About 10,000 au pairs to get paid in class-action settlement
DENVER (AP) — About 10,000 live-in childcare workers from around the world will share in a class-action settlement in a case that challenged whether they should be treated as employees entitled to minimum wage or members of the family learning about the United States while helping out at home.
Boeing to take a $4.9 billion charge over grounded jet
DALLAS (AP) — Boeing said Thursday it is booking a $4.9 billion charge to cover possible compensation to airlines that have canceled thousands of flights since the 737 Max jet was grounded after two deadly accidents.
Microsoft cloud growth beats expectations
Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing business that the company says now accounts for almost a third of its total revenue.
Deemed dangerous, Epstein denied bail in sex abuse case
NEW YORK (AP) — A judge who denied bail for jailed financier Jeffrey Epstein on sex trafficking charges Thursday said he poses a danger to the public and seems to still have an uncontrollable urge for sexual conduct with or in the presence of underage girls.
House OKs $15 minimum wage, setting marker for 2020 campaign
WASHINGTON (AP) — House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a decade, to $15 an hour, transforming an issue that once splintered the party into a benchmark for the 2020 election.
New York's climate plan will drive big changes, if it works
ALBANY, N.Y. (AP) — Solar panels on every roof. Parking meters that double as car chargers. Wind turbines towering above farm fields and ocean waves.
US stock indexes shake off an early loss and close higher
NEW YORK (AP) — U.S. stocks reversed course from an early slump and closed higher Thursday to break a two-day losing streak after technology and bank stocks rallied.
Automaker BMW names production chief Zipse as new CEO
FRANKFURT, Germany (AP) — BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of doing business such as electric vehicles and offering cars on a per-use basis.
Netflix subscriber drop hints at streaming-service fatigue
NEW YORK (AP) — How much is too much for streaming video? A dramatic slowdown in worldwide growth at Netflix — including the first quarterly drop in its U.S.
Mnuchin: Negotiators agree on core elements of budget deal
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Thursday that negotiators have reached an agreement on the core elements of a deal to increase the government's borrowing cap and set a $1.3 trillion overall level for the agency budgets that Congress passes each year.
Facebook's Libra gets stark warning from G-7 finance chiefs
CHANTILLY, France (AP) — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before "serious regulatory and systemic concerns" are addressed.
Toys R Us plans a small comeback with 2 stores this year
NEW YORK (AP) — The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small comeback of the defunct iconic toy chain in the U.S.
AP FACT CHECK: Trump hypes stock gains for the less wealthy
WASHINGTON (AP) — President Donald Trump is misrepresenting the facts when he says the rising stock market has largely benefited working-class Americans.
Union Pacific delivers 4% better 2Q profit on lower expenses
OMAHA, Neb. (AP) — Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its expenses by 7%.
US average long-term mortgage rates rise; 30-year at 3.81%
WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the Federal Reserve could reduce interest rates soon.
Lawmakers impede next UK leader's path to a no-deal Brexit
LONDON (AP) — With Britain set to get a new pro-Brexit leader within days, lawmakers on Thursday erected a roadblock in the path of any attempt by the incoming prime minister to take the country out of the European Union without a divorce deal.
Authorities: Pharmaceutical distributor indicted for opioids
CINCINNATI (AP) — Federal authorities say a wholesale pharmaceutical distributor and others have been charged in Ohio with conspiring to distribute millions of painkiller pills.
The Latest: House OKs minimum wage hike, Senate chances dim
WASHINGTON (AP) — The Latest on legislation to raise the federal minimum wage (all times local): 12:05 p.m. The House has approved legislation to raise the federal minimum wage for the first time in a decade, to $15 an hour.
EU fines chipmaker Qualcomm for 'predatory pricing'
BRUSSELS (AP) — In yet another European Union move against a U.S. tech company, the bloc's antitrust chief on Thursday fined chipmaker Qualcomm $271 million, accusing it of "predatory pricing" to drive a competitor out of the market.
UnitedHealth hikes profit forecast after big 2Q
UnitedHealth raised profit expectations for the year after second-quarter earnings climbed almost 13%, and the nation's largest health insurer continued expanding beyond its core business and into care delivery.
Facing Trump's tariffs, some companies move, change or wait
WASHINGTON (AP) — Some are moving factories out of China. Others are strategically redesigning products. Some are seeking loopholes in trade law or even mislabeling where their goods originate — all with the goal of evading President Donald Trump's sweeping tariffs on goods from China.
South Korean political parties back Moon in Japan trade row
SEOUL, South Korea (AP) — Setting aside their usual bickering, South Korean liberal and conservative parties on Thursday vowed to cooperate to help the Seoul government prevail in an escalating trade row with Japan.
Global stocks mostly slide on trade war fears
BEIJING (AP) — Global stock markets mostly fell on Thursday after U.S. President Donald Trump said he could impose more tariffs on Chinese goods and Japan's exports tumbled.
The Latest: US still mulling retaliation for French tech tax
CHANTILLY, France (AP) — The Latest on the G-7 finance ministers' meeting (all times local): 12:50 p.m. U.S. Treasury Secretary Steven Mnuchin says the White House will press ahead with its investigation of France's digital tax, which is aimed at companies like Google and Amazon, as a possible unfair trade measure that could lead to retaliation.
EU clears Vodafone's $22 billion deal to expand in Europe
BRUSSELS (AP) — The European Union has cleared telecom operator Vodafone's acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary and Romania but has imposed some conditions.