Latest News

Business News

  • McDonald’s reaches settlement in ‘joint-employer’ lawsuit

    NEW YORK (AP) — McDonald’s says it has reached a settlement with a U.S. labor agency over a lawsuit that could have decided if the fast-food company should be liable for hiring, pay and other decisions made at its franchised restaurants. The lawsuit, filed in 2016 by the National Labor Relations Board, contended that McDonald’s […]
  • Trump Org. partner in India accused of bilking investors

    NEW DELHI (AP) — An Indian company that is partnering with the Trump Organization on an office tower project has been accused of running an elaborate real estate swindle that cheated investors out of nearly $150 million, according to complaints filed with Indian authorities. Ramesh Sanka, the former CEO of the real estate firm IREO, […]
  • Business Highlights

    ___ How Facebook likes could profile voters for manipulation NEW YORK (AP) — Facebook likes can tell a lot about a person. Maybe even enough to fuel a voter-manipulation effort like the one a Trump-affiliated data-mining firm stands accused of — and which Facebook may have enabled. A Trump-affiliated group, Cambridge Analytica, reportedly tapped similar […]
  • NTSB urges ban on copter flights with unsafe harness systems

    NEW YORK (AP) — A deadly helicopter crash into a river prompted the National Transportation Safety Board on Monday to call on federal regulators to prohibit commercial flights that use passenger harness systems that do not allow for easy release. The NTSB’s recommendation comes after last week’s helicopter crash in the East River. Five passengers […]
  • Short-term rates rise at weekly US Treasury auction

    WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Monday’s auction to their highest levels since August 2008. The Treasury Department auctioned $51 billion in three-month bills at a discount rate of 1.780 percent, up from 1.670 percent last week. Another $45 billion in six-month bills was auctioned at a discount rate of […]
  • Ex-employee sues celebrity chef, claiming sexual harassment

    WASHINGTON (AP) — A woman who was formerly employed as a manager by celebrity chef Mike Isabella sued him and his business partners Monday alleging sexual harassment. Isabella denied the allegations. Chloe Caras is seeking an unspecified amount for pain and suffering, back pay and punitive damages. Isabella, who competed on the cooking reality shows […]
  • G-20 meeting in Argentina eclipsed by potential trade war

    BUENOS AIRES, Argentina (AP) — Finance ministers and central bankers from the 20 leading industrial and developing countries are meeting in Argentina at a summit that has been eclipsed by growing concerns over the potential of a global trade war following U.S. President Donald Trump’s decision to slap import tariffs on steel and aluminum. Trump’s […]
  • Romney seeks Marriott post he can’t hold as a US Senator

    SALT LAKE CITY (AP) — Mitt Romney is running for re-election to Marriott International’s board of directors, but his campaign said Monday that he’ll resign from that post if elected in November to the U.S. Senate, which bars senators from serving as an officer or board member of any publicly-held company. The Utah Senate candidate […]
  • How major US stock indexes fared Monday

    Facebook plunged to its worst loss in four years Monday and led a rout in technology companies. The social media company’s stock fell following reports that a data mining firm working for the Trump campaign improperly obtained data on 50 million Facebook users. On Monday: The S&P 500 index lost 39.09 points, or 1.4 percent, […]
  • Facebook and Newell Brands skid while Orbotech climbs

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday: Facebook Inc., down $12.53 to $172.56 The social media company faced new criticism after reports a data mining firm working for the Trump campaign improperly obtained and then kept data on tens of millions of users. CACI International Inc., down $11.85 to $145.60 […]
  • Promotional products company Geiger buying UK’s BTC Group

    LEWISTON, Maine (AP) — U.S. family-owned promotional products company Geiger is buying the largest family-owned promotional products distributor in the United Kingdom. CEO Gene Geiger said Monday the merger with BTC Group expands the company’s footprint in Europe. The new company, Geiger BTC Group, will have nearly 400 employees. Financial terms weren’t disclosed. Geiger told […]
  • Muslim engineer sues after Kansas flap over Malaysian flag

    WICHITA, Kan. (AP) — A Muslim aerospace engineer has sued the Spirit Boeing Employees Association for religious discrimination stemming from a party at a lake in Wichita, Kansas. The American Civil Liberties Union filed a federal lawsuit Friday on behalf of Munir Zanial, a Malaysian national of Indian ancestry. The association declined to comment. Zanial […]
  • Want to avoid the flu while flying? Try a window seat

    NEW YORK (AP) — Worried about catching a cold or the flu on an airplane? Get a window seat, and don’t leave it until the flight is over. That’s what some experts have been saying for years, and it’s perhaps the best advice coming out of a new attempt to determine the risks of catching […]
  • Court filing claims Education Dept illegally got SSN data

    WASHINGTON (AP) — A group of former students defrauded by for-profit colleges is claiming in court that the Education Department illegally obtained and used their Social Security data to limit their student loan relief. The Education Department announced in December that it will start granting some former students at the now-defunct Corinthian Colleges only partial […]
  • Abortion impasse may shut down effort to reduce premiums

    WASHINGTON (AP) — The polarizing politics of abortion have burst into the congressional budget debate, overwhelming bipartisan efforts to help millions of consumers who buy their own health insurance policies get relief from soaring premiums. On Monday, Senate and House Republicans released their latest plan to stabilize the Affordable Care Act’s insurance markets. It calls […]