Business News

PHILADELPHIA (AP) — Southwest has sent a letter of apology, a $5,000 check and a $1,000 travel voucher to passengers who were on a flight that made an emergency landing in Philadelphia after an engine exploded. “Please accept our deepest apologies,” Chairman Gary Kelly wrote in a letter dated April 18, a day after the […]

MILAN (AP) — Designers are confronting what it means to be sustainable at the Milan Furniture Show. There is the tried and true — durable, sometimes luxurious classic pieces that can be passed down through generations. Increasingly, the focus is also on materials and sourcing, ensuring that they exploit neither workers nor the environment. Perhaps […]

POINT PLEASANT BEACH, N.J. (AP) — On the anniversary of the largest marine oil spill in the petroleum industry, New Jersey Gov. Phil Murphy signed a bill Friday prohibiting oil and natural gas drilling in state waters, as well as preventing infrastructure like pipelines that could support drilling in more distant federal waters. It is […]

NEW YORK (AP) — Canada’s Fairfax Financial Holding has placed a bid of $300 million to buy Toys R Us’s Canadian operations in bankruptcy. According to court papers filed late Thursday, the bidder is taking on a role of a “stalking horse” in a court-approved auction set for Monday in New York. That means it […]

BERLIN (AP) — Oh sprat! A tractor-trailer tried to take a turn and toppled over, tipping its entire load of fish onto a German farmer’s field. Police says some 20 metric tons (22 tons) of sprat spilled out of the truck in Friday’s accident in the northeastern state of Mecklenburg-Western Pomerania. German news agency dpa […]

ALONG THE ISRAEL-GAZA BORDER (AP) — The flareup of deadly violence in Gaza is of a new kind, even in the inventive annals of Mideast conflicts: Israeli soldiers shooting at Palestinian demonstrators burning tires and hurling firebombs across what looks like an international border, inflicting casualties while claiming concerns of a mass breach of the […]

RIYADH, Saudi Arabia (AP) — Green lipstick, blue lipstick and 40 shades of foundation to choose from are just some of the reasons 18-year-old Shahad al-Qahtani is excited about superstar Rihanna’s makeup line debut in Saudi Arabia. Rihanna, known worldwide for her chart-topping songs and daring, provocative style, is wildly popular among the Saudi women […]

NEW YORK (AP) — An audit of Facebook’s privacy practices for the Federal Trade Commission found no problems even though the company knew at the time that a data-mining firm improperly obtained private data from millions of users — raising questions about the usefulness of such audits. Facebook agreed to outside audits every two years […]

A steep slide in technology stocks weighed on U.S. stocks Friday, pulling the market lower for the second day in a row. Losses among retailers, packaged food and beverage makers and other consumer goods companies also helped weigh down the market. Banks rose as bond yields continued to climb, reflecting increasing investor concerns of higher […]

COPENHAGEN, Denmark (AP) — A major European dairy cooperative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years. Denmark-based Arla Foods, the maker of Lurpak butter, says “two unexpected developments” — the pound’s drop after Brexit […]

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. A slump in big technology stocks helped pull U.S. indexes lower on Wall Street, extending the market’s modest losses from a day earlier. Apple lost 4.1 percent Friday, its third loss in a row. Health care stocks and consumer […]

NEW YORK (AP) — SunTrust Banks Inc. says accounts for 1.5 million clients could be compromised following a potential case of data theft. The Atlanta bank said Friday that a former employee may have stolen the data and an investigation is ongoing. Compromised information could include names, addresses, phone numbers and account balances. SunTrust says […]

NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay $500 million to the Office of the Comptroller of […]

NEW YORK (AP) — The nation’s six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump. While higher interest rates allowed banks to earn more from lending in the first quarter, the main boost to bank came from the […]

FRANKFURT, Germany (AP) — Prosecutors say one person is in custody in an investigation of current and former managers at automaker Porsche, a unit of Volkswagen, over the company’s diesel emissions scandal. Prosecutors in Stuttgart declined Friday to identify the person, arrested following raids Wednesday at 10 locations in southern Germany, other than to say […]