Business

July 19, 2017 - 1:20 pm
WASHINGTON (AP) — A House subcommittee has approved legislation designed to allow automakers to increase the testing of self-driving cars on U.S. roads. Lawmakers say self-driving cars are the future and federal law needs updating to ensure they're developed and deployed in the United States. A top...
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July 19, 2017 - 1:03 pm
ATLANTA (AP) — A Russian man who helped develop and distribute malicious software designed to steal personal financial information has been sentenced to five years in prison. Mark Vartanyan was sentenced Wednesday in Atlanta after pleading guilty in March to a computer fraud charge. He's getting...
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July 19, 2017 - 10:29 am
NEW YORK (AP) — A U.S. appeals court has reversed the convictions of two British ex-bankers charged with conspiring to manipulate the primary benchmark for global short-term interest rates. The 2nd U.S. Circuit Court of Appeals in Manhattan said Wednesday that the trial of Anthony Allen and Anthony...
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July 19, 2017 - 10:26 am
LISBON, Portugal (AP) — Portuguese lawmakers have agreed on new measures to help contain the fires that race through the country's forests each summer, after one wildfire last month that killed 64 people. After weeks of discussion — and a marathon 15-hour meeting that ended at daybreak Wednesday —...
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FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. Stocks are off to a mixed start on Wall Street, Wednesday, Nov. 29, 2017, as more gains for banks are partially offset by losses elsewhere in the market including the technology sector. (AP Photo/Mark Lennihan, File)
July 19, 2017 - 10:24 am
NEW YORK (AP) — U.S. stocks are rising Wednesday morning as gains in health care and media companies put major indexes on track to set more records. Drugmaker Vertex Pharmaceuticals is surging on positive results from potential treatments for cystic fibrosis. Morgan Stanley is rising after the...
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July 19, 2017 - 10:20 am
NEW YORK (AP) — A report shows that a faulty track condition caused a recent train derailment at New York's Penn Station in an area where Amtrak is performing repairs that are causing service cutbacks for hundreds of thousands of commuters this summer. The document obtained by The Associated Press...
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FILE - In this Feb. 5, 2015 file photo the logo of a Mercedes car is photographed during an annual press conference of Daimler AG in Stuttgart, Germany. German automaker Daimler says Tuesday, July 18, 2017 it is voluntarily recalling 3 million diesel cars in Europe to improve their emissions performance. The Stuttgart-based company, which makes Mercedes-Benz luxury cars, says it is taking the step to reassure drivers and strengthen confidence in diesel technology. (AP Photo/Michael Probst, File)
July 19, 2017 - 9:47 am
BERLIN (AP) — The German government has invited leading automakers to a meeting next month to discuss how to reduce diesel emissions. Transport Ministry spokesman Sebastian Hille said Wednesday the CEOs of Volkswagen, Audi, Porsche, Daimler, Ford's German branch and Opel are invited for the Aug. 2...
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In this Thursday, June 1, 2017, photo, builders work on the roof of a home under construction at a housing plan in Jackson Township, Butler County, Pa. On Wednesday, July 19, 2017, the Commerce Department reports on U.S. home construction in June. (AP Photo/Keith Srakocic)
July 19, 2017 - 9:45 am
WASHINGTON (AP) — Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce Department said Wednesday. The gain ended three...
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July 19, 2017 - 9:32 am
MEXICO CITY (AP) — Mexican authorities say the U.S. Department of Homeland Security has instituted heightened security measures for laptops and tablets on U.S.-bound flights from the country. Mexico's Transportation Department says in a statement that the measures take effect starting Wednesday for...
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July 19, 2017 - 6:06 am
HELSINKI (AP) — Swedish truck maker AB Volvo says second-quarter profits surged more than threefold amid solid sales, particularly from Europe and Russia. Net profit jumped to 6 billion kroner ($725 million) in the period, from 1.9 billion kronor a year earlier. Last year's profit had been dented...
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