News

Business

Cause of Iowa derailment, oil spill amount still a mystery

Derailment Evacuation

DOON, Iowa (AP) — Crews are working to clean up a BNSF oil train derailment in Iowa that dumped crude into floodwaters, while officials seek to get a handle on the extent of the spill and its cause. BNSF spokesman Andy Williams says 33 oil tanker cars derailed Friday just south of Doon, leaking oil...


State

11 South Jordan homes in path of highway realignment

SOUTH JORDAN, Utah (AP) — Nearly a dozen homes in South Jordan could be demolished to make way for a freeway interchange. The Utah Department of Transportation is rebuilding the Bangerter Highway to improve traffic flow. The agency says nearly 60,000 vehicles travel daily on the highway, and that’s...


Business

Oklahoma medical pot question hinges on conservative support

Oklahoma Primary Marijuana

LINDSAY, Okla. (AP) — Danny Daniels, an evangelical Christian in the rural Oklahoma town of Lindsay, is reliably conservative on just about every political issue. The 45-year-old church pastor is anti-abortion, voted for President Donald Trump and is a member of the National Rifle Association who...


National Business

OPEC and allies agree to share oil production increase

Austria OPEC Meeting

VIENNA (AP) — OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil — a move that should help contain the recent rise in global energy prices. Russia and other oil-producing...


Business

Massachusetts cities seek to regulate short-term rentals

BOSTON (AP) — It’s a daunting challenge for cities: What happens when too many people fall in love with you and want to move in — even just for a night or two? The latest version of that question is playing out in Massachusetts cities like Boston, Cambridge and Somerville, which have struggled to...


Business

AP Top Business News at 11:35 a.m. EDT

OPEC and allies agree to share oil production increase Xiaomi seeks to raise up to $6 billion in Hong Kong IPO Pro-EU protesters march in London, demand new vote on Brexit Police: Backup driver in fatal Uber crash was distracted Car dealers gear up for Saudi women to hit the roads The Latest: Auto...


Business

Xiaomi seeks to raise up to $6 billion in Hong Kong IPO

Hong Kong Xiaomi IPO-9

SEOUL, South Korea (AP) — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong...


Business

Florida gets high marks for handing of state finances

TALLAHASSEE, Fla. (AP) — Florida is getting high marks from a major ratings agency for a “sustained” and “robust” recovery from the Great Recession. Moody’s Investors Services upgraded the state’s bond rating to AAA. That’s the highest rating the agency awards and means Florida will pay lower...


Government

Trump advises GOP: Quit wasting time on immigration.

Trump

WASHINGTON (AP) — Just when House Republicans needed Donald Trump’s backing the most — on their big immigration overhaul — he dashed off a presidential tweet saying they should quit wasting their time on it. The Friday tweet is hardly the first time the president has abandoned his allies in a...


Business

Online sellers consider how to comply with sales tax ruling

Supreme Court Sales Tax Small Businesses

NEW YORK (AP) — While a Supreme Court ruling on sales taxes will create more obligations and expenses for many small online retailers, owners are already thinking about how they’ll comply. The decision allows states to require out-of-state businesses to collect sales tax from customers in other...


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