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Business News

  • CNN accepts resignations of 3 involved in retracted story

    NEW YORK - CNN accepted the resignations Monday of three journalists involved in a retracted story about a supposed investigation into a pre-inaugural meeting between an associate of President Donald Trump and the head of a Russian investment fund.
  • Dozens of prospective jurors beg off 'Pharma Bro' case

    NEW YORK - Several prospective jurors have been excused from the federal securities fraud trial of an ex-pharmaceutical company executive because they claimed they couldn't be impartial.
  • Canadian lumber producers face average 27 per cent duties with second wave

    MONTREAL - Canada's softwood lumber industry faces average duties of about 27 per cent after the U.S. Department of Commerce slapped it with an additional 6.87 per cent in preliminary average anti-dumping tariffs.
  • Mongolia's presidential election tightens, runoff likely

    ULAANBAATAR, Mongolia - Mongolia's presidential election appeared headed for a runoff with the latest vote count early Tuesday showing a business tycoon leading the ruling party's candidate and a nationalist wanting the country to benefit more from its mineral wealth.
  • 'Like bombs': Bankrupt company's air bags still out there

    Takata's lethally defective air bags proved to be the company's undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around the world.
  • Ex-CEO's reputation precedes him, affects jury selection

    NEW YORK - Several potential jurors at the federal securities fraud trial of Martin "Pharma Bro" Shkreli were excused on Monday after telling the judge they couldn't be impartial toward the flamboyant former pharmaceutical CEO because of his notoriety for raising the cost of a life-saving drug 5,000 per cent.
  • Family of slain Chicago area Uber driver sues Walmart

    CHICAGO - Relatives of a suburban Chicago Uber driver who was fatally attacked while on the job has sued Walmart, where authorities say the driver's teenage attacker stole weapons just before the killing.
  • Company curbs sale of panels used on burned London high-rise

    LONDON - Arconic, the metal products maker that was once part of Alcoa Inc., said Monday it will stop selling one type of aluminum composite paneling for use on high-rise buildings after speculation that the material contributed to the spread of a deadly fire at a London apartment tower.
  • Senate Democrats: Boost domestic spending, not just defence

    WASHINGTON - Senate Democrats, whose support is needed to pass more than $1 trillion worth of Cabinet department budgets, are demanding that domestic agencies receive budget increases, not just the Pentagon.
  • Jury pick starts in UN-bribery trial of Chinese billionaire

    NEW YORK - Jury selection began Monday in the New York criminal trial of a Chinese billionaire charged with trying to bribe United Nations diplomats to ease approval of a U.N. conference centre.
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