Sotheby's sold! French-Israeli billionaire pays $3.7 billion
NEW YORK (AP) — The 275-year-old auction house Sotheby's is being sold to a French Israeli businessman for about $3.7 billion. Sotheby's, founded in London in 1744, is the oldest company traded on the New York Stock Exchange.
Small media company to run Sports Illustrated for new owner
NEW YORK (AP) — The company that recently bought Sports Illustrated has found someone to run it: a small media company called Maven.
Is Elon Musk closing troublesome Twitter account or teasing?
SAN FRANCISCO (AP) — Tesla CEO Elon Musk abruptly revealed that he is closing the popular Twitter account that has repeatedly landed him in legal trouble, but then proceeded to keep it open long after announcing he had deleted it.
Oregon tackles climate change with cap-and-trade proposal
SALEM, Ore. (AP) — Oregon is on the precipice of becoming the second state after California to adopt a cap-and-trade program, a market-based approach to lowering the greenhouse gas emissions behind global warming.
Lockheed Martin announces $142M expansion of Arkansas plant
LITTLE ROCK, Ark. (AP) — Lockheed Martin said Monday that will spend $142 million and hire 326 new workers over the next few years as it expands its southern Arkansas facility.
US stocks add to 2 weeks of gains, helped by deal-making
NEW YORK (AP) — U.S. stocks posted slight gains on Wall Street on Monday, adding a bit to the last two weeks of gains. However, trading remains choppy as uncertainty continued over several ongoing trade disputes and their possible effect on economic growth.
Gloria Vanderbilt, heiress, jeans queen, dies at 95
NEW YORK (AP) — Gloria Vanderbilt, the intrepid heiress, artist and romantic who began her extraordinary life as the "poor little rich girl" of the Great Depression, survived family tragedy and multiple marriages and reigned during the 1970s and '80s as a designer jeans pioneer, died Monday at the age of 95.
APNewsBreak: 'Hunger Games' prequel novel coming in 2020
NEW YORK (AP) — A decade after seemingly wrapping up "The Hunger Games," Suzanne Collins is bringing readers back to Panem. A prequel, set 64 years before the beginning of her multimillion-selling trilogy, is coming next year.
AP Interview: Airbus is ready for pilotless jets - are you?
LE BOURGET, France (AP) — The chief salesman for Airbus says his company already has the technology to fly passenger planes without pilots at all — and is working on winning over regulators and travelers to the idea.
Businesses, watching economy, play it safe with hiring
NEW YORK (AP) — Small business owners, their eye on the economy, are playing it even safer when it comes to hiring. A U.S. Chamber of Commerce-MetLife survey released last week found that 28% of small businesses plan to increase their staffs in the next year, down slightly from 29% in the first quarter.
Why US-China trade war risks hurting firms in both countries
WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing.
Huawei says US sanctions will cost it billions in revenue
SHENZHEN, China (AP) — Huawei's founder said Monday that the Chinese telecom giant's revenue will be $30 billion less than forecast over the next two years, as he compared the company to a "badly damaged plane" as a result of U.S.
Boeing apologizes for Max crashes as Airbus rakes in sales
LE BOURGET, France (AP) — Boeing executives apologized Monday to airlines and families of victims of 737 Max crashes in Indonesia and Ethiopia, as the U.S.
Pfizer to buy Array BioPharma in deal worth $11.4 billion
NEW YORK (AP) — Pfizer is delving deeper into cancer research with a roughly $11.4 billion deal for Array BioPharma, a drug developer that has seen its shares soar since announcing positive clinical trial results earlier this spring.
Global shares mixed as investors look ahead to Fed rates
LONDON (AP) — Global stock markets traded in fairly narrow ranges Monday as investors awaited a run of interest rate decisions, notably from the U.S.
Europol calls for action to clamp down on ATM attacks
THE HAGUE, Netherlands (AP) — The European Union's police agency is calling for concerted action across the continent to tackle attacks by criminal gangs targeting ATMs.
AP FACT CHECK: Trump fudges facts on economy, 2020 voting
WASHINGTON (AP) — An eye toward his 2020 campaign, President Donald Trump is turning to a familiar playbook of exaggerated boasts about economic performance and overdrawn complaints about a race tilted against him.
Asian shares mostly higher as investors look ahead to Fed
TOKYO (AP) — Asian shares were mostly higher Monday amid a wait-and-see attitude about the direction of interest rates and the trade dispute between the U.S.
CEO: Boeing made mistake in handling warning-system problem
PARIS (AP) — The chief executive of Boeing said the company made a "mistake" in handling a problematic cockpit warning system in its 737 Max jets before two crashes killed 346 people, and he promised transparency as the aircraft maker works to get the grounded plane back in flight.
Escrow tops NHL players' list of concerns ahead of CBA talks
Jonathan Toews says he just wants his contract to be worth what it says on paper. Right now, it's not that simple. Under terms of the collective bargaining agreement, NHL owners and players divide hockey-related revenue 50/50, and if player salaries exceed that split a certain percentage is withheld in escrow to make it even.
2020 race brings free college back to the national stage
After receding from the national stage, the free college movement is resurfacing as a central rallying point for Democrats as they set their sights on the White House.
Franchise fatigue continues with 'Men in Black' and 'Shaft'
LOS ANGELES (AP) — Brand familiarity isn't everything when it comes to attracting audiences to the multiplex, and Hollywood is learning that lesson the hard way this summer with a slew of underperforming sequels and reboots.
Will it work? Glitzy casino opening on industrial waterfront
EVERETT, Mass. (AP) — A $28 million statue of Popeye by the artist Jeff Koons. Luxury, "European-style" water shuttles. Five-star hotel rooms starting at about $650 a night.
Extinction Rebellion postpones Heathrow drone protest plan
LONDON (AP) — The environmental activist group Extinction Rebellion has postponed a plan to shut down London's Heathrow Airport with drones after it was criticized by politicians and police.
Police: Off-duty officer shot man who hit him in Costco
CORONA, Calif. (AP) — An off-duty police officer opened fire inside a Costco Wholesale warehouse store, killing a man who had attacked him and wounding two others, the Corona Police Department said.