Business

  • Minnesota men learning fate for North Dakota stock scheme
    by The Associated Press on December 17, 2018 at 6:24 pm

    MINNEAPOLIS (AP) — A Minnesota man who helped found a business in North Dakota’s oil patch has been sentenced to 12 years in prison for fraud in a stock manipulation scheme. His co-defendant will learn his fate later this week. Ryan Gilbertson, 42, on Dec. 11 also was fined $2 million and ordered to pay […]

  • Kosovo betrayed by EU on visa-free travel, premier says
    by The Associated Press on December 17, 2018 at 5:42 pm

    BRUSSELS (AP) — Kosovo’s prime minister says the country feels betrayed by the European Union, which it is aspiring to join one day, because of the bloc’s delays on enacting visa-free travel for its citizens. Ramush Haradinaj’s comments came in a speech he made in Brussels on Monday at a meeting with senior EU officials. […]

  • Health insurance on demand? Some are betting on it
    by TOM MURPHY on December 17, 2018 at 5:32 pm

    People with health insurance often pay for coverage they never use. A startup wants to shake that up. It’s a radical idea: On-demand insurance that lets customers buy some of their coverage only if and when they need it, similar to how TV viewers might rent a new release from Amazon instead of paying every […]

  • Health insurance on demand? Some are betting on it
    by TOM MURPHY on December 17, 2018 at 5:30 pm

    A startup is trying to shake up health insurance by letting customers buy some of their coverage only when they need it. Bind Benefits has designed insurance that gives patients coverage for most medical needs and then has them buy additional protection for planned procedures like knee surgery. Bind also pushes patients to think more […]

  • ICYMI: California withdraws ‘text tax’ after FCC ruling
    by The Associated Press on December 17, 2018 at 4:37 pm

    SAN FRANCISCO (AP) — California regulators have canceled a plan to charge a fee for text messaging on mobile phones. The California Public Utilities Commission reversed course after a Federal Communications Commission ruling last week classified text messaging as an information service and not a telecommunications service. The federal Telecommunications Act limits state authority over […]

  • Liz Weston: You don’t have to live by these money myths
    by LIZ WESTON on December 17, 2018 at 4:30 pm

    We’re told experiences are supposed to make us happier than stuff — turns out that may apply mostly to the affluent. The famous marshmallow test that predicts future success, based on which kids can resist an immediate treat? That research has similar problems. Meanwhile, the jury’s still out on whether willpower is something you can […]

  • Effort to reopen Bunker Hill Mine runs into problems
    by Becky Kramer on December 17, 2018 at 4:27 pm

    While many Silver Valley residents are eager to see the Bunker Hill reopen, the Coeur d'Alene Tribe is wary of restarting a historic polluter in the nation's second-largest Superfund site even under modern environmental laws designed to protect air and water quality. […]

  • Ex-bank president gets 6 years prison for fraud, conspiracy
    by RANDALL CHASE on December 17, 2018 at 4:25 pm

    WILMINGTON, Del. (AP) — The former president of the only financial institution criminally charged in connection with the federal bank bailout program was sentenced Monday to six years in prison for covering up the bank’s troubled condition in the wake of the 2008 financial crisis. Former Wilmington Trust president Robert Harra Jr., who was also […]

  • Czech cyber security agency warns against use of Huawei
    by The Associated Press on December 17, 2018 at 4:10 pm

    PRAGUE (AP) — The Czech Republic’s cyber security watchdog is warning against the use of products by Chinese electronics giant Huawei and another Chinese telecommunications company, ZTE. The National Cyber and Information Security Agency said Monday that their software and hardware pose “a security threat.” Huawei is the biggest global supplier of network gear for […]

  • US and European stocks slide again as health companies fall
    by MARLEY JAY on December 17, 2018 at 3:25 pm

    NEW YORK (AP) — U.S. stocks are falling in choppy trading, and the S&P 500 is trading at its lowest in more than a year. Health insurers and hospitals are falling after a judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Retailers and technology stocks are sinking, and high-dividend companies including […]