AP National Business

COPENHAGEN, Denmark (AP) — A Swedish prosecutor wants “a supplementary crime scene investigation” at the site of explosions that damaged two natural gas pipelines in the Baltic Sea. Prosecutor Mats Ljungqvist said Friday a preliminary probe concluded the cause was “suspected gross sabotage.” Ljungqvist said he understood the intense interest in determining what happened to

TOULOUSE, France (AP) — Airbus has reported that earnings grew in the third quarter and revenue is up through the first nine months of 2022 as it benefited from a strong U.S. dollar despite supply chain issues. The France-based company said Friday that delivered 437 commercial aircraft so far this year and is maintaining its

By GEIR MOULSON Associated Press BERLIN (AP) — The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending. But the immediate outlook for Europe’s biggest economy remained gloomy, with inflation rising again in October. The Federal Statistical Office said Friday that gross domestic product in Europe’s biggest economy

BRUSSELS (AP) — European Union lawmakers and member countries have reached a deal to ban the sale of new gasoline and diesel cars and vans by 2035. The deal EU negotiators sealed Thursday night is the first agreement of the bloc’s “Fit for 55” package, which the bloc’s executive commission set up to achieve the

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Technology stocks led a broad rally on Wall Street Friday, capping another strong week for the market, as investors welcomed solid profits from Apple and other companies. The S&P 500 rose 2.5% and posted its first back-to-back weekly gains since August. The Dow

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s Cabinet has approved a hefty economic package including 29 trillion yen ($200 billion) in government spending to counter the blow from inflation, signaling that the greater concern of its policymakers is that the economy will stall, not overheat. While central banks around the world are raising

MORGAN LEE Associated Press SANTA FE, N.M. (AP) — A sheriff’s department submitted on Thursday its investigative findings to prosecutors in the death of a cinematographer shot and killed by Alec Baldwin on a film set in New Mexico in October 2021. Santa Fe Sheriff’s Office spokesman Juan Ríos said that two binders of information

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Businesses are increasingly worried about the renewed threat of a railroad strike after two unions rejected their deals, and they want the Biden administration and Congress to be ready to intervene. A coalition of 322 business groups from a variety of industries signed off on

FARMERSVILLE, Texas (AP) — A valve leak and a spark of unknown origin combined to cause a North Texas natural gas pipeline explosion last year that killed two workers and injured two others, federal investigators said. A report by the National Transportation Safety Board followed the agency’s investigation of the June 28, 2021, explosion near

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon has reported that it returned to profitability after two consecutive quarters of losses this year. But its stock tumbled due to weaker-than-expected revenue as well as the company’s disappointing projections for the current quarter. Amazon reported revenue of $127.1 billion, less than the $127.4

The Associated Press Stocks ended mixed on Wall Street as weakness in several tech companies offset gains in other parts of the market. Facebook’s parent company, Meta Platforms, lost another one-fourth of its value after reporting a second straight quarter of revenue decline amid falling advertising sales and stiff competition from TikTok. That followed weak

By MATTHEW DALY Associated Press WASHINGTON (AP) — President Joe Biden has signed an international agreement that compels the United States and other countries to limit use of hydrofluorocarbons, highly potent greenhouse gases commonly used in refrigeration and air conditioning that are far more powerful than carbon dioxide. The Senate ratified the so-called Kigali Amendment

By The Associated Press On Oct. 4, Elon Musk reversed himself and offered to honor his original proposal to buy Twitter for $44 billion — a deal he had spent the previous several months trying to wriggle out of. He made the latest offer just two weeks before a Twitter lawsuit aimed at forcing Musk

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Caterpillar Inc., up $15.18 to $212.14. The construction equipment company handily beat analysts’ third-quarter profit forecasts. Meta Platforms Inc., down $31.88 to $97.94. Facebook’s parent reported weak third-quarter profits as social media companies deal with a broad drop in advertising spending.

The Associated Press Benchmark U.S. crude oil for December delivery rose $1.17 to $89.08 a barrel Thursday. Brent crude for December delivery rose $1.27 to $96.96 a barrel. Wholesale gasoline for November delivery rose 11 cents to $3.01 a gallon. November heating oil rose 21 cents to $4.33 a gallon. November natural gas fell 42

TALLINN, Estonia (AP) — A court in Belarus has sentenced another independent journalist to three years in prison. It’s the second prison sentence handed to a journalist in the county this week in a sweeping, years-long crackdown on independent media. According to the Belarusian Association of Journalists, Aliaksandr Liubianchuk was convicted on the charges of

SOFIA, Bulgaria (AP) — Bulgaria’s caretaker government has approved the purchase of a second batch of eight new F-16 fighter jets needed to bring its air force in line with NATO standards. The decision still needs parliamentary approval. But the Bulgarian government said Thursday that the Cabinet authorized the country’s defense minister to sign the

CLAYTON, Mo. (AP) — A Missouri jury has convicted a father and son for attacking a Pokemon Go rival in a dispute that ended with all three men in a lake. he St. Louis County jury on Wednesday convicted 75-year-old Robert Matteuzzi and 33-year-old Angelo Matteuzzi of third-degree assault in the June 2018 attack. Jurors

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — The National Labor Relations Board has filed a complaint accusing Amazon CEO Andy Jassy of violating labor law during media interviews this year where he said workers are better off without a union. The complaint, dated Tuesday, focuses on interviews Jassy conducted with CNBC and

By MIKE SCHNEIDER Associated Press It has been a month since Hurricane Ian ravaged southwest Florida. Now multimillion-dollar cleanup contracts are generating tempests in the Category 4 storm’s wake. Contractors who clean up debris and perform other services already are fighting over local government contracts that could be worth tens of millions in tax dollars.

By MEGAN JANETSKY Associated Press HAVANA (AP) — Hurricane Ian caused an island-wide blackout when it tore through western Cuba in late September. That left the government grappling with a deepening energy crisis and simmering discontent. It also once again thrust the Caribbean island into the middle of a tug-of-war between its seaside neighbor, the

By MATT OTT and ALEX VEIGA AP Business Writers WASHINGTON (AP) — Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday