AP National Business

MIDDLETOWN, R.I. — KVH: Q4 Earnings Snapshot

ATHENS, Greece — Tsakos: Q4 Earnings Snapshot

By SYLVIA HUI Associated Press LONDON (AP) — British authorities say they’re banning the Chinese-owned video-sharing app TikTok from government mobile phones on security grounds, following similar moves by the U.S. and European Union. Cabinet Office Minister Oliver Dowden told Parliament on Thursday that the ban will apply to work phones and other devices used

By MATT OTT AP Business Writer Fewer Americans applied for jobless claims last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool the economy and tamp down inflation. Applications for jobless claims in the U.S. for the week ending March 11 fell by 20,000 to 192,000 from 212,000 the

SAN FRANCISCO — Williams-Sonoma: Fiscal Q4 Earnings Snapshot

By PAUL WISEMAN and KEN SWEET AP Business Writers WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.

By RONALD BLUM AP Baseball Writer NEW YORK (AP) — Umpires will have a new view this season. On Zoom. Major League Baseball struck a deal with Zoom Video Communications  llowing on-field umpires to watch the replay operations center evaluating contested calls. MLB first adopted instant replay in September 2008 for home boundary calls and

By WANJOHI KABUKURU Associated Press The majority of developing nations are set to miss out on the economic benefits of booming green technologies, slowing progress toward their climate goals and widening the inequality gap between rich and poor countries, a United Nations report warned Thursday. The U.N.’s agency for trade and development, or UNCTAD, said

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — A new powerhouse of Dutch right-wing populism has seized the political center stage after winning its first provincial elections. The victory in Wednesday’s vote was seen as a resounding rebuke to Prime Minister Mark Rutte’s ruling four-party coalition. The counting of ballots was wrapping up

ST PETERSBURG, Fla. — Jabil: Fiscal Q2 Earnings Snapshot

CANTON, Mass. — Destination XL: Fiscal Q4 Earnings Snapshot

BOSTON — Monte Rosa Therapeutics: Q4 Earnings Snapshot

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union has presented plans to fundamentally revamp its policies on promoting clean technologies and dealing with its lack of critical raw materials. It wants to impose limits on imports from countries like China while unleashing subsidies and other financial incentives to ramp up home production.

By SYLVIA HUI Associated Press LONDON (AP) — Virgin Orbit said Thursday it is pausing all operations amid reports that the company is furloughing almost all its staff as part of a bid to seek a funding lifeline. The California-based satellite launch company confirmed it’s putting all work on hold, but didn’t say how long

COLUMBUS, Ohio — Designer Brands: Fiscal Q4 Earnings Snapshot

HAMILTON, Bermuda — Signet: Fiscal Q4 Earnings Snapshot

GOODLETTSVILLE, Tenn. — Dollar General: Fiscal Q4 Earnings Snapshot

WEST FARGO, N.D. — Titan Machinery: Fiscal Q4 Earnings Snapshot

DODGEVILLE, Wis. — Lands’ End: Fiscal Q4 Earnings Snapshot

By SAM KEMMIS of NerdWallet Sticking with one airline, hotel or car rental brand and avoiding others is the basic premise of brand loyalty. The benefits are clear: more points toward future award travel and elite status benefits. Yet, brand loyalty means eschewing other options, which could cost less or be more convenient. High-level elite

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has carried through with a large interest rate increase, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The ECB hiked

BUENOS AIRES, Argentina — Despegar.com: Q4 Earnings Snapshot

By TAIJING WU Associated Press TAIPEI, Taiwan (AP) — The founder of the processor chip industry’s biggest manufacturer is warning that U.S. government efforts to move production from Asia to the United States will as much as double their cost. Morris Chang of Taiwan Semiconductor Manufacturing Corp. said that would slow the spread of their

By KIRSTEN GRIESHABER Associated Press BERLIN (AP) — Chancellor Olaf Scholz says that Germany will have to do a better job at clamping down on “irregular migration” and deporting those who don’t legally reside in the country. But Scholz said Thursday that Germany would continue to provide protection for Ukrainians fleeing Russia’s war. More than

VANCOUVER, British Columbia — Fortuna: Q4 Earnings Snapshot

BEIJING (AP) — China accused the United States on Thursday of spreading disinformation and suppressing TikTok following reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app. The U.S. has yet to present evidence that TikTok threatens its national security and was using the excuse

By ZEN SOO Associated Press HONG KONG (AP) — Chinese search giant Baidu has unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation that appeared to disappoint investors. Baidu CEO Robin Li said Ernie Bot was still not perfected, but the company went ahead with

By DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) — Clashes have broken out in Athens and a southern city during a general strike in Greece that drew large protests called in response to a rail disaster last month. The strike on Thursday grounded flights and extensively disrupted services and also kept ferries to the Greek

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares advanced Friday in Asia, tracking a rally on Wall Street after a group of big banks offered a lifeline to First Republic Bank, the lender investors had focused on in their latest hunt for troubles in the banking industry. Chinese markets gained more than 1%

By MARK THIESSEN and MATTHEW BROWN Associated Press ANCHORAGE, Alaska (AP) — The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives. Some say oil money won’t counter the damages caused by climate change and others defend the project as economically

WASHINGTON (AP) — TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security. The company was responding to a report in The Wall Street Journal that said the Committee on Foreign

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom says he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging. At first, Newsom had asked state lawmakers to pass a law that would impose hefty fines on oil companies if their profits

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan and South Korea agreed to resume regular visits between their leaders and take steps to resolve a trade dispute during a long-awaited summit. Japan’s prime minister called it a “big step” to rebuilding the two nations’ security and economic ties as they try to overcome a

LOS ANGELES (AP) — A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of  bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal. The agreement filed Wednesday calls for former Wells Fargo executive Carrie Tolstedt to serve

By JANIE HAR Associated Press SAN FRANCISCO (AP) — San Francisco supervisors have backed the idea of paying reparations to Black people, but whether members will agree to lump-sum payments of $5 million to every eligible person or to any of the more than 100 other recommendations made by an advisory committee won’t be known

SINGAPORE — JOYY: Q4 Earnings Snapshot

By MARGARET STAFFORD Associated Press The Minnesota labor department is asking a district court to issue a temporary restraining order and injunction against a meat processing plant that it says is having minors work in in hazardous conditions and longer hours than state labor laws allow. The Minnesota Department of Labor and Industry announced Wednesday

AUSTIN, Texas — FalconStor Software: Q4 Earnings Snapshot

DENVER — EverCommerce: Q4 Earnings Snapshot

SAN DIEGO — Capricor: Q4 Earnings Snapshot

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A mining company that wants to produce a collection of rare elements in southeast Nebraska has raised funds toward its goal of finding the $1.1 billion it needs to build the mine that has been in the works for decades. A regulatory filing shows that

NEW YORK — UiPath: Fiscal Q4 Earnings Snapshot

By AUDREY McAVOY Associated Press A U.S. judge says the National Marine Fisheries Service violated the law when it failed to develop a plan to prevent the harming of humpback whales by West Coast commercial fishermen catching sablefish. The ruling says the Endangered Species Act requires the fisheries service to develop a plan to reduce

SYLMAR, Calif. — Tutor Perini: Q4 Earnings Snapshot

TORONTO — Franco-Nevada: Q4 Earnings Snapshot

AURORA, Ontario — Helix Biopharma: Fiscal Q2 Earnings Snapshot

By GEOFF MULVIHILL Associated Press Signature Bank’s collapse came stunningly fast, leaving behind the question of whether there was a fundamental flaw in the way it did business — or if it was just a victim of the panic that spread after the failure of Silicon Valley Bank. There were few outward signs that Signature

CLEVELAND — Park-Ohio: Q4 Earnings Snapshot

HOUSTON — Superior Energy: Q4 Earnings Snapshot

CORAL GABLES, Fla. — Catalyst: Q4 Earnings Snapshot

The Associated Press Stocks fell amid fresh worries about the banking sector, although Wall Street more than halved its losses by the closing bell. The S&P 500 closed with a decline of 0.7%. The Dow posted a slightly steeper drop, while the Nasdaq rose slightly thanks to late gains in tech shares. Treasury yields plunged

PHILADELPHIA — Five Below: Fiscal Q4 Earnings Snapshot

By LINDSEY BAHR AP Film Writer James Gunn is directing a Superman film. The film, which Gunn also wrote, will be titled “Superman: Legacy” and is set for relase on July 11, 2025, which has special significance for the director. It’s his late father’s birthday. Gunn announced the new Superman film along with fellow CEO

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Credit Suisse Group AG, down 35 cents to $2.16. The Saudi National Bank told news outlets that it would not inject more money into the struggling bank. Smartsheet Inc., up $6.81 to $45.13. The maker of a cloud-based work-management platform reported

REDWOOD CITY, Calif. — Avinger: Q4 Earnings Snapshot

SAN JOSE, Calif. — Adobe: Fiscal Q1 Earnings Snapshot

NEWARK, Calif. — Protagonist Therapeutics: Q4 Earnings Snapshot

By LLAZAR SEMINI Associated Press TIRANA, Albania (AP) — Albania’s government has formally designated the Vjosa River and its tributaries a national park, starting with an investment of some $80 million (75 million euros) to stop wastewater being poured into the river. Authorities held a ceremony Wednesday in a move aimed at preserving what they

The Associated Press Benchmark U.S. crude oil for April delivery fell $3.72 to $67.61 a barrel Wednesday. Brent crude for May delivery fell $3.76 to $73.69 a barrel. Wholesale gasoline for April delivery fell 11 cents to $2.44 a gallon. April heating oil fell 11 cents to $2.60 a gallon. April natural gas fell 13

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — He’s led Atlantic City casino workers through three strikes, been arrested at protests nearly 10 times, and won workers including housekeepers, cocktail servers and others the best contract they’ve ever had. Now Bob McDevitt is stepping down as president of the main Atlantic City casino

By MATTHEW DALY Associated Press WASHINGTON (AP) — A new “good neighbor” rule issued by the Environmental Protection Agency will restrict smokestack emissions from power plants and other industrial sources that burden downwind areas with smog-causing pollution they can’t control. Nearly two dozen states will have to cut harmful industrial emissions of nitrogen oxide and

By JUSTIN SPIKE Associated Press BUDAPEST, Hungary (AP) — Thousands of students and other opponents of Hungary’s right-wing government have marched in the capital Budapest demanding educational reforms and a change in the Central European country’s political culture. The protest on Wednesday was dubbed a “freedom march” by organizers and was called by teachers unions

By BRIAN MELLEY Associated Press LONDON (AP) — The U.K. Supreme Court has ruled that Ukraine can try to avoid repaying $3 billion in loans it said it took under pressure from Russia in 2013 to prevent it from trying to join the European Union. The court on Wednesday rejected a bid by a British

By WANJOHI KABUKURU Associated Press Up to 9% of some African nations’ budgets is being spent on responding to extreme weather events, findings at a U.N. conference for African finance ministers revealed in Addis Ababa in Ethiopia on Wednesday. Climate change, along with the Ukraine war and a global financial downturn, are the main reasons

By KEN SWEET and STAN CHOE The Associated Press NEW YORK (AP) — A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week had the panic but few

By LARRY NEUMEISTER Associated Press NEW YORK (AP) — A self-exiled Chinese businessman has pleaded not guilty in New York to charges alleging that he oversaw a $1 billion fraud conspiracy. Guo Wengui and his financier, Kin Ming Je, were charged in an indictment in federal court in Manhattan with various charges, including wire, securities

BAKHMUT, Ukraine (AP) — Ukrainian troops are defending positions in Bakhmut in eastern Ukraine amid a relentless push by Russian forces to capture a city that has been turned into a wasteland by seven months of fighting. Both sides claimed successes Wednesday in what has become the longest-running battle since Russia launched its full-scale invasion

By KELVIN CHAN AP Business Writer LONDON (AP) — The company behind the ChatGPT chatbot has rolled out its latest artificial intelligence model, GPT-4, in the next step for a technology that’s caught the world’s attention. The new system can figure out tax deductions and answer questions like a Shakespearan pirate, for example, but it

By FRANK JORDANS Associated Press BERLIN (AP) — Germany’s defense industry says it stands ready to supply Ukraine with much-needed arms and ammunition, but needs clarity about what the country requires before investing in further production capacity.  The rate at which Ukraine is using ammunition has raised concerns about strains on Western defense companies as

BERLIN (AP) — German investigators say they have taken down a major online money laundering operation, seizing the Germany-based server infrastructure of a platform that dealt in ill-gotten cryptocurrency. Authorities said Wednesday that bitcoin currently worth about 44 million euros ($47 million) and roughly seven terabytes of data were secured as investigators took down the

By JOSEPH WILSON Associated Press BARCELONA, Spain (AP) — Spain’s left-wing government has won the backing of unions to reform the nation’s public pension system. That is in stark contrast with neighboring France, where plans to raise the retirement age have led to waves of strikes and mass protests. The leaders of Spain’s two main

By MICHELLE CHAPMAN AP Business Writer Mint Mobile, partly owned by actor Ryan Reynolds, is being acquired by T-Mobile as part of a cash-and-stock deal worth as much as $1.35 billion. T-Mobile’s purchase of Ka’ena Corp. will give it access the budget wireless provider Mint, along with Ultra Mobile and wholesaler Plum. The brands, which

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may be easing. From January to February, the government’s producer price index fell 0.1%, after a 0.3% rise from December to January, which was revised sharply

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has suggested that his country may soon ratify Finland’s application to join NATO. That would allow for the possibility of Finland joining the Western military alliance separately from Sweden. Finland and Sweden abandoned decades of nonalignment and applied to join NATO

LONDON (AP) — The U.K. defense ministry says British and German air force fighter jets were scrambled to intercept a Russian aircraft flying close to Estonian airspace. The U.K. and Germany are conducting joint air policing missions in Estonia as part of NATO efforts to bolster its eastern flank in response to Russia. Britain’s defense

By The Associated Press The Justice Department and the Securities and Exchange Commission have launched investigations into the collapse of Silicon Valley Bank. That’s according to what two people familiar with the matter told The Associated Press. The people said the investigations – which are separate inquiries – are in the early stages and will

By JAMEY KEATEN and DAVID McHUGH Associated Press GENEVA (AP) — Fears about the world banking system spread to Europe on Wednesday as shares in the globally connected Swiss bank Credit Suisse plunged and dragged down other major European lenders in the wake of bank failures in the United States. At one point, Credit Suisse

BERLIN (AP) — The German government says the defense minister has decided to replace the chief of the country’s armed forces by putting in his place the military’s current head of domestic operations. The Defense Ministry said Wednesday that top military commander since April 2018 Gen. Eberhard Zorn will be replaced by Lt. Gen. Carsten

By JONATHAN LANDRUM Jr. AP Entertainment Writer LOS ANGELES (AP) — Kevin Hart will keep his comedic candor going with SiriusXM. But this time he’ll bring along more recognizable figures from outside the comedy realm. The satellite radio company announced Wednesday that it has signed Hart and his entertainment company, Hartbeat, to a multi-year deal.

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — America’s consumers trimmed their spending in February after a buying burst in January, underscoring the volatility of the economic environment. The government said Wednesday that retail sales slipped 0.4% after jumping a revised 3.2% in January, helped by an increase in auto sales. Retail sales

OLD GREENWICH, Conn. — Star Equity: Q4 Earnings Snapshot

By VLADIMIR ISACHENKOV and BASSEM MROUE Associated Press MOSCOW (AP) — Russian President Vladimir Putin is hosting Syrian leader Bashar Assad for talks in the Kremlin that are expected to focus on rebuilding Syria after a devastating civil war and mending the country’s ties with Turkey. Welcoming Assad at the start of Wednesday’s meeting that

JOHNS CREEK, Ga. — Ebix: Q4 Earnings Snapshot

DETROIT (AP) — Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly. The recall covers some of the the automaker’s top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 Accord, the 2018 through 2020 Odyssey and the 2019 Insight. Also included

MONTEVIDEO, Uruguay — Arcos Dorados: Q4 Earnings Snapshot

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — A senior United Nations official says the world body remains committed to helping rival Greek Cypriots and Turkish Cypriots reach an agreement to bridge the island nation’s ethnic rift, which has been a source of instability in the east Mediterranean for decades. U.N. Under-Secretary-General for Political

REHOVOT, Israel — Kamada: Q4 Earnings Snapshot

SHANGHAI — GDS Holdings: Q4 Earnings Snapshot

HOUSTON — Aravive: Q4 Earnings Snapshot

By KATE ASHFORD of NerdWallet Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug. One in five Medicare recipients currently uses medical marijuana, according to a 2022

By BASSEM MROUE Associated Press BEIRUT (AP) — Officials say Lebanon’s Central Bank chief has again been charged with corruption, this time after he failed to show up for questioning before a European legal team visiting Beirut in a money-laundering probe linked to the governor. Judicial officials say the governor, Riad Salamehm, his brother and

By RAF CASERT Associated Press BRUSSELS (AP) — The European Union moved closer to ending a trade dispute with U.S. President Joe Biden following months of wrangling over the billions of America-first incentives in his clean technology plans. Now the EU said it would ramp up a similar subsidy-laden  effort at home. European Commission President

BURLINGTON, Mass. — Circor: Q4 Earnings Snapshot

By MICHAEL CANTU Edmunds Both the Toyota Prius and Kia Niro have been redesigned for 2023. The new Prius is more powerful and better-looking than ever, but the bold new Kia Niro is a great all-around choice. Does it have what it takes to overthrow the Prius’ reign? Edmunds experts compared both hybrids to find