Money & Markets

Breast implant recalled after link to more rare cancer cases

WASHINGTON — Breast implant maker Allergan Inc. issued a worldwide recall Wednesday for certain textured models after regulators alerted the company to a heightened cancer risk with the devices. The U.S. Food and Drug Administration said it called for the removal after new information ...

US economy dodges the threat of painful spending cuts

WASHINGTON — The budget agreement that congressional leaders and President Donald Trump forged late Monday lifted a big potential drag on the U.S. economy for this year and next. Under the agreement, the economy was spared from a series of deep spending cuts that were set to take effect ...

Deal sealed on federal budget, ensuring no shutdown

WASHINGTON — President Donald Trump and congressional leaders announced Monday they had struck a critical debt and budget agreement. The deal amounts to an against-the-odds victory for Washington pragmatists seeking to avoid politically dangerous tumult over the possibility of a government ...

US hotels caught in fight over housing detained migrants

DETROIT — There’s a new target in the clash over immigration: hotels. Advocacy groups and unions are pressuring Marriott, MGM and others not to house migrants who have been arrested by Immigration and Customs Enforcement officers. For decades, the U.S. government has occasionally ...

Appeals court upholds Trump move to drop mine pollution rule

BILLINGS, Mont. — A U.S. appeals court panel sided with the Trump administration Friday in a mining pollution dispute, ruling that state and federal programs already in place ensure that companies take financial responsibility for future cleanups. The ruling came after the administration ...

As housing market wavers, brokers strategize to get buyers

NEW YORK — The persistently slow housing market has Debra Goodwin creating cooking videos to try to sell a house. Glenn Phillips finds himself explaining to sellers the reasons why they might have to take a loss on their homes. Real estate agents have developed new strategies as they contend ...

Do you need a Roth 401(K)?

If you are saving for retirement, you probably know about the 401(k) and the Roth IRA too. But are you familiar with a Roth 401(k)? It’s a bit of a mashup — a Roth product available through your traditional 401(k). It allows people to save after-tax money through their workplace plan that ...

Netflix’s subscriber growth tapers off in 2Q, stock tanks

SAN FRANCISCO — Netflix’s video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers for ...

Sex tech in, skimpy outfits out as CES show seeks diversity

NEW YORK — The CES gadget show is cracking down on its dress code, introducing more sessions focused on women and minorities and creating a new “sex tech” category after a debacle over a robotic personal massager for women. The Consumer Technology Association, the trade group that ...

Protests spark over construction of telescope in Hawaii

MAUNA KEA, Hawaii — Singing, chanting and lying on the ground in the road, hundreds of people demonstrated on Monday against the construction of a giant telescope on a mountaintop that some Native Hawaiians consider sacred. The protests were the latest salvo in a yearslong fight that pits ...

American Airlines extends Boeing plane flight cancellations

WASHINGTON — American Airlines said Sunday that it will keep the Boeing 737 Max plane off its schedule until Nov. 3, which is two months longer than it had planned. In a statement, American said the action will result in the cancellation of about 115 flights per day. It said it “remains ...

Acosta exits; Trump’s big Cabinet turnover keeps growing

WASHINGTON — Adding to the lengthy list of departures from President Donald Trump’s Cabinet, Labor Secretary Alexander Acosta said Friday he’s stepping down amid the tumult over his handling of a 2008 secret plea deal with wealthy financier Jeffrey Epstein, who is accused of sexually ...

One reason for a Fed cut: Powell now fears too-low inflation

WASHINGTON — In a shift from just a few months ago, Federal Reserve Chairman Jerome Powell is worried that too-low inflation could persist for a while — and undercut the U.S. economy. Powell’s concern is a key reason why the Fed will likely cut short-term interest rates late this month ...

Report: PG&E ignored repairs on aging power lines

SAN FRANCISCO — Pacific Gas & Electric, which is blamed for some of California’s deadliest recent fires, knew for years that dozens of its aging power lines posed a wildfire threat but avoided replacing or repairing them, it was reported Wednesday. The Wall Street Journal, using ...

Validity of Obama health care law at issue in appeal hearing

NEW ORLEANS — With health insurance availability for millions of Americans on the line, supporters of President Barack Obama’s signature health care law asked a federal appeals court Tuesday to conclude that the law is still valid even though Congress eliminated a tax it imposed on people ...

Activists worry about potential abuse of face scans for ICE

BOSTON — Civil rights activists complained Monday of the potential for widespread abuse following confirmation that at least three states have scanned millions of driver’s license photos on behalf of Immigration and Customs Enforcement without the drivers’ knowledge or consent. Public ...

Congress has ambitious agenda tackling health care costs

WASHINGTON — Lawmakers are trying to set aside their irreconcilable differences over the Obama-era Affordable Care Act and work to reach bipartisan agreement on a more immediate health care issue, lowering costs for people who already have coverage. Returning from their Fourth of July ...

US adds solid 224,000 jobs, making Fed rate cut less certain

WASHINGTON — U.S. employers sharply stepped up their hiring in June, adding a robust 224,000 jobs, an indication of the economy’s durability after more than a decade of expansion. The strength of the jobs report the government issued Friday could complicate a decision for the Federal ...

Arizona governor yanks Nike grant over flag shoe flap

PHOENIX — Arizona Gov. Doug Ducey said Tuesday that Nike cannot get state money for a planned factory in a Phoenix suburb after the athletic company pulled an American flag-themed shoe from the market. It was not immediately clear if the move, which Ducey announced on Twitter at 2 a.m., ...

Iran breaches uranium stockpile limit set by nuclear deal

TEHRAN, Iran — Iran has broken the limit set on its stockpile of low-enriched uranium by its 2015 nuclear deal with world powers, international inspectors and Tehran said Monday, marking its first major departure from the unraveling agreement a year after the U.S. unilaterally withdrew from ...