Business

Shutdown extends into workweek, as Senate talks continue

Budget Battle-3

President Donald Trump’s budget director is holding out hope that feuding Democrats and Republicans...

Business

India, Canada defend free trade as US imposes tariffs

Switzerland Davos Forum

DAVOS, Switzerland (AP) — Just hours after President Donald Trump approved new tariffs on imports, the leaders of Canada and India came out forcefully Tuesday against a drift toward protectionism in the global economy. While Indian Prime Minister Narendra Modi said new barriers to trade could pose...


Business

The Latest: Hundreds protest in Zurich against Davos forum

Switzerland Davos Forum

DAVOS, Switzerland (AP) — The Latest on the World Economic Forum in Davos, Switzerland (all times local): 8:30 p.m. Hundreds of protesters, some with their faces covered, are marching in Switzerland’s largest city to denounce the World Economic Forum and the planned visit of President Donald Trump...


Business

Hope, fear as Puerto Rico moves to privatize power company

Puerto Rico Corruption

SAN JUAN, Puerto Rico (AP) — One of the largest public utilities in the U.S. might soon be up for sale, but many wonder who would want to buy a power company that is $9 billion in debt and has an infrastructure nearly three times older than the industry average. Concerns also are growing about...


Business

Gun industry converges near Las Vegas mass shooting site

Gun Show After Las Vegas

The gun industry is holding its biggest annual trade show this week just a few miles (kilometers) from the site where a gunman slaughtered 58 concertgoers outside his high-rise Las Vegas hotel room in October using a display case worth of weapons, many fitted with bump stocks that enabled them to...


State

Trump's move may nudge holdout GOP states to expand Medicaid

Medicaid Works Requirements

WASHINGTON (AP) — In an ironic twist, the Trump administration’s embrace of work requirements for low-income people on Medicaid is prompting lawmakers in some conservative states to resurrect plans to expand health care for the poor. Trump’s move has been widely criticized as threatening the...


Business

Tech and consumer-focused companies rise; Netflix leaps

Financial Markets Wall Street

NEW YORK (AP) — U.S. stocks are mixed Tuesday as consumer-focused companies like Netflix and Amazon climb while household goods makers including Johnson & Johnson and Procter & Gamble sink following disappointing quarterly reports. Bond yields are down after rising to three-year highs in the last...


Business

Verizon mulls entry to sports gambling as legalization nears

(c) 2018, Bloomberg. Verizon Communications is considering entering the multibillion-dollar market for sports betting, which could become legal in the U.S. before the year is out, according to people familiar with the matter. The New York-based phone giant, which last year bought Yahoo and its...


Business

Verizon sees $4 billion tax-cut boost amid wireless woes

(c) 2018, Bloomberg. Verizon Communications expects a massive windfall from U.S tax cuts to boost 2018 cash flow by $3.5 billion to $4 billion, giving the phone giant a lift during a challenging time. The tax-cut boon helped soften the blow as fourth-quarter earnings missed estimates. The largest U....


Business

Ex-Kellogg workers win appeal on alleged UT religious firing

OGDEN, Utah (AP) — A federal appeals court has ruled in favor of two northern Utah residents who claim they were fired from their jobs at the Kellogg Co. in 2012 because their religious beliefs prevented them from working on Saturdays. Richard Tabura and Guadalupe Diaz argued in their appeal to the...


Business

Kleenex maker slashes up to 13% of jobs as it shutters factories

(c) 2018, Bloomberg. As companies move to boost jobs and pay in the wake of the U.S. tax overhaul, Kimberly-Clark Corp. is going in the opposite direction. The producer of Kleenex tissues and Huggies diapers is cutting 5,000 to 5,500 workers -- or 12 to 13 percent of its headcount -- as part of a...


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