National Business News

  • Venezuela hikes wages ahead of monetary overhaul

    Venezuelan President Nicolas Maduro has raised wages for the fifth time this year while saying he's looking to establish a single exchange rate tied to the nation's fledgling cryptocurrency. Maduro made the announcement Friday night ahead of a monetary overhaul next week that will see five zeros...

  • Privacy group tells FTC Google tracking violated 2011 order

    A privacy group said in a letter sent to the Federal Trade Commission on Friday that Google has violated the terms of a 2011 settlement because of practices exposed in an Associated Press report this week. The Electronic Privacy Information Center said in the letter to the FTC that Google's recording...

  • Justice lawyers try to halt Trump financial records release

    Justice Department lawyers asked a federal judge Friday to let them file a legal appeal that could, for now, keep President Donald Trump 's critics from getting access to financial records related to his Washington, D.C., hotel. Trump has been fighting multiple lawsuits that argue that foreign...

  • Stocks jump as hopes rise for progress on China trade talks

    Stocks rose late in the day Friday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported that the countries hope to have a resolution by November. Industrial, health care and basic materials companies made some of the...

  • Turkish lira resumes fall after Trump sanctions threat

    The Turkish currency fell again on Friday, breaking a three-day quiet spell in the country currency crisis, after the United States threatened to impose new sanctions on the NATO country. The lira dropped about 5 percent, to about 6.11 per dollar, after U.S. President Donald Trump posted a tweet...

  • Trump asks SEC to consider ending required quarterly reports

    President Donald Trump is calling on federal regulators to consider scrapping the requirement for public companies to report quarterly results, after business executives told him twice-yearly reports would make better economic sense. In a tweet early Friday, Trump said that after speaking with...

  • As Musk admits to job stress, Tesla's board may have to act

    Elon Musk 's erratic behavior was front and center again this week as the CEO of Tesla conceded that he's overwhelmed by job stress, pushing his electric car company's stock down and bringing pressure on its board to take action. Musk's revelation, in a Thursday interview with The New York Times,...

  • US regulators target Facebook on discriminatory housing ads

    Federal regulators are alleging that Facebook's advertising tools allow landlords and real estate brokers to engage in housing discrimination. The U.S. Department of Housing and Urban Development said in an administrative complaint this week that Facebook violated the Fair Housing Act because its...

  • Anger engulfs families as Italy buries its bridge victims

    With anger and grief, Italians began burying some of their dead Friday from the Genoa highway bridge collapse, holding funerals in the victims' hometowns. Several angry families rebuffed the offer of a state funeral and the cardinal of Naples was merciless in his condemnation of negligence by Italian...

  • Getting personal: US, Turkish leaders feud over arrest

    A detained American pastor has become a symbol of a growing rift between Turkey and the United States, but problems in the Cold War-era alliance as well as Turkey's own financial crisis are unlikely to dissipate even if he is released and Washington eases economic penalties. The fate of Andrew...

  • Trump attends Hamptons fundraiser hosted by hot dog magnate

    President Donald Trump headlined a closed-door fundraiser Friday at the Hamptons, New York, home of one of his closest friends, the chairman of the iconic Nathan's Famous hot dog business. Trump participated in a roundtable with high-dollar donors before delivering remarks at a luncheon in Southampton...

  • Sales director for Backpage.com pleads guilty to conspiracy

    The sales and marketing director of Backpage.com pleaded guilty Friday to conspiring to facilitate prostitution, acknowledging that he participated in a scheme to give free ads to prostitutes in a bid to draw them away from competitors and win over their future business. Dan Hyer is the second...

  • Judge denies bid to block Squaw Valley ski resort project

    Environmentalists have lost their latest legal bid to block a major redevelopment project at a Lake Tahoe-area ski resort that hosted the 1960 Winter Olympics. Placer County Superior Court Judge Michael W. Jones rejected Sierra Watch's claims this week that the expansion of the Village at Squaw...

  • APNewsBreak: Google clarifies location-tracking policy

    Google has revised an erroneous description on its website of how its "Location History" setting works, clarifying that it continues to track users even if they've disabled the setting. The change came three days after an Associated Press investigation revealed that several Google apps and websites...

  • Culinary greats honor late French master chef Joel Robuchon

    Hundreds of people, among them scores of chefs and students of the culinary arts from around the world, gathered Friday to pay their respects to one of the masters of French cuisine, the late French chef Joel Robuchon. The chefs, many wearing white uniforms but some clad in black, paid homage to...

  • Saudi Arabia says it's given $100 million to northeast Syria

    Saudi Arabia said early on Friday that it has contributed $100 million to northeast Syria for "stabilization projects" in areas once held by the Islamic State group and now controlled by U.S.-backed forces. The Saudi move was blasted by the Syrian government which called it "disgraceful," adding...

  • No clean-up of nuclear leak in South Carolina for years

    Federal regulators say Westinghouse Electric Co. has no plans to clean a plume of uranium under its nuclear fuel factory despite evidence it could reach South Carolina's water supply. Instead, Westinghouse wants a new 40-year extension from the Nuclear Regulatory Commission , even though there's...

  • More than 1,000 Google workers protest censored China search

    More than a thousand Google employees have signed a letter protesting the company's secretive plan to build a search engine that would comply with Chinese censorship. The letter calls on executives to review ethics and transparency at the company. The letter's contents were confirmed by a Google...

  • Benjamin Smith is new CEO of Air France-KLM, unions worried

    Air France-KLM has named Benjamin Smith, formerly a top executive at Air Canada, as its new CEO, sparking union fears Friday that he would cut back on wages and work conditions. The company announced Thursday that Smith, 46, who was previously Air Canada's chief operating officer, will fill the...

  • Global markets lose steam in European trading

    World stock markets turned lower during European trading hours Friday as investors worried again about Turkey's financial trouble, after Asian stocks rose on news China is preparing to resume trade discussions with the U.S. KEEPING SCORE: Britain's FTSE 100 fell 0.3 percent to 7,537 and the CAC...

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