Automotive

Losses in China lead to $5 billion charge for General Motors as it cuts the value of its assets

DETROIT (AP) — The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in the fourth quarter of this year.

Dec 4, 2024 6:46 AM Read more >

A Trump cabinet full of alleged sexual predators? Here’s why it makes perfect sense

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site. ___ Author: Jennifer L.

Dec 3, 2024 8:28 AM Read more >

China bans exports to US of gallium, germanium, antimony in response to chip sanctions

BANGKOK (AP) — China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at U.S.

Dec 3, 2024 5:13 AM Read more >

Vancouver transit braces for Swift impact as parking cost spikes to $150

VANCOUVER — Metro Vancouver's transit operator is rolling out expanded and extended services to cope with the impact of Taylor Swift fans during the superstar's three-night run at BC Place, as parking and ride-hailing costs soar.

Dec 2, 2024 5:34 PM Read more >

Rival union official says Atlantic City casino union boss should resign for opposing a smoking ban

ATLANTIC CITY, N.J. (AP) — Workers pushing for an end to smoking in Atlantic City casinos say the main employee union has been won over by tobacco companies seeking allies in the fight against smoking restrictions.

Dec 2, 2024 5:26 PM Read more >

Some Atlantic City casino workers call on union boss to resign for opposing a smoking ban

ATLANTIC CITY, N.J. (AP) — Workers pushing for an end to smoking in Atlantic City casinos say the main employee union has been won over by tobacco companies seeking allies in the fight against smoking restrictions.

Dec 2, 2024 4:37 PM Read more >

US commits to $7.54 billion loan for Stellantis venture to build 2 electric vehicle battery plants

DETROIT (AP) — A Stellantis joint venture with Samsung SDI has won a commitment from the U.S. government for up to a $7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana.

Dec 2, 2024 8:46 AM Read more >

Stock market today: Wall Street opens December near its record heights

NEW YORK (AP) — U.S. stocks are kicking off December by drifting around their record heights. The S&P 500 was up 0.2% in early trading Monday after closing its best month of the year at an all-time high.

Dec 2, 2024 7:40 AM Read more >

Stock market today: World shares are mixed as Chinese stocks get a boost from strong factory orders

BANGKOK (AP) — World shares were mixed on Monday, with China leading gains as monthly surveys showed improving conditions for manufacturing, partly driven by a surge in orders ahead of President-elect Donald Trump's inauguration next month.

Dec 2, 2024 1:25 AM Read more >

AP News in Brief at 12:04 a.m. EST

Biden pardons his son Hunter despite previous pledges not to WASHINGTON (AP) — President Joe Biden pardoned his son, Hunter, on Sunday night, sparing the younger Biden a possible prison sentence for federal felony gun and tax convictions and reversin

Dec 1, 2024 10:05 PM Read more >