Business News

FILE- In this May 1, 2018, file photo, Facebook CEO Mark Zuckerberg delivers the keynote speech at F8, Facebook's developer conference, in San Jose, Calif. Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations that breached a commitment to protect the personal information of its social network’s 2.2 billion users. The Washington Post reported, Friday, Jan. 18, 2019, that the FTC is considering hitting Facebook with a penalty that would top its previous record fine of $22.5 million dealt to Google in 2012. (AP Photo/Marcio Jose Sanchez, File)
January 18, 2019 - 3:01 pm
SAN FRANCISCO (AP) — Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations involving the personal information of its 2.2 billion users. The FTC is considering hitting Facebook with a penalty that would top its previous record fine of $22.5...
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FILE - In this Thursday, March 1, 2018 file photo, Nikos Christodoulides speaks after taking the oath of office as Cyprus' new foreign minister during a ceremony at the Presidential Palace in Nicosia, Cyprus. Cyprus' foreign minister says on Friday, Jan. 18, 2019, he's optimistic that the US will soon start lifting a decades-old arms embargo because Washington acknowledges the island nation's contribution to bolstering stability and security in the east Mediterranean. (AP Photo/Petros Karadjias, File)
January 18, 2019 - 1:50 pm
NICOSIA, Cyprus (AP) — Cyprus' foreign minister says the U.S. will soon start lifting a decades-old arms embargo on the eastern Mediterranean island because Washington acknowledges its contribution to bolstering stability and security in the region. Foreign Minister Nikos Christodoulides told the...
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nullFILE- In this Jan. 11, 2019, file photo, trader Frank O'Connell on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 18. (AP Photo/Richard Drew, File)
January 18, 2019 - 1:48 pm
NEW YORK (AP) — Stocks in the U.S. and Europe are surging Friday as renewed hopes for progress in trade talks between the U.S. and China contribute to the market's newfound optimism. Indexes jumped after Bloomberg News reported that China's government offered to buy more goods and services from the...
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FILE - In this March 31, 2016 file photo, Tesla Motors unveils the new lower-priced Model 3 sedan at the Tesla Motors design studio in Hawthorne, Calif. Tesla, recognizing as imperative its ability to produce a cheaper electric car, told employees Friday, Jan. 18, 2019 that it must cut 7 percent of its workforce. Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. (AP Photo/Justin Pritchard)
January 18, 2019 - 12:44 pm
Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford. Tesla's cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive. "Looking ahead at...
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January 18, 2019 - 11:56 am
NEW YORK (AP) — Tiffany & Co. says holiday shoppers and Chinese tourists spent less on its bling. The luxury jeweler, famous for its little blue boxes, says sales slipped in the holiday shopping season as Chinese tourists spent less while traveling due to the strong dollar, making it more...
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In this Aug. 17, 2018 photo, Stamford Police stand outside the headquarters of Purdue Pharma, which is owned by the Sackler family, in Stamford, Conn. The Sackler family came under scrutiny when a legal filing in Massachusetts gave detailed allegations of how family members and other Purdue Pharma executives sought to push prescriptions for the drug OxyContin and downplay its addiction risks. (AP Photo/Jessica Hill)
January 18, 2019 - 11:08 am
The legal pressure on the family behind the painkiller OxyContin intensified this week and is likely to grow. The Sackler family came under scrutiny when a legal filing in Massachusetts detailed how family members and other Purdue Pharma executives sought to push prescriptions for the drug and...
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Britain's Prime Minister Theresa May leaves 10 Downing Street, in London, Friday, Jan. 18, 2019. Talks to end Britain's Brexit stalemate appeared deadlocked Friday, with neither Prime Minister Theresa May nor the main opposition leader shifting from their entrenched positions. (Stefan Rousseau/PA via AP)
January 18, 2019 - 11:06 am
LONDON (AP) — Prime Minister Theresa May held talks Friday with European leaders and British Cabinet colleagues, but efforts to end Britain's Brexit stalemate appeared deadlocked, with neither May nor Britain's opposition leader shifting from their entrenched positions. May has been meeting with...
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January 18, 2019 - 10:38 am
SKOPJE, Macedonia (AP) — Macedonian authorities are seeking cross-border help to gather evidence on a 1.7-million euro ($1.9 million) theft from bank safe deposit boxes by an international gang in 2017. Macedonia's prosecution office says four Ukrainians and three people from the U.S., Kazakhstan...
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A woman works on a giant poster reading 'Climate Strike' during the 'Youth For Climate' strike protest in front of the Reichstag building in Berlin, Friday, Jan. 18, 2019. (AP Photo/Markus Schreiber)
January 18, 2019 - 9:29 am
BERLIN (AP) — Thousands of students held rallies Friday across Germany and Switzerland to protest the lack of action against climate change. The demonstrations in dozens of cities were inspired by student Greta Thunberg , who has been staging a weekly "school strike" in Sweden. Many used the...
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FILE- In this Sept. 27, 2018, file photo a United Auto Workers assemblyman works on a 2018 Ford F-150 truck being assembled at the Ford Rouge assembly plant in Dearborn, Mich. On Friday, Jan. 18, 2019, the Federal Reserve reports on U.S. industrial production for December. (AP Photo/Carlos Osorio, File)
January 18, 2019 - 8:30 am
WASHINGTON (AP) — U.S. industrial production increased 0.3 percent in December, led by the biggest surge in manufacturing in ten months. The Federal Reserve says that that manufacturing output jumped 1.1 percent last month, the largest gain since February 2018. Automakers drove much of the growth...
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