Business

Prosecutors: Phony letter to judge sought leniency for Bountiful fraud convict

Daniel Scott Frischknecht WEB ONLY

A fired Bountiful bank manager who stole $565,000 and bought a house with the loot is now charged...

Business

Connecticut Red Hen receives wrath of Sanders' defenders

OLD SAYBROOK, Conn. (AP) — A Connecticut restaurant called the Red Hen received “threatening” messages from people confused with an identically named Virginia eatery that refused White House press secretary Sarah Huckabee Sanders service. The Old Saybrook restaurant has received dozens of angry...


Business

Steel pipe company CEOs push for waivers from Trump's tariff

Trump Steel Tariffs

BAYTOWN, Texas (AP) — Joel Johnson examines the shipping labels on 35-ton coils of American-made steel that will be unspooled, bent and welded into rounded sections of pipe. One’s from Nucor, a mill in Arkansas. Another’s from Steel Dynamics in Mississippi. But much harder to spot in the sprawling...


Business

Harley, stung by tariffs, shifts some production overseas

Harley Davidson Tariffs

MILWAUKEE (AP) — Harley-Davidson, up against spiraling costs from tariffs, will begin to shift the production of motorcycles headed for Europe from the U.S. to factories overseas. The European Union on Friday began rolling out tariffs on American imports like bourbon, peanut butter and orange juice....


Business

Stocks sink on reports US may limit tech exports, investment

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are on track for their biggest loss in more than two months Monday as reports that the Trump administration may limit technology exports and foreign investment are hurting tech companies. Indexes in Europe and Asia also fell. Tariffs by the U.S. on tens of billions of...


Business

China, EU to form group to modernize global trade rules

China EU

BEIJING (AP) — China and the European Union agreed Monday to launch a group that will work to update global trade rules to address technology policy, subsidies and other emerging irritants and preserve support for international trade amid U.S. threats of import controls. Actions such as U.S....


Business

AP Top Business News at 2:53 p.m. EDT

US new-home sales climbed 6.7 percent in May Mnuchin dismisses reports of tech restrictions on China China, EU to form group to modernize global trade rules Big spenders: S&P 500 stock buybacks set record in 1Q US imported more seafood in 2017 than any prior year Harley, stung by tariffs, shifts...


Business

US new-home sales climbed 6.7 percent in May

New Home Sales

WASHINGTON (AP) — Sales of new U.S. homes jumped 6.7 percent in May, with purchases in the South accounting for all of the monthly gains. The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The South reported...


Business

Supreme Court rules for American Express in credit card case

WASHINGTON (AP) — The Supreme Court handed American Express a win Monday in a lawsuit over rules it imposes on merchants who accept its cards. Under their contracts, merchants who accept American Express generally can’t encourage customers to use other credit cards. That’s even though Visa and...


National Business

Mnuchin dismisses reports of tech restrictions on China

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is dismissing as “fake news” media reports that the Trump administration is readying restrictions this week on Chinese investment in American technology companies and high-tech exports to China. Mnuchin said on Twitter Monday that reports by the...


Business

Big spenders: S&P 500 stock buybacks set record in 1Q

NEW YORK (AP) — Flush with savings from lower tax bills and profits from a growing economy, big U.S. companies are spending a record amount buying back their own stock. Stock repurchases hit $189.1 billion in the first quarter for the S&P 500, according to preliminary results from S&P Dow Jones...


Older ›
×