Business

Latest

  • Facility being built at Rhode Island university collapses

    SMITHFIELD, R.I. (AP) — An athletic building under construction at a private Rhode Island university has collapsed, injuring six workers. The workers were installing steel beams on a new indoor practice facility for Bryant University…

  • Valeant steps in to work on psoriasis drug with AstraZeneca

    NEW YORK (AP) — Canadian drugmaker Valeant will work with British competitor AstraZeneca on a potential treatment for psoriasis a few months after biotech giant Amgen said it was ending research on the drug because…

  • US stocks fall sharply on bleak Chinese manufacturing report

    NEW YORK (AP) — More signs of weakness in China’s economy are sending stocks and the price of oil sharply lower. The swoon Tuesday comes a day after U.S. stocks closed out their worst month…

  • US auto market remains bright spot as China pulls back

    DETROIT (AP) — U.S. auto sales remain a bright spot in a global car market encountering turbulence in important countries such as China. It’s a complete reversal from six years ago, when U.S. vehicle sales…

  • Amazon to let Prime members download videos

    NEW YORK (AP) — Amazon is upping the ante in the streaming-video competition with downloadable videos. The e-commerce powerhouse will now let members of its $99 annual Prime loyalty program download some shows and movies…

  • 5 things to watch at the IFA gadget show in Berlin

    BERLIN (AP) — Some 1,500 companies and over 250,000 people are expected to visit Europe’s flagship technology show, the IFA in Berlin, when it opens to the public on Friday. The event, which runs through…

  • Hilton dips toe in ‘sharing economy’ with Uber partnership

    Hilton is hailing the ride sharing service Uber to help guests reach its hotels and then explore the city where they are staying. The companies said Tuesday that Hilton guests will be able to set…

  • US factory output up in August at slowest pace since May ’13

    WASHINGTON (AP) — A strong dollar and China’s economic slowdown dragged growth at U.S. factories to the lowest level since May 2013. The Institute for Supply Management reported Tuesday that its manufacturing index slid to…

  • US construction spending reaches highest level in 7 years

    WASHINGTON (AP) — U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said…

  • Turmoil returns to markets after weak economic data from China

    NEW YORK (AP) — One analyst says yesterday’s “relatively peaceful markets are a distant memory.” John Briggs of RBS is reacting to today’s selloff on Wall Street and around the world — a reaction to…

  • Consumer panel: Airlines should disclose fees, seat size

    WASHINGTON (AP) — Airlines should clearly disclose the cost of change and cancellation fees, as well as the size of the plane’s seats, before a passenger buys a ticket, a federal panel said Tuesday. Hotels…

  • Canadian PM denies recession despite 2 negative quarters

    TORONTO (AP) — Canadian Prime Minister and election candidate Stephen Harper is declining to say the country is in recession despite new data that shows that it is. Government agency Statistics Canada reported Tuesday the…

  • Dollar mixed

    The U.S. dollar is mixed against other North American currencies in New York trading. It’s worth 1.31 Canadian dollars, down from late Monday. And the dollar is trading at 16.82 Mexican pesos, up from late…

  • New Hampshire’s Flume Gorge a slice of the geological past

    LINCOLN, N.H. (AP) — At the Flume Gorge in the heart of the New Hampshire’s White Mountain National Forest, vertical walls of darkened Conway granite stretch nine stories skyward and 800 feet (245 meters) long…

  • Grain mostly lower, livestock lower

    CHICAGO (AP) — Grain futures were mostly lower in early trading Tuesday on the Chicago Board of Trade. Wheat for December delivery gained 3.50 cents to $4.8860 a bushel; December corn was 3.25 cents lower…