Nation & World business news

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House Speaker Paul Ryan of Wis., speaks during a news conference on Capitol Hill in Washington, Tuesday, Sept. 27, 2016, following a closed-door meeting of House Republicans. (AP Photo/Andrew Harnik)

Congress clears stopgap spending bill, $1.1B to fight Zika

Congress is sending President Barack Obama a bill to keep the government operating through Dec. 9 and provide $1.1 billion in long-delayed funding to battle the Zika virus. The House cleared the measure by a 342-85 vote just hours after a bipartisan Senate tally. The votes came after top congressional ...

Alex Del Rio works behind the counter at his family's market El Ahorro in San Francisco, Wednesday, Sept. 21, 2016. In November 2016, voters in San Francisco and Oakland will consider a penny per ounce tax on sugar laden drinks such as bottled cola, sports drinks and iced teas in November. (AP Photo/Jeff Chiu)

US soda-tax battle bubbles up in San Francisco Bay Area

The national fight over sugary soda is bubbling up in the San Francisco Bay Area, where voters in November will consider a tax on the drinks that many health experts say contribute to diabetes, obesity and tooth decay. Backers of the campaign say a penny-per-ounce tax is needed in San ...

This image provided by Medtronic shows its MiniMed 670G system. Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed. The device from Medtronic was approved Wednesday, Sept. 28, 2016, for patients with Type 1 diabetes, the kind usually diagnosed during childhood. (Medtronic via AP)

FDA approves 'artificial pancreas' to manage diabetes

Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed. The device from Medtronic was approved Wednesday for patients with Type 1 diabetes, the kind usually diagnosed during childhood. About ...

FILE - In this Sept. 21, 2016 file photo, Laborers' International Union of North America members and Culinary Union members walk by an inflatable figure depicting Donald Trump during a protest outside of the Trump International hotel, in Las Vegas. The unions were protesting what they say is an anti-union stance by the hotel. Union members are calling the public to boycott Republican presidential nominee Trump's businesses nationwide because he isn't negotiating a contract with the more than 500 eligible workers at his high-rise Las Vegas hotel. (AP Photo/John Locher, File)

Union launches boycott of Trump companies amid Vegas dispute

Union members are calling on the public to boycott Republican presidential nominee Donald Trump's businesses nationwide because he isn't negotiating a contract with the more than 500 eligible workers at his high-rise Las Vegas hotel. UNITE HERE announced the effort this week. The group is the parent organization of the ...

Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia answers questions as part of the 15th International Energy Forum Ministerial meeting in Algiers, Algeria, Tuesday, Sept. 27, 2016. At meetings in Algeria this week, energy ministers from OPEC and other oil-producing countries are discussing whether to freeze production levels to boost global oil prices. (AP Photo/ Sidali Djarboub)

OPEC reaches preliminary accord to curb oil production

OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies of oil-producing nations. ...

FILE - In this Tuesday, Sept. 20, 2016, file photo, Wells Fargo CEO John Stumpf arrives to testify before the Senate Banking Committee, on Capitol Hill in Washington. Stumpf, newly stripped of tens of millions of dollars in compensation in a scandal over sales practices, is scheduled to appear before the House Financial Services Committee on Thursday, Sept. 29. (AP Photo/Susan Walsh, File)

Wells Fargo CEO to face lawmakers with better defense

Wells Fargo's CEO, newly stripped of tens of millions in compensation in a scandal over sales practices, will face lawmakers with more defenses than he had in the last round, when some senators called for his resignation. Chief Executive John Stumpf comes into Thursday's hearing before the House Financial Services ...

FILE --In this Tuesday, May 31, 2016 file photo is California State Treasurer John Chiang at a news conference in Sacramento, Calif. Chiang announced, Wednesday, Sept, 28.2016, that he's suspending some of the state's business with Wells Fargo amid a scandal over millions of accounts allegedly opened without customers' permission. (AP Photo/Rich Pedroncelli,file)

California suspends some Wells Fargo business amid scandal

California's treasurer said Wednesday that he's suspending some of the state's most profitable lines of business with Wells Fargo amid allegations bank employees opened millions of accounts without customers' permission. The announcement by the nation's largest issuer of municipal debt reflects the growing political pressure on the banking giant since ...

HP promises fix for printer software that barred outside ink

HP Inc. has apologized to customers for a software update that made some of its printers stop working with ink cartridges from competing suppliers, even if the printers had accepted the same cartridges in the past. The apology comes after critics complained HP had over-reached by interfering with its customers' ...

FILE - In this Monday, Sept. 26, 2016, file photo, trader Leon Montana works on the floor of the New York Stock Exchange. U.S. stock markets opened slightly higher Wednesday, Sept. 28, 2016, as energy companies are rising with the price of oil. (AP Photo/Richard Drew, File)

Energy shares lead Asian stocks higher on OPEC output deal

Energy companies led a rally in Asian stock markets Thursday as investors welcomed news that OPEC nations planned to cut oil production for the first time in eight years in an effort to reduce a global glut. KEEPING SCORE: Japan's benchmark Nikkei 225 index jumped 1.4 percent to 16,699.18 and ...

Federal Reserve Board Chair Janet Yellen testifies on Capitol Hill in Washington, Wednesday, Sept. 28, 2016, before the House Financial Services Committee. Yellen said the financial health of the nation's banking system has strengthened considerably since the 2008 financial crisis, in part because of tougher regulations passed by Congress in 2010.  (AP Photo/Pablo Martinez Monsivais)

Yellen says economy likely ready for rate hike later in 2016

Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year. She said during an appearance before the House Financial Services Committee that when the ...

A model wears a creation for Rochas Spring-Summer 2017 Ready-to-Wear fashion collection as part of Paris Fashion week, Wednesday, Sept. 28, 2016 in Paris. (AP Photo/Thibault Camus)

Rihanna, new top designers debut at Paris Fashion Week

New designer debuts from powerhouses Lanvin and Saint Laurent — and popstar Rihanna's first Paris catwalk show for Fenty Puma — marked the start of Spring-Summer 2017 shows in the City of Light. Here are the highlights of ready-to-wear collections. SAINT LAURENT DEBUT A huge crane in the colors of ...

FILE - In this Monday, March 21, 2016, file photo, members of the media and invited guests take a look at the new iPad Pro during an event at Apple headquarters in Cupertino, Calif. On Wednesday, Sept. 28, 2016, Apple announced it is extending its push into selling business technology by forging a partnership with the Deloitte consulting firm to advise companies on using iPhones, iPads and Apple software in the workplace. (AP Photo/Marcio Jose Sanchez, File)

Apple partners with Deloitte in pitch to business

Apple is extending its push into selling business technology by forging a partnership with the Deloitte consulting firm to advise companies on using iPhones, iPads and Apple software in the workplace. While Apple primarily sells to the consumer market, it's confronting a global slowdown in consumer demand for smartphones and ...

Potato chips with the Closi logo is photographed on Wednesday, Sept. 28, 2016 in New York.  Cosi, the restaurant chain known for its flatbread sandwiches, said it filed for Chapter 11 bankruptcy protection Wednesday and is seeking to sell itself to its lenders. The company has closed 29 stores, but said the remaining 76 Cosi restaurants located around the country will remain open as it goes through the bankruptcy process.  (AP Photo/Donald King)

Sandwich chain Cosi files for Chapter 11 bankruptcy

Cosi, the restaurant chain known for its flatbread sandwiches, said it filed for Chapter 11 bankruptcy protection Wednesday and is seeking to sell itself to its lenders. The company has closed 29 stores, but said the remaining 76 Cosi restaurants located around the country will remain open as it goes ...

Takata sells auto interiors unit as recall costs rise

Troubled air bag maker Takata Corp. of Japan is selling its automotive interior trim and seating material operation, raising cash as its inflator recall costs continue to mount. The Japanese company is selling Pontiac, Michigan-based Irvin Automotive Products to Piston Group, an auto parts supplier run by former Detroit Pistons ...

Germany's Air Berlin to shed 75 aircraft, 1,200 jobs

Struggling German airline Air Berlin says it plans to cut its fleet nearly in half and eliminate some 1,200 jobs as part of a restructuring to develop a leaner structure and focus on its most profitable routes. The airline said Wednesday that it would reduce its fleet of 144 planes ...

FILE - In this Thursday, July 17, 2014 file photo, people walk amongst the debris, at the crash site of a passenger plane near the village of Grabovo, Ukraine. Relatives of victims of the shooting-down of a Malaysia Airlines jetliner over Ukraine more than two years ago were gathering Wednesday, Sept. 28, 2016 to learn the preliminary results of a Dutch-led criminal probe of the disaster that claimed 298 lives.  (AP Photo/Dmitry Lovetsky, File)

Probe says missile launcher from Russia downed Malaysian jet

An international criminal probe concluded that a missile which destroyed a Malaysian passenger jet over Ukraine in 2014 and killed all 298 people aboard was fired from rebel-controlled territory by a mobile launcher trucked in from Russia and hastily returned there. The report, released Wednesday, was "solid proof" of a ...

VW chief: Working on settlement with US for emissions fraud

Volkswagen CEO Matthias Mueller says the company is cooperating with U.S. authorities and hopes to reach a settlement on a fine with the Justice Department for equipping diesel vehicles to cheat on emissions tests. Mueller said the company admits it "made a big mistake" and that "we have worked on ...

FILE - In this Thursday, March 5, 2015, file photo, Budweiser beer cans are on ice at a concession stand at McKechnie Field in Bradenton, Fla. On Wednesday, Sept. 28, 2016, it was announced that Budweiser maker Anheuser-Busch InBev will pay $6 million to the Securities and Exchange Commission to settle charges that the company made improper payments to government officials in India to promote its products and then tried to hush an employee who reported the violations. (AP Photo/Gene J. Puskar, File)

AB InBev pays $6M to settle India bribery accusations

Anheuser-Busch InBev will pay $6 million to settle charges by U.S. regulators that a joint venture in India paid off government officials to boost sales and production, then tried to quiet an employee who raised the issue. The joint venture in which AB InBev had a 49 percent interest used ...

FILE- In this Thursday, Jan. 2, 2014 file photo, a train drives past the decommissioned Battersea power station, just after sunrise in London. Apple says it will be setting up its London headquarters in the boiler room of the Battersea Power Station, a London landmark that has long defined the skyline on the south bank of the River Thames. (AP Photo/Sang Tan, File)

Apple to create London HQ at Battersea Power station

Apple will be setting up its London headquarters in the boiler room of the Battersea Power Station, a London landmark that has long defined the skyline on the south bank of the River Thames. The building with four towering chimneys is part of a multibillion pound restoration effort for the ...

Wilbert Paulissen of the Joint Investigation Team (JIT) speaks on the preliminary results of the investigation into the shooting-down of Malaysia Airlines jetliner flight MH17 during a press conference in Nieuwegein, Netherlands, Wednesday, Sept. 28, 2016. The disaster claimed 298 lives. (AP Photo/Peter Dejong)

The Latest: UN secretary-general praises downed plane probe

The Latest on the probe into the downing of Malaysia Airlines Flight 17 over Ukraine in 2014 (all times local): 8:20 p.m. U.N. Secretary-General Ban Ki-moon thinks the criminal investigation into the downing of Malaysia Airlines Flight 17, together with the technical investigation that identified the cause of the crash, ...

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