Google’s search engine aims to become employment engine

June 20, 2017, 12:07 am

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SAN FRANCISCO (AP) — Google is trying to turn its search engine into an employment engine. Beginning Tuesday, job hunters will be able to go to Google and see help-wanted listings that its search engine collects across the internet. The results will aim to streamline such listings by eliminating duplicate jobs posted on different sites. […]

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Crisis sees air travel hub Qatar cut off from local routes

June 20, 2017, 12:36 am

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FLYING OVER THE PERSIAN GULF (AP) — Sitting on an airplane from Qatar trying to get home to Dubai, I could only watch frustrated as a scrolling map showed my flight pass overhead of my skyscraper-studded city and continue further east. It’s typically an hour flight between Dubai in the United Arab Emirates and Doha, […]

Boeing admits its 747 ‘Queen of the Skies’ has no future as passenger plane

June 20, 2017, 12:40 am

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Boeing is acknowledging there is “no significant demand” for passenger versions of the 747 jumbo airliner, or its even-larger Airbus rival, the A380. The company only expects to sell freighter and VIP private versions of the airplane that was once its flagship jet.

Air conditioner repairmen in hot demand amid heat wave

June 20, 2017, 12:46 am

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PHOENIX (AP) — Alan Schwandt was rushing to his second job of the day when his phone rang with another desperate Phoenix homeowner calling about a broken air conditioner in the midst of a scorching heat wave. Dressed in gray shorts and navy long-sleeve shirt emblazoned with his company’s bright red logo “Alan’s Air,” Schwandt […]

GOP budget deadlock imperils Trump hopes for tax overhaul

June 20, 2017, 12:46 am

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WASHINGTON (AP) — If Republicans can’t pass a budget, forget about a major overhaul of the nation’s tax code — at least if they want a GOP-only approach with President Donald Trump that would avoid Democratic delaying tactics. Congressional Republicans are struggling to first figure out a budget, but despite weeks of behind-the-scenes negotiations, they […]

Ryan promises to overhaul tax code this year despite hurdles

June 20, 2017, 1:04 am

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WASHINGTON (AP) — House Speaker Paul Ryan is promising to overhaul the tax code by the end of the year despite political divisions among Republicans and a crowded legislative agenda for Congress. Ryan is due to give a speech on tax reform Tuesday afternoon to the National Association of Manufacturers. In excerpts released by his […]

Bank of England chief downplays chance of interest rate hike

June 20, 2017, 1:37 am

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LONDON (AP) — Bank of England Governor Mark Carney is downplaying the possibility of an interest rate increase amid the uncertainty wrought by Britain’s pending departure from the European Union. Carney, in a speech to business leaders Monday, said that while rates will have to rise as spare capacity in the economy declines, “now is […]

Tokyo’s governor decides to keep famous Tsukiji fish market

June 20, 2017, 1:44 am

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TOKYO (AP) — Tokyo’s giant Tsukiji fish market, popular with tourists, won’t be destroyed, although it will be closed for up to five years while it is modernized and turned into a “food theme park,” the capital’s governor said Tuesday. The market will move to a state-of-the-art 600 billion yen ($6 billion) facility in Toyosu […]

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Carla Fendi, philanthropist and fashion force, dies at 79

June 20, 2017, 1:45 am

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MILAN (AP) — Carla Fendi, one of the five sisters who transformed the family leather goods business into a global luxury fashion house long known for its furs, has died following a long illness. She was 79. The Rome-based fashion house confirmed Fendi’s death Monday, expressing pain for the loss and gratitude for her continued […]

Germany’s Merkel vows not to give up on US free trade deal

June 20, 2017, 2:32 am

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BERLIN (AP) — Chancellor Angela Merkel vowed Tuesday to seek a broad agreement on trade at next month’s Group of 20 summit and told German business leaders that she won’t give up on a free-trade deal between Europe and the U.S. Merkel will host leaders of the G-20 powers in Hamburg on July 7-8 amid […]

Dispute over apartheid-era bailout escalates in South Africa

June 20, 2017, 2:33 am

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JOHANNESBURG (AP) — South Africa’s economy, which is in a recession, on Tuesday faced fresh uncertainty over a demand by the state watchdog agency for changes in the way the central bank is run, in escalating fallout from a bank bailout during the apartheid era. The South African rand weakened Monday after Public Protector Busisiwe […]

As Brexit talks begin, Europe sees economic upswing over UK

June 20, 2017, 3:14 am

≫ Next: Pamplona Capital to take Parexel private in $5B cash deal

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LONDON (AP) — When Britain voted to leave the European Union a year ago, proponents argued Britain’s economy was being held back by the slow-growing, dysfunctional bloc. A year on, and with the Brexit divorce talks finally starting, the situation is radically different. Britain’s economy is growing more slowly than Greece’s, its households are getting […]

Pamplona Capital to take Parexel private in $5B cash deal

June 20, 2017, 4:57 am

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Parexel is being acquired by Pamplona Capital Management in a $5 billion deal that will make the pharmaceutical contract researcher a private company. The private equity fund manager said Tuesday that it will pay $88.10 for each share, which represents a nearly 28 percent premium to the company’s stock price in early May before speculation […]

Apple seeks to void patent claims, fees in Qualcomm dispute

June 20, 2017, 5:03 am

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NEW YORK (AP) — Apple is seeking to void some of Qualcomm’s patent claims and licensing agreements, intensifying its legal battle with the chip maker over the technology in iPhones and iPads. In a federal court filing Tuesday, Apple cited a Supreme Court ruling last month that a printer-cartridge maker’s patent rights end with the […]

Chicago alderman, investors make bid for Sun-Times newspaper

June 20, 2017, 5:07 am

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CHICAGO (AP) — An investor group headed by a former Chicago alderman has submitted a bid to buy the Chicago Sun-Times. The investors led by former Alderman Edwin Eisendrath and the Chicago Federation of Labor, an umbrella group of labor unions, submitted the bid for the Sun-Times and Reader Monday. Terms of the offer to […]

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AP Interview: Drones ‘a huge game changer’ for aviation

June 20, 2017, 5:20 am

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PARIS (AP) — The head of the U.S. Federal Aviation Administration says the boom in drone popularity is “a huge game changer” similar “to powered flight or jet engines.” In an Associated Press interview Tuesday, Michael Huerta said “the growth of this industry and how it’s evolving is something that all of us in aviation […]

US current account deficit grew to $116.8 billion in first quarter, highest level in a year

June 20, 2017, 5:31 am

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WASHINGTON (AP) — US current account deficit grew to $116.8 billion in first quarter, highest level in a year.

US current account deficit expands to $116.8 billion

June 20, 2017, 5:32 am

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WASHINGTON (AP) — The U.S. deficit in the broadest measure of trade rose to the highest level in a year during the first quarter. The Commerce Department says the deficit in the U.S. current account rose to $116.8 billion in the January-March period, up 2.4 percent from $114 billion in the last three months of […]

Toshiba prefers US-Japan bidder for memory chip biz sale

June 20, 2017, 8:32 pm

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TOKYO (AP) — Toshiba Corp. has chosen a U.S.-Japan consortium as the preferred bidder in the sale of its lucrative memory chip business. The troubled Japanese electronics giant has had deep recent losses and has been selling pieces of its operations to ensure its survival. Tokyo-based Toshiba said Wednesday the board of directors selected the […]

Concerns about fidget spinners highlight unsafe toys report

June 20, 2017, 9:26 pm

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BOSTON (AP) — A consumer watchdog group says those wildly popular fidget spinners aren’t as harmless as they might appear. Boston-based World Against Toys Causing Harm is scheduled to address spinners and other fad items when the nonprofit organization presents its annual list of unsafe summer playthings on Wednesday. W.A.T.C.H.’s list highlights potentially hazardous items […]