EXPLAINER: What’s up with the Bank of Japan’s unique track?
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Even as the Federal Reserve and the world’s other central banks raise interest rates to try to…
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Samsung officially names third-generation heir Lee chairman
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung Electronics has officially appointed third-generation heir Lee Jae-yong as…
Continue Reading US economy returned to growth last quarter, expanding 2.6%
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The U.S. economy grew at a 2.6% annual rate from July through September, snapping two…
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Samsung names billionaire scion Jay Y. Lee as chairman
By Michelle Toh and Gawon Bae, CNN Business Samsung has appointed Jay Y. Lee, its longtime de facto leader, as executive chairman. The move was…
Continue Reading UN optimistic on Ukraine grain deal; Russia has reservations
By EDITH M. LEDERER Associated Press UNITED NATIONS (AP) — A senior U.N. official says he is “relatively optimistic” the deal for returning…
Continue Reading CNN employees brace for layoffs after network chief warns of ‘unsettling’ changes ahead
By Oliver Darcy, CNN Business “Unsettling.” That’s the sort of news CNN staffers had delivered to their inboxes at 1pm ET on…
Continue Reading Ye kicked out of Skechers’ headquarters in California
MANHATTAN BEACH, Calif. (AP) — The rapper formerly known as Kanye West was escorted out of the California-based headquarters of athletic shoemaker…
Continue Reading Meta fined $24.7M for campaign finance disclosure violations
By GENE JOHNSON Associated Press SEATTLE (AP) — A Washington state judge on Wednesday fined Facebook parent company Meta nearly $25 million for…
Continue Reading Whispers of improvement may slow recession’s drumbeat
Alexandra Peers, CNN A roar of corporate earnings came out this week and last, and the information piling up from the backbone-of-American-buyers…
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New multipurpose performance center planned for construction in Sunland Park
SUNLAND PARK, New Mexico — A new multipurpose performance center is planned for construction right across the street from the Sunland Park Racetrack…
Continue Reading Ford takes $2.7 billion hit as it drops efforts to develop full self-driving cars
By Chris Isidore, Matt McFarland and Peter Valdes-Dapena, CNN Business Ford is essentially pulling the plug on an effort to develop its first full…
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Skechers executives escort Kanye West out of building, company says
(CNN) — Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled…
Continue Reading Skechers executives escort Kanye West out of building, company says
By Rob McLean, CNN Business Athletic shoe company Skechers said in a statement Wednesday that two of its executives escorted embattled musician Kanye…
Continue Reading Ford, VW pull plug on robotaxis in blow to self-driving car industry
By Matt McFarland, CNN Business Ford and Volkswagen, two of the world’s largest automakers, are shutting down their joint effort to develop…
Continue Reading Ford disbands Argo AI autonomous vehicle unit, posts loss
By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford is disbanding Argo AI, the autonomous vehicle company it co-owns with Volkswagen. The company…
Continue Reading Facebook parent Meta’s revenue, profit decline amid ad slump
By BARBARA ORTUTAY AP Technology Writer Facebook parent Meta has reported that its revenue declined for a second consecutive quarter. That is raising…
Continue Reading Meta’s stock falls 17% as its quarterly profit is cut in half
By Clare Duffy, CNN Business Meta on Wednesday posted the second quarterly revenue decline in its history since going public and warned that it is…
Continue Reading Microsoft, Spotify fall; Visa, Wingstop rise
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Microsoft, Spotify fall; Visa, Wingstop…
Continue Reading How major US stock indexes fared Wednesday 10/26/2022
The Associated Press Stock ended mixed on Wall Street as investors weighed the latest batch of earnings reports, including weak results from several…
Continue Reading DOJ codifies rule barring secret subpoenas of journalists’ records
By Jessica Schneider and Hannah Rabinowitz, CNN Attorney General Merrick Garland announced Wednesday that the Justice Department formally introduced…
Continue Reading Second railroad union rejects deal, adding to strike worries
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — A second railroad union rejected its deal with the major U.S. freight railroads on Wednesday,…
Continue Reading Gambian lawmakers urge compensation for children’s deaths
By ABDOULIE JOHN Associated Press BANJUL, Gambia (AP) — Gambian lawmakers are calling for compensation for the families of 70 children who…
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AP sources: Musk in control of Twitter, ousts top executives
By BARBARA ORTUTAY, TOM KRISHER and MATT O’BRIEN AP Business Writers Elon Musk has taken control of Twitter and ousted the CEO, chief financial…
Continue Reading Mobileye goes public, raising Intel $861 million
By Matt McFarland, CNN Business Intel spun out its driver-assist subsidiary Mobileye Wednesday and raised $861 million in the initial public…
Continue Reading TJ Maxx cuts Yeezy-branded merchandise amid Kanye West fallout
By Parija Kavilanz, CNN Business The list of companies cutting ties with artist and designer Ye following a series of antisemitic remarks continues…
Continue Reading Ex-Teamsters’ boss gets 19 months in Chicago extortion case
CHICAGO (AP) — A once-powerful labor leader in Chicago has been sentenced to 19 months in federal prison for extorting $325,000 in cash payments…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for December delivery rose $2.59 to $87.91 a barrel Wednesday. Brent crude for December delivery rose…
Continue Reading Elon Musk visiting Twitter headquarters this week ahead of expected deal closing
By Donie O’Sullivan and Clare Duffy, CNN Business Elon Musk plans to visit Twitter’s San Francisco office this week ahead of the expected…
Continue Reading Threat of rail strike rises as members of another union reject proposed labor deal
By Chris Isidore and Vanessa Yurkevich, CNN Business Rank and file members of another railroad union have rejected a tentative labor deal, a move…
Continue Reading New SEC rule requires executives to give back bonuses when accountants screw up
By Nicole Goodkind, CNN Business The Securities and Exchange Commission voted Wednesday to adopt a new rule that would require public companies to…
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