Business

  • UK calls on social media firms to better protect children
    by The Associated Press on April 22, 2018 at 9:30 am

    LONDON (AP) — Britain’s health secretary says the government will introduce new laws targeting online social media companies if they don’t do more to protect children. In a strongly-worded letter to Facebook, Google, Snapchat, Twitter and others, Jeremy Hunt said their failure to prevent young children using social media and exposing children to its “harmful […]

  • This Week: New home sales, Facebook earns, GDP
    by The Associated Press on April 22, 2018 at 5:01 am

    A look at some of the key business events and economic indicators upcoming this week: SALES REBOUND? Despite a dearth of homes on the market, sales of new U.S. homes have been declining lately. Sales slipped 0.6 percent in February, the third straight monthly drop, to a seasonally adjusted annual rate of 618,000. The sales […]

  • Mnuchin expresses optimism trade standoffs can be resolved
    by MARTIN CRUTSINGER and PAUL WISEMAN on April 22, 2018 at 4:22 am

    WASHINGTON (AP) — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion. But U.S. Treasury Secretary Steven Mnuchin expressed cautious optimism Saturday that countries could settle their differences without a trade war. Mnuchin met during the past three […]

  • China auto show highlights industry’s electric ambitions
    by JOE McDONALD on April 22, 2018 at 2:37 am

    BEIJING (AP) — The biggest global auto show of the year showcases China’s ambitions to become a leader in electric cars and the industry’s multibillion-dollar scramble to roll out models that appeal to price-conscious but demanding Chinese drivers. Auto China 2018, which opens this week, follows Beijing’s decision to allow full foreign ownership of Chinese […]

  • Facebook rumors incite hatred, leading to deadly end in Sri Lanka
    by Max Fisher and AMANDA TAUB on April 22, 2018 at 12:22 am

    A reconstruction of Sri Lanka’s descent into violence found that Facebook’s newsfeed played a central role in nearly every step from rumor to killing. […]

  • Lobbyist tied to condo met with EPA chief, despite denials
    by MICHAEL BIESECKER on April 21, 2018 at 10:48 pm

    WASHINGTON (AP) — Environmental Protection Agency chief Scott Pruitt met in his office last year with a veteran Washington lobbyist tied to the bargain-priced condo where Pruitt was living. Both Pruitt and lobbyist Steven Hart had previously denied Hart had conducted any recent business with EPA. A spokesman for Hart confirmed Saturday that the lobbyist […]

  • Mexico, EU reach deal to update trade agreement
    by The Associated Press on April 21, 2018 at 10:12 pm

    MEXICO CITY (AP) — Mexico and the European Union reached a deal to update their nearly 20-year-old free trade agreement on Saturday, including the elimination of tariffs on a number of Mexican agricultural products. President Enrique Pena Nieto, who arrived in Hannover, Germany, in the afternoon to begin a five-day tour of three European nations, […]

  • Stars Group doubles down with purchase of Sky Betting
    by The Associated Press on April 21, 2018 at 5:47 pm

    Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion. Stars Group, which owns PokerStars, said Saturday the purchase will create the biggest publicly listed online-gambling company and make it a bigger player in the fast-growing business of online sports betting. Sky Betting is […]

  • Lighting company to send jobs over the border
    by The Associated Press on April 21, 2018 at 4:20 pm

    FALL RIVER, Mass. (AP) — A prominent lighting company is transferring production from a Massachusetts manufacturing facility to Mexico. Company Philips Lighting announced Friday it is laying off 160 employees and sending 100 production jobs to Monterrey, Mexico. The Herald News reports production at the Fall River facility will end by the third quarter of […]

  • Western Arizona eyed as water source for major metro areas
    by FELICIA FONSECA on April 21, 2018 at 3:46 pm

    FLAGSTAFF, Ariz. (AP) — A week into her appointment last fall as a Mohave County supervisor in western Arizona, Lois Wakimoto heard the words that would consume her since: We have a water problem. The entity that sends Colorado River water throughout Arizona wants to buy farmland in her district that includes Mohave Valley, pay […]