Month: April 2022

By LEAH WILLINGHAM Associated Press CHARLESTON, W.Va. (AP) — West Virginia will receive $99 million in a settlement finalized with Johnson & Johnson’s subsidiary Janssen Pharmaceuticals Inc. The state filed a lawsuit accusing the drugmaker of contributing to the opioid crisis in the state that’s led the nation in overdose deaths. State Attorney General Patrick

BERLIN (AP) — Germany’s employers and trade unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine. They say a ban on Russian gas would lead to factory shutdowns and the loss of jobs in Germany, the bloc’s biggest economy. The joint statement

By TOM KRISHER and MATT O’BRIEN AP Business Writers DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. Twitter has adopted a “poison pill” defense that makes it difficult for Musk or any

WASHINGTON (AP) — The Supreme Court has rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes. The lawsuit had previously been dismissed by lower courts. The suit argued that the Republican-led tax law, signed by then-President Donald Trump,

By ARITZ PARRA Associated Press MADRID (AP) — A cybersecurity rights group says the phones of dozens of pro-independence supporters in Spain’s northeastern Catalonia, including the elected regional chief, were hacked with controversial spyware available only to governments. Citizen Lab says its large-scale investigation found that at least 65 individuals were targeted or infected with

By MATT O’BRIEN AP Technology Writer Christian Klein was a teenager the first time he set foot in SAP’s headquarters in Walldorf, Germany as an intern. Now the 41-year-old is CEO of the software giant and steering its revenue shift from licensing fees to cloud computing subscriptions. April marks SAP’s 50th anniversary and the culmination

By KEN SWEET AP Business Writer NEW YORK (AP) — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation’s second-largest bank was helped by higher net interest income and modest exposure to

By ANGELA CHARLTON Associated Press PARIS (AP) — Paris prosecutors are studying a report by the EU fraud agency accusing French far-right presidential candidate Marine Le Pen of misusing public funds while serving in the European Parliament. The report also names other members of her nationalist party, which seeks to diminish the EU’s powers. The

By PAUL J. WEBER and DAVE COLLINS Associated Press AUSTIN, Texas (AP) — Infowars has filed for Chapter 11 bankruptcy protection as the website’s founder and conspiracy theorist Alex Jones faces defamation lawsuits over his comments that the Sandy Hook Elementary School shooting was a hoax. The bankruptcy filing in Texas puts civil litigation on

By LIZ WESTON of NerdWallet Information about you — things you may have thought were private — is stored in databases operated by consumer reporting agencies. If there is data to track, there’s a good chance it’s in a database somewhere, including the size of your paychecks, the medications you take or how often you

By JOSH BOAK Associated Press WASHINGTON (AP) — The Biden administration is taking a key step to ensure federal dollars will support U.S. manufacturing. New guidance issued Monday will require material for projects like bridges, highways and broadband internet funded by last year’s infrastructure package be produced in the U.S. Waivers can be granted if

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Monday is Tax Day, the federal deadline for individual tax filings and payments. The IRS expects to receive tens of millions of last-minute filings electronically and through paper forms. The executive director of the National Society of Tax Professionals, Nina Tross, says if people haven’t filed their

By JOE McDONALD AP Business Writer BEIJING (AP) — China’s economic growth edged up to a still-weak 4.8% over a year earlier in the first three months of 2022 as a wave of coronavirus outbreaks led to shutdowns of major industrial cities. Official data showed growth accelerated from the previous quarter’s 4%, when the economy