Business

Latest

  • Q&A: Drones might help show how tornados form

    DENVER (AP) — Researchers say they’ve collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. Now they want to expand the project in hopes of learning more about how tornados form. Drones can penetrate parts of weather systems that other instruments can’t reach, and they can do it at less…

  • Putin: Ukraine must remain 1 entity

    MOSCOW (AP) — Russian President Vladimir Putin says Ukraine must remain one political entity, voicing hope that the crisis could be solved through peace talks. Putin also said Thursday that the Ukrainian government and pro-Russian rebels in eastern Ukraine should conduct a quick “all for all” prisoners swap before Christmas. He said he feels sure…

  • A look at North Korea’s cyberwar capabilities

    SEOUL, South Korea (AP) — Most North Koreans have never even seen the Internet. But the country Washington suspects is behind a devastating hack on Sony Pictures Entertainment has managed to orchestrate a string of crippling cyber infiltrations of South Korean computer systems in recent years, officials in Seoul believe, despite North Korea protesting innocence.…

  • Swiss central bank imposes negative interest rates

    BERN, Switzerland (AP) — Switzerland’s central bank has imposed negative interest rates on commercial bank deposits, with the aim of preventing the Swiss franc from gaining more strength against other currencies. The move forces commercial banks to pay to deposit their francs with the Swiss National Bank. In a statement Thursday, the central bank said…

  • ‘Free Shipping Day’ exceeds $1 billion in sales

    WASHINGTON — The most wonderful time of year just got even better. Thousands of online retailers are promising free shipping on Thursday with on-time Christmas delivery. “Free Shipping Day” is a shopping day that has grown exponentially,  exceeding $1 billion in sales over the past two years. It’s enticing for many who don’t mind buying a gift, but…

  • India’s space program notches 2 more successes

    NEW DELHI (AP) — India on Thursday announced two more successes in its space program — launching the country’s largest rocket and testing the re-entry of an unmanned crew module, part of India’s quest to send humans into space. The Indian Space and Research Organization said that the 630-ton rocket blasted off from Sriharikota in…

  • Putin says Russia has sufficient currency reserves, the ruble will recover

    MOSCOW (AP) — Putin says Russia has sufficient currency reserves, the ruble will recover.

  • N Korea-linked Sony hack may be costliest ever

    NEW YORK (AP) — The unprecedented hack of Sony Pictures which a U.S. official says is linked to North Korea may be the most damaging cyberattack ever inflicted on an American business. The fallout from the hack that exposed a trove of sensitive documents, and this week escalated to threats of terrorism, forced Sony to…

  • Cubans hope for better future with US-Havana deal

    HAVANA (AP) — Cubans cheered the surprise announcement that their country will restore relations with the United States, hopeful they’ll soon see expanded trade and new economic vibrancy even though the 53-year-old economic embargo remains in place for the time being. “This opens a better future for us,” said Milagros Diaz, 34. “We have really…

  • German business confidence up for 2nd month

    BERLIN (AP) — A closely watched survey shows that business confidence in Germany, Europe’s biggest economy, has risen for the second month in a row as managers’ outlook for the next six months brightens. The Ifo institute said Thursday its monthly confidence index rose to 105.5 points from 104.7 in November. The increase was in…

  • Update on the latest in business:

    FINANCIAL MARKETS Asian markets higher UNDATED (AP) — The Standard & Poor’s 500 index rose 40.15 points, or 2.04 percent, to 2,012.89 Wednesday. That was the biggest gain for the index since October 2013. The Dow Jones industrial average gained 288 points, or 1.7 percent, to 17,356.87. And the Nasdaq composite climbed 96.48 points, or…

  • Gift Guide: Home products come with connectivity

    NEW YORK (AP) — Do you really need an app to tell you to brush and floss? It seems every household appliance is getting some smarts these days, meaning some connection to a phone app and the broader Internet. But then what? To give you a feel for what that connectivity brings, here’s a closer…

  • Sony emails show a studio ripe for hacking

    WASHINGTON (AP) — In the weeks before hackers broke into Sony Pictures Entertainment, the studio suffered significant technology outages it blamed on software flaws and incompetent technical staffers who weren’t paying attention, even as hackers targeted executives to trick them into revealing their online credentials. Its chief executive was regularly reminded in unsecure emails of…

  • Column: Thaw in US-Cuba relations warms up MLB

    If one ripple from the thaw in U.S.-Cuba relations means baseball prospects get off the island and into the major leagues without payoffs to smugglers and threats from kidnappers, it’s hard to see the downside. Just don’t expect too much, too soon. Barely two hours after President Barack Obama’s dramatic announcement Wednesday in Washington, both…

  • Not much chance of Congress stopping Cuba policy

    WASHINGTON (AP) — Opponents of President Barack Obama’s sudden move to re-establish ties with Cuba have little chance of scuttling his effort in Congress. His initiative faces some strong resistance among lawmakers and opened fissures in both parties. Criticism came mostly from Republicans, who say the new policy rewards Cuba’s decades-long policies of repression, human…