Business

Business

Intel CEO out after consensual relationship with employee

Intel CEO Resigns

NEW YORK (AP) — Intel CEO Brian Krzanich resigned after the company learned of what it called a past, consensual relationship with an employee. Intel said Thursday that the relationship was in violation of the company’s non-fraternization policy, which applies to all managers. Spokesman William...


Auto

Chevrolet goes after Jeep Grand Cherokee with new Blazer

General Motors New SUV

DETROIT (AP) — Because these days you can’t have too many SUVs, General Motors is bringing back the Chevrolet Blazer. Only this time it’s not a thirsty and boxy truck like its predecessor, one of the original SUVs that was sold from the 1982 through 2005 model years. SUVs based on car underpinnings,...


Business

OPEC enters meeting that could set direction of oil prices

OPEC Meeting

Officials from major oil-producing nations are expected to agree this week to boost output, but just how much they will open the spigot — and the effect on oil prices — remain wild cards. Ministers from the Organization of the Petroleum Exporting Countries and non-OPEC nations led by Russia are...


National Business

Fed finds biggest US banks strong enough to survive shock

Fed Bank Stress Tests

WASHINGTON (AP) — The Federal Reserve says that all of the 35 largest U.S. banks are fortified enough to survive an economic shock and keep on lending. Banks’ hypothetical losses from credit cards increased in the latest “stress tests,” however. The first round of the central bank’s annual stress...


Business

High Court: Online shoppers can be forced to pay sales tax

Supreme Court Sales Tax

WASHINGTON (AP) — States will be able to force more people to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states. Consumers can expect to see sales tax charged on more online...


Business

What's that extra in my online cart? Soon, maybe a sales tax

Supreme Court Sales Tax

NEW YORK (AP) — Attention shoppers: You may soon be paying more taxes on what you put in your online cart. The Supreme Court ruled Thursday that states can require online retailers to collect sales tax on purchases that come from states where they don’t have any shops, offices or warehouses. Before...


National

Asian stocks down as multiple trade disputes worry investors

China Financial Markets-1

SEOUL, South Korea (AP) — Asian stocks fell Friday following Wall Street losses overnight as investors were still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs. KEEPING SCORE: Japan’s Nikkei 225 lost 0.9 percent...


Business

California utility expects to pay $2.5 billion for wildfires

Northern California Wildfires Utility

SAN FRANCISCO (AP) — A Northern California utility said Thursday it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October — some of them ignited by its fallen power lines. Pacific Gas & Electric Co. also warned that its liability...


Business

AP Top Business News at 11:44 p.m. EDT

Trump jabbed first, and now world hits back in trade fight Asian stocks down as multiple trade disputes worry investors High Court: Online shoppers can be forced to pay sales tax What’s that extra in my online cart? Soon, maybe a sales tax Eurozone gets deal to pave way for end to Greece’s bailout...


National

Lawmakers seek investigation of Interior boss' land deal

Interior Secretary Halliburton

BILLINGS, Mont. (AP) — Democratic lawmakers called for an investigation Thursday into U.S. Interior Secretary Ryan Zinke’s involvement in a land deal with the chairman of an energy services company that does business with his agency. A foundation created by Zinke and run by his wife, Lola, has been...


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