Business News

MADRID (AP) — Spanish media reports that Portugal forward Cristiano Ronaldo has agreed to plead guilty to tax fraud and pay a fine of 18.8 million euros ($21.8 milllion) in exchange for a prison sentence that would most likely be suspended. Spanish newspaper El Mundo reported Friday that Ronaldo is ready to admit to four […]

LOS ANGELES (AP) — California health officials proposed a regulation change Friday that would declare coffee doesn’t present a significant cancer risk, countering a recent state court ruling that had shaken up some coffee drinkers. The Office of Environmental Health Hazard Assessment said its unprecedented move to declare the ubiquitous product safe followed a review […]

iTunes charts for week ending June 14, 2018 Top Songs 1. Girls Like You (feat. Cardi B), Maroon 5 2. Psycho (feat. Ty Dolla $ign), Post Malone 3. I Like It, Cardi B, Bad Bunny & J Balvin 4. Whatever It Takes, Imagine Dragons 5. Lose It, Kane Brown 6. No Tears Left to Cry, […]

___ A trade war looms as Trump slaps tariffs on Chinese imports WASHINGTON (AP) — President Donald Trump brought the world’s two biggest economies to the brink of a trade war by announcing a 25 percent tariff on up to $50 billion in Chinese imports to take effect July 6. Beijing quickly responded that it […]

PORTLAND, Maine (AP) — A set of retaliatory tariffs released by China includes a plan to tax American lobster exports, potentially jeopardizing one of the biggest markets for the premium seafood. Chinese officials announced the planned lobster tariff on Friday along with hundreds of other tariffs amid the country’s escalating trade fight with the United […]

NEW YORK (AP) — Federal prosecutors indicted Elizabeth Holmes on criminal fraud charges for allegedly defrauding investors, doctors and the public as the head of the once-heralded blood-testing startup Theranos. Federal prosecutors also brought charges against the company’s former second-in-command. Holmes, who was once considered a wunderkind of Silicon Valley, and her former Chief Operating […]

WASHINGTON (AP) — President Donald Trump just imposed tariffs on hundreds of Chinese products — from X-ray tubes to incinerators. And Beijing is striking back by targeting U.S. soybeans, beef, seafood and other products. The punch-and-counterpunch announced Friday in Washington and Beijing moved the world’s two largest economies perilously near a trade war that would […]

BATON ROUGE, La. (AP) — A Connecticut man has been sentenced to 10 years in prison on charges that he defrauded Walmart nearly $1 million through identity theft and hundreds of bogus checks. U.S. District Judge Brian Jackson in Louisiana sentenced Walter Glenn on Wednesday. U.S. Attorney Brandon Fremin’s office said in a news release […]

U.S. stocks closed out a whirlwind week with a modest loss Friday as markets gauged how much to fret about the Trump administration’s decision to step up the trade dispute between the world’s two biggest economies. The White House announced tariffs on $50 billion of imports from China, and China’s almost-immediate response was a promise […]

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Boeing Co., down $4.54 to $357.88 Industrial company stock fell after the U.S. announced tariffs on $50 billion in Chinese imports and China vowed to retaliate. Canada Goose Holdings Inc., up $15.17 to $61.02 The coat maker’s stock extended its climb after its […]

WASHINGTON (AP) — It’s been more than a decade since North Korea turned over the remains of American troops missing from the Korean War. So, President Donald Trump’s suggestion Friday that Pyongyang has begun delivering remains to the U.S. raised the hopes of families who have sought closure for more than 60 years. Still, they’ve […]

WASHINGTON (AP) — Among the subjects President Donald Trump apparently didn’t discuss with North Korean leader Kim Jong Un in Singapore — the regime’s human rights abuses, its exports of missile technology and its mistreatment of U.S. prisoners — there’s one more: its long record of dangerous cyberattacks against sensitive targets in the U.S. and […]

BOSTON (AP) — Yelp is shutting down accounts used by a Boston teacher to post rave restaurant reviews written by her third-grade students. The reviews were part of an assignment designed to teach students at the Boston Teachers Union School about opinion writing. They described some restaurants glowingly with praise such as, “Prepare for your […]

ALBUQUERQUE, N.M. (AP) — Underground pockets of boiling water and steam that could have been tapped to produce electricity are now off limits as one national forest in northern New Mexico has said no to the prospect of geothermal development. The decision by the Santa Fe National Forest follows years of study and public testimony […]

Representatives of the Walmart company heirs deny any involvement in the Georgia governor’s race after a candidate was secretly recorded saying he backed a school choice law because campaign money from the family’s non-profit foundation was at stake. Republican Lt. Gov. Casey Cagle admits making the remarks that surfaced in the past week. His campaign […]