Nestle reports higher sales even as it raises prices
VEVEY, Switzerland (AP) — Global food giant Nestle has reported higher sales in the first half of the year, even as it increased prices by 6.5% as…
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More homes for sale, but low-priced listings remain scarce
By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — The number of homes on the market has been rising, albeit from very low levels. Home listings…
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Last year’s backpack: Tapped out families are struggling to pay for back to school purchases
CNN, CNNBUSINESS By Parija Kavilanz, CNN Business Shopping for back-to-school essentials is becoming a real struggle for families whose household…
Continue Reading This region is suffering from some of the highest inflation in America. Here’s how locals are surviving
By Natasha Chen For 17 years, Ana Duran worked full time as a travel counselor. Late last year she lost that job, shortly before seeing the price of…
Continue Reading Altria’s $13B investment in Juul e-cigarettes vaporizes
By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Altria reports its nearly $13 billion investment in troubled vaping company Juul is worth 95%…
Continue Reading Watchdog head: Fines may not stop bad behavior by companies
By KEN SWEET AP Business Writer NEW YORK (AP) — The head of the nation’s financial watchdog is having second thoughts about using fines to deter…
Continue Reading Shell posts record earnings again as energy prices soar
LONDON (AP) — Shell posted record profits Thursday for a second straight quarter as the energy giant benefited from soaring prices of oil and…
Continue Reading Merck beats expectations, helped by Keytruda sales
By The Associated Press Merck is posting second-quarter sales that easily topped Wall Street expectations, boosted by sales growth of some of its key…
Continue Reading JetBlue announces a deal to buy Spirit Airlines. Fares could surge
By Chris Isidore, CNN Business JetBlue Airways on Thursday announced it would purchase Spirit Airlines, a combination that would create…
Continue Reading JetBlue is buying Spirit for $3.8 billion after bidding war
By DAVID KOENIG and MICHELLE CHAPMAN AP Business Writers JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase…
Continue Reading Asia’s richest woman lost more than half her fortune in China’s property crunch
By Laura He, CNN Business Yang Huiyan, Asia’s wealthiest woman, has seen her wealth fall to $11 billion from nearly $24 billion this year as…
Continue Reading Cars hit tires dumped on Dutch highway amid farmer protests
THE HAGUE, Netherlands (AP) — Police say cars crashed into tires and other garbage piled on a highway in the northern Netherlands by radical…
Continue Reading Stellantis earnings rise as electric vehicle sales expand
AMSTERDAM (AP) — Automaker Stellantis has reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50%…
Continue Reading Nissan’s profits plunge on COVID lockdown, chips crunch
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Japanese automaker Nissan says its profit in the last quarter plunged to less than half of what it…
Continue Reading US’s MCC to invest $237 million in Kosovo’s energy grid
PRISTINA, Kosovo (AP) — Kosovo has signed a $236.7 million agreement with a U.S. government agency to support its energy sector, promote…
Continue Reading Samsung fined $9.8M for misleading Australian phone ads
By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — An Australian judge has ordered Samsung to pay $9.8 million in penalties for misleading…
Continue Reading Samsung logs 12% profit increase in 2Q on strong chip demand
SEOUL, South Korea (AP) — Samsung Electronics Co. has reported its operating profit rose 12% in the April-June quarter thanks to strong demand for…
Continue Reading Asian shares mostly higher after rally on Wall Street
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mostly higher on Friday following a broad rally on Wall Street, but Hong…
Continue Reading Japan’s push for UNESCO to list divisive gold mine delayed
By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan’s push to obtain UNESCO World Heritage recognition for a former gold mine key to the…
Continue Reading Australia forecasts high inflation for another 2 years
By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — New forecasts by Australia’s government say runaway inflation will remain unacceptably…
Continue Reading Banks far from hitting Paris climate targets, groups warn
By ED DAVEY Associated Press A new report by says many of the world’s biggest banks are falling far short of aligning their practices with the…
Continue Reading Hidden Menace: Massive methane leaks speed up climate change
By MICHAEL BIESECKER and HELEN WIEFFERING Associated Press LENORAH, Texas (AP) — To the naked eye, the Mako Compressor Station outside the dusty…
Continue Reading Hidden Menace: Massive methane leaks speed up climate change
By MICHAEL BIESECKER and HELEN WIEFFERING Associated Press LENORAH, Texas (AP) — To the naked eye, the Mako Compressor Station outside the dusty…
Continue Reading Rejected by courts, retirees take last shot to save pensions
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — When General Motors went through the biggest industrial bankruptcy proceedings in history,…
Continue Reading Rejected by courts, retirees take last shot to save pensions
By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Dave Muffley thought he had it made when it came to a solid retirement. The Indiana man spent…
Continue Reading US not yet in recession and 4 other takeaways from the Fed
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday:…
Continue Reading What’s in, and out, of Democrats’ inflation-fighting package
By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — What started as a $4 trillion effort during President Joe Biden’s first…
Continue Reading Pipeline company to pay nearly $1M over California oil spill
HUNTINGTON BEACH, Calif. (AP) — The owner of an underwater oil pipeline that spilled some 25,000 gallons of crude into the ocean off Southern…
Continue Reading Best Buy cuts sales forecast as inflation tempers spending
By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Best Buy has cut its annual sales and profit forecast, citing surging inflation that…
Continue Reading Spirit and Frontier pull plug on deal, setting stage for JetBlue to buy Spirit
By Chris Isidore, CNN Business Spirit and Frontier airlines Wednesday finally pulled the plug on their proposed deal, which had been on life support…
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