Associated Press news.
The nation’s freight railroad companies are going to be able to try relying more on technology and inspect their tracks in person less often after the federal government last week approved their waiver request. The Association of American Railroads trade group asked for the relief from inspection requirements that were written in 1971 because railroad [...]
NEW YORK (AP) — Paramount has gone hostile in its bid for Warner Bros. Discovery, challenging Netflix, which reached a $72 billion takeover deal with the company last week. Paramount earlier this week said that it is going straight to Warner Bros. shareholders with a bid worth about $74.4 billion, or $30 per share in [...]
WASHINGTON (AP) — The Trump administration is bringing back dozens of Education Department staffers who were slated to be laid off, saying their help is needed to tackle a mounting backlog of discrimination complaints from students and families. The staffers had been on administrative leave while the department faced lawsuits challenging layoffs in the agency’s [...]
WASHINGTON (AP) — The Social Security Administration says it is planning to reduce visits to its field offices in half next year, a move that advocates for the agency fear signals more office closures are coming. Field offices have long been community-based branches that serve as the public face of the Social Security Administration and [...]
WASHINGTON (AP) — The Federal Reserve’s preferred measure of inflation slowed a bit in September, which could lead to an interest rate cut by the central bank at its meeting this week. Prices rose 0.3 percent in September from August, according to a new report from the Commerce Department, the same rate as the previous [...]
NEW YORK (AP) — The U.S. Department of Health and Human Services has outlined a strategy to expand its use of artificial intelligence, building on the Trump administration’s embrace of the rapidly advancing technology while raising questions about how health information would be protected. HHS billed the plan as a “first step” focused largely on [...]
The average rate on a 30-year mortgage fell again last week, slipping close to its low point so far this year. The decline brings the average long-term mortgage rate to 6.19 percent from 6.23 percent the previous week, according to mortgage buyer Freddie Mac. A year ago, the rate averaged 6.69 percent. It is the [...]
NEW YORK (AP) — Netflix has struck a deal with Warner Bros. Discovery, the Hollywood studio behind “Harry Potter” and “Friends,” to buy its studio and streaming business for $72 billion. The acquisition would bring two of the industry’s biggest players in film and TV under one roof. Beyond its namesake television and motion picture [...]
WASHINGTON (AP) — President Donald Trump last week announced a proposal to change vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks. The plan, if finalized next year, would reduce fuel economy requirements, which set rules on how far new vehicles need to travel [...]
The longest federal government shutdown on record cost Delta Air Lines an estimated $200 million, CEO Ed Bastian said last week in the first disclosure by a United States airline regarding the shutdown’s financial impact. Bastian told investors that refunds “grew significantly” as bookings also slowed amid the uncertainty in air travel caused by the [...]