AP National Business

By TIM REYNOLDS AP Basketball Writer PayPal says the company will no longer sponsor the Phoenix Suns if owner Robert Sarver remains part of the franchise when his suspension ends. PayPal says its current partnership deal with the Suns ends after the coming 2022-23 season, meaning it will expire during Sarver’s one-year suspension from the

By BASSEM MROUE Associated Press BEIRUT (AP) — Lebanese depositors have stormed at least five banks to demand their trapped savings, signaling growing chaos amid the country’s economic meltdown. Friday’s raids were the most in a single day and the latest in a spate of bank break-ins that reflect public anger at the country’s strict

By LORNE COOK Associated Press BRUSSELS (AP) — The European Union’s executive branch has unveiled plans for new laws that it said would help protect media freedom and independence in the 27-nation bloc. The European Commission said the EU needs a European Media Freedom Act at a time of mounting concern about the dangers of

By GLENN GAMBOA AP Business Writer NEW YORK (AP) — Craig Newmark twists a “Batman” quote to jokingly refer to himself as “not the nerd you want, but maybe, now and then, I’m the nerd you need.” Newmark, the founder of Craigslist, has since retired from the pioneering website that made him a billionaire, according

By MICHAEL FAULHABER and DANIEL NIEMANN Associated Press MUNICH (AP) — Oktoberfest is back in Germany after two years of pandemic cancellations — the same bicep-challenging beer mugs, fat-dripping pork knuckles, pretzels the size of dinner plates, men in leather shorts and women in cleavage-baring traditional dresses. But while brewers are more than glad to

By HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — The head of China’s legislature called for cooperation with South Korea in advanced technology and supply chains, as he met South Korean leaders Friday amid concerns that their moves to solidify a military alliance with Washington could hamper Seoul’s ties with Beijing. Li Zhanshu, third

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar. Administration officials say it’d help reinforce the U.S. role as a leader in the world financial system. The White House said Friday that after President Joe Biden

By RAFAL NIEDZIELSKI Associated Press JANOW, Poland (AP) — Poland has sealed $3 billion deals with South Korea for the purchase of 48 Korean FA-50 fighter planes as the central European country takes urgent steps to increase its deterrence and defense capabilities amid Russia’s war on neighboring Ukraine. The airplane deals follow contracts signed last

By VASILISA STEPANENKO Associated Press IZIUM, Ukraine (AP) — Investigators searching through a mass burial site in Ukraine have found evidence that some of the dead were tortured, including bodies with broken limbs and ropes around their necks, Ukrainian President Volodymr Zelenskyy said Friday. The site near the northeastern city of Izium, recently recaptured from

PARIS (AP) — Many domestic and some international flights have been canceled in France after air traffic controllers went on a national strike Friday over pay and recruitment issues. French civil aviation authority DGAC warned that domestic traffic would be “severely disrupted” with many flights canceled and other experiencing long delays. Travelers have been advised

By MALAK HARB Associated Press DUBAI, United Arab Emirates (AP) — A British man accused by Denmark of masterminding a $1.7 billion tax fraud has been ordered by a Dubai court to pay Copenhagen’s tax authority $1.25 billion. That’s according to court filings seen Friday in the case against Sanjay Shah. Just days earlier, another

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street closed out the stock market’s worst week in three months with more losses Friday, as a stark warning from FedEx about rapidly worsening trends in the economy rattled already anxious investors. The S&P 500 fell 0.7%, with all but two of its 11

By FRANK JORDANS Associated Press BERLIN (AP) — Germany is taking control of three Russian-owned refineries to ensure energy security before a European Union embargo on oil from Russia takes effect next year. German officials said Friday that two subsidiaries of Russian oil giant Rosneft would be put under the administration of a German government

By LINDSAY WHITEHURST Associated Press WASHINGTON (AP) — A top Justice Department official has announced new incentives for companies that cooperate with corporate criminal investigations and a $250 million Congressional budget request to expand its work. Deputy Attorney General Lisa Monaco said Thursday there has been a decline in the number of corporate criminal prosecutions

By DON THOMPSON Associated Press SACRAMENTO, Calif. (AP) — A new law in California will require companies that provide online services to protect children’s privacy. Gov. Gavin Newsom signed the law on Thursday. It requires companies to not profile children or use children’s personal information that could harm their physical or mental health or well-being.

By DAVID HAMILTON AP Technology Editor SAN FRANCISCO (AP) — A complex software change to the cryptocurrency ethereum holds the potential to dramatically reduce its energy consumption — and resulting climate-related pollution. But the transition known as “the merge” is not going to do the trick by itself. With the change enacted late Wednesday, ethereum

The Associated Press Stocks closed lower on Wall Street, putting major indexes deeper in the red for the week. The S&P 500 fell 1.1% on Thursday. The benchmark index is down for the week following the biggest pullback for the market in more than two years on Tuesday. Railroad operators were mostly higher after a

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Adobe, Arconic fall; Humana, Danaher rise.

By DAVID KOENIG AP Airlines Writer Boeing is stuck with more than 100 planes that it can’t deliver to Chinese airlines, so it’s going to resell some of those planes to other customers. Company officials said Thursday they have waited long enough for permission to deliver new Boeing 737 Max jets to China, and they

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — A Louisiana judge has thrown out air quality permits for a Taiwanese company’s planned $9.4 billion plastics complex in a heavily industrialized area often referred to as “Cancer Alley.” District Judge Trudy White says the Louisiana Department of Environmental Quality brushed off its environmental justice analysis

The Associated Press Benchmark U.S. crude oil for October delivery fell $3.38 to $85.10 a barrel Thursday. Brent crude for November delivery fell $3.26 to $90.84 a barrel. Wholesale gasoline for October delivery fell 9 cents to $2.43 a gallon. October heating oil fell 17 cents to $3.21 a gallon. October natural gas fell 79

DETROIT (AP) — Nissan is recalling more than 203,000 pickup trucks in the U.S. because they can roll away unexpectedly when shifted into park. The recall covers Frontier and Titan pickups from the 2020 through 2023 model years. Nissan says owners should use the parking brake whenever they park their trucks. The company says a

By JOHN FLESHER AP Environmental Writer TRAVERSE CITY, Mich. (AP) — Oil titan BP has agreed to pay $2.75 million to settle a lawsuit over air pollution from its largest refinery. Environmentalists had sued over emissions from the Whiting facility on the Lake Michigan shoreline between Hammond, Indiana, and Chicago. It’s the second deal reached

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — CSX has hired an auto industry executive to lead its railroad after its current CEO retires. Florida-based CSX said Thursday that former Ford executive Joe Hinrichs will take over from Jim Foote. Hinrichs said in an interview with The Associated Press he’s very excited that

By MATTHEW DALY and JENNIFER McDERMOTT Associated Press WASHINGTON (AP) — The Biden administration on Thursday announced plans to develop floating platforms in the deep ocean for wind towers that could power millions of homes and vastly expand offshore wind in the United States. The plan would target sites in the Pacific Ocean off the

BILOXI, Miss. (AP) — Mississippi has quietly settled its lawsuit against State Farm Fire and Casualty Co. for allegedly minimizing its Hurricane Katrina payments to policyholders, leaving the state to compensate homeowners. The Sun Herald reports that according to the settlement, the $12 million payment represents “restitution for damage, which was or may have been

DETROIT (AP) — General Motors says it will spend $491 million to expand and upgrade an Indiana metal stamping plant for production of steel and aluminum stamped parts for “future vehicles,” including electric vehicles. The automaker said Thursday it would install two new press lines, complete press and die upgrades and make renovations to the

LONDON (AP) — Microsoft’s $69 billion deal to buy video game company Activision Blizzard faces an in-depth antitrust investigation in Britain after the tech company refused to offer proposals to ease competition concerns. The U.K. competition watchdog said Thursday that it was referring the deal for more scrutiny. It said the deal “may be expected

By JAMEY KEATEN Associated Press GENEVA (AP) — Swiss police are investigating a fake advertising campaign that appeared on social media and shows a poster urging people to snitch on their neighbors if they heat their homes too much this winter — when an energy crunch is expected to hit Western Europe. The bogus ad,

DALLAS (AP) — Southwest Airlines says corporate travel is recovering a bit more slowly than the airline had expected. Southwest said Thursday that revenue from “managed” business travel in the quarter ending Sept. 30 will be down 26% to 28% from 2019 levels. That’s a bigger drop than Southwest had forecast earlier. The airline says

By WAYNE PARRY Associated Press TRENTON, N.J. (AP) — Mindful that its thriving internet gambling market is one of the brightest spots in New Jersey’s uneven gambling landscape, the state’s lawmakers are moving to extend authorization for online bets for another 10 years. A state Assembly committee held a hearing Thursday to consider extending the

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — A Lebanese activist group says they will continue to organize bank heists to help people retrieve their trapped savings in this crisis-hit Mideast country. Activists from the Depositors’ Outcry group made these remarks at a press conference on Thursday, after the group had helped Sali Hafez retrieve

BERLIN (AP) — The German government is urging companies to make a one-off payment to their employees of up to 3,000 euros (dollars) as a way of addressing the impact of rising prices while preventing a spiral of inflation in Europe’s biggest economy.Chancellor Olaf Scholz said Thursday that the government would waive the usual salary-related

By JARI TANNER Associated Press HELSINKI (AP) — Finland’s president says he wants to make it harder for Russians to use owning real estate in the Nordic nation as justification for obtaining travel visas. President Sauli Niinisto told journalists in Helsinki on Thursday that “getting a visa to a country is not a subjective right

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Kanye West is breaking up with the Gap. An attorney for Kanye West, who goes by Ye, told The Associated Press that a letter has been sent to the clothing chain Thursday seeking to terminate the contract between Gap and West’s company, Yeezy. The clash

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — The largest part of the U.S. economy is holding up against the hottest inflation in four decades and the threat of a potential recession. Hotels, restaurants and other businesses that provide services have managed to keep gaining ground through the summer, according to the

By MOGOMOTSI MAGOME Associated Press JOHANNESBURG (AP) — South African President Cyril Ramaphosa is expected to meet with U.S. President Joe Biden on Friday. Aides say that the South African leader will stress the importance of holding talks between Russia and Ukraine. Ramaphosa is among the African leaders who have maintained a neutral stance on

By DAVID BAUDER AP Media Writer NEW YORK (AP) — CNN says it is scrapping its “New Day” morning show for a revamped program that will be hosted by Don Lemon, Poppy Harlow and Kaitlan Collins, set to debut later this year. It will have a new name, set and format, but few of those

By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigeria’s consumer inflation surged to 20.5% in August, its statistics agency said Thursday, signalling more hardship for citizens and businesses in Africa’s largest economy. It is the seventh consecutive monthly increase in Nigeria’s inflation this year and the highest since 2005. The disruption in the supply

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Here’s what’s in the tentative agreement that railroad unions secured to prevent a potential freight railroad strike. The final deal was negotiated by the unions that represent engineers and conductors, but all 12 of the rail unions will likely benefit from the concessions railroads made

AMSTERDAM (AP) — The CEO of Amsterdam’s Schiphol Airport has quit after a summer that descended into chaos and flight cancellations amid staff shortages in the aftermath of the COVID-19 pandemic. CEO Dick Benschop told the board of his decision on Wednesday night and the airport announced his departure Thursday. He says, “I’ve done my

BERLIN (AP) — Germany’s economy minister says the Group of Seven major economies have agreed to take a tougher, more coordinated stance toward China when it comes to trade. Robert Habeck briefed reporters Thursday after a two-day meeting with fellow G-7 officials east of Berlin. He said the discussions about China were part of a

By MATT OTT and GLENN GAMBOA Associated Press The founder of outdoor gear company Patagonia says the company is transferring all of its voting shares into a trust dedicated to fighting the environmental crisis and defending nature. In a letter posted on the privately held company’s website, founder Yvon Chouinard said the 50-year-old company would

CAIRO (AP) — Flash flooding across Sudan has killed at least 20 people over the past week, raising the official death toll since the rainy season began in May to 134. The country’s National Council for Civil Defense said an additional 120 people had been injured in the flooding in the past week. Torrential downpours

By AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden has signed an executive order that aims to sharpen the national security considerations taken in the federal government’s review process for foreign investment in the United States. Biden administration officials say the order signed Thursday will bolster oversight by the Committee on Foreign Investment

Associated Press Amtrak says it is working to quickly restore canceled trains after President Joe Biden announced that a tentative railway labor agreement has been reached. Amtrak said Thursday that it is reaching out to impacted customers to accommodate on first available departures. Amtrak had canceled a number of its long-distance trains this week as

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans picked up their spending a bit in August from July even as surging inflation on household necessities like rent and food take a toll on household budgets. The U.S. retail sales rose an unexpected 0.3% last month, from being down 0.4% in July,  the

By LORNE COOK Associated Press BRUSSELS (AP) — European Union lawmakers have declared that Hungary has become “a hybrid regime of electoral autocracy” under the leadership of its nationalist government. The lawmakers say Hungary is undermining the bloc’s democratic values and it was no longer in the community of democracies. The parliamentarians raised concerns Thursday

By LISA ANTHONY of NerdWallet The possibility of a recession in the near future and the likely reduction in credit availability that is often associated with it may drive some small-business owners to explore financing options like a line of credit. Applying for a business line of credit may make sense for businesses that experience

By VASILISA STEPANENKO Associated Press IZIUM, Ukraine (AP) — Ukrainian authorities found a mass burial site near a recaptured northeastern city previously occupied by Russian forces, President Volodymyr Zelenskyy announced Thursday night. The grave was discovered close to Izium in the Kharkiv region. “The necessary procedures have already begun there. More information — clear, verifiable

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street lower on Friday after higher-than-expected U.S. inflation dashed hopes the Federal Reserve might ease off more interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil edged higher. Wall Street’s benchmark S&P 500 index lost 1.1% on Thursday, adding

By SARA CLINE Associated Press BATON ROUGE (AP) — The Louisiana Bond Commission has approved a $39 million future line of credit for a critical New Orleans area power plant project that had become an unlikely pawn in the ongoing political tug-of-war over enforcing Louisiana’s near-total abortion ban. The commission previously withheld approval, twice, amid

By MATTHEW BARAKAT AP Business Writer ARLINGTON, Va. (AP) — President Joe Biden says a deal has been reached to avert a looming freight rail strike that could have disrupted numerous commuter rail services across the country. Commuter rail services in Chicago, Washington, D.C., Seattle, the San Francisco Bay Area and elsewhere would have been

By CORA LEWIS Associated Press NEW YORK (AP) — If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time. Companies like Afterpay, Affirm, Klarna, and Paypal all offer the service, with Apple due

By KEN SWEET AP Business Writer NEW YORK (AP) — Americans have grown fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers. Buy now, pay later loans allow users to pay for items such new sneakers, electronics, or luxury goods in installments. Companies such as

By RODRIQUE NGOWI Associated Press EDGARTOWN, Mass. (AP) — Republican governors are escalating their partisan tactic of sending migrants to Democratic strongholds without advance warning, including a wealthy summer enclave in Massachusetts and the home of Vice President Kamala Harris, to taunt leaders of immigrant-friendly “sanctuary” cities and stoke opposition to Biden administration border policies.

TOKYO (AP) — Japan has reported it posted a record trade deficit in August as costs for imports of oil, gas and other commodities soared. The 2.82 trillion yen ($19.6 billion) deficit, the 13th in a row, was triple the deficit logged in the same month a year earlier. Customs data released Thursday showed exports

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung Electronics says it’s shifting away from fossil fuels and aiming to entirely power its global operations with clean electricity by 2050. That’s a challenging goal that experts say could be hampered by South Korea’s own modest climate change commitments. South Korea-based Samsung is a

By KAREEM CHEHAYEB Associated Press BEIRUT (AP) — A woman accompanied by activists and brandishing what she said was a toy pistol broke into a Beirut bank branch on Wednesday, taking $13,000 from her trapped savings. Sali Hafez told the local Al-Jadeed TV that she needed the money to fund her sister’s cancer treatment. She

By SOPHIE AUSTIN Associated Press/ Report for America SACRAMENTO, Calif. (AP) — California is launching an initiative to bring more tourism to native communities. It’s funded by a $1 million federal grant aimed in part at tackling the pandemic’s economic impact. Called Visit Native California, the program will market museums and cultural centers important to

JUNCTION CITY, Ky. (AP) — The National Transportation Safety Board says a 2019 pipeline explosion that resulted in one death and the destruction of five homes in Kentucky happened when the pipeline ruptured and released natural gas caught fire. The NTSB said Wednesday that 14 other homes were damaged as the fire burned about 30

By GILLIAN FLACCUS and MATTHEW BROWN Associated Press PORTLAND, Ore. (AP) — The Biden administration said Wednesday it has approved ambitious plans by 34 states and Puerto Rico to create a national electric vehicle charging network as the U.S. begins in earnest its transition away from gas-powered transportation. The plans’ approval means $900 million can

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Starbucks, Johnson & Johnson rise; Nucor, Union Pacific fall.

The Associated Press Stocks closed modestly higher on Wall Street after a day of veering between gains and losses. The tentative trading came a day after the market’s worst drop in two years, which was set off by fears that higher interest rates could cause a recession. The S&P 500 added 0.3% Wednesday. The Dow

By The Associated Press Car buyers might not get the vehicle they want on time, commuter rail lines could see service disrupted, and shipments from everything from oil to livestock feed could be snarled. Those are just a few of the wide-ranging impacts a walkout by U.S. rail workers would have on the country’s industries

By WAYNE PARRY Associated Press ATLANTIC CITY, N.J. (AP) — A new surveys shows nearly one in five U.S. adults bet money on sports over the past year. The report from the Pew Research Center shows that 19% of adults surveyed said they bet on sports. The most common way they did so involved bets

The Associated Press Benchmark U.S. crude oil for October delivery rose $1.17 to $88.48 a barrel Wednesday. Brent crude for November delivery rose 93 cents to $94.10 a barrel. Wholesale gasoline for October delivery rose 4 cents to $2.52 a gallon. October heating oil fell 16 cents to $3.38 a gallon. October natural gas rose

By EVENS SANON Associated Press PORT-AU-PRINCE, Haiti (AP) — Haiti has announced steep increases in fuel prices despite fears the move would crush an already frail economy, push even more people to flee the country and unleash the sort of protests that have often paralyzed the capital. The price of a gallon of gasoline would

By JANET McCONNAUGHEY Associated Press NEW ORLEANS (AP) — The Biden administration has accepted nearly $190 million in bids from an offshore oil and gas lease sale that was held nearly a year ago but rejected by a federal judge. Wednesday’s action by the Bureau of Ocean Energy Management was required under the climate bill

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — California is suing Amazon, accusing the company of violating the state’s antitrust and unfair competition laws. The state says Amazon has stifled competition and engaged in practices that push sellers to maintain higher prices on products on other sites. In an 84-page lawsuit filed Wednesday

PRAGUE (AP) — The Czech government has unveiled a plan to help businesses cope with surging energy costs. Prime Minister Petr Fiala says the government is ready to use up to 30 billion Czech crowns ($1.2 billion) for the program, which mainly aims to assist larger firms with a high consumption of electricity or gas.

By JEFFREY COLLINS Associated Press COLUMBIA, S.C. (AP) — Carolina Panthers owner David Tepper’s real estate company wants to revoke a bankruptcy settlement it negotiated with the city and county where its abandoned practice facility was supposed to be built in South Carolina. GT Real Estate Holdings says Rock Hill and York County are making

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Members of one union have rejected a tentative deal with the largest U.S. freight railroads, while two ratified agreements and three other unions remained at the bargaining table just days ahead of a national strike deadline. A strike would intensify snarls in the nation’s supply

By DEE-ANN DURBIN AP Business Writer A high-profile labor organizer has resigned from Starbucks, saying the company forced her out because of her union leadership. Jaz Brisack helped lead the unionization of a store in downtown Buffalo, New York, late last year, kicking off a national movement. At least 238 U.S. Starbucks stores have voted

By TOM KRISHER AP Auto Writer DETROIT (AP) — When it came time to showcase its electric Chevrolet Equinox SUV to the public this year, General Motors decided against doing so at the big Detroit auto show, as it typically would have done in the past. Instead, it unveiled the Equinox six days earlier. GM’s

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The Biden administration will transfer $3.5 billion in frozen Afghan central bank funds to benefit the Afghan people as hunger grips every province there. In an announcement Wednesday, a year after the tumultuous U.S. withdrawal, the U.S. said the Taliban government will not have access to the

By BRUCE SCHREINER Associated Press Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy. The project will increase capacity by 50% at the Beam plant in Boston, Kentucky, while reducing greenhouse gas emissions