Finance

Jim Beam has been fined $600,000 for a Kentucky warehouse fire that sent bourbon into nearby waterways and killed fish December 28, 2019, 4:36 PM 2 min read VERSAILLES, Ky. — Jim Beam was fined $600,000 (537,000 Euros) earlier this month after a July warehouse fire sent a nearly 23-mile (37-kilometer) plume of alcohol into […]

As much of central Appalachia looks to reinvent itself amid the decline of coal, community leaders in southwest Virginia say they’re seeing some early success from a focus on another natural resource By SARAH RANKIN Associated Press December 28, 2019, 2:10 PM 5 min read RICHMOND, Va. — As much of central Appalachia looks to

The Navy is proposing construction cutbacks of destroyers and accelerated retirements of cruisers that would delay, or sink, the Navy’s goal of larger fleet By DAVID SHARP and LOLITA BALDOR Associated Press December 28, 2019, 1:37 PM 3 min read PORTLAND, Maine — The Navy is proposing construction cutbacks and accelerated ship retirements that would

Average U.S. mortgage rates were largely unchanged this week from the prior week, staying near historic lows, according to mortgage buyer Freddie Mac December 26, 2019, 3:23 PM 1 min read WASHINGTON — Average U.S. mortgage rates were largely unchanged this week from the prior week, staying near historic lows, according to mortgage buyer Freddie

A federal appeals court has ruled American Airlines workers at Newark’s airport who claim they’ve been shorted on overtime pay can’t sue as a class By DAVID PORTER Associated Press December 26, 2019, 6:14 PM 2 min read NEWARK, N.J. — American Airlines workers at Newark’s airport who claim in a lawsuit they’ve been shorted

NEW YORK — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year’s fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be “patient” with its interest rate policy following

Volkswagen is stepping up its electric car offensive By DAVID McHUGH AP Business Writer December 27, 2019, 1:49 PM 2 min read FRANKFURT, Germany — Automaker Volkswagen is raising the bar for its plunge into battery powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than

British regulators are launching a full-scale investigation of Amazon’s plan to purchase a stake in Deliveroo to determine if it would dampen competition December 27, 2019, 3:11 PM 2 min read LONDON — British regulators said Friday they are launching a full-scale investigation of Amazon‘s plan to purchase a stake in Deliveroo to determine if

Volkswagen is stepping up its electric car production By DAVID McHUGH AP Business Writer December 27, 2019, 3:34 PM 2 min read FRANKFURT, Germany — Automaker Volkswagen is accelerating its move into battery-powered cars, saying it will reach its goal of 1 million electric cars per year two years earlier than planned. Friday’s announcement came

Wall Street capped a week of listless trading Friday with an uneven finish for the major stock indexes December 27, 2019, 10:15 PM 2 min read Wall Street capped a week of listless trading Friday with an uneven finish for the major stock indexes. Even so, the S&P 500 closed out the week with its