Money & Markets

Starbucks CEO apologizes to 2 black men arrested

PHILADELPHIA — Starbucks sells itself as a community gathering spot as much as a coffeehouse, a welcoming place with comfortable chairs for lingering, trendy music and Wi-Fi. That's one reason the arrest of two black men who were sitting in a Starbucks struck a nerve for so many: They were ...

Bon-Ton may be headed for liquidation as judge denies fee payment

Younkers’ parent company MILWAUKEE BUSINESS NEWS The possibility of The Bon-Ton Stores Inc., parent company of Younkers, emerging from bankruptcy as an operating business took a major hit Wednesday as a bankruptcy judge denied a request from the company to pay some of the fees for the lone ...

Xi vs Trump: Who has the better hand in potential trade war?

BEIJING — The brewing China-U.S. trade conflict features two leaders who've expressed friendship but are equally determined to pursue their nation's interests and their own political agendas. But while President Donald Trump faces continuing churn in his administration and a tough challenge ...

US and China both omit key products from tariff threats

DETROIT (AP) — Americans spent nearly $96 billion last year on cellphones and computers imported from China, far more than on any other items. But you won't find them on the list of Chinese-made products the Trump administration is threatening with tariffs. And China spends about $1 billion ...

Workers’ radiation exposure halts nuke plant demo

SPOKANE, Wash. — Seven decades after making key portions of the atomic bomb dropped on Nagasaki, Japan, workers at the Hanford Nuclear Reservation are being exposed to radiation as they tear down buildings that helped create the nation's nuclear arsenal. Dozens of workers demolishing a ...

Trump proposes $100 billion in new tariffs on Chinese goods

WASHINGTON — President Donald Trump instructed the U.S. trade representative to consider slapping an additional $100 billion in tariffs on Chinese goods on Thursday in a dramatic escalation of the trade dispute between the two countries. Trump's surprise move came a day after Beijing ...

Spotify’s stock market debut strikes a chord with investors

SAN FRANCISCO — Spotify's opening act on Wall Street struck a chord with investors betting the unprofitable company's trend-setting music streaming service will maintain its early lead over Apple and other powerful challengers. After several hours of anticipation Tuesday morning, Spotify's ...

EPA to ease back emissions standards

The Associated Press Environmental regulators announced on Monday they will ease emissions standards for cars and trucks, saying that a timeline put in place by President Barack Obama was not appropriate and set standards "too high." The Environmental Protection Agency said it completed a ...

Trump warns he may freeze SKorea trade deal for NKorea talks

RICHFIELD, Ohio — President Donald Trump on Thursday threatened to hold up the trade agreement his administration finalized this week with South Korea in an effort to gain more leverage in potential talks with North Korea. Speaking on infrastructure in Ohio, Trump highlighted the recently ...

SUVs to steal the New York International Auto Show

Yes, there will be a few cars, but SUVs will capture most of the headlines at this year's New York International Auto Show. Automakers will be shoring up gaps in their SUV lineups and revamping models that already are popular in the hottest-selling part of the U.S. market. Leading the way ...

Revamped deal widens US access to South Korean car market

WASHINGTON — The Trump administration said Tuesday it has widened U.S. access to South Korea's car market while providing American manufacturers protection from South Korean imports. The United States and South Korea have reached an agreement to overhaul the six-year-old U.S.-Korea Free ...

Fed raises key rate and foresees two more rate hikes this year

WASHINGTON — The Federal Reserve raised its key interest rate Wednesday in a vote of confidence in the U.S. economy's durability while signaling that it plans to continue a gradual approach to rate hikes for 2018 under its new chairman, Jerome Powell. The Fed said it expects to raise rates ...

Border wall, tunnel tussle hold up sweeping spending bill

WASHINGTON (AP) — Talks over a $1.3 trillion government spending bill dragged Tuesday as congressional negotiators found themselves tangled in side issues ahead of a Friday deadline. If lawmakers can agree on the bill, President Donald Trump will reap a huge budget increase for the military ...

Talks on $1.3T catchall spending bill nearing completion

WASHINGTON — Battles over priorities in a huge government-wide spending bill are essentially settled, leaving a scaled-back plan for President Donald Trump's border wall and a huge rail project that pits Trump against Capitol Hill's most powerful Democrat as the top issues to be solved. An ...

AP Exclusive: Kushner Cos. filed false NYC housing paperwork

NEW YORK — When the Kushner Cos. bought three apartment buildings in a gentrifying neighborhood of Queens in 2015, most of the tenants were protected by special rules that prevent developers from pushing them out, raising rents and turning a tidy profit. But that's exactly what the company ...

Southeast Asian leaders gather for first Australia summit

CANBERRA, Australia — Southeast Asian leaders started gathering Friday for their first summit in Australia as the regional neighbors look for closer economic and security links and the host prime minister warned against trade protectionism. The leaders of the Association of Southeast Asian ...

Toys R Us said to be planning to liquidate its US operations

NEW YORK — Toys R Us appears headed toward shuttering its U.S. operations, spelling an end to a chain known to generations of children and parents for its sprawling stores and Geoffrey the giraffe mascot but that fell victim to brutal retail-industry trends. The closing of the company's 700 ...

House rejects GOP bill easing use of unproven drugs

WASHINGTON — The House rejected legislation Tuesday easing how experimental drugs are provided to people with terminal illnesses, as Democrats calling the bill risky and misleading overcame support from President Donald Trump and emotional arguments by Republican lawmakers and ailing ...

Trump blocks Broadcom takeover bid for pursuing Qualcomm

WASHINGTON — President Donald Trump blocked Singapore chipmaker Broadcom from pursuing a hostile takeover of U.S. rival Qualcomm, ruling the proposed combination would imperil national security. The decision, announced late Monday, abruptly ends Broadcom's four-month, $117 billion bid to ...

Most stores shut Sunday in Poland

WARSAW, Poland — A new Polish law banning almost all trade on Sundays has taken effect, with large supermarkets and most other retailers closed for the first time since liberal shopping laws were introduced in the 1990s after communism's collapse. The change is stirring up a range of ...