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MONEY NEWS FROM THE ASSOCIATED PRESS

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  • US agency examining Tesla unintended acceleration complaint

    DETROIT (AP) — The U.S. government’s auto safety agency is looking into allegations that all three of Tesla’s electric vehicle models can suddenly accelerate on their own. An unidentified person petitioned the National Highway Traffic Safety Administration asking for an investigation into the problem. An agency document shows 127 owner complaints to the government that […]
  • US housing construction jumps 16.9% in December

    WASHINGTON (AP) — Construction of new homes surged in December to the highest level in 13 years, capping a year in which falling mortgage rates and a strong labor market helped lift the prospects of the housing industry. The Commerce Department reported Friday that builders started construction on 1.61 million homes at a seasonally adjusted […]
  • AP Exclusive: AT&T under pressure to defy Maduro’s censors

    MIAMI (AP) — Last April, as a military uprising roiled Venezuela, Nicolás Maduro’s socialist government ordered pay TV providers to immediately cease transmission of CNN and the BBC. DirecTV, which is wholly owned by AT&T, quickly obliged, yanking the two networks off the air as live images of military trucks running over protesters were being […]
  • AP Exclusive: AT&T under pressure to defy Maduro’s censors

    MIAMI (AP) — Last April, as a military uprising roiled Venezuela, Nicolás Maduro’s socialist government ordered pay TV providers to immediately cease transmission of CNN and the BBC. DirecTV, which is wholly owned by AT&T, quickly obliged, yanking the two networks off the air as live images of military trucks running over protesters were being […]
  • Paris Louvre museum closed amid strikes over pension plans

    PARIS (AP) — Paris’ Louvre museum was closed Friday as dozens of protesters blocked the entrance to denounce the French government’s plans to overhaul the pension system. Also closed, therefore, was the Louvre’s Leonardo Da Vinci exhibit marking the 500th anniversary of the Italian master’s death, the museum said. Several dozen protesters, including some Louvre […]
  • SoftBank to invest $40 billion for new Indonesia capital

    JAKARTA, Indonesia (AP) — Japan’s SoftBank is offering to invest $30 billion to $40 billion in the development of a new Indonesian capital, an official said Friday. The billionaire founder and chief executive of SoftBank Group Corp., Masayoshi Son, hinted at partnering with the Indonesian government to fund the project when he met President Joko […]
  • Sales of flowers, pork push Dutch farm exports to new record

    THE HAGUE, Netherlands (AP) — Dutch agriculture exports rose 4.6% in 2019 from the previous year to a new record of 94.5 billion euros ($105.2 billion), the country’s statistics office and a research organization said Friday. In this country famous for its colorful fields of tulips, horticultural products such as fresh flowers, bulbs and plants […]
  • Fiat Chrysler in talks with Foxconn to develop electric cars

    MILAN (AP) — Fiat Chrysler is in talks with the Taiwanese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Friday. Fiat Chrysler is in the process of merging with France’s PSA Peugeot, which is 12% owned by Chinese company Dongfeng Motor Co. Both Fiat Chrysler and Peugeot have lagged in developing […]
  • Ghosn lawyers rebut new Nissan claims against fugitive exec

    TOKYO (AP) — The legal team of Nissan’s former chairman Carlos Ghosn issued a statement Friday refuting the latest allegations by the Japanese automaker against the fugitive businessman. Nissan Motor Co. on Thursday filed a new set of allegations to the Tokyo Stock Exchange against Ghosn, who skipped bail and fled to Lebanon, saying he […]
  • Ex-US rep’s fate rests with judge in insider trading case

    NEW YORK (AP) — A judge must decide the fate of former U.S. Rep. Christopher Collins after his lawyers and prosecutors disagreed over how he should be punished for conspiring in an insider trading scheme. U.S. District Judge Vernon Broderick in Manhattan will sentence the 69-year-old Republican on Friday afternoon. Collins’ lawyers said he is […]