Possible $5B Facebook fine echoes European tech penalties
SAN FRANCISCO (AP) — Facebook's revelation that it could face a $5 billion federal privacy fine is the latest sign of U.S. moves toward tighter regulation of the technology industry, which has enjoyed years of nearly unrestricted growth with little oversight.
Massive security in Beijing ahead of Belt and Road meeting
BEIJING (AP) — Security is tight and traffic snarled in the Chinese capital as world leaders gather for a conference on Beijing's sweeping "Belt-and-Road" infrastructure initiative.
AP EXCLUSIVE: At Walmart, using AI to watch the store
LEVITTOWN, N.Y. (AP) — Inside one of Walmart's busiest Neighborhood Market grocery stores, high resolution cameras suspended from the ceiling point to a table of bananas.
Nissan ex-chair Ghosn's release on bail approved by court
TOKYO (AP) — Detained former Nissan chairman Carlos Ghosn paid 500 million yen ($4.5 million) in bail, the Tokyo District court said Thursday, signaling he would likely soon be released.
Asian shares mixed after US stocks retreat from record high
TOKYO (AP) — Asian shares were mixed Thursday after U.S. stocks closed lower, giving back some of its gains a day after the S&P 500 and Nasdaq hit record highs.
Facebook anticipates an FTC privacy fine of up to $5 billion
SAN FRANCISCO (AP) — Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy.
Tesla posts surprisingly large 1Q loss as sales slump 31%
SAN FRANCISCO (AP) — Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company's worst quarters in the past two years.
White House voices support for embattled Fed choice
WASHINGTON (AP) — A senior White House official expressed support Wednesday for one of President Trump's picks for the Federal Reserve board, Stephen Moore, two days after a second choice withdrew from consideration.
Occidental tries to outbid Chevron for Anadarko Petroleum
NEW YORK (AP) — A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron's deal announced earlier this month, a rare move not often seen in the U.S.
Boeing's troubled jet is costing $1 billion to fix so far
Boeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people.
Rehab patients' unpaid work for big companies likely illegal
A nationally renowned drug rehab program in Texas and Louisiana has sent patients struggling with addiction to work for free for some of the biggest companies in America, likely in violation of federal labor law.
Conservatives reject move to topple PM Theresa May, for now
LONDON (AP) — British Prime Minister Theresa May's job is safe, for now, after Conservative lawmakers decided against enabling a new challenge to her leadership.
Wall Street keeps hitting records. What do investors do now?
The S&P 500 just hit an all-time high, recovering from last year's dramatic plunge. The economy seems to be on fairly solid footing, still it's anyone's guess what happens next for the stock market.
Correction: Zinke-Gold Mining Job story
BILLINGS, Mont. (AP) — In an April 16 article on former Interior Secretary Ryan Zinke taking a job with U.S. Gold Corp., The Associated Press erroneously reported that Zinke would receive up to $120,000 a year in expenses related to his consulting contract, citing a company filing with the U.S.
Parent? Boss? Business owners who hire their teens are both
NEW YORK (AP) — When Susie Carder gave her daughter Amanda a summer job in her business coaching company, the teenager knew office gossip was forbidden.
How to break up with your bank
Things happen in relationships — you grow apart, your partner gets to be too much for you, or worse — they do you wrong. Don't stay in a bad one just because it's easier than calling it quits: it's time to break up with your bank.
Reports Huawei to supply UK networks draw criticism
LONDON (AP) — British officials downplayed reports that Prime Minister Theresa May will allow China's Huawei to supply parts of the U.K.'s new internet network, a decision that goes against U.S.
Ford to invest $500M in electric vehicle startup Rivian
DETROIT (AP) — Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings.
Food makers in Europe get letters with poisoning threats
COPENHAGEN, Denmark (AP) — Major food companies in Italy and Denmark have received letters containing an unidentified powder and written threats requesting they pay money or risk having their products poisoned, authorities said Wednesday.
China rejects 'unfounded hype' after GE spying accusation
BEIJING (AP) — China's government on Wednesday rejected accusations that it steals technology after a former General Electric Co.
World stocks subdued as Wall Street eyes new record highs
BANGKOK (AP) — Stock markets were subdued in Europe and Asia on Wednesday as investors look to corporate earnings for clues on whether the S&P 500 will hit another all-time record close.
New Zealand and France to call for an end to online terror
WELLINGTON, New Zealand (AP) — New Zealand Prime Minister Jacinda Ardern said Wednesday that she and French President Emmanuel Macron will host a meeting in Paris next month seeking to eliminate acts of violent extremism and terrorism from being shown online.
UK begins search for new Bank of England governor
LONDON (AP) — The British government on Wednesday kick-started the process to appoint the successor to Mark Carney as governor of the Bank of England, and indicated it was not limiting its search to British candidates.
Beijing celebration of building binge overshadowed by debt
BEIJING (AP) — A conference this week showcasing a Chinese initiative to help build ports, railways and other infrastructure in the developing world is casting a spotlight on complaints the projects leave some countries with too much debt.
Nissan slashes profit amid Ghosn scandal, lagging sales
TOKYO (AP) — Nissan cut its profit forecast for the fiscal year through March on Wednesday to reflect slowing sales, higher costs and the fallout from a criminal investigation of its former chairman, Carlos Ghosn.