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Business

Apple’s quarterly profit falls

SAN FRANCISCO (AP) — Apple’s iPhone sales are still sputtering while the company tries to offset the decline by milking more money from digital services such as music. The latest evidence of the iPhone’s waning popularity had been expected. Even so, the confirmation in Tuesday’s ...

Trump: China wants to delay trade talks past 2020 election

WASHINGTON (AP) — President Donald Trump has accused China of wanting to stall trade negotiations through the 2020 election in hopes of being able to negotiate with a more malleable Democratic president. Yet if re-elected, Trump threatened to get “much tougher” with Beijing. “China ...

U.S. stocks return to records following strong earnings

NEW YORK (AP) — U.S. stocks pushed to record heights Friday following strong profit reports from Google’s parent company, Twitter and other big corporations. Companies are nearly midway through earnings reporting season, and results have generally been better than the dismal expectations ...

U.S. presses WTO to stop lenient trade treatment of China

WASHINGTON (AP) — President Donald Trump pressed the World Trade Organization on Friday to stop letting China and other economies receive lenient treatment under global trade rules by calling themselves “developing” countries. In a memo, Trump directed U.S. Trade Representative Robert ...

Starbucks beats Q3 forecasts, raises full-year guidance

SEATTLE (AP) — Starbucks Corp. served up an extra frothy third quarter, zooming past Wall Street’s forecasts thanks to new drinks and growing loyalty. Based on the strong results, the Seattle-based coffee giant raised its full-year earnings guidance. It now expects adjusted earnings of ...

Whitney Museum trustee, tied to tear gas, quits amid protest

NEW YORK (AP) — The vice chairman of New York’s Whitney Museum of American Art resigned Thursday, days after eight artists asked to withdraw their work from a biennial exhibition over his ownership of a company that makes tear gas. “It is with great sadness and disappointment that I ...

Gulf state U.S. reps back fisheries disaster request

NEW ORLEANS (AP) — U.S. House members from three Gulf Coast states are backing their governors’ request for a fisheries disaster declaration, saying freshwater flooding into saltwater ecosystems has killed oysters, hurt fish catches and damaged livelihoods. The letter released Wednesday ...

Justice Dept. ratchets up antitrust scrutiny of Big Tech

WASHINGTON (AP) — The U.S. Department of Justice opened a sweeping antitrust investigation of major technology companies and whether their online platforms have hurt competition, suppressed innovation or otherwise harmed consumers. It said the probe will take into account “widespread ...

Insurers offer competing plan to rescue PG&E from bankruptcy

SAN FRANCISCO (AP) — Insurance companies that say Pacific Gas & Electric owes them more than $20 billion from wildfire claims wants to take over the California utility and pull it out of bankruptcy. The group of insurers filed court documents Tuesday seeking to end PG&E’s ...

Technology, temporary help keeps farmers on job longer

ALEXANDRIA, Ind. (AP) — At 79 years old, Art McManus says he’s still able to hop on the tractor and maintain the 160 acres of cherry trees at his orchard in Traverse City, Michigan. His children have gone on to start lives of their own, though he gets some help running his farmers market ...

Plastic or paper? Trump campaign weighs in on straw debate

WASHINGTON (AP) — The president and his reelection campaign are mocking efforts to replace plastic straws with paper ones and turning that disdain into a fundraising gimmick. The president’s 2020 campaign manager, Brad Parscale, tweeted that he was “so over paper straws. ...

Agency says mining near Okefenokee poses ‘substantial risks’

SAVANNAH, Ga. (AP) — The federal agency that manages the vast wildlife refuge in the Okefenokee Swamp says a private company’s plan to mine minerals near the swamp edge could pose “substantial risks” to the environment, and some damage may be irreversible. The written comments from ...

Netflix’s 2Q dud rattles investors as competition heats up

SAN FRANCISCO (AP) — Netflix’s video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company boosts its prices and girds for even stiffer competition. The service picked up 2.7 million worldwide subscribers ...

Prosecutor: Israeli woman oversaw $145M investor fraud plot

GREENBELT, Md. (AP) — Recorded telephone calls, company emails and videotaped evidence will show that an Israeli woman oversaw a “massive” scheme to defraud tens of thousands of investors across the globe out of tens of millions of dollars, a federal prosecutor told jurors ...

New election systems use vulnerable software

WASHINGTON (AP) — Pennsylvania’s message was clear: The state was taking a big step to keep its elections from being hacked in 2020. Last April, its top election official told counties they had to update their systems. So far, nearly 60% have taken action, with $14.15 million of mostly ...

California exhibit paints Ed Hardy as artist, tattoo pioneer

SAN FRANCISCO (AP) — When people hear the name Ed Hardy, they likely think of the flashy, tiger- and skull-emblazoned clothing that rocketed to popularity in the 2000s, appearing on the likes of Paris Hilton, Britney Spears and cast members from the reality TV show “Jersey ...

Report: FTC approves roughly $5 billion fine for Facebook

The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. The report cited an unnamed person familiar with the matter. Facebook and the FTC declined to comment. The Journal said the 3-2 vote broke along party lines, ...

Koch network taking on school choice with new group

SEATTLE (AP) — Billionaire industrialist Charles Koch’s powerful network that’s known for influencing state policy is now targeting education issues like school choice as the movement battles a new wave of hostility from Democrats who oppose charter schools and private school vouchers ...

Uber offers passengers more legroom, less chatting at a price

NEW YORK (AP) — Uber passengers can now get a more spacious ride and a less talkative driver — if they’re willing to shell out a few extra dollars. The ride-hailing giant launched “comfort” rides in dozens of cities Tuesday. Riders are guaranteed 36 inches of legroom in “newer” ...

Nominee to lead FAA faces questions about tenure at Delta

The Federal Aviation Administration is looking into whether Delta Air Lines violated FAA rules about promoting safety at a time when President Donald Trump’s pick to lead the agency was in charge of Delta’s flight operations. The FAA investigation grew out of allegations by a Delta pilot ...