Business News

New Amazon lease for NY space renews debate over…

Amazon says it has signed a lease for a new office space in Manhattan to house more than 1,500 employees

PG&E says it has reached $13.5 billion wildfire…

Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence

Venice tide barriers pass another test but…

The underwater barriers meant to protect the Italian city of Venice from damaging high tides are a decade behind schedule and billions over budget

Netflix executive touts 'golden era' of streaming…

An executive with Netflix says the streaming giant has boosted its original content exponentially over the last several years and that will mean more action for its production hub in New Mexico

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Mexico announces its biggest oil discovery in three decades

Mexico says it has made the biggest oil discovery in the country since 1987 at the Quesqui field in the Gulf coast state of Tabasco

FAA seeks to fine Boeing $3.9 million for faulty…

Boeing faces a possible fine of nearly $4 million after safety regulators say the company installed faulty parts on the wings of some Boeing 737 jets

Correction: Uber-Sexual Assaults-Reaction story

In a story December 6, 2019, about Uber's safety report, The Associated Press erroneously reported that the company found that 99

'Mexico, US, Canada trade talks continue in Washington

Mexico’s top trade negotiator has wrapped up an 11-hour meeting with his U

Bipartisan Medicare drug bill gets makeover to lower copays

A bipartisan Senate bill to curb prescription drug costs for Medicare enrollees is getting a makeover that would lower copays and make it easier for seniors to budget

Report: Fire at Texas facility caused by…

Local and federal investigators say a fire at a Houston-area petrochemical storage facility that burned for days in March was accidental and caused by equipment failure at a storage tank

Senators urge Medicare to allow seniors a drug…

Leading senators are urging Medicare to allow seniors concerned about their drug plan pick for next year to switch if they believe they received inaccurate information

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State AGs look to head off T-Mobile-Sprint deal…

T-Mobile is about to face 14 state attorneys general in court in defense of its attempt to buy Sprint for $26

Pork industry sues over California law on animal confinement

The pork industry has challenged the constitutionality of a voter-approved California measure that will prohibit the sale of meat products from hogs born to sows confined in spaces that don't meet new minimum space requirements

Elon Musk cleared of defamation in 'pedo guy…

A Los Angeles jury has found Elon Musk did not defame a British cave explorer when he called him “pedo guy” in an angry tweet

How major US stock indexes fared Friday

Major stock indexes ended a choppy week with solid gains after the government reported that hiring in the U

Lottery group agreed to pay $1.5M more to jackpot winner

A national lottery group agreed to pay $1

Supreme Court temporarily shields Trump bank…

The  Supreme Court on Friday temporarily shielded the bank records of President Donald Trump and three of his children from House Democrats

Court: Landlords can be liable for racially harassed tenants

A federal appeals court says landlords can be held liable in limited circumstances when a tenant racially harasses another tenant

Hungary competition authority fines Facebook $4 million

Hungary's competition authority says it has fined Facebook around $4 million for allegedly misleading its users

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Ulta, ConocoPhillips post gains while Yext, PagerDuty slip

Stocks that moved substantially or traded heavily Friday on Wall Street: Ulta and ConocoPhillips post gains while Yext and PagerDuty slip

Economic adviser: China wants to keep negotiating…

President Donald Trump's economic adviser says he doesn't think China is slow-walking trade talks with the United States to see whether Trump gets reelected

2-year old Arthur becomes star in UK Christmas ad…

Big Christmas ads have become a tradition in Britain — an opportunity usually for much larger companies to pull out all the stops to woo holiday shoppers and stamp their brands on the consumer brain