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U.S. threatens 20% tax on EU autos

posted: 06/23/2018 2:38 a.m. Discuss

President Donald Trump on Friday threatened in a tweet to unilaterally impose a 20 percent tariff on all automobile imports from Europe, further breaking from Republicans in Congress and front-running an investigation he had ordered from the Commerce Department into whether these imports harm national security.

Airline's dog rule has fliers barking

posted: 06/23/2018 2:36 a.m. Comments 2

ATLANTA -- Delta Air Lines says it's no longer allowing passengers to fly with "pit bull type" dogs as service or support animals, a policy that's being met with criticism by groups that train service dogs and the people who use them.

Panel raps union acts at Disney

posted: 06/23/2018 2:33 a.m. Discuss

ORLANDO, Fla. -- A Teamsters union representing bus drivers and costumed characters at Disney World committed an unfair labor practice when it ignored members' requests to resign from the union, a labor relations panel ruled this week, upholding almost all of a judge's earlier decision.

Dow ends skid as oil stocks climb

updated: 06/23/2018 2:29 a.m. Discuss

NEW YORK -- Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.

Business News in Brief

updated: 06/23/2018 2:27 a.m. Discuss

IRS tax-credit ruling buoys solar sector

EU begins imposing tariffs on U.S. peanuts, motorcycles and whiskey

posted: 06/22/2018 2:04 p.m. Comments 3

BRUSSELS — The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks.

Europe answers Trump's tariffs

posted: 06/22/2018 2:22 a.m. Comment 1

GOTHENBURG, Sweden -- The European Union is making good on its threats to retaliate against U.S. tariffs, moving to impose penalties on $3.2 billion of U.S. products made by President Donald Trump's political base, like bourbon, motorcycles and orange juice.

Airport widens scanning of faces

posted: 06/22/2018 2:20 a.m. Discuss

ORLANDO, Fla. -- Florida's busiest airport is becoming the first in the nation to require a face scan of passengers on all arriving and departing international flights, including U.S. citizens, according to officials there.

In a first, Chanel posts its earnings

posted: 06/22/2018 2:18 a.m. Discuss

LONDON -- Synonymous with French high fashion and blockbuster Parisian runway shows, Chanel is one of the biggest brands in the global luxury business. Its octogenarian creative director and the personal style of its chic female founder are the stuff of legend.

Utility expects $2.5B bill for fires

posted: 06/22/2018 2:17 a.m. Discuss

SAN FRANCISCO -- A Northern California utility said Thursday that it expects to pay at least $2.5 billion in connection with deadly wildfires that whipped through wine country last October -- some of them ignited by its fallen power lines.

Airlines say sick-pay laws don't apply

posted: 06/22/2018 2:15 a.m. Discuss

Fed up with state and local laws requiring private employers to offer paid sick days, airlines and a railroad have filed suit, claiming that the interstate nature of their businesses should make them exempt.

Consumer bureau is ruled unconstitutional by judge

posted: 06/22/2018 2:13 a.m. Discuss

A New York federal judge ruled Thursday that the structure of the Consumer Financial Protection Bureau is unconstitutional and that the watchdog agency should be eliminated.

Market Report: Stocks fall; Dow slides for 8th day

posted: 06/22/2018 2:11 a.m. Discuss

NEW YORK -- Shares of automakers and technology and industrial companies fell Thursday as investors focused on the U.S.-China trade dispute, which stands to reduce company spending and earnings. The Dow Jones industrial average slipped for the eighth day in a row.

Business News in Brief

posted: 06/22/2018 2:09 a.m. Discuss

Iran firmly against OPEC output increase

Business news in brief: Steel merger to bear 85 Fort Smith jobs

posted: 06/21/2018 4:30 a.m. Discuss

A new company, the result of a recent merger, is basing its manufacturing headquarters in Fort Smith, providing 85 new jobs to the area.

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