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Trump's NATO jabs a boost to arms trade

posted: 01/22/2017 2:04 a.m. Discuss

Donald Trump is right to say says America's NATO allies aren't paying their share of the costs. But, to the delight of the arms industry, that could be changing.

Cannabis firms' trademarks don't include 'pot'

posted: 01/22/2017 2:04 a.m. Discuss

LOS ANGELES -- Hi is a cannabis brand. Its logo -- "hi" in white letters inside an orange circle -- can be found above the front door of a Portland, Ore., marijuana shop and on a handful of cannabis products, including massage oil and Hi Releaf pain-relief balm.

OPEC meets to chart output cuts

posted: 01/21/2017 2:09 a.m. Discuss

Representatives of OPEC and several other major oil producers arrived in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output.

Las Vegas Sands to settle corruption case for $6.9M

posted: 01/21/2017 2:08 a.m. Discuss

Billionaire Sheldon Adelson's casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm's former relationship with a consultant in Macao and China, company and federal officials said Thursday.

Marriott chooses D.C.-area HQ site

posted: 01/21/2017 2:07 a.m. Discuss

Marriott International is still pressing to secure up to $62 million in state and county incentives for a new headquarters, and now the firm knows where it would like to spend it.

N.M. sues over faulty air bags

updated: 01/21/2017 2:06 a.m. Discuss

New Mexico Attorney General Hector Balderas has announced a lawsuit against Japanese manufacturer Takata and a long list of automakers in connection with the sale of cars with dangerous air-bag inflators.

Market report: Dow index breaks losing streak

posted: 01/21/2017 2:04 a.m. Discuss

Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's Thursday loss and snapping a five-day losing streak for the Dow Jones industrial average.

Business news in brief

posted: 01/21/2017 2:03 a.m. Discuss

AIG, Berkshire ink $9.8B insurance deal

Crude's woes a drag on GE

posted: 01/21/2017 1 a.m. Discuss

Shares of General Electric Co. slumped Friday after another quarter hampered by persistent woes in the oil patch.

Union Pacific posts profit gains in 4Q; cost cuts credited

posted: 01/20/2017 1:58 a.m. Discuss

OMAHA, Neb. -- Union Pacific' Corp.'s fourth-quarter profit grew 2 percent as cost cuts offset a 3 percent decline in shipments.

1,093 data breaches logged in U.S., making '16 a record

posted: 01/20/2017 1:58 a.m. Discuss

U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40 percent increase from 2015, according to the Identity Theft Resource Center.

Homebuilders busier in December

posted: 01/20/2017 1:57 a.m. Discuss

WASHINGTON -- U.S. builders increased home construction in December, led by a surge of apartment building, while construction of single-family houses lagged.

Costco's fine $12M in lax-Rx inquiry

posted: 01/20/2017 1:56 a.m. Discuss

SEATTLE -- Costco Wholesale Corp. has agreed to pay nearly $12 million to settle Justice Department allegations of lax pharmacy controls over a four-year period.

U.S. ends Tesla-death probe

posted: 01/20/2017 1 a.m. Discuss

U.S. auto safety regulators on Thursday closed an investigation into a fatal accident involving Tesla Motors Inc.'s Autopilot driver-assist system, and said they didn't find a defect warranting a recall.

U.S. home construction jumps, led by more apartment building

posted: 01/19/2017 11:09 a.m. Discuss

WASHINGTON — U.S. builders ramped up home construction in December, led by a surge of apartment building, while single-family houses lagged.

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