UAW rescinds strike pay increase at annual convention
By JOSH FUNK AP Business Writer Members of the United Auto Workers union have rescinded an increase in strike pay that had been approved earlier in…
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Southwest posts record revenue but warns of rising costs
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Southwest Airlines is reporting higher profit and record revenue, but its shares are down because…
Continue ReadingChina backs away from growth goal, sticks to virus controls
By JOE McDONALD AP Business Writer BEIJING (AP) — China’s leaders effectively acknowledged the struggling economy won’t hit its official 5.5%…
Continue ReadingGov’t: US Bank workers opened fake accounts for sales goals
By KEN SWEET AP Business Writer NEW YORK (AP) — For more than a decade, US Bank pressured its employees to open fake accounts in their customers’…
Continue ReadingBiden hails economic bill amid signs of broad Dem support
By ALAN FRAM and LISA MASCARO Associated Press WASHINGTON (AP) — President Joe Biden hailed a nascent Democratic package of climate, health care…
Continue ReadingAverage US long-term mortgage rates retreat to 5.3%
By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced…
Continue ReadingPfizer’s Comirnaty, Paxlovid push Q2 sales to new heights
By TOM MURPHY and MICHELLE CHAPMAN AP Business Writers Sales of Pfizer’s COVID-19 vaccine and treatment in the second quarter propelled the…
Continue ReadingCyprus, Greece, look to EU if Turkey renews gas search
By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — The foreign minister of Cyprus says his government and Greece will consult with…
Continue ReadingIn a 3rd test, Facebook still fails to block hate speech
By BARBARA ORTUTAY AP Technology Writer Facebook is letting violent hate speech slip through its controls in Kenya, according to a new report from…
Continue Reading1st Trader Joe’s union approved at Massachusetts store
By MARK PRATT Associated Press Employees at a Trader Joe’s supermarket in Massachusetts on Thursday became the latest workers at a major company to…
Continue ReadingGerman inflation rate slips again in July from month before
BERLIN (AP) — Germany’s annual inflation rate has declined slightly for the second consecutive month, but July’s pace of 7.5% is still within…
Continue ReadingFewer Americans applied for jobless benefits last week
By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week’s number was…
Continue ReadingSpain’s govt wants windfall tax on banks, energy companies
MADRID (AP) — Spain’s Socialist-led coalition government wants large energy companies and banks to pay a windfall tax, which officials hope will…
Continue ReadingBiden, Xi could meet in person, US official says
By CHRIS MEGERIAN, ZEKE MILLER and ELLEN KNICKMEYER Associated Press WASHINGTON (AP) — President Joe Biden and China’s Xi Jinping are exploring…
Continue ReadingNestle reports higher sales even as it raises prices
VEVEY, Switzerland (AP) — Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as…
Continue ReadingMore homes for sale, but low-priced listings remain scarce
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The number of homes on the market has been rising, albeit from very low levels. Home listings…
Continue ReadingAltria’s $13B investment in Juul e-cigarettes vaporizes
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria reports its nearly $13 billion investment in troubled vaping company Juul is worth 95%…
Continue ReadingWatchdog head: Fines may not stop bad behavior by companies
By KEN SWEET AP Business Writer NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about using fines to deter…
Continue ReadingShell posts record earnings again as energy prices soar
LONDON (AP) — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring prices of oil and…
Continue ReadingMerck beats expectations, helped by Keytruda sales
By The Associated Press Merck is posting second-quarter sales that easily topped Wall Street expectations, boosted by sales growth of some of its key…
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