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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • GM’s Cruise heads down new road with new robotaxi concept

    SAN FRANCISCO (AP) — General Motors’ self-driving car company will attempt to deliver on its long-running promise to provide a more environmentally friendly ride-hailing service in an unorthodox vehicle designed to eliminate the need for human operators to transport people around crowded cities. The service still being developed by GM’s Cruise subsidiary will rely on […]
  • UN report: 70% of world lives where inequality has grown

    UNITED NATIONS (AP) — More than 70% of the world’s people live in countries where inequality has grown since 1990, including China and India, and growing inequalities are benefiting the wealthiest, a U.N. report said Tuesday. But increasing inequality is not a universal trend, the World Social Report 2020 added, saying there has been a […]
  • UK lays out tough child data privacy rules

    LONDON (AP) — Social media sites, games and other online services won’t be allowed to “nudge” British kids into revealing personal details or lowering their privacy settings, under tough new rules drawn up by the country’s privacy regulator. The set of standards aimed at protecting children’s online privacy were released Wednesday by the Information Commissioner’s […]
  • Air bag woes force Honda, Toyota to recall 6M vehicles

    DETROIT (AP) — Two different air bag glitches have forced Toyota and Honda to recall over 6 million vehicles worldwide, and both problems present different dangers to motorists. The Toyota recall affects about 3.4 million vehicles globally and is being done because the air bags may not inflate in a crash. The cars have air […]
  • Toyota recalls 2.9M vehicles; air bags may not inflate

    DETROIT (AP) — Toyota is recalling about 2.9 million cars in the U.S. because the air bags may not inflate in a crash. The recall covers certain 2011-2019 Corollas, the 2011 to 2013 Matrix, the 2012 through 2018 Avalon and the 2013 to 2018 Avalon Hybrid. Toyota says the air bag control computer may not […]
  • United Airlines boosts profit on more revenue, cheaper fuel

    United Airlines reported Tuesday that higher revenue and cheaper fuel helped boost its fourth-quarter profit by nearly 40%, to $641 million. The airline’s forecast of first-quarter earnings easily beat Wall Street expectations. It is not all clear sailing for United, however. The financial report came the same day that United shares tumbled on fear that […]
  • Ex-drug execs get over 2 years in prison for bribery scheme

    BOSTON (AP) — Two former drug company executives were sentenced Tuesday to more than two years in federal prison in a bribery and kickbacks scheme that prosecutors say helped fuel the opioid crisis. Richard Simon, a Seal Beach, California, resident and the former national sales director at Insys Therapeutics, was sentenced in federal court in […]
  • Honda recalls 2.4M old vehicles to replace air bag inflators

    DETROIT (AP) — Honda is recalling 2.4 million older vehicles in the U.S. to replace potentially dangerous Takata air bag inflators. The recall covers certain Honda and Acura vehicles from the 1996 to 2003 model years. Honda says that unlike previous recalls, the inflators do not contain volatile ammonium nitrate. Replacement parts aren’t yet available […]
  • How major stock indexes fared Tuesday

    Stocks closed lower on Wall Street Tuesday after a virus outbreak in China rattled global markets. Banks, industrial and energy stocks accounted for a big share of the selling, outweghing gains in real estate stocks, utilities and household goods makers. Bond prices rose, sending yields lower. Investors are worried that the new coronavirus spreading in […]
  • South Dakota board approves Keystone XL water permits

    FORT PIERRE, S.D. (AP) — The South Dakota Water Management Board on Tuesday approved five water permit applications for Keystone XL pipeline construction. The hearing was so contentious that it stretched into a dozen days over the course of four months as American Indian tribes and environmental groups argued against their approval. After holding a […]