Out-of-service satellites must be removed within 5 years, FCC says
By Jackie Wattles, CNN Satellites that are no longer in service must get out of the sky far more quickly under a new rule adopted by US federal…
Continue ReadingBiz/Tech
EU takes Malta to court over passport-for-pay program
BRUSSELS (AP) — The European Commission is taking Malta to court over a golden passport program that allows wealthy people to buy European Union…
Continue Reading EXPLAINER: How will we know if the U.S. is in recession?
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The U.S. economy grew faster than expected in the July-September quarter, underscoring…
Continue Reading Pumpkin farms adapt to improve soil, lower emissions
By DEE-ANN DURBIN and TERESA CRAWFORD Associated Press Writers ATLANTA, Illinois (AP) — This Thanksgiving, your pumpkin pie might have a lower…
Continue Reading Bed Bath & Beyond is failing fast
By Nathaniel Meyersohn, CNN Business Bed Bath & Beyond is losing shoppers and money at a rapid clip, and the company will need to quickly…
Continue Reading Amazon raising hourly pay for warehouse and delivery workers
By Catherine Thorbecke, CNN Business Amazon on Wednesday said it is raising the average starting pay for its warehouse workers and delivery drivers…
Continue Reading Google rolls out tool for users to request excluding search results that contain private information
By Jennifer Korn, CNN Business Google on Wednesday said it has begun rolling out an option for users to request excluding search results featuring…
Continue Reading Buffett’s company buys nearly 6M more Occidental shares
By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s company picked up another $368 million worth of Occidental Petroleum…
Continue Reading US long-term mortgage rates up for 6th week; 30-year at 6.7%
WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before…
Continue Reading Albania secures 2 satellites to monitor territory from space
TIRANA, Albania (AP) — Albania has reached a three-year agreement with an American company for a dedicated satellite constellation to provide the…
Continue Reading Homeowners see slower equity gains as housing market cools
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Homeowner equity climbed to record highs in the first half of this year, though its rate of…
Continue Reading Lordstown Motors starts making electric trucks at Ohio plant
LORDSTOWN, Ohio (AP) — Commercial electric vehicle startup Lordstown Motors says it has slowly started production of its first model, the Endurance…
Continue Reading Google promises Greece 20K jobs with cloud expansion
By DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) — Google says it plans to expand its cloud services infrastructure to Greece, promising to…
Continue Reading US defeats Russia in a battle to control the future of the global internet
By Brian Fung, CNN The United States has soundly defeated Russia in an election to control a United Nations body responsible for shaping global…
Continue Reading Stocks end Wednesday slightly lower following huge two-day surge
CNN, CNN BUSINESS By Paul R. La Monica, CNN Business Maybe that October market rally has some legs after all? Stocks were mostly unchanged Wednesday,…
Continue Reading Dow plunges and is back in a bear market
By Paul R. La Monica, CNN Business The third quarter is about to end — and investors are wishing the past nine months good riddance. Stocks…
Continue Reading Mortgage rates surge, closing in on 7%
By Anna Bahney, CNN Business Mortgage rates surged for the sixth week in a row, moving closer to 7%. The 30-year fixed-rate mortgage averaged 6.70%…
Continue Reading Used cars have become unaffordable
By Chris Isidore, CNN Business High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.…
Continue Reading In one tiny German town, nobody worries about energy bills
By FRANK JORDANS Associated Press FELDHEIM, Germany (AP) — While most Europeans are watching their energy bills soar as the war in Ukraine drives…
Continue Reading NATO believes Baltic Sea gas pipeline leaks were sabotage
By JAN M. OLSEN Associated Press. COPENHAGEN, Denmark (AP) — NATO believes that damage to two natural gas pipelines in the Baltic Sea is the result…
Continue Reading Bed Bath & Beyond 2Q sales fall but meet Street’s view
By MICHELLE CHAPMAN AP Business Writer Bed Bath & Beyond’s sales declined 28% in its fiscal second quarter, but the performance managed to meet…
Continue Reading Spain agrees on temporary wealth tax, hikes for big earners
By CIARÁN GILES Associated Press MADRID (AP) — Spain’s Socialist-led coalition government says residents whose wealth exceeds 3 million euros…
Continue Reading Treasury moves forward with database on corporate ownership
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Tens of millions of small U.S. companies will soon be required to submit details on their…
Continue Reading Holiday sales creep has gotten out of hand
By Nathaniel Meyersohn, CNN Business You may not be anywhere close to ready for the holidays — but retail chains certainly are. Christmas trees are…
Continue Reading Latest jobless claims fall to 193,000, underscoring still-tight labor market
By Alicia Wallace, CNN Business The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers…
Continue Reading Russia’s nuclear trade with Europe flows despite Ukraine war
By SYLVIE CORBET The Associated Press PARIS (AP) — European Union nations are continuing to import and export nuclear fuel that is not under EU…
Continue Reading US economy drops at 0.6% annual rate from April through June
By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a…
Continue Reading Fewer people seek US unemployment aid amid solid hiring
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans filing for jobless benefits dropped last week, a sign that few…
Continue Reading Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession
By Alicia Wallace, CNN Business The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product…
Continue Reading Germany to spend billions to tackle high energy prices
BERLIN (AP) — Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices. Chancellor Olaf…
Continue Reading