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Icahn said to have won control of board at SandRidge

(c) 2018, Bloomberg. Activist investor Carl Icahn has won control of embattled oil and gas driller SandRidge Energy Inc.‘s board based on preliminary results, according to people familiar with the matter. Icahn has won at least four of the seven board seats at the Oklahoma-based explorer, said the...


Business

Pratt & Whitney close to fix for part that delayed Airbus jets

(c) 2018, Bloomberg. Pratt & Whitney is close to finalizing the redesign of a faulty engine part that forced Airbus to halt deliveries of its A320neo narrow-body jet at the start of the year. Once approved by regulators, the revamped knife-edge seal would be fitted to turbines during regular...


National Business

APNewsBreak: Verizon to end location data sales to brokers

Verizon Wireless Tracking

Verizon is pledging to stop sales through intermediaries of data that pinpoints the location of mobile phones to outside companies, the Associated Press has learned. It is the first major U.S. wireless carrier to step back from a business practice that has drawn criticism for endangering privacy....


Business

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

APNewsBreak: Verizon to end location data sales to brokers Global indexes slump as Trump threatens more China tariffs In tit-for-tat, Trump threatens more tariffs against China The Latest: China ‘underestimated’ Trump, a key adviser says US housing starts jumped 5 pct. in May off Midwest building...


Business

Russia to slam retaliatory tariffs on US imports

MOSCOW (AP) — Russia has announced retaliatory measures in response to the U.S. move to impose tariffs on foreign steel and aluminum. Economic Development Minister Maxim Oreshkin said a statement on Tuesday that Moscow has decided to apply retaliatory measures in line with the World Trade...


Business

Global indexes slump as Trump threatens more China tariffs

Financial Markets Wall Street

NEW YORK (AP) — Global stock markets slumped Tuesday after President Donald Trump threatened to put tariffs on another $200 billion in imports from China, and the Chinese government said it would retaliate, bringing tensions between the world’s two largest economies closer to a boil. The Dow Jones...


Business

In tit-for-tat, Trump threatens more tariffs against China

Trump

WASHINGTON (AP) — President Donald Trump has directed the U.S. Trade Representative to prepare new tariffs on $200 billion in Chinese imports as the two nations move closer to a potential trade war. The tariffs, which Trump wants set at a 10 percent rate, would be the latest round of punitive...


Business

OPEC oil ministers gather to discuss production increase

OPEC Meeting

VIENNA (AP) — The oil ministers of the OPEC cartel were gathering Tuesday to discuss this week whether to increase production of crude and help limit a rise in global energy prices. The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a...


Business

China blasts new US tariff threat, warns it will retaliate

China US Trade

BEIJING (AP) — China on Tuesday threatened “comprehensive measures” in response to U.S. President Donald Trump’s new tariff hike, raising the possibility Beijing might target operations of American companies. Trump’s announcement fueled fears that economic losses, limited so far to companies hit by...


Business

US housing starts jumped 5 pct. in May off Midwest building

Home Construction

WASHINGTON (AP) — A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s...


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