Finance

New York Life is spending more than $6 billion in cash to buy the group life and disability coverage business of the insurer Cigna By TOM MURPHY AP Health Writer December 18, 2019, 2:28 PM 2 min read New York Life will spend more than $6 billion in cash to acquire the group life and […]

Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn’t already own for $675 million December 18, 2019, 11:47 AM 1 min read BERLIN — Germany-based media and services company Bertelsmann says it will buy the 25% of publisher Penguin Random House that it doesn’t

LONDON — Prime Minister Boris Johnson’s decisive victory in last week’s general election provided little comfort to Britain’s once world-beating financial services industry, which has been battered by Brexit for more than three years. While Johnson’s triumph buoyed optimism that he would end the country’s long-running political stalemate, it virtually guarantees the U.K. will leave

MILAN — The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world’s fourth-largest auto company with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group will be led

California analysts are recommending the state change its often-criticized system for taxing legal marijuana By MICHAEL R. BLOOD Associated Press December 18, 2019, 1:12 AM 3 min read LOS ANGELES — California analysts Tuesday recommended scrapping the state’s often-criticized system for taxing legal marijuana and replacing it with one hitched to the potency of products.

Asian shares are mostly higher after record highs on Wall Street amid investor optimism about an interim U.S.-China trade deal announced last week By YURI KAGEYAMA AP Business Writer December 18, 2019, 3:05 AM 3 min read TOKYO — Asian shares were mostly higher Wednesday after record highs on Wall Street amid investor optimism about

SPRINGFIELD, Mass. — Police departments around the U.S. are asking citizens to trust them to use facial recognition software as another handy tool in their crime-fighting toolbox. But some lawmakers — and even some technology giants — are hitting the brakes. Are fears of an all-seeing, artificially intelligent security apparatus overblown? Not if you look

A fifth former Google worker has filed a complaint with federal regulators accusing the company of improperly firing employees for labor organizing activity By RACHEL LERMAN AP Technology Writer December 18, 2019, 12:15 AM 3 min read SAN FRANCISCO — A fifth former Google worker has filed a complaint with federal regulators accusing the company

Pacific Gas and Electric has reworked a $13.5 billion settlement with victims of deadly wildfires blamed on the utility to try to prevent it from unraveling after California Gov. Gavin Newsom rejected the company’s financial rehabilitation plan By MICHAEL LIEDTKE AP Business Writer December 17, 2019, 10:10 PM 3 min read SAN FRANCISCO — Pacific

WASHINGTON — The Democratic-controlled House voted Tuesday to pass a $1.4 trillion government-wide spending package, handing President Donald Trump a victory on his U.S.-Mexico border fence while giving Democrats spending increases across a swath of domestic programs. The hard-fought legislation also funds a record Pentagon budget and is serving as a must-pass legislative locomotive to