Business News

Three Mile Island Nuclear Power Plant Officially…

The plant's owner announced it would close after trying and failing to receive subsidies from Pennsylvania's government.

South Korea confirms 4th swine fever case in a week

South Korea's African swine fever crisis is intensifying with lab tests confirming the fourth case in a week from a farm near its border with North Korea

China central bank says no plans for big economic stimulus

China's central banker: Policy will be 'stable and healthy,' suggesting no plans to join US, Europe in rate cut

Asian shares edge higher as China-US trade talks…

Shares gain in Asia as China-U.S. trade talks slated to resume in 2 weeks

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California utility cuts power to 24,000 customers

Pacific Gas & Electric has shut off power to 24,000 customers in the Sierra Nevada foothills and says it will remain off until dangerous wildfire weather eases

Hundreds of thousands affected as British travel…

The collapse of the 178-year-old British tour operator Thomas Cook has sowed chaos for hundreds of thousands of travelers and businesses around the world, while 21,000 employees are out of work

FAA chief seeks support for agency's review of…

The head of the Federal Aviation Administration is seeking international support for his agency's review of the grounded Boeing 737 Max

Nissan paying $15M, Ghosn $1M to settle US fraud…

Nissan will pay $15 million and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn's retirement benefits from investors.

Apple keeps Mac Pro assembly in Texas after…

Apple to continue assembling Mac Pro computers in Texas after Trump administration relents on China tariffs

Johnson says he'll tell Trump: Hands off UK…

British Prime Minister Boris Johnson says he'll tell President Donald Trump that the U.K.'s state-funded health service will be off the table in any future trade negotiations, and that the U.S. will have to open its markets to British goods

GM strike in 2nd week: Some progress but no end…

The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight

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The Latest: GM says strikers made threats, put nails in road

The Latest: General Motors gets court order barring strikers from making threats, putting nails in road outside factory in Spring Hill, Tennessee

Banker who tipped off dad convicted anew of insider trading

An investment banker whose insider trading conviction was overturned by an appeals court has been convicted again at a second trial

Business Highlights

Emmy Awards viewership plunges to 6.9 million…

The Emmy Awards on Sunday night reached 6.9 million people, by far the smallest audience ever for television's biggest awards show

How major US stock indexes fared Monday

Stocks closed flat on Wall Street Monday, giving up early gains by technology companies and makers of household products

Macron urges French climate protesters to target…

French President Emmanuel Macron has annoyed Poland by urging France's climate activists to move their protests from Paris to the EU nations that is heavily dependent on coal

Perfect storm of change, debt and Brexit sank…

British tour operator Thomas Cook fell victim to multiple setbacks

Markets Right Now: Stocks close flat, giving up early gains

Stocks are closing flat Monday, giving up early gains led by technology companies and makers of household products.

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European Central Bank chief: governments must…

The head of the European Central Bank says the economy in the 19-country eurozone is not showing signs of a rebound and urged governments to help by spending more on top of the central bank's latest package of stimulus measures

Minority women business creation jumps, report says

Minority women are the leading business creators in the U.S., starting firms at a pace more than double that of women business owners overall, and nearly five times the pace of all company owners

Diabetes drug victims demand justice in French…

Victims of a diabetes drug suspected in hundreds of deaths pleaded for justice as a massive trial involving more than 4,000 plaintiffs opened Monday for French pharmaceutical giant Servier Laboratoires and France's medicines watchdog