Business

June 17, 2019 - 1:04 pm

US stocks edge higher after 2 weeks of gains

NEW YORK (AP) — U.S. stocks edged higher in afternoon trading on Wall Street Monday following two weeks of gains. Trading remained choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth. Technology companies were among the early gainers...
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An Airbus A 350 - 1000 performs his demonstration flight at Paris Air Show, in Le Bourget, east of Paris, France, Monday, June 17, 2019. The world's aviation elite are gathering at the Paris Air Show with safety concerns on many minds after two crashes of the popular Boeing 737 Max. (AP Photo/Michel Euler)
June 17, 2019 - 11:59 am

The Latest: Airbus is ready for autonomous planes; are you?

LE BOURGET, France (AP) — The Latest on the Paris Air Show (all times local): 7 p.m. The chief salesman for Airbus says his company already has the technology to fly passenger planes without pilots at all — and is working on winning over regulators and travelers to the idea. Christian Scherer also...
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FILE - In this April 4, 2016 file photo, CNN anchor Anderson Cooper and Gloria Vanderbilt attend the premiere of "Nothing Left Unsaid" at the Time Warner Center in New York. Vanderbilt, the "poor little rich girl" heiress at the center of a scandalous custody battle of the 1930s and the designer jeans queen of the 1970s and '80s, died on Monday, June 17, 2019, at 95, according to her son, Cooper. (Photo by Charles Sykes/Invision/AP, File)
June 17, 2019 - 11:57 am

Gloria Vanderbilt, heiress, jeans queen, dies at 95

NEW YORK (AP) — Gloria Vanderbilt, the intrepid heiress, artist and romantic who began her extraordinary life as the "poor little rich girl" of the Great Depression, survived family tragedy and multiple marriages and reigned during the 1970s and '80s as a designer jeans pioneer, died Monday at the...
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June 17, 2019 - 10:59 am

Shell fined for explosions, gas leak at Dutch chemical plant

THE HAGUE, Netherlands (AP) — A Dutch court has fined oil giant Shell 2.5 million euros ($2.8 million) for breaching Dutch labor and environmental laws in a case linked to two explosions and a gas leak at a chemical plant south of Rotterdam. The East Brabant court ruled Monday that Shell did not...
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FILE - In this June 4, 2019, file photo Federal Reserve Chairman Jerome Powell speaks at a conference involving its review of its interest-rate policy strategy and communications in Chicago. On Wednesday, June 19, the Federal Reserve releases its latest monetary policy statement and updated economic projections. (AP Photo/Kiichiro Sato, File)
June 17, 2019 - 10:59 am

Fed likely to leave rates alone but signal readiness to cut

WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably not quite yet, though. When the Fed issues a policy statement Wednesday and Powell holds a news conference...
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Huawei founder Ren Zhengfei speaks at a roundtable at the telecom giant's headquarters in Shenzhen in southern China on Monday, June 17, 2019. Huawei's founder has likened his company to a badly damaged plane and says revenues will be $30 billion less than forecast over the next two years. (AP Photo/Dake Kang)
June 17, 2019 - 10:56 am

Huawei says US sanctions will cost it billions in revenue

SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S. government actions against it. "We never thought that the U.S.'s...
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FILE - In this Tuesday April 23, 2019 file photo, climate change protesters march along Whitehall toward parliament, in London. Britain's prime minister has announced plans to eliminate the country's net contribution to climate change by 2050. Theresa May said the plan will be put before Parliament Wednesday, June 12. She says the amendment to the 2008 Climate Change Act will intensify Britain's push to drastically reduce carbon emissions because "standing by is not an option." (AP Photo/Matt Dunham, file)
June 17, 2019 - 9:59 am

Climate talks held as Arctic ice melts, concerns grow

BERLIN (AP) — Diplomats and climate experts gathered Monday in Germany for U.N.-hosted talks on climate change amid growing public pressure for governments to act faster against global warming. Officials meeting in the western city of Bonn for the June 17-27 talks are focusing on resolving issues...
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Alpha jets from the French Air Force Patrouille de France fly during the inauguration the 53rd International Paris Air Show at Le Bourget Airport near Paris, France, Monday June 17, 2019. The world's aviation elite are gathering at the Paris Air Show with safety concerns on many minds after two crashes of the popular Boeing 737 Max. (Benoit Tessier/Pool via AP)
June 17, 2019 - 9:05 am

Boeing apologizes for Max crashes as Airbus rakes in sales

LE BOURGET, France (AP) — Boeing executives apologized Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the U.S. plane maker struggles to regain the trust of regulators, pilots and the global traveling public. Some victims' families welcomed Boeing's...
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June 17, 2019 - 8:29 am

BidFair USA taking Sotheby's private in deal worth $3.7B

NEW YORK (AP) — BidFair USA is taking auction house Sotheby's private in a deal valued at $3.7 billion. BidFair USA will pay $57 per share, which is a 61% premium to the company's Friday closing stock price. BidFair USA is owned by media and telecom entrepreneur and art collector Patrick Drahi. He...
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Conservative party leadership contender Boris Johnson leaves his home in London, Monday June 17, 2019. Candidates seeking to beat Boris Johnson and become Britain's next prime minister accused the Brexit-backing front runner of trying to avoid scrutiny after he refused to take part in a televised debate alongside his five rivals Sunday. (Jonathan Brady/PA via AP)
June 17, 2019 - 8:23 am

UK Conservative hopefuls fight for No 2 spot against Johnson

LONDON (AP) — Contenders for leadership in Britain's Conservative Party jostled for attention Monday as the race narrowed into a contest to seize the mantle of challenger to front-runner Boris Johnson. With Johnson solidly ahead after winning 114 of the 313 votes in first-round voting among party...
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