Money & Markets

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 ...

Nissan chairman arrested in probe of financial misconduct

THE ASSOCIATED PRESS YOKOHAMA, Japan — Nissan Chairman Carlos Ghosn, who became one of the auto industry’s most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company ...

Watch geeks drive booming trade in preowned pieces

NEW YORK — Around two dozen traders sit in an open-layout second floor of a building in suburban Philadelphia. Surrounded by computer monitors, loud conversation and ringing phones, the energy on this trading floor is high and the commodity is blingy. At the headquarters of Govberg, ...

Bloomberg donates ‘unprecedented’ $1.8B to Johns Hopkins

BALTIMORE — Former New York City Mayor Michael Bloomberg announced Sunday he's donating $1.8 billion to his alma mater, Johns Hopkins University, to boost financial aid for low- and middle-income students. The Baltimore university said the contribution — the largest ever to any education ...

CNN’s Acosta back at White House after judge’s ruling

WASHINGTON — A federal judge ordered the Trump administration on Friday to immediately return the White House press credentials of CNN reporter Jim Acosta, though a lawsuit over the credentials’ revocation is continuing. U.S. District Court Judge Timothy Kelly, an appointee of President ...

FDA to crack down on menthol cigarettes, flavored vapes

NEW YORK — In a major new effort to curb smoking, a top U.S. health official pledged Thursday to try to ban menthol cigarettes and flavored cigars and tighten rules governing the sale of most flavored versions of electronic cigarettes. The proposed restrictions were aimed mainly at reducing ...

Facebook says it’s better at detecting rule violations

NEW YORK — Facebook said it’s making progress on detecting hate speech, graphic violence and other violations of its rules, even before users see and report them. Facebook said that during the April-to-September period, it doubled the amount of hate speech it detected proactively, ...

Powell sees potential threats from global slowdown

WASHINGTON — Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. economy is performing well but he’s eyeing potential risks ahead. Those include a slowdown in global growth, the fading impact from tax cuts and the cumulative weight of the Fed’s own interest rate ...

Next generation of biotech food heading for grocery stores

WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA ...

Juul halts store sales of some flavored e-cigarettes

NEW YORK — The nation’s leading e-cigarette maker is halting store sales of some flavors to deter use by kids. The move by Juul Labs Inc. comes ahead of an expected U.S. government crackdown on underage sales of flavored e-cigarettes. Juul said it stopped filling store orders Tuesday ...

Small businesses band together for Small Business Saturday

the associated press NEW YORK — Many small and independent retailers who are holding Small Business Saturday shopping events Thanksgiving weekend are banding together with others, believing that there’s strength in numbers. Small Business Saturday, started in 2010 to encourage consumers ...

Travelers can find tools to weigh safety of foreign airlines

THE ASSOCIATED PRESS International air travel has become remarkably safe in recent years, with deadly accidents like last month’s Lion Air crash in Indonesia becoming more rare. Statistics aside, the accident is making travelers wary of flying in some countries or on certain foreign ...

Pabst says MillerCoors is trying to put it out of business

MILWAUKEE — Pabst Brewing Company and MillerCoors are going to trial, with hipster favorite Pabst contending that MillerCoors wants to put it out of business by ending a longstanding partnership through which it brews Pabst’s beers. The case has high stakes for Pabst, whose lawyers argue ...

How military service impacts student loan repayment options

If you’re a veteran with student debt, you have repayment rights unique to military service members that can keep you on track and out of default. Federal student loan default occurs after nine months without a payment. Late notices turn into collection calls, and your creditor - the ...

Ford buys scooter company to provide customers a first-last mile solution

DEARBORN, Mich.— The number of mobility options available to people has risen dramatically in recent years. In some situations, people use multiple forms of transportation during a single trip. The fast-paced, often experimental mobility sector requires businesses to keep up with agile and ...