Corporate news

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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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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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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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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Austrian Chancellor Sebastian Kurz, of the Austrian People's Party, OEVP, addresses the media during a news conference in Vienna, Austria, Monday, May 20, 2019. Austrian Chancellor Sebastian Kurz has called for an early election after the resignation of his vice chancellor Heinz-Christian Strache from the Freedom Party spelled an end to his governing coalition. (AP Photo/Michael Gruber)
May 20, 2019 - 1:11 pm
VIENNA (AP) — The Latest on the video scandal that's rocked the Austrian government (all times local): 7:10 p.m. Austrian Chancellor Sebastian Kurz says he expects the far-right Freedom Party to leave his government as it has threatened to do. Kurz, who has asked Austria's president to remove...
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People stand by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2019. Shares are mixed in Asia, with India and Australia leading gains following elections that look set to keep incumbents in office. (AP Photo/Koji Sasahara)
May 20, 2019 - 6:57 am
BANGKOK (AP) — Shares declined in Europe on Monday after a mixed day in Asia in the absence of positive updates on the trade standoff between the U.S. and China. Britain's FTSE 100 lost 0.7% at 7,297.67 while Germany's DAX declined 1.2% to 12,091.38. The CAC 40 in France shed 1.2% to 5,374.14. Wall...
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In this April 8, 2019, photo, Tim Tanksley, who has been fighting for years trying to convince Oklahoma lawmakers to crack down on the coal ash dumping, stands outside a dump site in Bokoshe, Okla. President Donald Trump’s EPA has approved Oklahoma to be the first state to take over permitting and enforcement on coal-ash sites. “They’re going to do absolutely nothing,” Tanksley said. (AP Photo/Sue Ogrocki)
May 20, 2019 - 2:59 am
BOKOSHE, Okla. (AP) — Susan Holmes' home, corner store and roadside beef jerky stand are right off Oklahoma Highway 31, putting them in the path of trucks hauling ash and waste from a power plant that burns the high-sulfur coal mined near this small town. For years, when Bokoshe residents were...
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FILE - In this May 14, 2019 photo, Senate Minority Leader Chuck Schumer, D-N.Y., speaks to reporters at the Capitol in Washington. The Senate's top Democrat wants an investigation into whether a plan for new subway cars in New York City designed by a Chinese state-owned company could pose a threat to national security. Schumer said in a statement to The Associated Press on Sunday, May 19 he's asked the Commerce Department to conduct a "top-to-bottom review" after CRRC won a design contest for new subway cars in New York City. The company hasn't won a contract in New York, although it has been awarded contracts for new rail cars in Los Angeles, Chicago, Boston and Philadelphia. (AP Photo/J. Scott Applewhite, File)
May 19, 2019 - 12:51 pm
WASHINGTON (AP) — The Senate's top Democrat is calling on the federal government to step in and investigate whether a plan for new subway cars in New York City designed by a Chinese state-owned company could pose a threat to national security. Sen. Charles Schumer of New York said in a statement to...
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In this photo taken Monday, May 13, 2019, a sign for Sonoita stands in the heart of southeastern Arizona where owners of wineries and other small tourism operations worry that the Rosemont Copper Mine proposed to be built in the nearby Santa Rita Mountains could harm their businesses with mining trucks rumbling down scenic state highway 83 that runs past the range. Native American tribes are seeking an injunction to halt work on the copper mine project they say will desecrate burial and other sacred sites in the Santa Rita Mountains of southeastern Arizona. (AP Photo/Anita Snow)
May 19, 2019 - 11:30 am
SONOITA, Ariz. (AP) — Scenic State Highway 83 gently curves through southeastern Arizona's wine country, past waves of blond grass dotted with orange-tipped ocotillo plants before the dark Santa Rita Mountains loom into view. The Milepost 44 pullout offers a panorama of the range in the Coronado...
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