Business News

February 20, 2018 - 8:04 am
WASHINGTON (AP) — The Trump administration is clearing the way for a lower-cost alternative to comprehensive medical insurance plans sold under former President Barack Obama's health care law. Proposed regulations out Tuesday from the Health and Human Services department allow health insurers to...
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FILE -- In this Nov. 1, 2015 file photo provided by Russian Emergency Situations Ministry, Egyptian military approach a plane's tail at the wreckage of a passenger jet bound for St. Petersburg in Russia that crashed in Hassana, Egypt. Cairo airport officials said Tuesday Feb. 20, 2018, that the planned resumption of Russian flights to Egypt, has been postponed until April, citing delays in reopening offices of the two countries' national airlines. (Maxim Grigoriev/Russian Ministry for Emergency Situations via AP, File)
February 20, 2018 - 8:03 am
CAIRO (AP) — The planned resumption of Russian flights to Egypt over two years after they were banned by Moscow over security concerns has been postponed until April, Cairo airport officials said Tuesday, citing delays in booking procedures and the reopening of offices of the countries' national...
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FILE - In this Nov. 2, 2011, file photo, a sign sits atop the Qualcomm headquarters building in San Diego. Qualcomm is raising its takeover bid for NXP Semiconductors by nearly 16 percent to about $43.22 billion, citing in part NXP's strong results since the companies first announced their merger in October 2016. The move announced Tuesday, Feb. 20, 208, comes as Qualcomm itself is in the crosshairs of Broadcom Ltd., which earlier this month raised its own cash and stock bid for Qualcomm to $121 billion. (AP Photo/Gregory Bull, File)
February 20, 2018 - 7:59 am
Qualcomm is raising its takeover bid for NXP Semiconductors by nearly 16 percent to about $43.22 billion, citing in part NXP's strong results since the companies first announced their merger in October 2016. The move announced Tuesday comes as Qualcomm itself is in the crosshairs of Broadcom Ltd.,...
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FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
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FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - This Oct. 21, 2016 file photo shows a Rite Aid location in Philadelphia. The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for every 10 shares of Rite Aid. A deal value was not disclosed in a statement released Tuesday, Feb. 20, 2018, by the companies. (AP Photo/Matt Rourke)
February 20, 2018 - 7:45 am
The privately held owner of Safeway, Vons and other grocery brands is plunging deeper into the pharmacy business with a deal to buy Rite Aid, the nation's third-largest drugstore chain. Albertsons Companies is offering either a share of its stock and $1.83 in cash or slightly more than a share for...
Read More
FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
February 20, 2018 - 6:41 am
NEW YORK (AP) — A strong home-improvement market pushed Home Depot's profit higher in the fourth quarter, topping expectations. The Atlanta company's profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69...
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February 20, 2018 - 6:34 am
BERLIN (AP) — A German newspaper reports the European Union is drawing up a list of U.S. products to target — including orange juice and Kentucky bourbon — if Washington restricts imports of aluminum and steel. The U.S. Commerce Department last week urged President Donald Trump to impose tariffs or...
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FILE - In this Sunday, July 13, 2007 file photo, Governor of the Bank of Latvia Ilmars Rimsevics speaks during an interview with The Associated Press in Riga, Latvia. Latvia's state broadcaster said Saturday Feb. 18, 2018, that the national anti-corruption agency raided the office and a property of the head of the country's central bank, Ilmars Rimsevics. (AP Photo/Roman Koksarov, File)
February 20, 2018 - 5:38 am
RIGA, Latvia (AP) — The head of Latvia's central bank says he will not resign following an investigation into suspected bribery and an Associated Press report on allegations that he sought bribes from a local bank. Ilmars Rimsevics, who is also on the European Central Bank's top policymaking...
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