Business News

TOKYO (AP) — Asian shares mostly rose Tuesday as a surge in U.S. bond yields pushed the value of the dollar higher against other major currencies. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.9 percent to finish at 22,278.12, helped by the weaker yen. Australia’s S&P/ASX 200 climbed 0.7 percent to 5,924.60, and South Korea’s […]

DHAMRAI, Bangladesh (AP) — The factory building had been expanded illegally, with additional floors stacked one on top of another. An engineer had declared it unsafe, and the thousands of people who worked inside, stitching garments for clothing brands from around the world, knew it was trouble. “That factory was very risky,” said Khadiza Begum, […]

WASHINGTON (AP) — President Donald Trump’s escalating dispute with China over trade and technology is threatening jobs and profits in working-class communities where his “America First” agenda hit home. The Commerce Department has received more than 2,400 applications from companies seeking waivers from the administration’s tariffs on steel and aluminum imports, which may result in […]

WASHINGTON (AP) — It landed with a thud on newsstands at Walmart and rural supermarkets last month: Ninety-seven fawning pages saluting Saudi Arabia, whose ambitious crown prince was soon to arrive in the U.S. on a PR blitz to transform his country’s image. As questions swirled about the glossy magazine’s origins, the Saudis said they […]

LOS ANGELES (AP) — Sony Pictures Entertainment Chairman Tom Rothman assured theater owners Monday that his studio is dedicated to appealing to a range of audiences — from global franchises such as “Spider-Man” and “The Girl with the Dragon Tattoo” series to family films, action pics, comedies and even Quentin Tarantino’s Leonardo DiCaprio and Brad […]

Bitcoin “miners” who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York’s northern border a couple of years ago to tap into some of the nation’s cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region. But as the once-high-flying bitcoin […]

BOSTON (AP) — Massachusetts’ highest court will meet to consider the punishment for a judge who admitted to having a relationship with a courthouse employee that included sexual encounters in his chambers. The Supreme Judicial Court will hold a hearing Tuesday to explore sanctions for Judge Thomas Estes for his affair with social worker Tammy […]

SEOUL, South Korea (AP) — SK Hynix Inc. said Tuesday its first-quarter net profit has surged 64 percent over a year earlier thanks to robust memory chip prices that offset slowing growth in the mobile sector. The South Korean chipmaker, which supplies to Apple, reported 3.1 trillion won ($2.9 billion) earnings for the January-March period, […]

CHICAGO (AP) — United Airlines CEO Oscar Munoz, who was criticized for his initial response to a passenger being violently dragged off a plane, says he gave up his 2017 bonus. Munoz’s compensation, mostly in stock awards, fell to $9.6 million in 2017 from $18.7 million the year before. United Continental Holdings Inc. detailed it […]

MINNEAPOLIS (AP) — Minnesota regulators should approve Enbridge Energy’s proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than company’s preferred route, an administrative law judge recommended Monday. The proposal has drawn strong opposition because Enbridge’s preferred route would carry Canadian tar sands crude from Alberta […]

NEW YORK (AP) — First, Jared Kushner’s big plans for a skyscraper in Manhattan fell apart. Now, it’s the turn of his major twin-tower project across the river in New Jersey. Plans for a pair of gleaming, 66-story residential towers in Jersey City championed by Kushner when he was CEO of his family company are […]

MINNEAPOLIS (AP) — The Latest on Enbridge Energy’s proposed Line 3 replacement (all times local): 5:15 p.m. An administrative law judge says Minnesota regulators should approve Enbridge Energy’s proposal for replacing its aging Line 3 crude oil pipeline only if it follows the existing route rather than the company’s preferred route.   Administrative Law Judge Ann […]

TOPEKA, Kan. (AP) — Kansas’ top child welfare official on Monday proposed $24 million in additional spending over three years and said her agency needs to hire dozens of workers who are not licensed social workers to conduct investigations into reports of abuse and neglect. The measures outlined by Gina Meier-Hummel, secretary of the state […]

SALT LAKE CITY (AP) — When he previously ran for U.S. Senate 24 years ago in Massachusetts, Mitt Romney lost handily to the late liberal lion Ted Kennedy. Now in Utah, Romney is facing a new challenge from someone who shares his old opponent’s name but little else: State Rep. Mike Kennedy. The conservative lawyer […]

ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo proposed a statewide ban on plastic shopping bags Monday — though at least one leading environmental advocacy group says his plan doesn’t go nearly far enough in combating a leading source of litter and pollution. The legislation announced by Cuomo, a Democrat, would ban single-use plastic […]