Business

FILE - In this March 21, 2018, file photo member of the board of the German car manufacturer BMW, Oliver Zipse, attends the earnings press conference in Munich, Germany. On Thursday, July 18, 2019, BMW named its top production manager, Zipse, as its next CEO to lead the luxury automaker. (AP Photo/Matthias Schrader, File)
July 18, 2019 - 3:27 pm
FRANKFURT, Germany (AP) — BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis. The company said Thursday that Zipse, 55, would succeed Harald Krueger...
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FILE - This March 28, 2017, file photo, provided by the New York State Sex Offender Registry shows Jeffrey Epstein. A judge denied bail for jailed financier Jeffrey Epstein on sex trafficking charges Thursday, July 18, 2019, saying the danger to the community that would result if the jet-setting defendant was free formed the "heart of this decision." (New York State Sex Offender Registry via AP)
July 18, 2019 - 2:55 pm
NEW YORK (AP) — A judge denied bail for jailed financier Jeffrey Epstein on sex trafficking charges Thursday, saying he poses a danger to the public and might use his "great wealth and vast resources" to flee the country. Epstein, with his hands folded before him, showed no reaction to the...
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FILE - In this July 31, 2018, file photo a Union Pacific train travels through Union, Neb. Union Pacific Corp. reports earnings Thursday, July 18, 2019. (AP Photo/Nati Harnik, File)
July 18, 2019 - 1:33 pm
OMAHA, Neb. (AP) — Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its expenses by 7%. The Omaha, Nebraska-based railroad said Thursday it earned $1.57 billion, or $2.22 per share, in the quarter. That's up from $1.51 billion, or...
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FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, July 18, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/Steve Helber, File)
July 18, 2019 - 1:29 pm
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates soon. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage increased to 3.81...
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Eddie Davis walks past tributes on his way to his son Jeremy's gravestone, who died from the abuse of opioids, Wednesday, July 17, 2019, in Coalton, Ohio. Newly released prescription opioid statistics underscore how widespread pill use has been in towns and small cities of America’s Appalachian region. In Jackson County, an average yearly total of 107 opioid pills for every resident were distributed over a seven-year period. (AP Photo/John Minchillo)
July 18, 2019 - 1:29 pm
JACKSON, Ohio (AP) — The numbers are staggering: An average yearly total of 107 opioid pills per resident were distributed over a seven-year period in this rural county deep in Appalachia. The newly released federal data is shocking even to people who live here in Jackson County, where nearly...
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Speaker of the House Nancy Pelosi, D-Calif., holds a news conference on Capitol Hill in Washington, Wednesday, July 17, 2019. (AP Photo/J. Scott Applewhite)
July 18, 2019 - 12:17 pm
WASHINGTON (AP) — House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, but the bill has almost no chance in the Republican-controlled Senate. Passage was assured after centrists won concessions for a slower phase-in, over...
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House Majority Leader Steny Hoyer of Md., left, arrives for a House Democratic caucus meeting on Capitol Hill in Washington, Wednesday, July 10, 2019. (AP Photo/Andrew Harnik)
July 18, 2019 - 12:11 pm
WASHINGTON (AP) — The Latest on legislation to raise the federal minimum wage (all times local): 12:05 p.m. The House has approved legislation to raise the federal minimum wage for the first time in a decade, to $15 an hour. Democrats pushed through the bill Thursday with a party-line vote of 231-...
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FILE - In this July 30, 2008, file photo, Jeffrey Epstein, center, appears in court in West Palm Beach, Fla. At the center of Epstein's secluded New Mexico ranch sits a sprawling residence the financier built decades ago, complete with plans for a 4,000-square-foot (372-square-meter) courtyard, a living room roughly the size of the average American home and a nearby private airplane runway. Known as the Zorro Ranch, the high-desert property is now tied to an investigation that the state attorney general's office says it has opened into Epstein with plans to forward findings to federal authorities in New York. (Uma Sanghvi/Palm Beach Post via AP, File)
July 18, 2019 - 11:40 am
NEW YORK (AP) — The Latest on the sex trafficking charges against Jeffrey Epstein (all times local): 11:30 a.m. A federal judge has denied bail for jailed financier Jeffrey Epstein on sex trafficking charges involving underage girls. The judge's decision Thursday comes after prosecutors argued...
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In this June 20, 2019, photo a student walks past a mural in the library at Virginia Commonwealth University in Richmond, Va. College students working a summer job likely shouldn’t sweat how it will affect their financial aid: Dependent students can earn up to $6,660 before it increases their expected family contribution, or EFC. (AP Photo/Steve Helber)
July 18, 2019 - 10:30 am
Roughly one-third of teenagers have summer jobs, according to the Pew Research Center. Some of these jobs may make you very familiar with the letters "SPF." But every working student should know a different abbreviation to avoid getting burned: EFC. While you may be working to help pay for college...
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Conservative party leadership candidate Boris Johnson delivers his speech during a Conservative leadership hustings at ExCel Centre in London, Wednesday, July 17, 2019. The two contenders, Jeremy Hunt and Boris Johnson are competing for votes from party members, with the winner replacing Prime Minister Theresa May as party leader and Prime Minister of Britain's ruling Conservative Party. (AP Photo/Frank Augstein)
July 18, 2019 - 10:28 am
LONDON (AP) — British lawmakers on Thursday put a substantial roadblock in the path of any attempt by a Brexit-backing prime minister to take the country out of the European Union without a divorce deal. The move came as the U.K.'s official economic watchdog said a no-deal Brexit would trigger a...
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