Year: 2022

By MICHELLE CHAPMAN AP Business Writer ConAgra is cutting its outlook for the year with inflation outpacing the price hikes put into place by the major food producer. The cost of goods increased 10.1%. during the quarter and the Chicago company said it expects full-year gross inflation to be approximately 16% compared with its previous

By STAN CHOE AP Business Writer NEW YORK (AP) — Since inflation began bursting higher last year, big U.S. companies found a simple way to keep making record profits: Pass all those price increases along to their customers. But the formula may be showing signs of reaching its limit, which adds drama to this upcoming

By DÁNICA COTO Associated Press SAN JUAN, Puerto Rico (AP) — More than a million customers in Puerto Rico remain without electricity after a fire at a main power plant caused an island-wide blackout that forced the U.S. territory to cancel classes and shutter government offices in the biggest outage yet this year. Wednesday night’s

HELSINKI (AP) — Finland and Estonia say they are jointly planning to rent a floating liquefied natural gas, or LNG, terminal to ensure gas supply in the two countries in efforts to break energy dependence on neighboring Russia. Finnish Minister of Economic Affairs Mika Lintila and his Estonian counterpart Taavi Aas said in a statement

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Walmart workers who once unloaded trucks now have a chance to drive them. The nation’s largest retailer has launched a training program for employees who work in its distribution or fulfillment centers. They’ll get a chance to become certified Walmart truck drivers through a 12-week

By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels. Jobless claims fell by 5,000 to 166,000for the week ending April 2, the Labor Department reported Thursday. The previous week’s number was revised down a whopping 31,000 claims. First-time applications for

By GRANT PECK Associated Press BANGKOK (AP) — Gunmen in Myanmar’s largest city have shot a deputy governor of the central bank less than a week after tough currency controls were ordered in the military-ruled nation. There were conflicting accounts of whether Than Than Swe, appointed to her post after the military seized power last

SOFIA, Bulgaria (AP) — European Commission President Ursula von der Leyen says Brussels has given the green light to Bulgaria’s European Union-funded recovery and sustainability plan. The Balkan country is among the last EU members to get formal approval from Brussels for its plan under the bloc’s €800 billion post-pandemic rescue fund, due to months

By JOE McDONALD AP Business Writer BEIJING (AP) — Residents of Shanghai are struggling to get meat, rice and other food supplies under anti-coronavirus controls that confine most of its 25 million people to their homes. People in China’s business capital have grown frustrated over the government’s effort to contain a spreading outbreak, complaining that

By DAVID KLEPPER Associated Press A report from Facebook owner Meta finds a big jump this year in disinformation and propaganda linked to Russia’s invasion of Ukraine. The company, which also owns Instagram, says its review also has found an increase in domestic disinformation and propaganda in countries around the world, suggesting that the tactics

By The Associated Press The European Union is banning Russian coal imports. It’s a big step because it’s the first time the 27-member European Union has shown willingness to touch energy supplies from Russia. And it will cost Russia some 4 billion euros a year. But that pales in comparison to the money Russia gets