AP National Business

FORT LAUDERDALE, Fla. (AP) — An Oklahoma man claiming to be a film financier has been sentenced in Florida to nearly 22 years in federal prison for participating in a scheme to steal more than $60 million from investors and producers seeking financing for movies and Broadway shows. Court records show Jason Van Eman was

MEXICO CITY (AP) — About 30,000 workers at Mexico’s largest fixed-line telephone and internet company have agreed to go back to work while the government mediates a dispute over wages, pensions and benefits. The Labor Department said Friday it would act as mediator. The department says the union and company have 20 working days to

The Associated Press Benchmark U.S. crude oil for September delivery fell $1.65 to $94.70 a barrel Friday. Brent crude for September delivery fell 66 cents to $103.20 a barrel. Wholesale gasoline for August delivery rose 7 cents to $3.22 a gallon. August heating oil fell 13 cents to $3.46 a gallon. August natural gas rose

VIENNA (AP) — Herbert Diess, the Volkswagen CEO whose image had been tarnished in the fallout from the German automaker’s emissions-cheating scandal, is stepping down. In a surprise announcement Friday, the company said Diess will depart Sept. 1 “by mutual consent” with the board. No reason was given. Porsche CEO Oliver Blume will succeed Diess.

By TOM KRISHER AP Auto Writer DETROIT (AP) — Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years. Now, Hyundai, the larger of the two affiliated Korean

WARSAW, Poland (AP) — Poland’s prime minister has sought to reassure the public that the country will have sufficient winter supplies of natural gas and coal. At a time of rising discontent with high inflation and shortages of coal for heating, Prime Minister Mateusz Morawiecki attributed the problems to Russia’s nearly five-month war in Ukraine.

MOSCOW (AP) — The Russian central bank diverged from its Western counterparts by slashing its key interest rate just a month after dropping it to where it was before the country sent troops into Ukraine. The bank on Friday lowered its key rate by 1.5 percentage points, to 8%, saying consumer prices are still easing

Associated Press Lululemon workers in Washington, D.C. are filing to hold a union election, joining workers at other major companies aiming to organize amid a wave of labor wins over the past year. The petition was filed this week by the Association of Concerted Educators. The company refers to its sales staff as educators. The

By KELVIN CHAN and MATT O’BRIEN AP Business Writers LONDON (AP) — Twitter is reporting a quarterly loss as revenue slipped even as user numbers climbed. The social media company’s latest quarterly earnings figures Friday offered a glimpse into how the social media business has performed during a months-long negotiation with billionaire Tesla CEO Elon

By KEN SWEET AP Business Writer NEW YORK (AP) — American Express’ profits fell 14% in the second quarter, the company said Friday, as higher expenses more than offset record spending on its network by its cardmembers. AmEx said it earned a profit of $1.96 billion, or $2.57 a share, down from a profit of

By KRISHAN FRANCIS and ELAINE KURTENBACH Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s new president has always aspired to the pinnacle of power, enduring setback after setback but managing to recover from seemingly impossible defeats. Ranil Wickremesinghe has moved quickly to consolidate his position after lawmakers elected him this week to finish the

By AYSE WIETING and SUZAN FRASER Associated Press ISTANBUL (AP) — Russia and Ukraine signed separate agreements Friday with Turkey and the United Nations clearing the way for the export of millions of tons of desperately needed Ukrainian grain — as well as some Russian grain and fertilizer — across the Black Sea. The long-sought

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s nuclear regulator has approved methods and facilities for the release of treated radioactive wastewater from the wrecked Fukushima nuclear power plant into the sea next year. Friday’s approval by the Nuclear Regulation Authority will enable Tokyo Electric Power Co. to start building necessary facilities ahead of

BARCELONA, Spain (AP) — Barcelona has sold a second package of its television rights to an American investment firm for an undisclosed amount as the Spanish club claws its way out of debt. Barcelona said Friday it had agreed to sell an additional 15% of income from TV rights from Spanish league games for 25

By GEIR MOULSON Associated Press BERLIN (AP) — The German government will take a roughly 30% stake in energy supplier Uniper as part of a rescue package prompted by surging prices for natural gas and reduced Russian deliveries. Uniper, which has been Germany’s biggest importer of Russian gas, asked for a bailout two weeks ago.

By KELVIN CHAN AP Business Writer FARNBOROUGH, England (AP) — Maverick’s next wingman could be a drone. In the movies, fighter pilots are depicted as highly trained military aviators with the skills and experience to defeat adversaries in thrilling aerial dogfights. New technologies, though, are set to redefine what it means to be a “Top

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks slipped Friday, giving back some of their gains from earlier in the week as worries brewed about the global economy and prospects for profits at big internet companies. The S&P 500 lost 0.9% to break a three-day rally that had carried Wall Street to

By KRISHAN FRANCIS, RAFIQ MAQBOOL and RISHI LEKHI Associated Press COLOMBO, Sri Lanka (AP) — Sri Lankan forces have violently cleared the main protest camp of demonstrators outraged by the country’s economic meltdown. That came as the newly elected and deeply unpopular president put army troops in the streets of the capital Friday to maintain

MEXICO CITY (AP) — The United States has filed its fifth labor complaint about alleged violations of union organizing rights in Mexico.  The complaint was filed under the U.S.-Mexico-Canada free trade pact, which requires that Mexico enforce a law that says employees are allowed to freely choose the union that represents them. For decades, undemocratic,

By KEN RITTER Associated Press LAS VEGAS (AP) — Limiting the size of new swimming pools in and around Las Vegas might save a drop in the proverbial bucket amid historic drought and climate change in the West. Officials are taking the plunge anyway, capping the size of new swimming pools at single-family residential homes

By The Associated Press A chronology of events in the disappearance of Jimmy Hoffa, former president of the Teamsters union: July 30, 1975 — Hoffa leaves his Lake Orion home about 1 p.m. and makes a stop to visit a friend in Pontiac. He arrives around 2 p.m. at the Machus Red Fox restaurant in

CHARLESTON, W.Va. (AP) — The U.S. Department of the Interior has issued guidance for nearly $725 million in funding available this fiscal year for the reclamation of abandoned coal mines and cleanup of acid mine drainage. The guidance provides information for the use of funding from President Joe Biden’s $1 trillion infrastructure package. It’s part