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National Business News

  • Global stocks lower after Trump inauguration, dollar weakens

    Major global stock markets were mostly lower Monday after U.S. President Donald Trump promised "America first" policies, adding to concern about possible protectionism. KEEPING SCORE: In early trading, France's CAC-40 shed 0.8 percent to 4,812.41 while Germany's DAX lost 0.7 percent to 11,542.93...

  • UK to actively help industry as country leaves EU

    Britain's leader is pledging to help U.K. industry grow and compete as the country prepares to leave the European Union. Prime Minister Theresa May plans to unveil her "modern industrial strategy" on Monday, saying the government must provide an environment that will create well-paying jobs throughout...

  • How Trump's executive order impacts future of 'Obamacare'

    President Donald Trump's first executive order targets the sweeping "Obamacare" law by giving federal agencies broad leeway to chip away at the measure. But Trump still needs Congress to do away with the law for good. Trump signed the executive order in the Oval Office Friday, hours after being...

  • Trump White House ringed by 'swamp' denizens despite pledge

    Mike Pence has returned to Washington. So has his closest political ally, Bill Smith. Smith spent a dozen years as Pence's chief of staff while the current vice president was a congressman and later Indiana governor. He's expanding his lobbying practice into the nation's capital now that Donald...

  • Judge set to sentence PG&E in criminal case tied to blast

    Pacific Gas & Electric Co. says it is prepared to pay the maximum fine of $3 million after a jury convicted the company of deliberately violating pipeline safety regulations before a deadly natural gas pipeline explosion in the San Francisco Bay Area. But California's largest utility is asking...

  • Shyamalan's 'Split' rules inauguration weekend with $40.2M

    M. Night Shyamalan's psychological thriller "Split" blew away box-office expectations, earning $40.2 million in ticket sales over inauguration weekend, according to studio estimates Sunday. Though many were focused on Friday's presidential inauguration and Saturday's nationwide women's marches,...

  • British leader to meet with Trump to discuss trade, NATO

    British Prime Minister Theresa May said Sunday she plans to discuss free trade and the importance of the NATO military alliance when she becomes the first foreign leader to meet with U.S. President Donald Trump in Washington. The White House's invitation for May to meet with Trump on Friday was...

  • OPEC, allies says production cuts ahead of schedule

    OPEC and key non-OPEC oil producers are near their target of taking 1.8 million barrels of crude a day off global markets less than two months after agreeing to do so in efforts to push up the price of crude, Russia's energy minister said Sunday. Alexander Novak's upbeat comments to reporters came...

  • Samsung: Batteries only problem with fire-prone Note 7s

    Samsung Electronics says flaws in the design and production of batteries used in its Galaxy Note 7 smartphone, not its hardware or software, made it prone to catch fire. Samsung said Monday that it was responsible for not ensuring the design specifications given to its suppliers were failsafe but...

  • Trump hotel adds to ethics concern with inaugural festivity

    Red, white and blue balloons rained down over crystal chandeliers in the soaring atrium of the Trump International Hotel at midnight in "a new inaugural tradition," its social media account promised. But while President Donald Trump's hotel in Washington did serve as a hub of Friday's inaugural...

  • Kuwait state oil company says onshore oil leak contained

    Kuwait's national oil company says it has contained an oil leak at one of its southwestern oil fields. Monday's statement by the Kuwait Oil Co. did not identify the onshore oil field affected by the leak, which began Sunday. The state-run Kuwait News Agency said the leak hit the al-Maqwa field....

  • Chinese express doubts about US relations under Trump

    People in Beijing expressed doubts Saturday about President Donald Trump's ability to steer the U.S. economy and manage China-American relations, underscoring concerns over trade, Taiwan and other issues. While Trump didn't mention China in his inaugural address Friday, he referred often to the...

  • FACT CHECK: Trump starts on familiar note: with exaggeration

    Donald Trump's inaugural address held familiar echoes of the campaign speeches that led to his presidential win: downbeat about the state of the nation, to the point of hyperbole. A look at some of his assertions Friday: ___ TRUMP: "The jobs left, and the factories closed ... the wealth, strength...

  • Many farmers still need training after Lake Erie algae

    Ohio's agriculture leaders say thousands of farmers have completed training that will be required for putting fertilizer on fields, but many more face a September deadline to finish the program aimed at combating the toxic algae fouling Lake Erie. The first of its kind requirement is one of several...

  • Will Trump end globalization? The doubt haunts Davos' elite

    It's been impossible to escape the shadow of Donald Trump at this year's gathering of the business elites at the World Economic Forum in Davos, Switzerland. Uncertainty over whether Trump's presidency will mark the end of globalization dominated discussions all week at an event synonymous with...

  • In time of troubles, Davos organizers send in the clown

    With an ear-piercing whistle, a professional clown in the crowd startles to order a conference room full of some of the world's elite thinkers, writers and religious minds. That's why Sabine Choucair was invited to Davos, quips a quick-witted panel moderator. The Lebanese-born, curly-haired artist...

  • Apple depicts Qualcomm as a shady monopolist in $1B lawsuit

    Apple is suing mobile chip maker Qualcomm for $1 billion in a patent fight pitting the iPhone maker against one of its major suppliers. The 100-page complaint filed Friday in a San Diego federal court depicts Qualcomm as a greedy monopolist abusing its power in a key segment of the mobile chip...

  • Hawaii bill compels mediation for Zuckerberg-type land deals

    A Hawaii lawmaker said Friday he plans to introduce legislation that could force Facebook CEO Mark Zuckerberg into mediation before he is allowed to buy real estate on Kauai island. State Rep. Kaniela Ing said Hawaii's sugar barons long employed laws Zuckerberg is using to take land from Native...

  • Report: 'Net neutrality' foe Ajit Pai is new FCC head

    President Donald Trump has reportedly picked a fierce critic of the Obama-era "net neutrality" rules to be chief regulator of the nation's airwaves and internet connections. Citing unidentified people, Bloomberg and Politico both reported Friday that the next chairman of the Federal Communications...

  • Stocks edge higher, snapping a 5-day losing streak for Dow

    Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's loss from a day earlier and snapping a 5-day losing streak for the Dow Jones industrial average. Another crop of encouraging company earnings news helped lift the market, but investors were mostly focused...

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