Business News

Italian Premier Giuseppe Conte addresses the Lower Chamber of the Italian parliament in Rome, Tuesday, March 19, 2019. (AP Photo/Alessandra Tarantino)
March 19, 2019 - 10:56 am
MILAN (AP) — Premier Giuseppe Conte pledged Tuesday to make Italy the first Group of Seven nation to join China's ambitious Belt and Road initiative, despite objections from the United States and concerns within his governing coalition. Speaking to parliament, Conte said that Italy's signing of a...
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March 19, 2019 - 10:34 am
HELSINKI (AP) — Norwegian aluminum producer Norsk Hydro says it has been a targeted by "an extensive cyberattack" through a ransomware virus impacting its key operations and disrupting its IT systems. The Oslo-based company that is one of the world's largest aluminum producers said Tuesday it has...
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March 19, 2019 - 9:07 am
NEW YORK (AP) — Fox Corp., the Fox assets that are not part of Disney's $71.3 billion acquisition of Fox's entertainment assets, began trading as a stand-alone company on Tuesday. Disney's acquisition of Fox assets is set to close around 12 a.m. EDT on Wednesday, more than a year after the mega...
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An investor plays a mobile chess game while watching stock prices at a brokerage in Beijing, China, Tuesday, March 19, 2019. Asian shares were mixed in muted trading Tuesday as investors awaited the U.S. Federal Reserve meeting later in the week. (AP Photo/Ng Han Guan)
March 19, 2019 - 7:48 am
LONDON (AP) — Global stock markets recovered their poise Tuesday after a lackluster session in Asia as investors digested the latest bout of Brexit uncertainty and prepared for a key U.S. Federal Reserve meeting. In Europe, France's CAC 40 rose 0.5 percent to 5,440, while Germany's DAX climbed 1...
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March 19, 2019 - 7:32 am
BERLIN (AP) — The German government's panel of economic advisers nearly halved its German growth forecast for this year to 0.8 percent — the latest in a long list of downgrades for Europe's biggest economy. In a regular update Tuesday, the panel cut its 2019 forecast from the previous 1.5 percent...
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German chancellor Angela Merkel attends the 'Global Solutions Summit' in Berlin, Germany, Tuesday, March 19, 2019. Germany has launched an auction for frequencies in the future super-fast 5G network following a dispute over conditions imposed by authorities and questions over whether China's Huawei can supply equipment. (Kay Nietfeld/dpa via AP)
March 19, 2019 - 7:12 am
BERLIN (AP) — Germany began auctioning frequencies for the future super-fast 5G network on Tuesday, amid frustration over conditions imposed by authorities and questions over whether China's Huawei can supply equipment. The auction, launched by the Federal Network Agency, is expected to last...
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March 19, 2019 - 6:34 am
IRVING, Texas (AP) _ Michaels Cos. (MIK) on Tuesday reported fiscal fourth-quarter earnings of $181.4 million. The Irving, Texas-based company said it had net income of $1.15 per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share. The results topped Wall Street...
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Members of the British delegation wait for the start of a meeting of EU ministers for European Affairs at the EU Council building in Brussels, Tuesday, March 19, 2019. Germany's European affairs minister Michael Roth says Brexit is not a game and that the EU is worn out by two years of tortuous and interminable negotiations over Britain's departure from the bloc. (AP Photo/Virginia Mayo)
March 19, 2019 - 6:14 am
LONDON (AP) — The Latest on Britain's exit from the European Union (all times local): 11:10 a.m. German Chancellor Angela Merkel says Brexit is in a state of flux and that European Union leaders will "try to react" to whatever British Prime Minister Theresa May proposes on Brexit at an EU summit...
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FILE - In this file photo dated Thursday, March 22, 2018, John Bercow, Speaker of the House of Commons speaks at Westminster Hall inside the Palace of Westminster in London. Bercow dealt a potentially fatal blow to Prime Minister Theresa May's ailing Brexit deal on Monday, March 18, 2019, saying the government couldn't keep asking lawmakers to vote on the same Brexit deal that lawmakers have already rejected twice. (AP Photo/Alastair Grant, FILE)
March 19, 2019 - 6:03 am
LONDON (AP) — The British government was preparing Tuesday to ask the European Union for a delay of at least several months to Brexit after the speaker of the House of Commons ruled that Prime Minister Theresa May cannot keep asking lawmakers to vote on the same divorce deal that they have already...
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FILE- In this March 13, 2019, file photo people work in the flight deck of a Boeing 737 MAX 8 airplane being built for TUI Group parked next to another MAX 8 also designated for TUI at Boeing Co.'s Renton Assembly Plant in Renton, Wash. U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in the crash of an Ethiopian Airlines Max 8 last week and a Lion Air jet in October. (AP Photo/Ted S. Warren, file)
March 19, 2019 - 2:27 am
WASHINGTON (AP) — U.S. prosecutors are looking into the development of Boeing's 737 Max jets, a person briefed on the matter revealed Monday, the same day French aviation investigators concluded there were "clear similarities" in the crash of an Ethiopian Airlines Max 8 last week and a Lion Air jet...
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