Archive for category Business

Silicon Valley-area hub becomes factory town

FREMONT, Calif. (AP) — In a busy factory, machinists move sheets of aluminum roll in the back door to be molded, stamped, twisted and notched into high-tech electric cars that sell for more than $60,000 each.

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GOP hopes IRS scandal will snag health care law

In this May 16, 2013 file photo, Rep. Michele Bachmann, R-Minn. speaks on Capitol Hill in Washington. Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama’s health care law. But no one appears to have connected the factual dots yet, and it’s unclear whether they will. “Now we’ve learned that the IRS, which is tasked with enforcing this very unpopular bill of Obamacare, the IRS admitted they targeted Americans,” Bachmann said during floor debate this week on repealing the health care law.  (AP Photo/Molly Riley, File)

WASHINGTON (AP) — Political scandals have strange ways of causing collateral damage, and Republicans are hoping the furor over federal tax enforcers singling out conservative groups will ensnare their biggest target: President Barack Obama’s health care law.

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AP Impact: Myanmar sanctions list languishes

In this March 8, 2013 photo, Tay Za, foreground left, attends an opening ceremony of a branch office of his bank in Yangon, Myanmar. If you're American and want to do business in Myanmar, there's a list of people and companies that by law you have to steer clear of, including Tay Za. (AP Photo/Gemunu Amarasinghe)

YANGON, Myanmar (AP) — If you’re American and want to do business in Myanmar, there’s a list of people and companies you have to steer clear of by law. But it leaves off a former minister’s son U.S. officials suspected of brokering arms deals with North Korea, and high-rolling relatives of the man who led the repressive military government for 19 years.

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SPIN METER: GOP raps Dems for IRS union cash

House Ways and Means Committee member Rep. Mike Kelly, R-Pa., center, questions the ousted head of the Internal Revenue Service Steven Miller, lower right, as the Republican-run committee held a hearing on the extra scrutiny the Internal Revenue Service gave Tea Party and other conservative groups that applied for tax-exempt status, Friday, May 17, 2013, on Capitol Hill in Washington. Top row, from left are, Rep. Kevin Brady, R-Texas, Committee Chairman Rep. Dave Camp , R-Mich., and the committee's ranking Democrat Rep. Sander Levin, D-Michigan, D-Mich. Front row, from left are, Rep. Todd Young, R-Ind., Kelly, and Rep. Tim Griffin, R-Ark.  (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — Seeking maximum political gain from the string of controversies swirling around the White House, Republicans are on the attack against Democratic lawmakers who accepted donations from the union that represents Internal Revenue Service employees.

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Buybacks are a big factor behind stock market boom

NEW YORK (AP) — It’s the narcissist rally.

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