Business News

Prominent Bosnian Serb businessman killed in ambush

SARAJEVO, Bosnia-Herzegovina (AP) — A prominent Bosnian Serb businessman has died in what local media have described as a mafia-style execution. Slavisa Krunic, who owns several businesses including a private security firm, was killed in his vehicle late Monday as he approached his family home outside the northern Bosnian city of Banja Luka. Krunic is…

UK's May under fire as Parliament returns from Brexit break

LONDON (AP) — British Prime Minister Theresa May faced renewed pressure Tuesday from her restive Conservative Party to resign as lawmakers returned to Parliament — and to Brexit wrangling — after an 11-day Easter break. Britain's European Union exit, long scheduled to take place last month, has been delayed as the government tries to win…

China lashes out at US over Iran oil sanctions move

BEIJING (AP) — Beijing on Tuesday again lashed out at a U.S. decision to impose sanctions on countries that buy Iranian oil, calling it a violation of China's interests that will intensify turmoil in the Middle East and international energy markets. Foreign ministry spokesman Geng Shuang said the U.S. is operating outside its jurisdiction in…

World stocks mixed, oil soars on Iran sanctions fears

SINGAPORE (AP) — World stocks were mixed on Tuesday ahead of the release of U.S. housing data and more earnings reports. Oil prices soared to their highest level since October on supply fears, after the Trump administration said it would soon impose sanctions on all buyers of Iranian oil. Markets across Europe reopened after the…

Argentines return to Europe to escape economic uncertainty

BUENOS AIRES, Argentina (AP) — Tomas Ruiz embraced his father one last time at the Buenos Aires airport before he boarded a plane in search of a new life in Ireland. His sister recently did the same when she moved to Spain. Like many other young Argentines, the siblings hold European passports by descent, and…

A Trump Fed choice steps aside, and another faces new doubts

WASHINGTON (AP) — President Donald Trump's efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed's board withdrawing from consideration and another being enveloped by fresh doubts. Herman Cain, a former CEO of Godfather's Pizza, asked to be taken out of the running for an influential post…

California utility seeks higher rates for wildfire safety

SACRAMENTO, Calif. (AP) — California utility Pacific Gas & Electric Corp. is asking state regulators for another increase in rates and profits, saying it's needed for wildfire safety and to attract investment as the utility goes through bankruptcy. The Sacramento Bee reports Monday that the request and a previous one could result in average PG&E…

Asian stocks mixed, oil soars on Iran sanctions worries

SINGAPORE (AP) — Asian stocks were mixed on Tuesday while oil prices soared to their highest level since October after the U.S. said it would soon impose sanctions on all buyers of Iranian oil. Japan's Nikkei 225 index lost 0.2% to 22,165.41. The Kospi in South Korea was less than 0.1% higher at 2,217.31 while…

Surveillance clips show Chinese billionaire with accuser

MINNEAPOLIS (AP) — An attorney for JD.com founder Richard Liu said Monday that surveillance video showing the Chinese businessman in an elevator and walking arm-in-arm with a woman who has accused him of rape provides a different account of what happened that night. Two edited videos of Liu and his accuser were posted Monday to…

California bill encourages banks to work with pot businesses

LOS ANGELES (AP) — California legislators considered a plan Monday intended to encourage more banks to do business with marijuana companies that have been frozen out of thousands of financial institutions. Most Americans live in states where marijuana is legally available in some form. But most financial institutions don't want anything to do with money…