Business News

FILE - In this May 8, 2017 photo steel pipes for the North Stream 2 pipeline are stacked in Mukran harbour in Sassnitz, Germany. American officials say a pipeline project between Russia and Germany risks triggering U.S. sanctions because of security concerns. Senior State Department diplomat Sandra Oudkirk says the United States opposes the Nord Stream 2 gas pipeline because it could increase Russia's "malign influence" in Europe. (Stefan Sauer/dpa via AP, file)
May 17, 2018 - 8:57 am
MUKRAN, Germany (AP) — Sparks fly and machines whir as workers busily prepare thousands of steel pipes that will become part of a vast undersea pipeline bringing gas from Russia to Germany's northeastern Baltic coast. The Nord Stream 2 project will double the amount of natural gas Russia can funnel...
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May 17, 2018 - 8:15 am
CINCINNATI (AP) — Kroger is upping its investment in the British online grocer Ocado as it fends off Amazon.com and other online threats to traditional grocers. Kroger said Thursday that the subscription rights agreement will give it access to Ocado's online ordering, automated fulfillment and home...
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May 17, 2018 - 8:13 am
CARLSBAD, N.M. (AP) — An autopsy report says the three people who were killed in a tank battery explosion near Carlsbad last year died of fatal burns. The Carlsbad Current-Argus reports documents by the New Mexico Office of the Medical Investigator released this week say the surface area of the...
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May 17, 2018 - 7:38 am
TOKYO (AP) — Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including a final one it was awaiting from China. Toshiba said Thursday that means the deal,...
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In this Saturday, May 12, 2018 picture, migrants eat lunch in the abandoned building of a former hotel in the western Bosnian town of Bihac, Bosnia. A senior European human rights official has urged Bosnia to improve its assistance to migrants, as the war-scarred country struggles to cope with a growing influx of people trying to reach Western Europe. (AP Photo/Amel Emric)
May 17, 2018 - 7:34 am
SARAJEVO, Bosnia-Herzegovina (AP) — Bosnia police will increase patrols along its borders with Serbia and Montenegro to prevent a growing influx of migrants illegally trying to reach Western Europe, a top official said Thursday. Migrants have recently turned to Bosnia to avoid more heavy guarded...
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In this Wednesday, May 16, 2018, photo, the JC Penney logo is seen hanging outside the Manhattan mall in New York. J.C. Penney Co. reports earnings on Thursday, May 17. (AP Photo/Mary Altaffer)
May 17, 2018 - 7:34 am
NEW YORK (AP) — J.C. Penney cut its outlook for the year as it trims costs to help offset declining revenue. The company's first-quarter loss is along the lines of what analysts had expected, and revenue topped expectations. But its outlook for the year is short of most projections. Shares slid 11...
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Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, May 17, 2018. Asian stocks were mixed on Thursday after strong factory data from the U.S. helped spur gains overnight on Wall Street.(AP Photo/Ahn Young-joon)
May 17, 2018 - 6:52 am
LONDON (AP) — European stocks brushed aside earlier losses in Asia to rise solidly Thursday with oil companies in demand as the international measure of oil struck its highest level in three-and-a-half years after French oil giant Total threatened to pull out of Iran. KEEPING SCORE: In Europe,...
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A Chinese microchip is seen through a microscope set up at the booth for the state-controlled Tsinghua Unigroup project which is driving China's semiconductor ambitions during the 21st China Beijing International High-tech Expo in Beijing, China, Thursday, May 17, 2018. The Trump administration has threatened to impose tariffs on up to $150 billion in Chinese imports to punish Beijing over trade practices requiring American companies to hand over technology in exchange for access to the Chinese market. China has counterpunched by targeting $50 billion in U.S. products. (AP Photo/Ng Han Guan)
May 17, 2018 - 6:42 am
HONG KONG (AP) — China said Thursday it doesn't want to see increased trade tensions with the U.S. as the two countries hold talks in Washington this week, but it's prepared for any outcome and will defend its own interests. The comments by a Chinese Commerce Ministry spokesman came after President...
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May 17, 2018 - 5:03 am
COPENHAGEN, Denmark (AP) — Denmark says online room-rental platform Airbnb will start to automatically report its users' deals to taxation authorities, the first country to do so. Taxation minister Carsten Lauritzen says Airbnb "has committed to report data so their hosts pay taxes." He says Airbnb...
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May 17, 2018 - 4:57 am
VATICAN CITY (AP) — The Vatican is denouncing offshore tax havens and financial instruments such as derivatives and credit default swaps as gravely immoral and unjust, calling them "ticking time bombs" that hurt the world's poor the most. In a new document released Thursday, the Vatican's doctrine...
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