Business News

Stocks surge on earnings and economic data; Dow climbs 500

NEW YORK (AP) — World stock markets are rallying Tuesday, and U.S. stocks are on track for their second-largest gain in 2018 following strong earnings reports from major U.S. companies in finance and health care. Technology companies are also rising after their recent slump. The Dow Jones Industrial Average rose as much as 502 points.…

Markets Right Now: Stocks surge on Wall Street, Dow up 500

NEW YORK (AP) — The latest on developments in financial markets (all times local): 2:36 p.m. Stocks are surging on Wall Street, clawing back some of the ground lost last week, after several big U.S. companies reported standout results. Major U.S. indexes were up about 2 percent in afternoon trading Tuesday, putting them on track…

EU official urges Britain's May to get creative on Brexit

LUXEMBOURG (AP) — The European Union largely abandoned hope of clinching a Brexit deal this month and a top EU official implored British Prime Minister Theresa May on Tuesday to come up with "a new method of thinking" on the Irish border issue that has stumped negotiators for over a year. With the leaders of…

Google to charge for apps on Android phones in Europe

LONDON (AP) — Google says it will start charging smartphone makers to pre-install apps like Gmail, YouTube and Google Maps on Android handsets sold in Europe, in response to a record $5 billion EU antitrust fine. The U.S. tech company's announcement Tuesday is a change from its previous business model, in which it let phone…

Prosecution: 2 workers obstructed inquiry into slide death

KANSAS CITY, Kan. (AP) — Prosecutors say two maintenance workers at a Kansas water park where a 10-year-old boy was decapitated on a waterslide deliberately mislead investigators as their criminal trial began. The Kansas City Star reports that attorneys for David Hughes and John Zalsman countered Tuesday that the Kansas Attorney General's Office misunderstood how…

As an oil giant, Saudi threats against US loom large

DALLAS (AP) — Saudi Arabia's status as the biggest oil exporter gives it the power to jolt the global economy — if it wants. That was the kingdom's message when it warned Washington and President Donald Trump against imposing sanctions over the disappearance of Saudi journalist Jamal Khashoggi, a U.S. resident. Trump, who bragged at…

Can Pinterest succeed as the 'un'-social network?

NEW YORK (AP) — If Instagram is the dream vacation you'll never go on and Facebook is Thanksgiving with too many relatives arguing over politics, Pinterest is sitting on the couch by yourself, watching a home-improvement show and absent-mindedly flipping through an old issue of Gourmet magazine. Pinterest has long shunned being labeled a social…

Police head challenges part of report on Starbucks arrests

PHILADELPHIA (AP) — The city police commissioner has taken issue with part of a panel's review of the high-profile arrests of two black men at a Starbucks coffee shop, rejecting its broader conclusion that racism drives contact between citizens and police. The review of the April arrests at the downtown coffee shop concluded that racial…