AP National Business

NEW DELHI (AP) — U.S. media giant Walt Disney and India’s Reliance Industries have won the broadcasting rights for the Indian Premier League for more than $6 billion, making the Twenty20 cricket competition one of the most lucrative sports leagues in the world in terms of cost per game. Indian cricket board secretary Jay Shah

BEIJING (AP) — China’s factory output rebounded in May, adding to a recovery from the latest economic slump induced by COVID-19 curbs. Government data show industrial production rose 0.7% over a year earlier, recovering from April’s 2.9% contraction. Consumer spending edged up compared with April but was lower than a year ago. Exercising the ruling

By MATTHEW BROWN and LINDSAY WHITEHURST Associated Press BILLINGS, Mont. (AP) — Floodwaters that rushed through Yellowstone National Park and surrounding communities earlier this week are moving through Montana’s largest city, flooding farms and ranches and forcing the shutdown of its water treatment plant. The water in the Yellowstone River hit its highest level in

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Railroad contract talks remain deadlocked after more than two years of negotiations, so President Joe Biden will likely soon have to appoint a board to help settle the dispute. The National Mediation Board determined Tuesday that mediation isn’t working in the joint talks that cover

By MATTHEW BROWN and LINDSAY WHITEHURST Associated Press RED LODGE, Mont. (AP) — Yellowstone National Park officials say more than 10,000 visitors have been ordered out of the nation’s oldest national park after unprecedented flooding tore through its northern half, washing out bridges and roads and sweeping an employee bunkhouse miles downstream. Remarkably, no one

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor has signed a measure suspending taxes on gasoline and diesel for 45 days amid the worldwide surge in petroleum prices.  The U.S. territory currently imposes a tax of 16 cents per gallon of gasoline and 4 cents per gallon of diesel. Gov. Pedro Pierluisi said Tuesday

By DAVID BAUDER AP Media Writer NEW YORK (AP) — ABC took home the crown as television’s top-rated network last week behind two games of the NBA Finals series between the Golden State Warriors and Boston Celtics. The network’s news division also won bragging rights for the most-watched coverage of last week’s prime-time hearing by

By JULIE WALKER and TED SHAFFREY Associated Press NEW YORK (AP) — UPS has unveiled a battery-powered, four-wheeled cycle to more efficiently haul cargo in some of the world’s most congested streets and to reduce its carbon footprint. The company unveiled the tiny delivery vehicles Tuesday in New York City. It said a trial run

By MICHAEL RUBINKAM Associated Press Gun-maker Sig Sauer is facing fresh accusations that its P320 pistol model is prone to going off without the trigger being pulled. A U.S. Army veteran says in a lawsuit filed Tuesday in Philadelphia that the defect has led to dozens of injuries over the past several years. Plaintiff George

The Associated Press Wall Street closed mostly lower on Tuesday, a day after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy. The S&P 500 slipped after another day of unsteady trading. Investors are bracing to see how big of an

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a

The Associated Press Benchmark U.S. crude oil for July delivery fell $2 to $118.93 a barrel Tuesday. Brent crude for August delivery fell $1.10 to $121.17 a barrel. Wholesale gasoline for July delivery fell 5 cents to $3.99 a gallon. July heating oil rose 11 cents to $4.39 a gallon. July natural gas fell $1.42

DEERFIELD, Ill. (AP) — Construction equipment manufacturer Caterpillar said Tuesday it is packing up its headquarters from its longtime home state of Illinois and moving to Texas. Caterpillar Inc. said that it’s transferring its global base to the Dallas suburb of Irving, from Deerfield, outside Chicago. The company had been based in Peoria, Illinois, for

SEATTLE (AP) — Redfin, the Seattle-based real estate brokerage, says it will lay off 8% of its employees as the housing market cools off. The Seattle Times reports CEO Glenn Kelman announced the layoffs Tuesday. He said demand in May was 17% below expectations and there’s not enough work for agents and support staff. The

By MATT OTT AP Business Writer WASHINGTON (AP) — Fisher-Price and U.S. product safety regulators are telling parents not to let their infants fall asleep in the company’s rockers after 13 infants died in the devices between 2009 and 2021. The deaths happened when the babies fell asleep in Fisher Price’s Infant-to-Toddler and Newborn-to-Toddler rockers.

SAN JOSE, Calif. (AP) — Airfares are rising as we head into summer, and that could be leading to a slight slowdown in ticket sales. Research firm Adobe Digital Insights said Tuesday that fares in May rose 6% over April, and 30% over May 2019. That’s the fourth straight month in which fares are above

By TOM KRISHER AP Auto Writer DETROIT (AP) — The government will soon release data on collisions involving vehicles with autonomous or partially automated driving systems that will likely single out Tesla for a disproportionately high number of such crashes. In coming days, the National Highway Traffic Safety Administration plans to issue figures it has

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year. Is the United States at risk of enduring another recession? For now, most economists don’t

By DARLENE SUPERVILLE and JOSH BOAK Associated Press PHILADELPHIA (AP) — President Joe Biden told the largest federation of labor unions on Tuesday that he’s working to rebuild the U.S. economy around workers, an attempt to draw a contrast with Republicans who have increasingly attracted blue-collar votes. “We should encourage unions,” Biden said. “I’m not

MOSCOW (AP) — Russia has banned dozens of British media and defense figures from entering the country. The Russian foreign ministry on Tuesday described the ban on 29 journalists and commentators as a response to what it alleged was the British media’s skewed portrayal of Moscow and its actions in Ukraine. The ministry claimed that

NEW YORK (AP) — Spirit Airlines, the target of a budget airline bidding war, said Tuesday that its board has been in talks with JetBlue about last week’s buyout offer while remaining engaged with Frontier Airlines, with which Spirit has already reached a merger agreement. Spirit said that its board expects to give shareholders an

By JOHN RABY Associated Press CHARLESTON, W.Va. (AP) — A program offering cash incentives for out-of-state workers to move to West Virginia has welcomed its second round of new residents. The public-private program says 33 newcomers were chosen for the Greenbrier Valley in the southeastern corner of the state. The program’s first phase last year

By MARÍA VERZA Associated Press MEXICO CITY (AP) — Mexico’s government wants citizens to produce more of their own food in a move toward self-sufficiency and lower prices in key products. The idea isn’t new, but the ravages of the pandemic, climate change and the market turmoil created by the war in Ukraine have given

By MICHAEL HILL Associated Press ALBANY, N.Y. (AP) — Happy the elephant may be intelligent and deserving of compassion, but she cannot be considered a person being illegally confined to the Bronx Zoo, New York’s top court ruled Tuesday. The 5-2 decision by the state Court of Appeals comes in a closely watched case that