Finance

US oil executives jailed in Venezuela given house arrest

Six American oil executives held in an overcrowded Venezuelan prison for two years on corruption charges have been granted house arrest. The partial release on Monday of the six employees of Houston-based Citgo was confirmed to The Associate Press by two people familiar with the case

African countries set meetings to resolve Nile dam dispute

Officials from Egypt, Ethiopia and Sudan say they have agreed to hold two technical meetings in coming weeks in an effort to resolve a number of issues revolving around a $5 billion dam project on the Nile River

California fines CVS $3.6 million for failing to…

California is fining the nation's largest pharmacy health care provider a record $3.6 million for failing to redeem deposits on bottles and cans at some of its locations

Massachusetts lab to pay $26M for scheme with Texas doctors

Federal prosecutors say a Massachusetts lab has agreed to pay nearly $27 million to settle claims that it paid doctors in Texas in exchange for lab tests it then billed to federal healthcare programs. U.S. Attorney McGregor Scott in California announced the settlement with Boston Heart Diagnostics Corporation Monday

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PG&E's $13.5B deal with fire victims removes huge…

Pacific Gas and Electric will be able to avoid two legal obstacles that could have tripped up its efforts to bounce back from bankruptcy

1 pleads guilty, another not guilty in $1B fraud scheme

A former vice president of a Chicago-based health information company has pleaded guilty for his role in what authorities say was a $1 billion fraud scheme

How major US stock indexes fared Monday

Technology, health care and financial companies drove stocks modestly lower on Wall Street Monday, snapping the S&P 500’s three-day winning streak

George Laurer, inventor of ubiquitous UPC, dies…

The inventor of the Universal Product Code has died

Canada charges Volkswagen over faking car emissions tests

Canada is charging Volkswagen for importing cars that company executives knew violated emissions standards

ArQule and Fate Therapeutics soar; Sanofi and Diplomat fall

Stocks that moved substantially or traded heavily on Monday: ArQule and Fate Therapeutics soar while Sanofi and Diplomat fall

Consulting firm allows Buttigieg to release names…

The McKinsey & Co. consulting firm says it will allow Democratic presidential candidate Pete Buttigieg to identify the clients he served more than a decade ago

GM lending $40M to startup company buying closed…

General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year

Families of crash passengers want wider review of…

Congressional lawmakers are preparing to question the head of the Federal Aviation Administration over his agency's relationship with Boeing _ and whether it's too cozy

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World trade without rules? US shuts down WTO…

Global commerce is losing its umpire and leaving countries unable to resolve trade disputes at the World Trade Organization

Fed is likely to reinforce a message of continued…

The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future

Saudi Arabia's deficit widens to $49B ahead of Aramco sale

Saudi Arabia will reduce government spending in 2020 as the kingdom's budget deficit widens to $49 billion amid sluggish oil prices

Court rejects Minnesota's renewal of US Steel…

The Minnesota Court of Appeals has reversed a decision by state regulators to renew a wastewater permit for U.S. Steel's Minntac iron mine in northeastern Minnesota

PG&E's stock surges 16% on tentative wildfire…

PG&E's stock is surging after the utility reached a tentative $13.5 billion settlement resolving all major claims related to Northern California wildfires of 2017 and 2018

No major impacts on Lake Superior found from Line…

An updated environmental review for Enbridge Energy's proposal to replace its aging Line 3 crude oil pipeline across northern Minnesota has found no serious impacts on Lake Superior from hypothetical spills

Saudi prince's ambitions hinge on triumphant…

Saudi Arabia is expected to set a new record on Wednesday with the sale of a sliver of Aramco, the state-owned oil company valued at $1.7 trillion

Trump, Dems in tentative deal on North American…

House Democrats have reached a tentative agreement with labor leaders and the White House over a rewrite of the U.S.-Mexico-Canada trade deal

Amazon says Trump's 'improper pressure' doomed…

Amazon says President Donald Trump's “improper pressure" and behind-the-scenes attacks harmed its chances of winning a $10 billion Pentagon contract

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Liz Weston: How employers help workers save for rainy days

Companies are experimenting with employee emergency fund programs to help workers meet unexpected expenses

UnitedHealth plans bargain bid for Diplomat Pharmacy

UnitedHealth plans to acquire Diplomat Pharmacy at a steep discount about a month after the specialty drug provider said it may not be able to make its debt payments

Mexico may accept US steel trade rule, rejects aluminum

Mexico may accept US requests for greater region content on steel, as long as there is a five-year phase-in