Business News

With electricity out, new EPA chief reached out…

When a summer thunderstorm knocked out power to Scott Pruitt's home three years ago, the then-Oklahoma attorney general reached out to a lobbyist for American Electric Power

France's PSA wants to be 'European car champion…

The chairman of French carmaker PSA Group wants to create a "European car champion" with the potential purchase of General Motors' European car business

Legalized Marijuana Industry Expected To Create…

The legalized marijuana industry is growing more than pot. Analysts say it could create over a quarter of a million jobs while other industries decline.

Ivanka Trump Is Getting Sued — A Lot

Ivanka Trump's jewelry and clothing brands are getting sued. She owes over $3 million.

Low-cost Norwegian Air promises bargain flights to Europe

Low-cost carrier Norwegian Air Shuttle is promising to boost traffic at smaller airports on both sides of the Atlantic Ocean when it starts service to Europe this summer from Rhode Island, Connecticut and New York's Hudson Valley

US, Mexico square off on immigration as top…

Mexico's mounting unease and resentment over President Donald Trump's immigration crackdown are looming over a gathering of U.S. and Mexican leaders that the U.S. had hoped would project a strong future for relations between neighbors

Claims for US jobless benefits tick up, level…

Weekly claims for US unemployment benefits rise to 244,000 but still at low level

US stocks slide as industrial and technology…

US stock indexes slump as industrial companies recede from record highs and technology companies are poised to break a long winning streak

Glencore upbeat on outlook as commodity prices…

The chief executive of Glencore says the Swiss mining and metals company is better positioned than ever after core profits rose 48 percent last year amid recovering commodity prices and cost cutting policies

INFLUENCE GAME: GM bill is self-driving and…

General Motors is trying to persuade state lawmakers to approve self-driving car rules that would benefit the automaker while potentially keeping its competitors off the road

Taco Bell pulling popular chicken-shelled chalupa

A Taco Bell treat that has a shell made entirely of fried chicken will vanish from the fast food chain's menu despite its popularity

Ghosn steps aside as Nissan CEO, to focus on…

Carlos Ghosn, who leads Nissan and Renault, has tapped Hiroto Saikawa, a veteran Japanese executive at Nissan, to replace him as chief executive at the Japanese automaker, although Ghosn will stay on as chairman

Global stocks steady as Fed minutes fail to sway…

Global stocks were trading in narrow ranges Thursday after the minutes to the last policymaking meeting of the Federal Reserve failed to provide much of a steer as to the timing of the central bank's next interest rate increase

Mnuchin says goal is to pass tax reform by August

Treasury Secretary Mnuchin says Trump goal is to pass major tax reform by August

Barclays bank ahead of schedule in recovery plan

Barclays Group says it will complete its restructuring six months earlier than planned as it sheds risky assets and focuses on consumer, corporate and investment banking in New York and London

Hawaii bill would ban licenses for some foreign…

A proposal in the Hawaii Legislature has the potential to cripple the state's commercial fishing industry after an Associated Press investigation found foreign fishermen confined to boats and living in subpar conditions

Lawmakers renew push for drilling in Alaska…

Petroleum drilling in Alaska's Arctic National Wildlife Refuge wasn't a consideration under President Barack Obama, but it's getting renewed attention under the new administration

Ivanka Trump visits center for minority-owned…

Ivanka Trump has broadened her research on economic policy with a visit to a Baltimore center for minority-owned small businesses

Health care's future: Turning patients into…

Many Americans who gained health coverage through the Affordable Care Act may soon have to save for medical bills and shop for care more than they have in the past

Austria pressing fraud charges against Airbus over fighters

Austria's defense minister says that state prosecutors have begun preliminary proceedings on suspicion of fraud against Airbus and an affiliated company over his country's purchase of 15 combat aircraft

New Apple headquarters to have theater named for…

Apple has announced that its new headquarters will open for employees in the spring and will include a theater named for its late co-founder, Steve Jobs

Study: Technology trouble dents car and truck…

Technology glitches including Bluetooth phone pairing and misunderstood voice commands put a dent in car and truck reliability scores in a major survey of automobile owners

Plight of company towns: finding a new identity

Company towns like Peoria, Illinois, have long relied on major employers to provide generations of locals with jobs and give the cities their central identity