Business

December 21, 2018 - 6:36 pm
TULSA, Okla. (AP) — Federal prosecutors said Friday that a Chinese national employed by an Oklahoma petroleum company has been charged with stealing trade secrets. Authorities said Hongjin Tan, 35, is accused of stealing trade secrets from his unnamed U.S.-based employer that operates a research...
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FILE - In this file photo taken Thursday, May 22, 2014, Liu Qiangdong, also known as Richard Liu, CEO of JD.com, raises his arms to celebrate the IPO for his company at the Nasdaq MarketSite, in New York. An attorney for Liu welcomes a decision by Minnesota prosecutors not to charge Liu after a Chinese college student accused him of sexual assault. The attorney says Liu was arrested "based on a false claim," and the decision not to file charges "vindicates him." Prosecutors said Friday, Dec. 21, 2018, that "profound evidentiary problems" would have made it "highly unlikely" to prove any charges beyond a reasonable doubt. (AP Photo/Mark Lennihan, File)
December 21, 2018 - 5:48 pm
MINNEAPOLIS (AP) — Chinese billionaire Richard Liu will not face charges over a rape accusation by a Chinese woman studying in Minnesota because prosecutors said Friday they could not prove his guilt beyond a reasonable doubt. Liu, founder of the Beijing-based e-commerce site JD.com, was arrested...
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FILE - In this March 11, 2004 file photo, Audrey Geisel, widow of famed children's book author Theodor Seuss Geisel, better known as Dr. Seuss, poses with The Cat in the Hat, foreground, and Thing 1 and Thing 2, who are characters from his books, at the dedication of Dr. Seuss' posthumous star on the Hollywood Walk of Fame in Los Angeles. Geisel died peacefully at her La Jolla, Calif., home on Wednesday, Dec. 19, 2018, at age 97. (AP Photo/Reed Saxon, File)
December 21, 2018 - 5:46 pm
LOS ANGELES (AP) — As Dr. Seuss neared the end of his life, the children's author told his wife that she would have to look after the Cat in the Hat, the Lorax, the Grinch and all the beloved characters he created. It was a mission Audrey Geisel embraced for more than a quarter-century. As overseer...
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December 21, 2018 - 4:42 pm
Wall Street's sharp downturn beginning in October has pulled the Nasdaq composite index into what's known as a bear market. The benchmark S&P 500 index is in what Wall Street calls a correction, and is headed toward a bear market, threatening to end the more than 9-year U.S. bull market run...
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FILE- In this Jan. 30, 2018, file photo, a container ship waits to be unloaded at the Port of Oakland in Oakland, Calif. The U.S. economy expanded at a solid 3.4 percent annual rate in the third quarter, slightly slower than the previous estimate as consumer spending and exports were revised lower. The economy is expected to slow further in the current quarter. The Commerce Department said Friday, Dec. 21, 2018, that growth in the gross domestic product, the economy’s total output of goods and services, was revised down from an earlier estimate of 3.5 percent. (AP Photo/Ben Margot, File)
December 21, 2018 - 4:28 pm
WASHINGTON (AP) — The U.S. economy has turned in a stellar performance this year. But mounting problems, from trade tensions to jittery financial markets and political gridlock in Washington, are expected to sharply slow growth in 2019. The Commerce Department estimated Friday that the economy, as...
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FILE - This June 25, 2017, file photo shows TK Holdings Inc. headquarters in Auburn Hills, Mich. More than three years after the government took over management of recalls involving dangerous Takata air bag inflators, one third of the recalled inflators still have not been replaced. That's according to an annual report on the recalls issued Friday, Dec. 21, 2018 by the government and a court-appointed recall monitor. (AP Photo/Paul Sancya, File)
December 21, 2018 - 3:57 pm
DETROIT (AP) — More than three years after the government took over management of recalls involving dangerous Takata air bag inflators, one third of the recalled inflators still have not been replaced. That's according to an annual report on the recalls released late Friday by the government and a...
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This photo made with a slow shutter speed shows the exterior of the New York Stock Exchange on Thursday evening, Dec. 20, 2018. Stocks went into another slide Thursday in what is shaping up as the worst December on Wall Street since the depths of the Great Depression, with prices dragged down by rising fears of a recession somewhere on the horizon. The Dow Jones Industrial Average dropped 464 points, bringing its losses to more than 1,700 since last Friday. (AP Photo/Patrick Sison)
December 21, 2018 - 3:17 pm
NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Another day of big losses is leaving the U.S. stock market with its worst weekly drop in more than seven years. The benchmark S&P 500 index ended a brutal week down 7 percent Friday, led by big drops in...
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FILE- This July 17, 2017, file photo shows a Netflix logo on an iPhone in Philadelphia. Netflix, Inc. reports earnings Monday, July 16, 2018. Netflix started 2018 with almost 118 million subscribers and went on to win its first feature-film Oscar. It briefly surpassed Disney as the most valuable U.S. media company and lured the likes of superstar show runners Shonda Rhimes and Ryan Murphy, not to mention Barack and Michelle Obama. For that and more, Netflix has been named The Associated Press Entertainer of the Year, voted by members of the news cooperative and AP entertainment reporters.(AP Photo/Matt Rourke, File)
December 21, 2018 - 2:32 pm
NEW YORK (AP) — Netflix has been named Entertainer of the Year by The Associated Press. The streaming service started 2018 with almost 118 million subscribers and went on to win its first feature-film Oscar. It briefly surpassed Disney as the most valuable U.S. media company and lured the likes of...
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December 21, 2018 - 1:06 pm
ST. PAUL, Minn. (AP) — Minnesota Gov. Mark Dayton's administration has appealed a state regulatory panel's approval of Enbridge Energy's plan to replace its aging Line 3 oil pipeline across northern Minnesota. The Minnesota Department of Commerce said Friday that the Public Utilities Commission...
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December 21, 2018 - 12:38 pm
The average major league salary dropped this year for the first time since 2004 and for only the fourth time since record-keeping started 50 years ago, according to the players' association. The union said Friday its final average was $4,095,686, down $1,436 from $4,097,122 last year. Since the...
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