Business Highlights
The U.K.'s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties that bind the United Kingdom.
Britons absorbed the overwhelming realization that their anti-establishment vote has pushed the British economy into treacherous and uncertain territory and sparked a profound crisis for a bloc founded to unify Europe after the devastation of World War II.
The British vote brought a massive dose of uncertainty to financial markets, something investors loathe.
Traders responded by dumping riskier assets that appeared to have the most to lose from disruptions in financial flows and trade: banks, technology companies and makers of basic materials.
More shares were traded than on any day since August 2011, when Standard & Poor's downgraded the credit of the United States during the debt ceiling crisis.
FRANKFURT, Germany (AP) — Britain's vote to leave the European Union adds a heavy dose of uncertainty to a world economy that is still struggling to reach full speed years after the global financial crisis.
Health insurers, big employers and other bill payers have been trying for years to rein in costs and improve care by steering clients to certain doctors and hospitals.
WASHINGTON (AP) — Orders to U.S. factories for long-lasting manufactured goods dropped in May, reversing two months of gains and delivering more bad news for American manufacturers.
WASHINGTON (AP) — A high-ranking Senate Democrat is pushing for more answers on why doctors and patient advocates with financial ties to the pharmaceutical industry came to serve on a panel that advises the federal government on pain issues.
Experts say drones are becoming a more valuable tool in many humanitarian operations, where the unmanned aircraft can be quickly launched and used to collect data and images an