Japanese regulators recommend $22 million fine on Nissan
TOKYO (AP) — Japanese securities regulators are recommending that automaker Nissan be fined 2.4 billion yen ($22 million) over the under-reporting of compensation of its former chairman, Carlos Ghosn.
China's auto sales sink 5.4% in November
BEIJING (AP) — China's auto sales sank 5.4% in November from a year ago, putting the industry's biggest global market on track to shrink for a second year, an industry group reported Tuesday.
Cambodia dismayed over US sanctions for corruption, logging
PHNOM PENH, Cambodia (AP) — The Cambodian government has expressed “strong dismay" over a U.S. Treasury decision to sanction two businessmen suspected of corruption and illegal logging.
Trump, Dems in tentative deal on North American trade pact
WASHINGTON (AP) — House Democrats have reached a tentative agreement with labor leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal that has been a top priority for President Donald Trump.
PG&E's $13.5B deal with fire victims removes huge obstacles
Associated Press (AP) — Pacific Gas and Electric will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy if California Gov.
George Laurer, inventor of ubiquitous UPC, dies at 94
WENDELL, N.C. (AP) — George J. Laurer, whose invention of the Universal Product Code at IBM transformed retail and other industries around the world, has died.
Massachusetts lab to pay $26M for scheme with Texas doctors
SACRAMENTO, Calif. (AP) — Boston Heart Diagnostics Corporation agreed to pay nearly $27 million to settle claims that it allegedly paid doctors in Texas and waived patient co-payments in exchange for lab tests it then billed to federal healthcare programs, the U.S.
Sprint exec messages suggest T-Mobile deal may boost prices
NEW YORK (AP) — Messages by a Sprint executive revealed in federal court suggested he thought an acquisition by T-Mobile might push up mobile-service prices for consumers, undercutting T-Mobile's argument that its deal will benefit Americans.
World trade without rules? US shuts down WTO appeals court
GENEVA (AP) — Global commerce will lose its ultimate umpire Tuesday, leaving countries unable to reach a final resolution of disputes at the World Trade Organization and instead facing what critics call “the law of the jungle.’’ The United States, under a president who favors a go-it-alone approach to economics and diplomacy, appears to prefer it that way.
Amazon says Trump's 'improper pressure' doomed Pentagon bid
Amazon says President Donald Trump's “improper pressure" and behind-the-scenes attacks harmed its chances of winning a $10 billion Pentagon contract.
GM lending $40M to startup company buying closed Ohio plant
TOLEDO, Ohio (AP) — General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year.
Fed is likely to reinforce a message of continued low rates
WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future.
Pension strikes cripple Paris, more travel woes ahead
PARIS (AP) — Paris commuters inched to work Monday through massive traffic jams as strikes against retirement plan changes halted trains and subways for a fifth straight day — with the prospect of a tougher day ahead.
Ex-Fed Chair Volcker dies, tamed inflation with recession
Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office.
Boy on hospital floor dominates Britain's election campaign
LONDON (AP) — A 4-year-old boy in a Spider-Man top lying on a hospital floor took center stage Monday in Britain's election campaign, as the opposition painted his plight as a symptom of the country's ailing health system and branded Prime Minister Boris Johnson heartless for avoiding looking at his photo.
Small business hiring slow, likely to remain so, reports say
NEW YORK (AP) — Two reports last week show that small business hiring still lags behind the strong job growth reported at larger companies, and that owners are unlikely to increase their staffs significantly in 2020.
Mexico may accept US steel trade rule, rejects aluminum
Mexico may accept U.S. requests for greater regional content on steel, as long as there is a five-year phase-in period. Foreign Relations Secretary Marcelo Ebrard said a U.S.
Business economists see US slowing but avoiding recession
Washington (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year.
Stocks slip as investors weigh outlook for US-China trade
Tokyo (AP) — Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute.
EU approves state aid to develop car batteries industry
BRUSSELS (AP) — The European Union has approved 3.2 billion euros ($3.5 billion) in subsidies from seven member countries that want to develop the electric battery industry and challenge China's supremacy.
Official: China hopes for US trade pact as tariff hike nears
BEIJING (AP) — A Chinese official says Beijing wants a prompt settlement of its trade war with Washington. A deputy commerce minister said Monday that Beijing wants “satisfactory results as soon as possible.” The official gave no details of talks on a “Phase 1" deal announced by President Donald Trump in October.
German exports rise in October, defying expectations
BERLIN (AP) — German exports posted a second consecutive month-on-month increase in October, defying economists' expectations of a slight decline.
North Korea opens mountain spa, ski resort in tourism push
SEOUL, South Korea (AP) — North Korean leader Kim Jong Un opened a new mountain spa and ski resort that's intended for people to enjoy “high civilization under socialism” in another example of the country using tourism exemptions in sanctions to build revenue for its broken economy.
Big investors up call for governments to take climate action
MADRID (AP) — More than 600 institutional investors managing a whopping $37 trillion in client assets called Monday for governments to step up their efforts against climate change.
Lufthansa selling European catering business to gategroup
BERLIN (AP) — Lufthansa is selling the European business of its catering and services subsidiary LSG Group to Switzerland-based gategroup for an undisclosed amount, the German airline said Monday.