Estimated read time: 4-5 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
Stocks gain as investors look to trade deal
NEW YORK (AP) — U.S. stocks are higher as investors look ahead to the signing of an initial trade deal with China and the potential for future talks.
Wall Street is also looking ahead to a busy opening week of corporate earnings being kicked off by major banks.
Technology stocks led the gains in the early going. Chipmakers Nivida rose 2.6% and Micron climbed 1.1%. The sector is particularly sensitive to developments in trade relations because many of the companies rely on China for sales and supply chains.
US, UK officials meet as PM Johnson's Huawei decision nears
LONDON (AP) — British and American officials are meeting as U.K. Prime Minister Boris Johnson's government prepares to decide on whether there's a future for Chinese equipment maker Huawei in the country's next-generation telecom networks.
Johnson's spokesman said Monday U.S. officials responsible for national security and telecommunications were meeting their counterparts in Britain. The U.S. government has been lobbying European allies to exclude Huawei from new ultra-fast 5G mobile networks. It worries that China could compel the company to help with cyberespionage.
The U.S. has warned that it would have to reconsider intelligence sharing with allies that use Huawei.
The company has denied the allegations.
Minnesota court rejects 2 major permits for PolyMet mine
ST. PAUL, Minn. (AP) — The Minnesota Court of Appeals has rejected two of the most important permits for the planned PolyMet copper-nickel mine in northeastern Minnesota in a major victory for environmentalists.
A three-judge panel ruled Monday that the state Department of Natural Resources erred when it declined to order a proceeding known as a “contested case hearing” to gather more information on the potential environmental impacts of the project. So the court sent the dispute back to the DNR with orders to conduct the hearing.
At issue were PolyMet’s permit to mine and its dam safety permits.
Court clears environment protesters over stunt at Swiss bank
GENEVA (AP) — A Swiss court has cleared a dozen climate activists who were on trial for storming a Credit Suisse office in Lausanne, Switzerland, and playing tennis inside — part of a protest against the bank’s investments in fossil fuels.
A lawyer for the defendants says the court in suburban Renens acquitted the defendants who had been ordered to pay fines over the stunt that riffed off Swiss tennis star Roger Federer's role as a brand ambassador for the bank. The bank had argued that it could not tolerate “unlawful attacks” on its branches.
The activist group, Lausanne Climate Action, says Credit Suisse is one of the top banks worldwide to invest in fossil fuels.
New Boeing CEO takes over
UNDATED (AP) — Boeing's new CEO is in place, and he is laying out goals for this year, starting with the safe return to flight of the grounded 737 Max.
David Calhoun has a long to-do list as he takes over for fired CEO Dennis Muilenburg.
Calhoun will oversee Boeing's legal strategy as it deals with dozens of lawsuits by families of the 346 people who died in crashes of the 737 Max jetliner. He'll have to fix Boeing's strained relationship with the Federal Aviation Administration. And most of all, he'll have to try to restore the company's battered reputation.
VEHICLES OF THE YEAR
Corvette wins car of year award, Kia Telluride takes top SUV
DETROIT (AP) — The new mid-engine Chevrolet Corvette is being named the North American Car of the Year.
The Kia Telluride took Sport Utility of the Year honors and the Jeep Gladiator won the Truck of the Year Award.
About 50 automotive journalists serve as judges for the awards, which are announced every January. They're chosen from dozens of candidates and must be new or substantially changed.
Automakers often use the awards in advertising.
The judges evaluate finalists on value, innovation, design, performance, safety, technology and driver satisfaction.
French lawyers join strikes
LYON, France (AP) — French lawyers are on strike, along with train drivers and others angry over the government's plans to change the pension system.
The lawyers' walkout is delaying trials around the country.
The prime minister backed down on a key part of the retirement reform, raising the full pension eligibility age from 62 to 64. But that wasn't enough to satisfy unions, who are on their 40th straight day of strikes.
Trains nationwide were still disrupted Monday, as were Paris subway lines.
Meanwhile lawyers are angry at plans to take away their special state-managed retirement system.
President Emmanuel Macron wants to streamline the 42 different state retirement regimes.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.