Business

FILE - In this Jan. 14, 2018, file photo Ford President and CEO Jim Hackett prepares to address the media at the North American International Auto Show in Detroit. Ford is cutting about 7,000 white-collar jobs, which would make up 10% of its global workforce. The company has said it was undertaking a major restructuring, and on Monday, May 20, 2019, said that it will have trimmed thousands of jobs by August. In a memo to employees, Monday, Hackett said the fourth wave of the restructuring will start on Tuesday, May 21 with the majority of cuts being finished by May 24. (AP Photo/Carlos Osorio, File)
May 20, 2019 - 10:03 pm
DETROIT (AP) — Ford revealed details of its long-awaited restructuring plan Monday as it prepared for a future of electric and autonomous vehicles by parting ways with 7,000 white-collar workers worldwide, about 10% of its global salaried workforce. The major revamp, which had been under way since...
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A man uses two smartphones at once outside a Huawei store in Beijing Monday, May 20, 2019. Google is assuring users of Huawei smartphones the American company's services still will work on them following U.S. government restrictions on doing business with the Chinese tech giant. (AP Photo/Ng Han Guan)
May 20, 2019 - 7:05 pm
Huawei could quickly lose its grip on the No. 2 ranking in worldwide cellphone sales after Google announced it would comply with U.S. government restrictions meant to punish the Chinese tech powerhouse. The Trump administration's move, which effectively bars U.S. firms from selling components and...
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President Donald Trump speaks to reporters before leaving the White House in Washington, Monday, May 20, 2019, to attend a campaign rally in Montoursville, Pa. (AP Photo/Manuel Balce Ceneta)
May 20, 2019 - 7:05 pm
WASHINGTON (AP) — A federal judge ruled against President Donald Trump on Monday in a financial records dispute with Congress and said lawmakers should get the documents they have subpoenaed. Trump called it a "crazy" decision that his lawyers would appeal. The ruling by U.S. District Judge Amit...
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May 20, 2019 - 7:00 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell...
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In this Wednesday, April 24, 2019, photo, American Airlines aircraft are shown parked at their gates at Miami International Airport in Miami. American Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity. (AP Photo/Wilfredo Lee)
May 20, 2019 - 6:44 pm
FORT WORTH, Texas (AP) — American Airlines is accusing its mechanics and their unions of conducting an illegal work slowdown to gain leverage in contract talks, and the airline is asking a federal judge to stop the activity. The airline says mechanics have caused about 900 cancellations or long...
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Senate Majority Leader Mitch McConnell, R-Ky., listens as Sen. John Barrasso, R-Wyo., speaks during a news conference at the Capitol in Washington, Tuesday, May 14, 2019. (AP Photo/J. Scott Applewhite)
May 20, 2019 - 5:13 pm
WASHINGTON (AP) — Senate Majority Leader Mitch McConnell, whose home state of Kentucky was long one of the nation's leading tobacco producers, introduced bipartisan legislation Monday to raise the minimum age for buying any tobacco products from 18 to 21. The chamber's top Republican, who said he...
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FILE - In this April 12, 2019 file photo, Federal Communications Commission Chairman Ajit Pai speaks during an event with President Donald Trump on the deployment of 5G technology in the United States, in the Roosevelt Room of the White House, in Washington. Pai says he plans to recommend the agency approve the $26.5 billion merger of wireless carriers T-Mobile and Sprint, saying it’ll speed up 5G deployment in the U.S. Pai also said Monday, May 20 that the combination will help bring faster mobile broadband to rural Americans. (AP Photo/Evan Vucci, File)
May 20, 2019 - 5:01 pm
NEW YORK (AP) — A key federal regulator says he backs T-Mobile's $26.5 billion takeover of rival wireless carrier Sprint, a crucial step for the deal's approval. Federal Communications Commission Chairman Ajit Pai said Monday he supported the deal because the two companies promised to expand mobile...
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Travis White, Utah Department of Transportation, Highway Incident Management Team, holds their drone at a drone demo Monday, May 20, 2019, in Park City, Utah. In Utah, drones are hovering near avalanches to watch roaring snow. In North Carolina, they're searching for the nests of endangered birds. In Kansas, they could soon be identifying sick cows through heat signatures. Public transportation agencies are using drones in nearly every state, according to a new survey released on Monday, May 20, 2019 by the American Association of State Highway and Transportation Officials. (AP Photo/Rick Bowmer)
May 20, 2019 - 4:23 pm
SALT LAKE CITY (AP) — In Utah, drones are hovering near avalanches to watch roaring snow. In North Carolina, they're searching for the nests of endangered birds. In Kansas, they could soon be identifying sick cows through heat signatures. Public transportation agencies are using drones in nearly...
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May 20, 2019 - 3:12 pm
WASHINGTON (AP) — The Supreme Court said Monday that a judge must decide whether a dispute between drugmaker Merck and patients who alleged they were injured by its bone-strengthening drug Fosamax can go forward. All nine justices agreed that the case should go back to a lower court for further...
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May 20, 2019 - 12:55 pm
WASHINGTON (AP) — President Donald Trump is insisting he didn't borrow from many banks because he "didn't need the money," not because they wouldn't do business with him. Trump's tweets Monday appear to be in response to New York Times reporting that Deutsche Bank anti-money laundering specialists...
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