AP National Business

VANCOUVER, British Columbia — Westport: Q4 Earnings Snapshot

GREAT NECK, N.Y. — One Liberty Properties: Q4 Earnings Snapshot

The Associated Press Bank stocks tumbled on worries about what’s next to break, following the second- and third-largest bank failures in U.S. history. But many other stocks rose Monday on hopes the bloodletting will force the Federal Reserve to take it easier on the hikes to interest rates that are shaking Wall Street and the

CARDIFF, Calif. — Sunesis: Q4 Earnings Snapshot

Stocks that traded heavily or had substantial price changes Monday: KeyCorp, Philips 66 fall; Seagen, Insulet rise.

The Associated Press Benchmark U.S. crude oil for April delivery fell $1.88 to $74.80 a barrel Monday. Brent crude for May delivery fell $2.01 to $80.77 a barrel. Wholesale gasoline for April delivery fell 6 cents to $2.59 a gallon. April heating oil fell 1 cent to $2.76 a gallon. April natural gas rose 18

By CLAIRE SAVAGE Associated Press/Report for America CHICAGO (AP) — Illinois will become one of three states to require employers to offer paid time off for any reason after Gov. J.B. Pritzker signed a law on Monday that will take effect next year. Starting Jan. 1, Illinois employers must offer workers paid time off based

By JILL LAWLESS Associated Press LONDON (AP) — British Prime Minister Rishi Sunak has pledged to increase U.K. military funding by 5 billion pounds ($6 billion) over the next two years in response to Russia’s invasion of Ukraine and the challenge posed by China. The increase is part of a major update to U.K. foreign

By CHRISTOPHER RUGABER and KEN SWEET Associated Press WASHINGTON (AP) — Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe. It’s all

By SYLVIE CORBET Associated Press PARIS (AP) — French President Emmanuel Macron is facing a crucial test this week as the battle over his unpopular plan to raise the retirement age from 62 to 64 is set to reach a peak in the streets and at parliament. The 45-year-old pro-business centrist has put his legacy

By BECKY BOHRER, MATTHEW BROWN and MATTHEW DALY Associated Press JUNEAU, Alaska (AP) — The Biden administration is approving a major oil project on Alaska’s petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities in the region but environmentalists say is counter to President Joe Biden’s climate goals. The decision on

IRVING, Texas (AP) — Unionized workers at Caterpillar Inc. have approved a new six-year contract with the company that includes a $6,000 ratification bonus, 19% in pay raises and 8% worth of lump-sum payments. Members of the United Auto Workers union approved the deal over the weekend that covers 7,000 employees in Central Illinois and

By JAMEY KEATEN and KARL RITTER Associated Press GENEVA (AP) — A Russian delegation at talks with senior U.N. officials says Moscow is ready to accept an extension to a grain export deal that has helped bring down global food prices amid the war with Ukraine. But it said it would accept only a 60-day

By JARI TANNER Associated Press HELSINKI (AP) — A Swedish think tank says Russia’s invasion of Ukraine that led to a substantial flow of military aid to Kyiv made Ukraine the world’s third largest importer of arms in 2022. The Stockholm International Peace Research Institute, or SIPRI, reported that from 1991, when Ukraine became independent

LEXINGTON, Mass. — Curis: Q4 Earnings Snapshot

By BOUAZZA BEN BOUAZZA Associated Press TUNIS, Tunisia (AP) — Tunisia’s new parliament has convened for the first time after the president suspended the previous legislature in 2021. President Kais Saied and many Tunisians blamed the Islamists who dominated the old parliament for the country’s economic and social crises. Saied has since legislated by decree

The Labor Department delivers its latest monthly index of inflation at the consumer level Tuesday. Aslo Tuesday, Homebuilder Lennar releases its first-quarter earnings after the bell. The Commerce Department issues its monthly tally of U.S. retail sales Wednesday.

By GREG KELLER AP Business Writer LOS ANGELES (AP) — With a new theme park attraction opened last month, an upcoming major motion picture and the sequel to a massive hit video game about to be released, everything’s coming up Nintendo. Doug Bowser, the head of Nintendo USA since 2019, spoke to The Associated Press

NEW YORK — Inspired Entertainment: Q4 Earnings Snapshot

NEWARK, N.J. — Genie Energy: Q4 Earnings Snapshot

By JILL LAWLESS Associated Press LONDON (AP) — The BBC says sports commentator Gary Lineker will return to the airwaves. Britain’s national broadcaster has reversed the former soccer great’s suspension for a post on Twitter that had criticized the British government’s new asylum policy. BBC Director-General Tim Davie said Monday that “I look forward to

By TOM MURPHY and MICHELLE CHAPMAN Associated Press Pfizer is spending about $43 billion to reach deeper into new cancer treatments that target tumor cells while sparing surrounding healthy tissue. The pharmaceutical giant said Monday it will pay $229 in cash for each share of Seagen Inc. Pfizer then plans to let the biotech drug

HAIFA, Israel — ZIM: Q4 Earnings Snapshot

WOODCLIFF LAKE, N.J. — Eagle Pharmaceuticals: Q4 Earnings Snapshot

By KIMBERLY PALMER of NerdWallet Women often pay more for goods and services, but it doesn’t have to be that way. Shopping experts say that by opting for gender-neutral personal care products, consumers can sometimes avoid what’s been dubbed the “pink tax.” At the hair salon, dry cleaners and car dealership, being a more informed

BERLIN (AP) — Flights at several German airports have been severely disrupted by the latest in a string of one-day strikes related to various pay disputes. The ver.di union called workers out on “warning strikes” at Berlin, Hamburg, Hannover and Bremen airports on Monday. Some 200 departures were canceled in Berlin on Monday, and about

By KEN SWEET, CHRISTOPHER RUGABER, CHRIS MEGERIAN and CATHY BUSSEWITZ Associated Press NEW YORK (AP) — Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures. President Joe Biden insisted Monday that the system is safe after

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares declined Tuesday, as investors around the world watched to see what’s next following the second- and third-largest bank failures in U.S. history. In Asia, direct exposure to the risks from the U.S. failures seemed slim, at least so far. Still, fears of contagion persisted,

By DAVID McHUGH AP Business Writer Russia has weathered sweeping Western economic sanctions better than many expected. Economic life for everyday Russians hasn’t changed that much, with familiar imported goods either still available or replaced by local knockoffs. There’s no mass unemployment, shuttered banks or other signs of crisis. But President Vladimir Putin’s fortress economy

By ZEKE MILLER and DARLENE SUPERVILLE AP White House Correspondent SAN DIEGO (AP) — President Joe Biden and the leaders of Australia and the United Kingdom have announced that Australia will buy nuclear-powered attack submarines from the U.S. to modernize its fleet. The agreement comes as concerns grow about China’s influence in the Indo-Pacific region.

By JOE McDONALD Associated Press BEJIING (AP) — President Xi Jinping is calling for China to play a bigger role in managing global affairs after Beijing scored a diplomatic coup by hosting talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic relations. Xi spoke Monday following a legislative session that installed

KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Muhyiddin Yassin has pleaded innocent to another corruption charge. The seventh charge against him involves receiving illegal proceeds of $1.1 million that was banked to his political party. Muhyiddin is Malaysia’s second leader to be indicted after leaving office and has called the case against him

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Hardly anything changed when Japan dropped its request for people to wear masks after three years. Most commuters exiting Tokyo’s main train station Monday morning were wearing masks as they headed to work. Some lawmakers wore masks during a televised parliament session, though Prime Minister Fumio Kishida

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares mostly fell Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world. But the falls were relatively subdued because of reassurances from U.S. officials that financial

By CHRIS MEGERIAN and MATTHEW DALY Associated Press WILMINGTON, Del. (AP) — As President Joe Biden prepares a final decision on the huge Willow oil project in Alaska, his administration announced he will prevent or limit oil drilling in 16 million acres in Alaska and the Arctic Ocean. Plans announced Sunday night will bar drilling

BRUSSELS (AP) — A major trade union organization has fired its general secretary after he admitted accepting donations from a suspect in a European cash-for-influence scandal. The International Trade Union Confederation said on its website Saturday that “Luca Visentini no longer had the confidence of the General Council as ITUC General Secretary.” Visentini was named

JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu says that the government will assess the Silicon Valley Bank’s collapse and determine whether or not to assist Israeli companies. Netanyahu said at a Cabinet meeting on Sunday that he and senior Israeli officials would consider “whether or not actions are necessary to assist Israeli companies in

By KEN SWEET AP Business Writer NEW YORK (AP) — Can Washington come to the rescue of the depositors of failed Silicon Valley Bank? Is it even politically possible? That was one of the growing questions in Washington Sunday as policymakers tried to figure out whether the U.S. government — and its taxpayers — should

By ELAINE GANLEY Associated Press PARIS (AP) — An unpopular bill that would raise the retirement age in France from 62 to 64 has gotten a push forward. The French Senate voted 195-112 on Saturday to adopt the measure, despite protests and tons of uncollected garbage piling higher by the day. The legislation is expected

By AUREL OBREJA and STEPHEN McGRATH Associated Press CHISINAU, Moldova (AP) — Police in Moldova said they foiled a plot by groups of Russia-backed actors who were trained to cause mass unrest during a Sunday protest against the country’s new pro-Western government. The head of Moldova’s police, Viorel Cernauteanu, said in a news conference that

By KEN SWEET, CHRISTOPHER RUGABER, CHRIS MEGERIAN and CATHY BUSSEWITZ Associated Press NEW YORK (AP) — The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring all depositors at the failed institution that they could access all their money quickly, even as another

By ELLEN KNICKMEYER Associated Press Writer WASHINGTON (AP) — Officials who oversee Saudi Arabia’s tens of billions of dollars in U.S. investments haven’t been shy about flaunting their ties with top American business and political figures, down to wearing MAGA caps as they swing golf clubs alongside former President Donald Trump. But they’ve been silent

NAIROBI, Kenya (AP) — Kenyan police say two foreign tourists have died after the vehicle they were traveling in veered off the road and overturned in the Maasai Mara national reserve. The dead were German and Swiss nationals. Police said Sunday that the crash happened after the vehicle car got stuck in the mud and

BEIJING (AP) — China on Sunday reappointed Yi Gang as head of the central bank in an effort to reassure entrepreneurs and financial markets by showing continuity at the top while other economic officials change during a period of uncertainty in the world’s second-largest economy. Yi, whose official title is governor of the People’s Bank

By STAN CHOE and BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down

By SCOTT SONNER Associated Press RENO, Nev. (AP) — Last winter, most ski resorts at Lake Tahoe had to postpone their usual November openings because there wasn’t enough snow. This season, several have been forced to close at times because there’s been too much. A relentless winter has dumped more than 50 feet (15 meters)

TRENTON, N.J. (AP) — Gas prices surged in New Jersey and around the nation at large, but analysts say the increase could be short-lived amid a recent drop in demand and the cost of crude oil. AAA Mid-Atlantic says the average price of a gallon of regular gas in New Jersey on Friday was $3.30,

By JOSH BOAK and CHRISTOPHER RUGABER Associated Press WASHINGTON (AP) — There’s one way to force President Joe Biden and Congress to solve the looming crisis over the debt limit: a financial market crash. That’s a view held by several economists and a former White House official, mindful that Congress rarely acts unless an emergency

By DAVID BAUDER AP Media Writer NEW YORK (AP) — It wasn’t critics, political foes or their bosses that united Fox News stars Tucker Carlson, Sean Hannity and Laura Ingraham when they gathered via text message for a gripe session shortly after the 2020 election. It was their own network’s news division. “They’re pathetic,” Carlson

BEIJING (AP) — China on Saturday named Li Qiang, a close confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years. Li was nominated by Xi and appointed to the position at Saturday morning’s session of the

By MARK THIESSEN Associated Press ANCHORAGE, Alaska (AP) — Not one but two volcanoes on the same island in Alaska’s Aleutian chain were rocked by earthquakes on Friday, prompting concerns about a possible eruption. Elevated earthquake activity was reported at both Tanaga and Takawangha volcanoes on uninhabited Tanaga Island, hundreds of miles (kilometers) from Anchorage.

By DARLENE SUPERVILLE Associated Press WASHINGTON (AP) — President Joe Biden is sticking with a blue-and-white color scheme for the exterior of the replacement Air Force One aircraft, the first of which is expected to be delivered in four years. The Air Force said late Friday that the light blue on the new model of

By BECKY BOHRER Associated Press JUNEAU, Alaska (AP) — A judge has ruled that data from wells drilled by ConocoPhillips Alaska on federal lands on Alaska’s North Slope can remain confidential for now. That includes data from wells on federal leases that are part of a major oil project the company is pursuing called Willow.

By JOHN HANNA Associated Press TOPEKA, Kan. (AP) — U.S. government regulators have stopped allowing a large part of the Keystone oil pipeline to operate at higher-than-normal pressures following a massive oil spill in northeastern Kansas in December. The order this week from the U.S. Department of Transportation covers 1,220 miles of the Keystone pipeline

By KEN SWEET AP Business Writer NEW YORK (AP) — The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday. How did this happen? Here’s what

GREENWICH, Conn. — Urstadt Biddle: Fiscal Q1 Earnings Snapshot

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Vail Resorts Inc., down $7.56 to $221.13. The ski resort operator reported weak fiscal second-quarter earnings. Gap Inc., down 71 cents to $10.87. The clothing chain’s fourth-quarter loss was bigger than Wall Street expected. Ulta Beauty Inc., up $1.25 to $521.18.

GREENWICH, Conn. — Urstadt: Fiscal Q1 Earnings Snapshot

The Associated Press Fear rattled Wall Street Friday, and stocks tumbled on worries about what’s next to break under the weight of rising interest rates following the biggest U.S. bank failure in nearly 15 years. The S&P 500 fell 1.4%, capping its worst week since September. That’s despite a highly anticipated report showing pay raises

By LEAH WILLINGHAM Associated Press CHARLESTON, W.Va. (AP) — A bill that would cap some of the damages West Virginia workers and their families can receive if their employer deliberately puts them in harm’s way on the job is headed to the desk of Gov. Jim Justice. The Republican governor has not indicated whether he

The Associated Press Benchmark U.S. crude oil for April delivery rose 96 cents to $76.68 a barrel Friday. Brent crude for May delivery rose $1.19 to $82.78 a barrel. Wholesale gasoline for April delivery rose 4 cents to $2.65 a gallon. April heating oil rose 10 cents to $2.77 a gallon. April natural gas fell

By MATTHEW DALY Associated Press WASHINGTON (AP) — In a sign of a deepening rift among Democrats on energy issues, conservative Democratic Sen. Joe Manchin says he will not move forward on President Joe Biden’s nominee to oversee oil and gas leasing at the Interior Department. Manchin, of West Virginia, chairs the Senate Energy and

By CLAIRE SAVAGE Associated Press/Report for America CHICAGO (AP) — E-cigarette company Juul Labs will pay Chicago $23.8 million to settle a lawsuit alleging the company marketed harmful vaping products to underage users, the city announced Friday. The city will use the money for youth prevention and reduction programs, education and outreach, according to a

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The American job market has once again confounded expectations. The nation’s employers added a hefty 311,000 jobs last month, easily surpassing the 208,000 gain that forecasters had expected. The latest evidence that businesses’ demand for workers is still robust complicates things for the inflation fighters at

HARTFORD, Conn. (AP) — Connecticut is suing the operator of the state’s 23 highway rest stops. The state alleges that New Haven-based Project Service is refusing to pay more than $2.7 million in back wages to food service workers for Subway, Dunkin’ and other restaurant chains. State Attorney General William Tong announced the lawsuit Friday.

By MATTHEW BARAKAT Associated Press FALLS CHURCH, Va. (AP) — A judge has rejected a request from Google to transfer a federal antitrust lawsuit against it from Virginia to New York. The ruling Friday from U.S. District Judge Leonie Brinkema is a victory for the Justice Department and several states, including Virginia, that sued Google

BRUSSELS (AP) — Belgium’s prime minister says TikTok is being banned from government phones over worries about cybersecurity, privacy and misinformation. The Chinese-owned video sharing app will be temporarily prohibited from devices owned or paid for by the federal government for at least six months. TikTok says it is disappointed by the suspension, which it

NICOSIA, Cyprus (AP) — The president of Cyprus says he will earmark 2% of gross domestic product to defense spending in line with other European Union member states as a means to strengthen the east Mediterranean island nation’s foreign policy bargaining power. Nikos Christodoulides told reporters after a visit to a Special Forces training camp

PARIS (AP) — French President Emmanuel Macron has written to labor unions insisting on the need to raise the retirement age from 62 to 64 in order to make the French pension system financially sustainable in the coming years. The move comes after more than a million demonstrators marched in cities and towns across France

By JENNIFER O’MAHONY Associated Press MADRID (AP) — Ford Motor Co. says it will cut around 1,100 jobs at its plant in the Spanish city of Valencia. The cuts announced Friday are in addition to the 2,300 layoffs largely in Germany and the U.K. that the auto manufacturer announced last month as part of a

VIENNA (AP) — The head of the International Atomic Energy Agency is set for another four-year term at the helm of the United Nations’ nuclear watchdog as it grapples with monitoring Iran’s nuclear activities and tries to shore up the safety of power plants in Ukraine. The IAEA said that its 35-nation board of governors

SAO PAULO — Embraer: Q4 Earnings Snapshot

By KEN SWEET AP Business Writer NEW YORK (AP) — Regulators rushed Friday to seize the assets of one of Silicon Valley’s top banks, marking the largest failure of a U.S. financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried

LONDON (AP) — U.K. authorities have dropped fraud charges against former executives of security firm G4S, saying it is “no longer in the public interest” to continue the decade-old case. The Serious Fraud Office opened an investigation in 2013 into allegations the company had overcharged by millions of pounds on contracts to monitor offenders using

By SYLVIE CORBET and JILL LAWLESS Associated Press PARIS (AP) — U.K. Prime Minister Rishi Sunak and French President Emmanuel Macron have agreed to step up efforts to tackle Channel migrant crossings. They also agreed at a meeting Friday in Paris to strengthen military ties and further help Ukraine in efforts to mend relations following

INDIANAPOLIS — Hurco: Fiscal Q1 Earnings Snapshot

THE WOODLANDS, Texas — Target Hospitality: Q4 Earnings Snapshot

THE WOODLANDS, Texas — CSI Compressco: Q4 Earnings Snapshot

KEARNEY, Neb. — Buckle: Fiscal Q4 Earnings Snapshot

By RAF CASERT Associated Press BRUSSELS (AP) — The humble egg has become a star performer for all the wrong reasons as inflation has hit households across the European Union extremely hard over the year. The EU’s statistical agency Eurostat announced Friday that the average price of an egg — that important staple for poor

SHANGRAO, China — JinkoSolar: Q4 Earnings Snapshot

By KELVIN CHAN AP Business Writer LONDON (AP) — Total pay for BP’s CEO more than doubled to $12 million last year. The disclosure Friday from the London-based energy giant came a day after rival Shell reported a similar multimillion-dollar pay package for its top executive on the heels of both companies posting their highest-ever

By SUZAN FRASER Associated Press ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan has formally set the country’s parliamentary and presidential elections for May 14. That’s a month earlier than scheduled despite the devastating Feb. 6 earthquake that killed about 50,000 people in Turkey and Syria. Erdogan is seeking to extend his two decades

COLORADO SPRINGS, Colo. — Century Casinos: Q4 Earnings Snapshot

BEIJING (AP) — China has accused Canada of smearing its reputation over allegations China is secretly operating two overseas Chinese police stations in Quebec. Foreign Ministry spokesperson Mao Ning said Friday that Canada should “stop sensationalizing and hyping the matter and stop attacks and smears on China,” but did not deny the existence of the

By KARL RITTER and MSTYSLAV CHERNOV Associated Press KYIV, Ukraine (AP) — Ukraine’s capital had most of its power supply restored Friday, officials said, as the country again responded swiftly and defiantly to the latest Russian missile and drone barrage targeting critical infrastructure. In what has become a familiar Russian tactic since early October, the

By AAMER MADHANI and RAF CASERT Associated Press WASHINGTON (AP) — President Joe Biden and European Commission President Ursula von der Leyen have agreed to open negotiations between the U.S. and the EU on boosting the use of European minerals in the production of batteries for electrical vehicles that are eligible for U.S. tax credits.

VANCOUVER, British Columbia — Benev Capital: Q4 Earnings Snapshot

BRUSSELS (AP) — European Union member countries and negotiators from the EU Parliament have agreed on a provisional deal aimed at reducing energy consumption across the 27-nation bloc. Under the agreement, EU countries must achieve the goal collectively, to ensure a reduction of consumption of at least 11.7% compared with the forecasts for 2030 that