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Preview: AP Top Business News At 11:31 a.m. EST

AP Top Business News at 2:58 a.m. EST

AP Top Business News at 2:58 a.m. EST


Report: Uber exec out after failing to disclose allegation


NEW YORK (AP) -- A top engineering executive at Uber, Amit Singhal, is out five weeks after his hire was announced. According to a report in the tech blog Recode, Singhal failed to disclose that he'd left his previous job at Google because of a sexual harassment allegation....

Senate confirms billionaire investor as commerce secretary


WASHINGTON (AP) -- The Senate on Monday confirmed billionaire investor Wilbur Ross as commerce secretary as President Donald Trump adds to his economic team....

South Korean prosecutors to indict Samsung's de facto chief


SEOUL, South Korea (AP) -- South Korean special prosecutors said they would indict Samsung's de facto chief Tuesday on bribery, embezzlement and other charges linked to a political scandal that has toppled President Park Geun-hye....

Judge to hear arguments on Dakota Access oil pipeline work


BISMARCK, N.D. (AP) -- A federal judge will hear arguments Tuesday about whether to stop the final bit of construction on the disputed Dakota Access pipeline, perhaps just days before it could start moving oil....

China's coal consumption falls for 3rd year in a row


BEIJING (AP) -- China's consumption of coal fell in 2016 for a third year in a row, official data showed Tuesday, as the world's top carbon polluter has emerged as a global leader in addressing global warming....

Takata pleads guilty in air bag scandal, agrees to pay $1B


DETROIT (AP) -- Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S....

The Latest: Judge: Higher fine wouldn't help Takata victims


DETROIT (AP) -- The Latest on Takata's guilty plea in an investigation of dangerous air bag inflators (all times local):...

Starbucks CEO says chain ready to enter Italy after 35 years


MILAN (AP) -- Starbucks CEO Howard Schultz's vision for the chain was largely inspired by the coffee bars he saw on his first trip to Milan more than three decades ago. But it took the company growing to about 26,000 stores in 75 countries to win the credibility he felt necessary to make the leap into the country that gave espresso to the world....

Ground broken on new $1.6B terminal at Los Angeles airport


LOS ANGELES (AP) -- Construction has begun on a new $1.6 billion terminal at Los Angeles International Airport....

IMF says Iran rebounds after nuclear deal, but danger looms


DUBAI, United Arab Emirates (AP) -- The International Monetary Fund says Iran's economy has rebounded after the nuclear deal with world powers, but warns that uncertainty over future sanctions and problems with the country's domestic banks could cause trouble ahead....