spiraling costs from tariffs, will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas.