Money & Markets

US sportswear traced to factory in China’s internment camps

HOTAN, China — Barbed wire and hundreds of cameras ring a massive compound of more than 30 dormitories, schools, warehouses and workshops in China’s far west. Dozens of armed officers and a growling Doberman stand guard outside. Behind locked gates, men and women are sewing sportswear ...

Kushner-linked firm targets richer areas in program for poor

WASHINGTON — A real estate investment firm co-founded by President Donald Trump’s son-in-law and adviser, Jared Kushner, is betting big on the administration’s Opportunity Zone tax breaks but isn’t that interested in steering its investors to the poorest, most-downtrodden areas that the ...

Scandal-plagued CBS grants $20M to 18 women’s rights groups

NEW YORK — CBS on Friday pledged to give $20 million to 18 organizations dedicated to eliminating sexual harassment in the workplace as the network tries to recover from a scandal that led to the ouster of its top executive, Les Moonves. The announcement comes as the network’s crisis ...

Virgin Galactic tourism rocket ship reaches space in test

MOJAVE, Calif. — Virgin Galactic’s tourism spaceship climbed more than 50 miles high above California’s Mojave Desert on Thursday, reaching for the first time what the company considers the boundary of space. The rocket ship hit an altitude of 51 miles (82 kilometers) before beginning ...

Virgin Galactic aims to reach space soon with tourism rocket

MOJAVE, Calif. — Richard Branson’s Virgin Galactic is gearing up to finally send its tourism rocket ship to the edge of space. If successful, it would be a major step toward the long-delayed dream of commercial space tourism. The next test flight could come as early as Thursday with two ...

China suspected in huge Marriott data breach

WASHINGTON — Investigators believe hackers working on behalf of China’s main intelligence agency are responsible for a massive data breach involving the theft of personal information from as many as 500 million guests of the Marriott hotel chain, a U.S. official said ...

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 ...