Prosecutors: Phony letter to judge sought leniency for Bountiful fraud convict

Daniel Scott Frischknecht WEB ONLY

A fired Bountiful bank manager who stole $565,000 and bought a house with the loot is now charged...


In Texas, Trump's steel tariff stirs uncertainty and concern

Trump Steel Tariffs

BAYTOWN, Texas (AP) — Joel Johnson examines the shipping labels on 35-ton coils of American-made steel that will be unspooled, bent and welded into rounded sections of pipe. One’s from Nucor, a mill in Arkansas. Another’s from Steel Dynamics in Mississippi. But much harder to spot in the sprawling...


Harley, stung by tariffs, shifts some production overseas

Harley Davidson Tariffs

MILWAUKEE (AP) — Harley-Davidson, facing rising costs from new tariffs, will begin shifting the production of motorcycles heading for Europe from the U.S. to factories overseas. The famed motorcycle maker said in a regulatory filing Monday that European Union tariffs on its motorcycles exported...


AP Top Business News at 7:46 a.m. EDT

China, EU to form group to modernize global trade rules Beijing hopes US will treat Chinese investments fairly US imported more seafood in 2017 than any prior year Harley, stung by tariffs, shifts some production overseas In Texas, Trump’s steel tariff stirs uncertainty and concern ‘Jurassic World’...

National Business

Beijing hopes US will treat Chinese investments fairly

BEIJING (AP) — China’s foreign ministry has expressed concern over reports that U.S. President Donald Trump plans to curb Chinese investments in the United States, and urged Washington to provide a “good, fair, and predictable” environment for Chinese companies. Foreign ministry spokesman Geng...


China, EU to form group to modernize global trade rules

BEIJING (AP) — Europe and China will form a group aimed at updating global trade rules to address technology policy, government subsidies and other emerging complaints in a bid to preserve support for international commerce, the vice president of the European Union’s governing body said Monday....


Uber argues it should remain in business in London

Britain Uber

LONDON (AP) — Uber argued Monday that is should be allowed to keep driving on the streets of London, telling a court that the ride-hailing app has made significant changes since a regulator refused to renew the company’s operating license last year. Lawyers for the company opened their case in an...


Global stocks sink on trade worries, oil mixed

China Financial Market

BEIJING (AP) — Global stock markets sank Monday and oil prices were mixed amid simmering worries about U.S.-Chinese trade tensions. KEEPING SCORE: In early trading, Germany’s DAX fell 1 percent to 12,456.28 and London’s FTSE 100 gave up 0.9 percent to 7,613.16. France’s CAC 40 shed 0.7 percent to 5,...


Nearly half of top EU businesses cut UK investment

Britain Brexit Two Tribes

LONDON (AP) — A survey finds that almost half of European Union businesses have cut back on their investment in Britain since the country voted to leave the European Union two years ago. The report published Monday by law firm Baker McKenzie surveyed over 800 business leaders in six key EU...


AAA: Michigan gas prices fall 13 cents to $2.90 per gallon

DEARBORN, Mich. (AP) — AAA Michigan says average gas prices statewide have fallen about 13 cents in the past week to about $2.90 per gallon. The Dearborn-based auto club said early Monday that the average price for self-serve regular unleaded gasoline is about 53 cents more than at the same point...

National Business

China regulators free up extra $100B for bank lending

China Bank Reserve Ratio

BEIJING (AP) — Chinese regulators have freed up an extra $100 billion for bank lending in a move financial analysts said could help to reassure investors amid trade tensions with Washington. The reduction on Sunday in reserves banks are required to hold was part of a series of such cuts economists...

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