Month: May 2022

Associated Press NEW YORK (AP) — The co-founder and CEO of Airbnb, Brian Chesky, has donated $100 million to the Obama Foundation to fund scholarships for students pursuing careers in public service and includes multiple stipends for travel. Former President Barack Obama announced the new program called the Voyager Scholarship, with Chesky on Monday. The

By MONIKA SCISLOWSKA and FATIMA HUSSEIN Associated Press WARSAW, Poland (AP) — U.S. Treasury Secretary Janet Yellen has met with Ukrainian refugees and urged the need to confront Russian brutality as she visited Poland ahead of a meeting of finance ministers for the Group of Seven leading economies. Yellen on Monday applauded Poland for helping

By MARK KENNEDY AP Entertainment Writer NEW YORK (AP) — It’s often said that fans at live concerts give the band a jolt of electricity. Coldplay wants to literally harness that. The pop superstars have added kinetic dance floors and energy-storing stationary bikes to their latest world tour, encouraging fans to help power the show

By JAVIER CÓRDOBA Associated Press SAN JOSE, Costa Rica (AP) — A ransomware gang that infiltrated some Costa Rican government computer systems has upped its threat. It now says its goal is to overthrow the government. The Russian-speaking Conti gang attacked Costa Rica in April, accessing multiple critical systems in the Finance Ministry including customs

By TOM MURPHY AP Health Writer The new chief health equity officer at CVS Health hopes she will have more influence in fixing care disparities before they land patients in the hospital. Dr. Joneigh Khaldun sees those disparities play out routinely as an emergency physician. She says she is focused on giving everyone a fair

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s new prime minister wants to privatize the country’s loss-making national airline as part of reforms aimed at solving the country worst economic crisis in decades. Prime Minister Ranil Wickremesinghe says he plans to propose a special relief budget that will take the place

By DAVID BAUDER and LYNN ELBER AP Entertainment Writers NEW YORK (AP) — During a week in mid-May, broadcast television networks traditionally unveil their fall plans in flashy presentations before advertisers in New York. Fox is no different, but this year the network is trying something new by not announcing its schedule. TV schedules are

By MATTHEW PERRONE and ZEKE MILLER Associated Press WASHINGTON (AP) — President Joe Biden’s administration has announced new steps to ease the national shortage of baby formula, including allowing more imports from overseas. Officials also reached an agreement to restart a shuttered baby formula factory from Abbott, the largest in the U.S.. Neither step will

By MORGAN LEE and MEAD GRUVER Associated Press SANTA FE, N.M. (AP) — Government budgets are booming in New Mexico: Teacher salaries are up, residents can go to an in-state college tuition-free, moms will get medical care for a year after childbirth, and criminal justice initiatives are being funded to reduce urban violence. The reason

By The Associated Press Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand. The news Monday marks the first major nationalization of a foreign business since the war with Ukraine began. Renault says it would sell its majority stake in Avtovaz to a state-run research

By DAVID BAUDER AP Media Writer NEW YORK (AP) — A racist ideology seeping from the internet’s fringes into the mainstream is being investigated as a motivating factor in the supermarket shooting that killed 10 people in Buffalo, New York. Most of the victims were Black. Ideas from the “great replacement theory” filled a racist

By MICHELLE CHAPMAN and DEE-ANN DURBIN AP Business Writers Starbucks says it will pay travel expenses for U.S. employees to access abortion or gender-confirmation procedures if those services aren’t available within 100 miles of a worker’s home. The Seattle coffee chain says the benefit will also be available to dependents of employees enrolled in its

The Associated Press NEW YORK (AP) — Washington, D.C.-based investment firm Carlyle Group is buying defense contractor ManTech in an all-cash deal valued at $4.2 billion, the companies announced Monday. Shareholders of Virginia-based ManTech will receive $96 per share in cash, a 32% premium on ManTech’s closing share price of $72.82 on February 2, the

By KARL RITTER Associated Press STOCKHOLM (AP) — Turkey´s president on Monday complicated Sweden and Finland´s historic bid to join NATO, saying he cannot allow them to become members of the alliance because of their perceived inaction against exiled Kurdish militants. President Recep Tayyip Erdogan doubled down on comments last week indicating that the two

By LORNE COOK Associated Press BRUSSELS (AP) — Finland and Sweden have signaled their intention to join NATO over Russia’s war in Ukraine and things will move fast once they formally apply for membership in the world’s biggest security alliance. Russian President Vladimir Putin has already made clear that there would be consequences if the

By LIZ WESTON of NerdWallet Home values have been soaring — but the amount of home sale profit you can shelter from taxes has not. The $250,000/$500,000 exemption hasn’t changed since it was created in 1997, even though median home prices have almost tripled. That means more people face capital gains taxes when selling their

BRUSSELS (AP) — The European Union has slashed its forecasts for economic growth in the 27-nation bloc amid the prospect of a drawn-out Russian war in Ukraine and disruptions to energy supplies. The EU’s executive arm said Monday that gross domestic product will expand 2.7% this year and 2.3% in 2023. It’s the European Commission’s

By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers JetBlue is going hostile in its bid for Spirit Airlines. And it’s asking Spirit shareholders to reject a proposed $2.9 billion acquisition by Frontier Airlines. Spirit shareholders are scheduled to vote June 10 on the Frontier bid, which is favored by Spirit’s board. Spirit has cited

By DAVID KOENIG and DEE-ANN DURBIN AP Business Writers McDonald’s is closing its doors in Russia, ending an era of optimism and increasing the country’s isolation over its war in Ukraine. The Chicago burger giant confirmed Monday that it is selling its 850 restaurants in Russia. McDonald’s said it will seek a buyer who will