Latest News

Business News

  • FILE - In this March 29, 2017 file photo Dieter Zetsche, CEO of the Daimler AG, poses next to a car prior to the shareholders meeting of the car maker in Berlin, Germany. Automaker Daimler, maker of Mercedes-Benz cars, announces second-quarter earnings, Wednesday, July 26, 2017. (AP Photo/Michael Sohn, file)

    Daimler stands by diesel despite growing controversy

    FRANKFURT, Germany (AP) — German automaker Daimler’s profits barely rose and were short of market expectations as its Mercedes-Benz luxury car division boomed while earnings lagged at its truck, van and bus businesses. The second-quarter results were overshadowed by the growing controversy over diesel technology hanging over the automaker — and the auto industry in […]
  • Hyundai Motor's new SUV Kona, center, is displayed at its showroom in Seoul, South Korea, Wednesday, July 26, 2017. Hyundai Motor said its second-quarter net income plunged 51 percent over a year earlier as sales in China and the U.S. fell sharply. (AP Photo/Ahn Young-joon)

    Hyundai Motor’s profit halved to lowest level since 2010

    SEOUL, South Korea (AP) — Hyundai Motor said Wednesday its quarterly profit was halved to its lowest level since 2010 as its auto sales in China and the U.S. plunged as the South Korean automaker paid dearly for lagging in its SUV lineup. Net income for the April-June period was 816.9 billion won ($728.8 million), […]
  • FILE - This April 7, 1998 file photo shows capsules of the drug thalidomide at the Celgene Corp. in Warren, N.J, printed with a symbol warning pregnant or soon-to-be pregnant women against use of the drug that had caused thousands of infant deformities. Celgene has agreed to pay $280 million to settle a federal lawsuit alleging it committed fraud by promoting a drug for leprosy and another therapy for unapproved cancer treatments, federal prosecutors announced Tuesday, July 25, 2017. (AP Photo/Mike Derer, File)

    Pharmaceutical company Celgene settles suit for $280 million

    LOS ANGELES (AP) — Celgene Corp. has agreed to pay $280 million to settle a whistleblower lawsuit alleging the pharmaceutical company committed fraud promoting a drug with a notorious history that was re-purposed to treat leprosy and another therapy for unapproved cancer treatments, federal prosecutors announced Tuesday. The agreement settled a lawsuit in Los Angeles […]
  • FILE - In this May 31, 2013 file photo, New York Gov. Andrew Cuomo speaks during a news conference to announce the increase in penalties for texting while driving in New York. New York state is set to study the use of a device known as the "textalyzer" that would allow police to determine whether a motorist involved in a serious crash was texting while driving. Cuomo announced Wednesday, July 26, 2017, that he would direct the Governor's Traffic Safety Committee to examine the technology, as well as the privacy and constitutional questions it could raise. (AP Photo/Frank Franklin II, File)

    New York eyes textalyzer to bust drivers using cellphones

    ALBANY, N.Y. (AP) — Police in New York state may soon have a high-tech way of catching texting drivers: a device known as a textalyzer that allows an officer to quickly check if a cellphone has been in use before a crash. Democratic Gov. Andrew Cuomo on Wednesday directed the Governor’s Traffic Safety Committee to […]
  • CORRECTS SPELLING OF SOURCE AND NUMBER OF RABBITS SEEN IN PHOTO In this image made from  July 22, 2017, video, three rabbits sit on the back of sheep as they avoid rising flood waters on a farm near Dunedin, New Zealand. Three wild rabbits managed to escape rising floodwaters in New Zealand by clambering aboard a flock of sheep and surfing to safety on their woolly backs. (Ferg Horne via AP)

    Hop on! Wild rabbits surf on sheep to flee New Zealand flood

    WELLINGTON, New Zealand (AP) — It was a woolly ride, but three wild rabbits managed to escape rising floodwaters in New Zealand by clambering aboard sheep and surfing to safety on their backs. Ferg Horne, 64, says he’s been farming since he left school at age 15 and has never seen anything quite like it. […]
  • FILE - In this Dec. 17, 2015, file photo, Martin Shkreli, center, the former hedge fund manager under fire for buying a pharmaceutical company and ratcheting up the price of a life-saving drug, is escorted by law enforcement agents in New York after being taken into custody following a securities probe. Jurors heard testimony from the government's last witness on Tuesday, July 25, 2017, a day after Shkreli's lawyer told the court his client won't take the witness stand during his securities fraud trial. (AP Photo/Craig Ruttle, File)

    ‘Pharma Bro’ won’t stop talking, except to jury in trial

    NEW YORK (AP) — “Pharma Bro” Martin Shkreli has kept up his trademark trolling on social media during his securities fraud trial — calling the case “bogus” — but the jury won’t hear him defend himself in court. The government’s last witness testified on Tuesday, a day after a lawyer for the former biotech CEO […]
  • Europe rights court: Sex still important for older women

    LISBON, Portugal (AP) — Judges in Portugal were guilty of sexual discrimination in a medical compensation case when they decided that the importance of sex diminished with the age of a woman, Europe’s human rights court ruled in a judgment published Tuesday. Maria Morais, a 50-year-old Portuguese woman with two children, claimed that medical negligence […]
  • Aide says congressman’s opponent was paid to drop from race

    PHILADELPHIA (AP) — A former aide to a political challenger of a powerful U.S. representative admitted that she helped funnel the congressman’s cash to her former boss in exchange for his withdrawal from a 2012 election, federal prosecutors said Tuesday. Carolyn Cavaness, a pastor who was an aide to Philadelphia Judge Jimmie Moore during his […]
  • Cuomo to meet with US transportation chief amid transit woes

    ALBANY, N.Y. (AP) — New York’s governor is headed to Washington to meet with U.S. Transportation Secretary Elaine Chao amid New York City’s ongoing transit troubles. In a statement, Democratic Gov. Andrew Cuomo (KWOH’-moh) said Wednesday’s meeting would focus on long-delayed plans to build a new Hudson River tunnel to relieve congestion on busy rail […]
  • President Donald Trump and first lady Melania Trump arrive for a rally, Tuesday, July 25, 2017, at the Covelli Centre in Youngstown, Ohio (AP Photo/Carolyn Kaster)

    The Latest: Trump talks ‘new immigration system’ in Ohio

    WASHINGTON (AP) — The Latest on President Donald Trump’s victory lap in working-class Youngstown, Ohio (all times local): 9 p.m. President Donald Trump says he is working with a pair of Republican senators to “create a new immigration system for America.” Trump is endorsing legislation introduced by Senators Tom Cotton and David Perdue that would […]
  • FILE- In this June 27, 2017 file photo, Metropolitan Transportation Authority Chairman Joseph Lhota, left, is briefed before speaking to reporters near the scene of a subway train derailment in the Harlem neighborhood of New York. On Tuesday, July 25, Lhota unveiled an $836 million plan to stabilize the beleaguered subway system, and promised that riders would see progress within the next year. (AP Photo/Mary Altaffer, File)

    New York City’s transit agency unveils $836M subway plan

    NEW YORK (AP) — The head of New York City’s transit agency on Tuesday unveiled an $836 million plan to stabilize the beleaguered subway system, and promised that riders would see progress within the next year. Metropolitan Transportation Authority Chairman Joseph Lhota said it was the first phase of a larger subway action plan to […]
  • This combo of file images shows Facebook CEO Mark Zuckerberg, left, and Tesla and SpaceX CEO Elon Musk. An online smackdown between tech titans Zuckerberg and Musk over the possible threat of artificial intelligence underlines how little most people know about the rapidly advancing technology. (AP Photo/Manu Fernandez, Stephan Savoia)

    AP Explains: Should you be worried about the rise of AI?

    SAN FRANCISCO (AP) — Tech titans Mark Zuckerberg and Elon Musk recently slugged it out online over the possible threat artificial intelligence might one day pose to the human race, although you could be forgiven if you don’t see why this seems like a pressing question. Thanks to AI, computers are learning to do a […]
  • This Monday, April 24, 2017, photo, shows a sign at the headquarters of US Steel in downtown Pittsburgh. United States Steel Corp. reports financial results, Tuesday, July 25, 2017. (AP Photo/Keith Srakocic)

    US Steel reports 2Q profit, offers optimistic outlook

    PITTSBURGH (AP) — United States Steel Corp. shares jumped more than 9 percent after the steel maker said its second-quarter earnings rebounded from a loss and improved more than $300 million. The Pittsburgh-based company said it earned $261 million, or $1.48 per share. That compares with a loss of $46 million, or 32 cents per […]
  • PepsiCo deal shows companies not shying away from Redskins

    WASHINGTON (AP) — On the eve of training camp, the Redskins announced they’d moved on from one of their longest relationships. Coca-Cola had partnered with the team since it began playing in Washington in 1932, and on Tuesday the Redskins announced a long-term deal with PepsiCo. A month after the Justice Department gave up its […]
  • In this Tuesday, June 23, 2015, photo, a man using a mobile phone walks past an AT&T store, in New York. AT&T Inc. reports earnings, Tuesday, July 25, 2017. (AP Photo/Mark Lennihan)

    AT&T tops Wall Street’s profit, revenue forecasts

    DALLAS (AP) — Shares of AT&T Inc. rose Tuesday after the company’s second-quarter profit and revenue beat industry analysts’ projections. The Dallas phone and video company also said that it still expects its $85 billion Time Warner deal to close this year. AT&T bought DirecTV in 2015 and wants the owner of the CNN, TBS […]