Foreign companies suffer in China amid epidemic, slow recovery expected

TAIPEI (Taiwan News) — Foreign companies are having a difficult time maintaining operations in China despite some workers having returned from the extended Lunar New Year holiday; labor shortage...

Business Highlights

___ Morgan Stanley to buy E-Trade for $13 billion NEW YORK (AP) — Morgan Stanley is buying E-Trade Financial for $13 billion in stock. The deal announced Thursday c...

No 'Plan B' for Olympics; questions over Chinese presence

TOKYO (AP) — Tokyo Olympic organizers and the International Olympic Committee said Friday there is no “Plan B” for the 2020 Games, which open in just over five months and have been j...

150 Hilton hotels in China closed amid coronavirus fear: Report

TAIPEI (Taiwan News) —The Hilton hotel chain has been forced to close 150 hotels in China amid fears over the Wuhan coronavirus outbreak, Hilton CEO Christopher Nassetta said during the company&...

Asian shares rise despite continuing virus fears

TOKYO (AP) — Asian shares were higher Wednesday, although the outbreak of a new virus in the region continued to weigh on investor sentiments. Japan's Nikkei 225 rose 0.7% to finish ...

Libya's oil corporation: blockade losses exceed $1.3 billion

CAIRO (AP) — Economic fallout continues from the shutdown of Libya’s vital oil fields, with losses surpassing $1.3 billion, the national oil corporation announced Tuesday. The latest...

Business Highlights

—- Price worries remain after judge OKs T-Mobile's Sprint deal NEW YORK (AP) — A federal judge has cleared a major path for T-Mobile to buy Sprint for $26.5 billion...

Arkansas community pitches Chinese mill site to other firms

LITTLE ROCK, Ark. (AP) — A community in southwest Arkansas plans to pitch a site it has been holding for a $1.8 billion Chinese paper mill to other industrial prospects amid growing signs that the pro...

SeaWorld settles investors' lawsuit over orca documentary

ORLANDO, Fla. (AP) — SeaWorld Entertainment Inc. on Tuesday agreed to pay $65 million to settle a lawsuit in which the theme park company was accused of misleading investors over the impact the docume...

Secret Service may leave Homeland Security, rejoin Treasury

WASHINGTON (AP) — The White House is throwing its support behind a plan to transfer the U.S. Secret Service back to the Treasury Department to better focus on the growing threat of online financial cr...

Sports betting bill stumbles from starting gate in Kentucky

FRANKFORT, Ky. (AP) — In a state where betting on the Kentucky Derby is seen as a rite of passage, efforts to legalize wagering on other sports have barely gotten out of the starting gate. ...

Stocks slip on Wall Street, still on track for weekly gain

Stocks are getting off to a weak start on Wall Street, despite a strong jobs report. Thanks to rallies over the past few days, the market is still on pace for its best weekly gain since last June. Ube...

Asian stock markets retreat after surge on China tariff cut

Asian stock markets retreated Friday (Feb. 7) following a surge after China announced a tariff cut on U.S. imports. Market benchmarks in Shanghai, Tokyo, Hong Kong, Seoul and Sydney all declined. M...

Global tourism takes major hit as virus halts Chinese travel

This should have been a good year for global tourism, with trade tensions gradually easing, certain economies growing and banner events like the Summer Olympics taking place in Tokyo. But the viral ou...

Stocks eke out gains in early trading after gains in Asia

NEW YORK (AP) — Stocks are opening slightly higher on Wall Street following big gains in Asia after China cut tariffs on U.S. goods and promised tax cuts and other help to businesses reeling from the ...