Ruling in securities case could mean limits on regulators
ELLABELL, Ga. (AP) — Hyundai Motor Group confirmed, Friday, the company will spend $5.5 billion on a huge electric vehicle plant near Savannah that will employ thousands — a deal Georgia’s governor called the largest economic development project in the state’s history.
SAN FRANCISCO (AP) — A federal judge in California has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk’s supporters and Tesla.
LOS ANGELES — Rising interest rates are making adjustable-rate mortgages an increasingly attractive alternative to common 30-year, fixed-rate home loans.
WASHINGTON — The head of the Food and Drug Administration told lawmakers, Thursday, that a shuttered baby formula factory could be up and running as soon as next week, though he sidestepped questions about whether his agency should have intervened earlier to address problems at the plant tha…
BONN, Germany — Treasury Secretary Janet Yellen warned, Wednesday, that Russia’s February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global stagflation.
JetBlue launched a hostile takeover bid for Spirit Airlines, on Monday, and asked shareholders of the low-cost carrier to reject a proposed acquisition by Frontier Airlines.
WASHINGTON — US officials, on Monday, reached an agreement to allow baby formula maker Abbott to restart its largest domestic factory, though it will be two months or more before any new products ship from the site to help alleviate the national shortage facing parents.
NEW ORLEANS (AP) — Six historically Black universities in five Southern states will be getting the first IBM cybersecurity centers aimed at training underrepresented communities, the company said.
NEW DELHI — India, on Sunday, said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier.
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits soared more than 80% in the first three months of the year, as the state-backed company cashes in on the volatility in global energy markets and surging oil prices following Russia’s invasion of Ukraine.
CHICAGO (AP) — The Chicago Reader, the city’s famed alt-weekly, is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner’s column opposing COVID-19 vaccine requirements for children.
The US baby formula shortage has sparked a surge of interest at milk banks around the US with some mothers offering to donate breast milk and desperate parents calling to see if it’s a solution to keep their babies fed.
WEISSENHAUS, Germany (AP) — The Group of Seven leading economies warned, Saturday, that the war in Ukraine is stoking a global food and energy crisis which threatens poor countries, and urgent measures are needed to unblock stores of grain that Russia is preventing from leaving Ukraine.
Lawyers for 26 passengers, said Friday, they told Lufthansa that they will sue the German airline for refusing to let members of a large group of Orthodox Jewish passengers board a plane after some had refused to wear masks on an earlier flight.
CARACAS, Venezuela (AP) — Venezuela’s government is seeking private investors to pump funds into vital but crippled state-run companies, decades after seizing them in the name of socialism.
WASHINGTON — The Biden administration is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as US gas prices reach record highs.
Editor’s note: Our press was down for maintenance, on Friday, and we had an early deadline, therefore, the money markets were not available by press time. We apologize for this inconvenience. The money markets will return, Tuesday.
TOKYO (AP) — Honda’s fiscal fourth quarter profit slipped to almost half of what the Japanese automaker earned the previous year as it endured supply shortages and rising raw materials costs.
WASHINGTON — US producer prices soared, 11% in April, from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.
DETROIT (AP) — Elon Musk said, Friday, that his plan to buy Twitter is “temporarily on hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition.
CHICAGO (AP) — United Airlines and its pilots’ union said, Friday, they reached a tentative agreement on the outline of a new contract, a notable deal while labor tension has increased in the airline industry.
LONDON — The name “FIFA” can bring to mind images of the World Cup and soccer’s greatest players, like Pele, Zinedine Zidane or Lionel Messi. The acronym for the sport’s governing body may also remind some of shameless bribery and corruption.
WASHINGTON — Parents across the US are scrambling to find baby formula because supply disruptions and a massive safety recall have swept many leading brands off store shelves.
CAIRO (AP) — Egypt’s annual inflation rate continues to surge amid Russia’s ongoing war in Ukraine that has shaken the global economy, the country’s statistics bureau announced, Tuesday.
WASHINGTON — America’s employers added 428,000 jobs, in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.
WASHINGTON (AP) — President Joe Biden announced, Monday, that 20 Internet companies have agreed to provide discounted service to people with low incomes, a program that could effectively make tens of millions of households eligible for free service through an already existing federal subsidy.
ZAPORIZHZHIA, Ukraine (AP) — Sparks fly as a circular saw slices into metal, while welders nearby work feverishly to the sound of blaring heavy metal. Upstairs, sewing machines clatter as women mark patterns on cloth being shaped into bulletproof vests.
NEW YORK — One of the more striking pieces of journalism from the Ukraine war featured intercepted radio transmissions from Russian soldiers indicating an invasion in disarray, their conversations even interrupted by a hacker literally whistling “Dixie.”
NEW YORK (AP) — The National Labor Relations Board has found merit in a union charge that Amazon violated labor law in New York City’s Staten Island by holding mandatory worker meetings to persuade its employees not to unionize.
LOS ANGELES — Contract negotiations between 22,000 workers at 29 West Coast ports and representatives of shipping companies will begin next week with automation and its impact on jobs emerging as a major point of contention amid supply chain issues.
LAS VEGAS — A big casino landlord closed its acquisition of MGM Resorts International’s real estate spinoff, giving the buyer several more hotel properties on the Strip.
PORTLAND, Ore. — An avian flu that’s spreading quickly across the US has been detected in the Pacific Northwest in two backyard bird flocks in rural Oregon and Washington.
HAMILTON, Ohio — President Joe Biden pledged, Friday, that 3D printing technology would help return factory jobs to the US and reduce inflationary pressures as he traveled to an industrial Midwestern state with a Senate seat in play to make his case for the future of manufacturing.
BUFFALO, N.Y. (AP) — Federal labor officials filed a sweeping complaint, Friday, accusing Starbucks of unfair labor practices at its stores in Buffalo, New York, including retaliation against pro-union employees.