National Business News

  • Investigators search Opel premises in diesel emissions probe

    German prosecutors said Monday that law enforcement officials have conducted searches at automaker Opel as part of an investigation into suspected manipulation of diesel emissions. Meanwhile, the country's transportation ministry said it intended to order 100,000 Opel vehicles recalled, saying...

  • Rich San Francisco businesses could face homelessness tax

    San Francisco has come to be known around the world as a place for aggressive panhandling, open-air drug use and sprawling tent camps, the dirt and despair all the more remarkable for the city's immense wealth. Some streets are so filthy that officials launched a special "poop patrol." A young...

  • Global warming to leave us crying in our costlier beer

    Add beer to chocolate , coffee and wine as some of life's little pleasures that global warming will make scarcer and costlier, scientists say. Increasing bouts of extreme heat waves and drought will hurt production of barley, a key beer ingredient, in the future. Losses of barley yield can be as...

  • US retail sales gain a weak 0.1 percent in August

    U.S. consumer spending edged up a slight 0.1 percent in September, a disappointing performance in which rebounding auto sales were offset by weakness in other areas. The Commerce Department said Monday that the scant gain in September followed an equally meager 0.1 percent increase in August. It...

  • APNewsBreak: US eyes military bases for coal, gas exports

    The Trump administration is considering using West Coast military bases or other federal properties as transit points for shipments of U.S. coal and natural gas to Asia as officials seek to bolster the domestic energy industry and circumvent environmental opposition to fossil fuel exports, according...

  • Bank of America 3Q profits rise 32 percent, beats forecasts

    Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest rates allowed BofA to charge more for loans, and lower corporate tax rates helped it save hundreds of millions on taxes. The Charlotte, North Carolina-based banking giant said it earned...

  • Supreme Court won't take up lead paint issue from California

    The Supreme Court is leaving in place a decision that required paint companies to fund the removal of lead paint from California homes. The Supreme Court on Monday said it wouldn't take up the issue. Courts previously ruled in favor of 10 California cities and counties that argued ConAgra, NL Industries...

  • UK-EU Brexit deal hamstrung by Irish border issue

    Britain and the European Union were still both refusing to blink Monday over the question of the Irish border in Brexit talks — only two days ahead of a summit once seen as the moment when they would have to reach deal on Britain's divorce from the bloc. A flurry of diplomatic meetings over the...

  • Sears files for Chapter 11 amid plunging sales, massive debt

    Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which started...

  • Tech companies drag US stocks lower again in wobbly trading

    U.S. stock indexes are mostly lower Monday as technology companies continue to slump. Trading on Wall Street remains uneven after last week's steep losses. The S&P 500 and other major U.S. indexes are coming off their worst week since late March as investors worry about rising interest rates and...

  • Merkel vows to restore Germans' confidence in government

    Chancellor Angela Merkel vowed Monday to do more to restore Germans' confidence in her unhappy coalition after a battering for both of her governing partners in Bavaria's state election added to tensions in the alliance. Sunday's vote stripped Merkel's conservative allies in Bavaria, the Christian...

  • Report: Bullying, harassment rife at UK Parliament

    Britain's House of Commons is a sometimes dysfunctional workplace in which bullying and sexual harassment have long been "tolerated and concealed," an independent inquiry reported Monday. In a highly critical report , former High Court judge Laura Cox said a culture of "deference, subservience,...

  • Who's Trump listen to on trade? Chinese ambassador at a loss

    China's ambassador to the United States says he and other foreign diplomats in Washington are having a difficult time figuring out which trade advisers President Donald Trump listens to in his administration. Cui Tiankai (sway tee-yehn-KY') was asked on "Fox News Sunday" about trade tensions between...

  • Democratic candidates focus on health care as midterms near

    In a windowless conference room, Republican Senate candidate Martha McSally was asking executives at a small crane manufacturing company how the GOP tax cut has helped their business when one woman said: "I want to ask you a question about health care." Marylea Evans recounted how, decades ago,...

  • Analysts: Florida insurers will survive hit from Michael

    Florida's disjointed property insurance system that relies almost exclusively on small and midsize companies will take a multibillion dollar loss from Hurricane Michael , but has sufficient reserves and backups that providers should be able to pay claims without problems, analysts say. Major national...

  • Calls for new regulation mount as limo crash victims mourned

    The day after a mourning community said last goodbyes to eight of 20 victims of a limousine crash — four sisters and four other relatives — the Senate 's top Democrat called on federal regulators to formulate new safety standards for the vehicles. Sen. Chuck Schumer on Sunday pointed to glaring...

  • Defense contractors Harris, L3 Technologies to merge

    Defense contractors Harris Corp. and L3 Technologies are combining to form one of the world's largest defense companies. The new company, L3 Harris Technologies Inc., will have annual sales of around $16 billion this year. That would make it the sixth-largest U.S. defense contractor and one of...

  • Saudis reject threats as stocks plunge after Trump comments

    Saudi Arabia on Sunday threatened to retaliate for any sanctions imposed against it after President Donald Trump said the oil-rich kingdom deserves "severe punishment" if it is responsible for the disappearance and suspected murder of Washington Post contributor Jamal Khashoggi . The warning from...

  • Round of talks don't resolve Brexit problems ahead of summit

    A flurry of talks between Britain and the European Union ended Sunday without a Brexit agreement, leaving the two sides three days to close a gap in their positions before a make-or-break summit. An unscheduled, face-to-face meeting between EU negotiator Michel Barnier and British Brexit Secretary...

  • Irish border riddle confounds EU, UK as Brexit end nears

    The land around the small Irish town of Carrickcarnan is the kind of place where Britain's plan to leave the European Union runs right into a wall — an invisible one that's proving inordinately difficult to overcome. Somehow, a border of sorts will have to be drawn between Northern Ireland, which...

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