AP National Business

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

By The Associated Press Software company Adobe is buying online design company Figma in an approximately $20 billion cash-and-stock deal. Figma, founded in 2012, allows those who design interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich developer ecosystem. The companies said that Figma’s web-based, multi-player capabilities will

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 MATT OTT AP Business Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell again last week to a four-month low even as the Federal Reserve continues its aggressive interest rate cuts to bring inflation under control. Applications for jobless aid for the week ending Sept. 10 fell by 5,000 to

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 HOPE YEN Associated Press WASHINGTON (AP) — A plan to dismantle a 1-mile-long depressed freeway that was built in Detroit by demolishing Black neighborhoods 60 years ago is a big winner of federal money. The $104.6 million for the Interstate 375 project is the first Biden administration grant being awarded to tear down a

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Union’s executive arm is proposing legislation to force manufacturers to ensure that devices connected to the internet meet cybersecurity standards. The aim is to make the 27-nation bloc less vulnerable to attacks. The EU says a ransomware attack takes place every 11 seconds. The global

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

LONDON (AP) — Shell CEO Ben van Beurden is stepping down at the end of 2022 after nine years in charge as oil and natural gas companies are under pressure to shift away from fossil fuels. Shell said Thursday that he will replaced by Wael Sawan, who is now director of integrated gas, renewables and

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 MIKE SCHNEIDER Associated Press During the first two years of the pandemic, the number of people working from home in the United States tripled, home values grew and the percentage of people who spent more than a third of their income on rent went up, according to survey results released Thursday by the U.S.

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

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) — 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 National Transportation Safety Board said Wednesday. Fourteen other homes were damaged as the fire burned about 30 acres (12 hectares) in

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

Associated Press MIAMI (AP) — A 20-year-old Tesla driver who died with a passenger in a fiery, high-speed crash on a residential South Florida street last year might have been upset after learning he had lost a scholarship, federal investigators said. The National Transportation Safety Board released new documents Tuesday saying the driver of the