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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

FDA backs off added sugar label for maple syrup, honey

MONTPELIER, Vt. (AP) — The U.S. Food and Drug Administration is backing off its plan to label pure natural products like maple syrup and honey as containing added sugars. Maple syrup and honey producers had rallied against the plan, saying FDA’s upcoming requirement to update nutrition labels to...


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

AP Top Business News at 8:48 a.m. EDT

Disney ups Twenty-First Century Fox to more than $70.3B Electric promise: Volvo Cars opens first US factory Hyundai Motor, Audi join hands for fuel cell technology Commerce chief denies transactions involved insider trading South Korean crypto exchange loses $31 million from hack Summer drinks may...


Business

Global stocks rise, unfazed by US-China tensions

Hong Kong Financial Markets

SINGAPORE (AP) — Stock markets rose Wednesday as investors rallied around signs that the global economy was on track despite heated exchanges between the world’s two largest economies over trade. KEEPING SCORE: Germany’s DAX was up 0.1 percent to 12,692 and France’s CAC 40 added 0.2 percent to 5,...


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

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

Actuant: Fiscal 3Q Earnings Snapshot

MENOMONEE FALLS, Wis. (AP) _ Actuant Corp. (ATU) on Wednesday reported fiscal third-quarter net income of $29 million. The Menomonee Falls, Wisconsin-based company said it had net income of 48 cents per share. Earnings, adjusted for pretax gains, came to 39 cents per share. The results surpassed...


Business

Self-motivation tips for the office newbie

Special To The Washington Post. Q: I’m a new hire at a biotechnology firm. I recently heard through a co-worker that our boss finds me lacking in self-motivation. I can understand his concern, since I’m new and still undergoing training. Before I can actively participate in any research, I have to...


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