Category Business

CHICAGO — A federal jury in Chicago on Thursday convicted a former chief of staff to longtime Illinois House Speaker Michael Madigan of lying under oath to a grand jury to protect his once-powerful boss who is scheduled to go…

NEW YORK — Nordstrom on Thursday reported that its sales and profits fell in its fiscal second quarter, joining itsdepartment store peers coping with shoppers’ cautious spending. But its results still topped Wall Street expectations. The Seattle-based upscale department store…

Benchmark U.S. crude oil for October delivery rose 16 cents to $79.05 a barrel Thursday. Brent crude for October delivery rose 15 cents to $83.36 a barrel. Wholesale gasoline for September delivery rose 1 cent to $2.78 a gallon. September…

DETROIT — General Motors says it will close a large computer center near Phoenix at the end of October, eliminating 940 jobs. The information technology center in Chandler, Arizona, opened in 2014 as part of a blitz by GM to…

LOS ANGELES — Fran Drescher believes that the walkouts that have shut down Hollywood are about something much bigger than the actors union she leads, or the writers striking alongside them, or the entertainment industry. Drescher told The Associated Press…

LONDON — Two men were arrested Thursday on suspicion of torching an historic British pub in central England that was famous for its lopsided walls and sagging foundation, police said. The suspects were being questioned by Staffordshire Police about the…

NEW YORK — Wireless carrier T-Mobile said Thursday it plans to cut 5,000 jobs, or about 7% of its workforce. In email to employees shared in a regulatory filing, CEO Michael Sievert said the layoffs would come over the next…

NEW YORK — Stocks that are trading heavily or have substantial price changes Thursday: Nvidia Corp. (NVDA), up $8.71 to $479.87. The chipmaker reported strong second-quarter financial results and gave investors an encouraging revenue forecast. Autodesk Inc. (ADSK), up $6.70…

NEW YORK — Fox News Channel’s two-hour Republican presidential debate was halfway through when moderator Bret Baier said he wanted to take a brief moment to talk about “the elephant not in the room” — Donald Trump and his four…

BOSTON — Federal regulators are proposing a series of rules changes aimed at toughening safety requirements for millions of miles of gas distribution pipelines nationwide following a string of gas explosions in Massachusetts in 2018. These proposed changes are designed…