Business

By Tom Krisher and Dee-Ann Durbin, AP Business Writers DETROIT (AP) — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford's lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, California. He was 94. Two...

NEW YORK (AP) — Leonardo DiCaprio is joining with billionaire investors and philanthropists Laurene Powell Jobs and Brian Sheth to create a new nonprofit environmental powerhouse charged with tackling climate change and the loss of biodiversity. The new organization, Earth Alliance, "will work...

By Lauren Kent, CNN (CNN) -- Some packages of butternut squash, cauliflower, zucchini and vegetable bowls sold under the brands Green Giant, Trader Joe's and Signature Farms have been recalled, according to the Food and Drug Administration. The vegetable products were voluntarily recalled by...

UPDATED: 11:25 a.m. By Jordan Valinsky, CNN Business (CNN) -- Arizona Governor Doug Ducey has ordered a financial incentive package for Nike to be withdrawn because the company canceled a sneaker featuring the "Betsy Ross" American flag. In a series of tweets early Tuesday, the Republican governor...

By Chris Isidore, CNN Business (CNN) -- The growth of fuel-efficient and electric cars means Americans are paying fewer gas taxes. States, which use gas taxes to pay for road repairs and public transit, are raising taxes on about one in three drivers in America to make up for lost revenue. A total...

By Paul R. La Monica, CNN Business (CNN) -- This bubbly rosé is for you? The owner of Budweiser is buying a wine company that's popular with social media-obsessed Millennials. Anheuser-Busch InBev said Friday it is buying Babe Wine, the company co-founded by popular Instagram influencer Josh "The...

By Mari Yamaguchi, Associated Press TOKYO (AP) — Japanese whalers returned to port Monday with their first catch after resuming commercial whaling for the first time in 31 years, achieving the long-cherished goal of traditionalists that is seen as largely a lost cause amid slowing demand for the...

UPDATED: 12:40 p.m. PHILADELPHIA (KYW Newsradio) — Philadelphia Academic Health System, the parent company of Hahnemann University Hospital, has filed for chapter 11 bankruptcy. The filing has put a hold on Drexel University's effort to keep the hospital open, but the city of Philadelphia is...

BOSTON (AP) — Facebook says it will make advertisements for jobs, loans and credit card offers searchable for all U.S. users following a legal settlement designed to eliminate discrimination on its platform. The plan disclosed in an internal report Sunday voluntarily expands on a commitment the...

By Jackie Wattles, CNN Business (CNN) - - Six weeks after Huawei was blacklisted by the US government, President Donald Trump had what the Chinese telecom firm described as a "U-turn." Trump said Saturday that "US companies can sell their equipment to Huawei," as long as the transactions won't...