Finance

WASHINGTON — Banks could invest heavily in or even sponsor venture capital funds under a proposed change to a post-crisis rule that was intended to limit their risk-taking. The proposal, unveiled Thursday by the Federal Reserve and other banking agencies, would revamp the Volcker Rule, which was created as part of the 2010 Dodd-Frank law. […]

American Airlines pilots have sued their company to make it stop all flights to China immediately because of the coronavirus outbreak By DAVID KOENIG AP Airlines Writer January 30, 2020, 10:41 PM 2 min read DALLAS — The pilots’ union at American Airlines sued on Thursday to stop the carrier from flying to China and

SAN FRANCISCO — For years, a determined state senator has pushed a singular vision: a bill challenging California’s devotion to both single-family housing and motor vehicles by stripping away limits on housing density near public transit. Now the state will have to look for other ways to relieve its relentless housing crisis. On Thursday, one

A U.S. House subcommittee is investigating popular dating services such as Tinder and Bumble for allegedly allowing minors and sex offenders to use their services By BARBARA ORTUTAY AP Technology Writer January 30, 2020, 8:35 PM 2 min read SAN FRANCISCO — A House subcommittee is investigating popular dating services such as Tinder and Bumble

Stocks are moving lower on Wall Street in afternoon trading Thursday as a surge in the number of confirmed cases and fatalities from a virus in China stokes fears that the outbreak could slow global economic growth By ALEX VEIGA AP Business Writer January 30, 2020, 6:35 PM 3 min read Stocks moved lower on

U.S. Secretary of State Mike Pompeo says the United States and Britain will retain and enhance their special relationship after the U.K.’s departure from the European Union this week By MATTHEW LEE AP Diplomatic Writer January 30, 2020, 4:16 PM 5 min read LONDON — U.S. Secretary of State Mike Pompeo said Thursday that the

The company that makes Marlboro cigarettes will take a $4.1 billion hit from its investment in Juul By MICHELLE CHAPMAN AP Business Writer January 30, 2020, 2:28 PM 3 min read The company that makes Marlboro cigarettes saw in late 2018 the opportunity to offset declining tobacco sales with a $13 billion investment in Juul,

UPS swung to a 4Q loss, weighed down by a hefty pension-related charge and some other items. The delivery company’s adjusted profit met analysts’ expectations January 30, 2020, 12:23 PM 1 min read ATLANTA — UPS swung to a loss in its fourth quarter mostly on a hefty pension-related charge, but the delivery company’s adjusted

“No. 1, the Fed was not good,” he said. The president also mentioned the six-week strike at General Motors last fall and the continuing turmoil at Boeing, the nation’s largest aerospace manufacturer and largest manufacturing exporter, after accidents involving two of its 737 Max airplanes killed 346 people. “With all that, had we not done

Official data show that Germany’s jobless rate climbed above 5% in January January 30, 2020, 9:48 AM 1 min read BERLIN — Germany’s jobless rate climbed above 5% in January, pushed higher largely by seasonal factors while also reflecting slower growth in Europe’s biggest economy, official data showed Thursday. The unadjusted unemployment rate, the headline