Business News

In this Wednesday, Nov. 15, 2017, photo, Brad Sippy, chief executive officer of Tremeau Pharmaceuticals, Inc., stands for a portrait in Cambridge, Mass. Tremeau Pharmaceuticals, Inc., is a small startup trying to bring the recalled painkiller Vioxx back to the market. They are seeking FDA approval for patients with hemophilia with severe pain, but once on the market, doctors could go back to prescribing it to anyone with pain. (AP Photo/Steven Senne)
November 21, 2017 - 7:44 am
TRENTON, N.J. (AP) — Could there be a second life for the once-popular arthritis pill Vioxx? A startup pharmaceutical company hopes so. Merck & Co. voluntarily pulled the blockbuster drug in 2004 amid evidence that it doubled the chances of having a heart attack or stroke. Now tiny Tremeau...
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People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Nov. 21, 2017. Shares are higher in Asia after Wall Street regained lost ground overnight. Japan’s benchmark rebounded as the yen held steady against the dollar. (AP Photo/Eugene Hoshiko)
November 21, 2017 - 7:02 am
LONDON (AP) — European stock markets pushed higher Tuesday as investors brushed aside concerns over the political uncertainty in Germany following an upbeat session in Asia where Hong Kong's main index enjoyed its biggest advance in nearly two months. KEEPING SCORE: In Europe, Germany's DAX was up...
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FILE - In this Thursday, Oct. 19, 2017 file photo, British Prime Minister Theresa May speaks with the media as she arrives for an EU summit in Brussels on European Union leaders are gathering for a two day summit. British media reports said Tuesday Nov. 21, 2017, the U.K. is planning to offer more money to settle its "Brexit bill" with the European Union _ but only if the EU agrees to start discussing a future free-trade deal. The bill is a key sticking point in divorce negotiations. (AP Photo/Geert Vanden Wijngaert, File)
November 21, 2017 - 6:04 am
LONDON (AP) — Britain is reportedly planning to offer more money to settle its bill with the European Union in a bid to unblock stalled Brexit negotiations — but only if the EU agrees to start discussing a future free-trade deal. The size of the bill, covering commitments Britain has made while an...
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People watch a TV screen showing file footage of North Korea's missile launch at Seoul Railway Station in Seoul, South Korea, Tuesday, Nov. 21, 2017. U.S. President Donald Trump announced Monday the U.S. is putting North Korea's "murderous regime" on America's terrorism blacklist, despite questions about Pyongyang's support for international attacks beyond the assassination of its leader's half brother in February. (AP Photo/Ahn Young-joon)
November 21, 2017 - 5:52 am
WASHINGTON (AP) — The Latest on the U.S. declaration of North Korea as a state sponsor of terrorism (all times local): 6:40 a.m. The Chinese government has said it hopes countries would do more to bring North Korea and others back to talks instead of making tensions worse. Chinese Foreign Ministry...
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FILE - In this file photo taken Monday, Dec. 19, 2011, North Korean officials wait for passengers to board an Air China flight at Pyongyang airport in Pyongyang, North Korea. State-owned airline Air China suspended flights Tuesday between Beijing and North Korea due to a lack of demand, deepening the North's isolation amid mounting U.N. sanctions over its nuclear and missile programs.(AP Photo/ Greg Baker, File)
November 21, 2017 - 5:03 am
BEIJING (AP) — State-owned airline Air China suspended flights Tuesday between Beijing and North Korea due to a lack of demand, deepening the North's isolation amid mounting U.N. sanctions over its nuclear and missile programs. The move followed U.S. President Donald Trump's decision to add...
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November 21, 2017 - 4:36 am
LISBON, Portugal (AP) — Officials in Portugal say they may begin rationing the public water supply at night-time in response to the country's worst drought on record. Authorities say 94 percent of the Portuguese mainland is enduring what they classify as an "extreme" drought. Environment secretary...
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November 21, 2017 - 3:33 am
BRUSSELS (AP) — The European Union has slapped a travel ban and asset freeze on the top official in the city of Sevastopol, which Russia annexed along with Ukraine's Crimean Peninsula in 2014. The EU said Tuesday that Dmitry Vladimirovich Ovsyannikov was added to a list of those accused of "actions...
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November 20, 2017 - 10:00 pm
NEW YORK (AP) — For the second time in two years, federal prosecutors have charged foreign businessmen with paying millions of dollars in bribes to secure business deals, with one of the schemes relying on gifts paid to a former president of the United Nations General Assembly. Dr. Chi Ping Patrick...
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People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Nov. 21, 2017. Shares are higher in Asia after Wall Street regained lost ground overnight. Japan’s benchmark rebounded as the yen held steady against the dollar. (AP Photo/Eugene Hoshiko)
November 20, 2017 - 9:51 pm
TOKYO (AP) — Asian shares edged mostly higher Tuesday after Wall Street regained lost ground overnight amid subdued trading ahead of the Thanksgiving holiday. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1 percent to 22,488.38 in morning trading, while the Kospi in South Korea added 0.1 percent...
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FILE - In this Wednesday, Dec. 7, 2016, file photo, AT&T Chairman and CEO Randall Stephenson, left, testifies on Capitol Hill in Washington, before a Senate Judiciary subcommittee hearing on the proposed merger between AT&T and Time Warner, as Time Warner Chairman and CEO Jeffrey Bewkes listens at right. The Justice Department intends to sue AT&T to stop its $85 billion purchase of Time Warner, according to a person familiar with the matter who was not authorized to discuss the matter ahead of the suit's official filing. (AP Photo/Evan Vucci, File)
November 20, 2017 - 7:16 pm
NEW YORK (AP) — The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. It could also create a new headache for President Donald Trump, whose public statements have raised suspicions that he might...
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