Business News

Auto Workers Could Strike If Union And GM Can't…

United Auto Workers could call for union members to strike if it can't reach a labor agreement with General Motors by midnight Saturday.

Attack on Saudi oil sites raises risks amid…

A weekend drone attack on Saudi Arabia that halved the kingdom's oil production is now threatening to fuel regional tensions

The Latest: Source: GM offers new products for…

A person briefed on the bargaining tells The Associated Press that General Motors has offered the United Auto Workers to make new products at two assembly plants it had planned to close

NYSE's Betty Liu talks about corporate board diversity

NYSE's Betty Liu talks about a program at the stock exchange to help companies recruit women and minorities to their boards of directors

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Warren has own plan for everything, though not…

She's got a plan for virtually everything, but Warren looks to Bernie on this key issue

AP FACT CHECK: Trump, Dems and their tale of 2…

AP FACT CHECK: Trump and Democrats see a vastly different country and neither account captures the complexity of the times

Estonia plans to restrict govt use of Huawei 5G…

Estonia, which is among Europe's most wired and technologically advanced nations, is set to restrict the use of equipment and technology from Chinese telecom giant Huawei in its government sector, citing security concerns

Climate change protests hit Frankfurt as auto…

Thousands of people are demonstrating in Frankfurt to demand more action against climate change as the German city's auto show opens to the public, with some cycling into the city along highways that were temporarily closed for the occasion

NY finds $1B in hidden transfers by family behind…

New York's attorney general contends in court papers filed Friday that the family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves

States split by party on accepting Purdue Pharma…

The opioid crisis has hit virtually every pocket of the U.S., from rural towns in deeply conservative states to big cities in liberal-leaning ones, but a curious divide has opened up

Strike looms at GM as UAW extends Ford, Fiat…

Leaders of the United Auto Workers union have extended contracts with Ford and Fiat Chrysler indefinitely, but General Motors' pact is still set to expire Saturday night

The Latest: Gary Jones remains head of UAW after board meets

United Auto Workers President Gary Jones remained in power after a meeting of union officials held Friday to discuss UAW business

Disney CEO departs Apple's board with video…

Walt Disney Co

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US fines Japan Airlines $300,000 over long flight delays

The Transportation Department is fining Japan Airlines $300,000 for two cases in which passengers were stuck on grounded planes for more than four hours

Postal Service licked in court fight over stamp…

A federal appeals court in Washington has thrown out a 5-cent hike to the price of a first class "Forever Stamp" along with other adjustments made in January to the price of first-class mail

J.Crew's Madewell brand files for IPO

Madewell, the fast-growing brand owned by J.Crew, has filed to become its own separate public company

Lawmakers ask 4 big tech companies for documents…

Lawmakers investigating the market dominance of Big Tech ask Google, Facebook, Amazon and Apple for a broad range of documents including internal communications.

Business Highlights

PG&E reaches $11B deal with California wildfire…

A group of insurance companies representing claims from 2017 and 2018 Northern California wildfires reached an $11 billion settlement with Pacific Gas & Electric

How major US stock indexes fared Friday

U.S. stock indexes closed mostly lower Friday as a decline in technology stocks offset a strong performance by Wall Street banks

US stock indexes end mixed; S&P 500 notches 3rd…

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower

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WeWork to list shares on Nasdaq, reduce CEO's…

WeWork looks to list shares on Nasdaq and reduce the voting power of co-founder Adam Neumann

US finds contaminant in popular heartburn drug

US Food and Drug Administration probes potentially cancer-causing chemical in popular heartburn drugs

China to lift punitive tariffs on US soybeans…

State news agency says China will lift punitive tariffs on U.S. soybeans, pork in possible goodwill gesture ahead of trade talks