Money & Markets

AP: Ivanka, Kushner could profit from tax break they pushed

WASHINGTON — At an Oval Office gathering earlier this year, President Donald Trump began touting his administration’s new real estate investment program, which offers massive tax breaks to developers who invest in downtrodden American communities. He then turned to one of the plan’s ...

China ups pressure as tech exec’s hearing goes into Tuesday

VANCOUVER, British Columbia — A jailed Chinese technology executive will have to wait at least one more day to see if she will be released on bail in a case that has raised U.S.-China tensions and complicated efforts to resolve a trade dispute that has roiled financial markets and threatened ...

Amazon touted as big win for NY, but math is more complex

NEW YORK — New York officials tout their deal to land a new Amazon headquarters as can’t-miss math. The city and state put up $2.8 billion in tax breaks and grants. In return, they get an economic engine expected to generate $27 billion in new tax money over a quarter-century. “This is ...

Letters from Houston law firm outline Bush’s business acumen

HOUSTON — Never-before published personal correspondence from George H.W. Bush in the archives of Houston law firm Baker Botts capture a period in the late president’s life that is often overshadowed by his political accomplishments: his career as a risk-taking entrepreneur who helped ...

US to ease oil drilling controls protecting imperiled bird

BILLINGS, Mont. — The Trump administration moved forward Thursday with plans to ease restrictions on oil and natural gas drilling, mining and other activities that were put in place to protect an imperiled bird species across millions of acres in the American West. Land management documents ...

Documents show Facebook used user data as competitive weapon

Internal Facebook documents released by a U.K. parliamentary committee offer the clearest evidence yet that the social network has used its enormous trove of user data as a competitive weapon, often in ways designed to keep its users in the dark. Parliament’s media committee accused ...

Economic chill dulls Chinese appetite for some luxury brands

BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries. It’s a rude awakening for such designer brands as Louis Vuitton and Burberry that increasingly rely on Chinese customers who ...

Congress seeks 2-week extension to avert government shutdown

WASHINGTON — Congressional leaders introduced a two-week funding bill Monday to avert a partial government shutdown over President Donald Trump’s border wall, as business in the Capitol came to a standstill for ceremonies honoring former President George H.W. Bush. The stopgap measure ...

Leaders stress need to win support for climate measures

KATOWICE, Poland — As leaders attending the U.N.’s annual climate summit heard fresh warnings about the dire consequences of leaving global warming unchecked, a new issue emerged Monday as a pressing concern: how to persuade millions of workers their industry can’t have a future if ...

US-China trade truce seen boosting US stock market

WASHINGTON — The truce in the trade dispute between the U.S. and China should boost rattled financial markets, at least likely through year’s end, experts say. But the stock market’s wild gyrations of recent months likely will persist as the two countries strain to reach a permanent ...

Marriott security breach exposed data of up to 500M guests

NEW YORK — Hackers stole information on as many as 500 million guests of the Marriott hotel empire over four years, obtaining credit card and passport numbers and other personal data, the company said Friday as it acknowledged one of the largest security breaches in history. The full scope ...

Mayweather, DJ Khaled settle over digital coin promotions

WASHINGTON — Federal regulators said Thursday that boxing legend Floyd Mayweather and music producer DJ Khaled are paying a total $750,000 to settle charges they failed to disclose payments they received for promoting investments in digital-currency securities. The Securities and Exchange ...

Repeat outbreaks pressure produce industry to step up safety

NEW YORK — After repeated food poisoning outbreaks linked to romaine lettuce, the produce industry is confronting the failure of its own safety measures in preventing contaminations. The E. coli outbreak announced just before Thanksgiving follows one in the spring that sickened more than ...

LA joins other big cities in legalizing street vending

LOS ANGELES — It was his 63rd birthday but instead of staying home to celebrate Wednesday, Andres Garcia got in his truck and drove 25 miles to Los Angeles City Hall to see the little sidewalk vending business he’s run for 15 years finally become legal. There, in the ornate City Council ...

Apple’s stock sours, Microsoft’s soars

Wall Street investors are enamored with a newly emergent tech company. It has nothing to do with posting selfies or finding a soul mate. The company is instead making billions of dollars selling cloud-computing and other technical services to offices around the world. Say hello to ...

GM to lay off up to 14K workers, close as many as 5 plants

DETROIT — General Motors will cut up to 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures to focus more on autonomous and electric vehicles, the automaker announced Monday. The reductions could amount to as ...

Supreme Court sets high bar for medical device lawsuits

The tiny balloon was supposed to stretch open a blocked artery on Charles Riegel’s diseased heart. Instead, when the doctor inflated the balloon, it burst. The patient went on life support but survived. His lawsuit against the manufacturer of that arterial balloon did not. The U.S. ...

Government climate report warns of worsening US disasters

WASHINGTON — As California’s catastrophic wildfires recede and people rebuild after two hurricanes, a massive new federal report warns that these types of disasters are worsening in the United States because of global warming. The White House report quietly issued Friday also frequently ...

Retailers aim to pick up business from dying rivals

NEW YORK — Toys R Us and Bon-Ton may be gone but they haven’t been forgotten. Companies like Target and online mattress company Casper are creating playbooks to pick up market share that those and other defunct or dying retailers left behind. Casper, for instance, is teaming up with ...

Gov’t questions unfair student loan practices

NEW YORK — One of the nation’s largest student loan servicing companies may have driven tens of thousands of borrowers struggling with their debts into higher-cost repayment plans. That’s the finding of a Department of Education audit of practices at Navient Corp., the nation’s ...