Business News

Stock market woes raise a nagging fear: Is a recession near? BALTIMORE -- Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 -- during the Great Dep... by JOSH BOAK, AP Economics Writer - December 18, 2018

US stocks claw back some of their big losses; oil slides NEW YORK -- U.S. stocks climbed Tuesday morning, putting at least a temporary halt to the steep market losses that circled the globe in prior days. Asian market... by STAN CHOE, AP Business Writer - December 18, 2018

CBS denies former CEO Les Moonves $120 million severance NEW YORK -- CBS announced Monday that former CEO Les Moonves will not receive his $120 million severance package after the board of directors concluded he viola... by ALEXANDRA OLSON, Associated Press - December 18, 2018

Stocks take a dive 2nd session in row; tech, retail, health care lead slump Another day of big losses knocked U.S. stocks to their lowest levels in more than a year Monday as the volatility of recent weeks resumed ahead of the holidays. by COMPILED BY DEMOCRAT-GAZETTE STAFF WIRE REPORTS - December 18, 2018

Trump urges Fed to eschew rate rise President Donald Trump on Monday urged the Federal Reserve not to raise interest rates, but Fed officials are widely expected to do so this week despite the pre... by Heather Long The Washington Post - December 18, 2018

6 years in prison for bank ex-chief The former president of the only financial institution criminally charged in connection with the federal bank bailout program was sentenced Monday to six years ... by RANDALL CHASE The Associated Press - December 18, 2018

Amazon needs delivery drivers Jeff Bezos captured the world's imagination when he appeared on CBS's 60 Minutes and pledged to fill the skies with package delivery drones. by Spencer Soper and Thomas Black Bloomberg News - December 18, 2018

U.S., Chinese envoys raise trade dispute during WTO review China and the United States on Monday clashed again over their respective trade policies at a time when the two countries are trying to iron out their differenc... by COMPILED BY DEMOCRAT-GAZETTE STAFF WIRE REPORTS - December 18, 2018

Opportunity Zone investors draw criticism over targets A real estate investment firm co-founded by President Donald Trump's son-in-law and adviser, Jared Kushner, is betting big on the administration's Opportunity Z... by JEFF HORWITZ and STEPHEN BRAUN The Associated Press - December 18, 2018

Google to add $1B campus in NYC Google said Monday it will expand its presence in New York City with a $1 billion campus in the West Village, allowing the company to double the size of its 7,0... by Ed Shanahan THE NEW YORK TIMES - December 18, 2018

California sees it place in the sun When Irvine, Calif.-based City Ventures started sticking solar panels on all of its homes six year ago, the builder emerged as a front-runner in the race toward... by Jack Flemming Los Angeles Times - December 18, 2018

News in brief Lakefront hotel set December 18, 2018

Business news in brief Event today to promote destination LR December 18, 2018

US stocks drop to a 14-month low as tech, health care drop NEW YORK -- U.S. stocks are skidding Monday as another day of big losses takes the market to its lowest level in more than a year. Retailers and technology stoc... by MARLEY JAY, AP Markets Writer - December 17, 2018

After judge's ruling against Obamacare, what happens now? WASHINGTON -- A federal judge's ruling would, if upheld, wipe away the entire Affordable Care Act, the health care overhaul championed by President Barack Obama... by MARK SHERMAN, Associated Press - December 17, 2018