Business

Box Elder tax increment program for biofuels company is on hold

Washakie Renewable Energy expansion

Box Elder County made ready to help a biofuels company’s expansion plans. But four years...

World

Summer drinks may lack fizz amid carbon dioxide shortage

Britain Russia Soccer WCup England Tunisia

LONDON (AP) — A British trade group says there’s a shortage of carbon dioxide in Northern Europe, sparking fears that drinks may lack fizz just as thirsty soccer fans fill pubs for the World Cup. Gavin Partington, director-general of the British Soft Drinks Association, says the shortage is due to...


Business

Survey: Companies in China feel pressure to give up tech

China Foreign Business

BEIJING (AP) — One in five foreign companies in China feels compelled to hand over technology for market access, a business group said Wednesday, highlighting a key irritant in an escalating U.S.-Chinese trade dispute. The European Union Chamber of Commerce in China’s report follows President...


Government

Commerce chief denies transactions involved insider trading

Commerce Secretary Russian Company

WASHINGTON (AP) — Commerce Secretary Wilbur Ross made a trade betting that the stock in a shipping company with Russian-government ties would fall, a transaction coming just days after he learned of a possible negative news story about his investment in the company. Ross reported on a government...


Business

AP Top Business News at 6:38 a.m. EDT

Hyundai Motor, Audi join hands for fuel cell technology Unionized MGM workers in Las Vegas ratify contract GE to end more than 100-year run on Dow; Walgreens added Summer drinks may lack fizz amid carbon dioxide shortage Global stocks rise, unfazed by US-China tensions Fox News Channel faces...


Auto

Hyundai Motor, Audi join hands for fuel cell technology

South Korea Hyundai Motor Audi

SEOUL, South Korea (AP) — Hyundai Motor Group said Wednesday it signed an agreement with Audi AG to jointly develop electronics vehicles powered by fuel cell. Under the multi-year agreement, Hyundai’s affiliates including Kia and Audi’s parent company Volkswagen AG will share components, supply...


Business

Global stocks rise, unfazed by US-China tensions

Hong Kong Financial Markets

SINGAPORE (AP) — Asian and European stocks rose on Wednesday as investors rallied around signs that the global economy was on track, amid heated exchanges between the world’s two largest economies over trade. KEEPING SCORE: European shares rose in early trading. Germany’s DAX rose 0.4 percent to 12,...


Business

South Korean crypto exchange loses $31 million from hack

South Korea Crypto Exchange Hack

SEOUL, South Korea (AP) — A leading South Korean cryptocurrency exchange said Wednesday that $31 million worth of virtual currencies have been stolen by hackers, a latest in the series of recent hacks that raised security concerns. Bithumb, South Korea’s second-largest exchange, said cyberattacks...


Business

Builders of Gehry's Toronto towers brace for dip as market cools

(c) 2018, Bloomberg. Great Gulf Group is well aware it’s forging ahead with one of Canada’s ritziest condo projects in a market that appears to be cooling. In fact it’s bracing for the possibility. The developer plans to construct the country’s tallest residential buildings -- two towers as high as...


Business

Volvo to open South Carolina, first in United States

RIDGEVILLE, S.C. (AP) — Volvo Cars is officially opening its South Carolina plant — the Swedish carmaker’s first plant in the United States The first of Volvo’s redesigned S60 sedans will roll off the assembly line at the Berkeley County plant this fall. Volvo is officially opening the plant...


Business

EU tells Luxembourg to recoup back taxes from French firm

BRUSSELS (AP) — The European Union’s state aid watchdog is ordering Luxembourg to recover 120 million euros ($139 million) in unpaid taxes from French electricity provider Engie. The watchdog, the European Commission, said Wednesday that Luxembourg allowed two Engie group companies to avoid paying...


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