National Business News

  • Buffett's firm reports $25B 4Q loss on paper stock losses

    Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments. Buffett said Saturday that Berkshire Hathaway 's businesses are performing well overall, but it has to record the market value of its stock holdings...

  • Report: Kushner family firm pays $1.1B for 6,000 apartments

    The real estate firm run by White House adviser Jared Kushner 's family has pulled off its biggest deal in more than a decade. Kushner Cos. paid $1.1 billion for a portfolio of about 6,000 apartments in Maryland and Virginia that had been owned by Lone Star Funds, according to a story published...

  • EU says it's ready to hit back if US imposes car tariffs

    A European Union official says "there is full support" from member states to hit back if U.S. President Donald Trump imposes tariffs on cars and car parts. EU Trade Commissioner Cecilia Malmstrom said EU trade ministers had discussed the bloc's trading relationship with Washington during an informal...

  • Macron visits French farm fair amid rural anger, decline

    French President Emmanuel Macron pledged Saturday to protect European farming standards and culinary traditions threatened by aggressive foreign trade practices that see food as a "product like any other." Macron's speech at his country's premier agriculture fair was aimed at assuaging French farmers'...

  • Ground-breaking electric Chevrolet Volt runs out of juice

    As their company was swirling around the financial drain in the early 2000s, General Motors executives came up with an idea to counter its gas-guzzling image and point the way to transportation of the future: an electric car with a gas-engine backup that could travel anywhere. At Detroit's auto...

  • Disabled greeter meets with Walmart about job; no resolution

    A beloved, longtime Walmart greeter with cerebral palsy met with store management in Pennsylvania on Friday in a bid to keep his job but came away with no guarantees, and his family is girding for a fight. Adam Catlin, who uses a walker and is legally blind, is worried he'll be out of work after...

  • Smile: Some airliners have cameras on seat-back screens

    Now there is one more place where cameras could start watching you — from 30,000 feet. Newer seat-back entertainment systems on some airplanes operated by American Airlines , Delta Air Lines , United Airlines and Singapore Airlines have cameras, and it's likely they are also on planes used by other...

  • US and China extend trade talks; Xi-Trump meeting may follow

    U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an agreement. The news followed two days of negotiations in Washington...

  • Cuomo says losing Amazon HQ 'greatest tragedy' of his tenure

    Gov. Andrew Cuomo again blasted fellow Democrats on Friday over Amazon 's backing out of a deal to put one of its second headquarters in New York City, calling the internet retailer's rejection the "greatest tragedy" he has seen since he's been in government. Cuomo also said during an interview...

  • Buffett encourages investors to bet on American economy

    Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently. Buffett released his annual letter to Berkshire Hathaway Inc. shareholders on Saturday. He wrote that investors...

  • Iceland to keep hunting up to 2,130 whales over 5 years

    Iceland's whaling industry will be allowed to keep hunting whales for at least another five years, killing up to 2,130 baleen whales under a new quota issued by the government. The five-year whaling policy was up for renewal when Fisheries Minister Kristjan Juliusson announced this week an annual...

  • Dakota Access developer sues Greenpeace in state court

    The developer of the Dakota Access oil pipeline is going after the environmental group Greenpeace in state court in North Dakota, after a judge tossed the company's $1 billion racketeering claim out of federal court. Texas-based Energy Transfer Partners on Thursday sued Greenpeace and several activists...

  • French yellow vest protesters seek momentum on 15th week

    Thousands of yellow vest protesters took to the streets across France on Saturday for a 15th straight weekend of demonstrations, trying to re-energize supporters while tamping down on the violence and anti-Semitism in the movement's ranks. Among the many rallies around Paris and in other French...

  • Report: Apps give Facebook sensitive health and other data

    Several phone apps are sending sensitive user data, including health information, to Facebook without users' consent, according to a report by The Wall Street Journal. An analytics tool called "App Events" allows app developers to record user activity and report it back to Facebook, even if the...

  • China bars millions from travel for 'social credit' offenses

    Skipped paying a fine in China? Then forget about buying an airline ticket. Would-be air travelers were blocked from buying tickets 17.5 million times last year for "social credit" offenses including unpaid taxes and fines under a controversial system the ruling Communist Party says will improve...

  • Trump sets up abortion obstacles, barring clinic referrals

    The Trump administration on Friday set up new obstacles for women seeking abortions, barring taxpayer-funded family planning clinics from making abortion referrals. The new policy is certain to be challenged in court. The final rule released Friday by the Health and Human Services Department also...

  • Trump: Amazon's dropped deal 'a big loss' for hometown NYC

    President Donald Trump is calling Amazon 's decision to drop its plans for new headquarters in New York "a big loss" for the city. Trump tells reporters the city could have hashed out "a much better deal," but is still bemoaning the decision. He's also blaming what he's calling "radical left" thinking,...

  • Microsoft workers protest use of HoloLens headsets for war

    A group of Microsoft workers is demanding the company cancel a contract supplying the U.S. Army with HoloLens headsets that they say would turn real-world battlefields into a video game. Microsoft's head-mounted HoloLens displays use augmented reality, which means viewers can see virtual imagery...

  • At Kraft Heinz, a fed investigation and a $15.4B write-down

    Kraft Heinz disclosed an investigation by federal regulators and said it will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion, major setbacks for a company trying to revitalize its stable of household-name brands. A wave of bad news, which also included a dividend cut and a...

  • Fed will be 'patient' in rate hikes amid global growth woes

    The Federal Reserve said Friday that in light of a slowing global economy and last year's financial market turmoil, the central bank intends to remain "patient" in determining when to make future changes in its benchmark interest rate. The Fed's semi-annual report to Congress on monetary policy...

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