Southwest returns to profitability
By Chris Isidore, CNN Business Southwest Airlines reported its first quarterly operating profit since the start of the pandemic. Still, when…
Continue ReadingBiz/Tech
McDonald’s ends 2021 strong, but rising costs ding profit
By DEE-ANN DURBIN AP Business Writer McDonald’s ended 2021 on a high note, with U.S. customers spending more and fewer restaurant closures in…
Continue Reading Southwest, profitable again in Q4, expects slow 2022 start
By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Thanks to strong passenger traffic over the winter holidays, Southwest Airlines is reporting a $68…
Continue Reading How to score points in the credit game
By BEV O’SHEA of NerdWallet Getting and maintaining good credit can feel like a long, hard journey. It’s not always easy to understand why…
Continue Reading Tata group regains control of debt-laden Air India
By ASHOK SHARMA Associated Press NEW DELHI (AP) — Tata Sons, India’s oldest and largest conglomerate, has regained ownership of the country’s…
Continue Reading Israel, Cyprus, Greece power cable link secures EU funding
By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — Cyprus’ energy minister says the European Union has earmarked 657 million euros…
Continue Reading Buttigieg pledges help as car fatalities keep spiking higher
By HOPE YEN Associated Press WASHINGTON (AP) — Transportation Secretary Pete Buttigieg is pledging to tackle a rising U.S. epidemic of car…
Continue Reading Renault, Nissan to invest $26B in future electric vehicles
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26…
Continue Reading Deutsche Bank sees biggest annual profit in a decade
By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Deutsche Bank says it reaped its best annual profit in 10 years last year.…
Continue Reading China spends billions on Olympics with longer-term goal
By GRAHAM DUNBAR AP Sports Writer GENEVA (AP) — The finance model for the Winter Olympics calls for the host country to spend several billion…
Continue Reading Australia’s Woodside Petroleum pulls out of Myanmar projects
By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Australia’s Woodside Petroleum says it is withdrawing from projects in strife-torn…
Continue Reading Abraaj founder fined staggering $135M by Dubai regulator
By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — A regulatory body in Dubai is seeking to fine the Pakistani-born founder of…
Continue Reading Apple is back on top in smartphone sales worldwide after a record win in China
By Michelle Toh, CNN Business Apple has once again become the top-selling smartphone brand in top market China, along with the rest of the world.…
Continue Reading 6 cancer patients sue utility over Fukushima radiation
By MARI YAMAGUCHI Associated Press TOKYO (AP) — Six people who were children living in Fukushima at the time of the 2011 nuclear disaster and have…
Continue Reading EU launches WTO action against China over Lithuania dispute
By RAF CASERT and LORNE COOK Associated Press BRUSSELS (AP) — The European Union says it’s launched action against China at world trade’s…
Continue Reading Asian stocks mixed after Wall Street sinks for third day
By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets are mixed as traders look ahead to data on U.S. employment costs that might…
Continue Reading Pizza Hut is selling its spiciest pizza ever
By Jordan Valinsky, CNN Business Pizza Hut is hopping on the spicy food trend. Beginning Thursday, it’s rolling out the “Spicy…
Continue Reading Global markets retreat after Fed signals rate hikes are coming soon
By Laura He, CNN Business Global stock markets dropped Thursday after the US Federal Reserve signaled it that will move quickly to hike interest…
Continue Reading Anxiety and anger grip press corps in Mexico after spate of murders
By Oliver Darcy, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free…
Continue Reading Japan’s Mitsubishi, energy body join Gates’ nuclear project
TOKYO (AP) — Mitsubishi Heavy Industries and the Japan Atomic Energy Agency have signed an agreement to participate in a next-generation nuclear…
Continue Reading Samsung reports robust profit based on chip strength
SEOUL, South Korea (AP) — Samsung Electronics Co. says its operating profit for the last quarter rose by more than 53% from the same period last…
Continue Reading Another Navy officer pleads guilty in wide-spanning scandal
SAN DIEGO (AP) — A U.S. Navy commander admitted in federal court in San Diego to sending a Malaysian defense contractor classified ship schedules…
Continue Reading England lifts COVID restrictions as omicron threat recedes
By SYLVIA HUI Associated Press LONDON (AP) — Most coronavirus restrictions, including mandatory face masks, have been lifted in England after…
Continue Reading Amazon faces possible union election at New York warehouse
By Sara Ashley O’Brien, CNN Business Workers at an Amazon warehouse in Staten Island have shown enough support to hold a union election, the…
Continue Reading
‘Sold by Amazon’ program ends following state investigation
SEATTLE (AP) — Amazon will end its “Sold by Amazon” program after an investigation by Washington state’s attorney general found it was…
Continue Reading New York AG: No basis for Trump’s lawsuit challenging probe
By MICHAEL R. SISAK Associated Press NEW YORK (AP) — New York’s attorney general wants to put a stop to former President Donald Trump’s…
Continue Reading Why Biden is keeping Trump’s China tariffs in place
By Katie Lobosco, CNN President Joe Biden reversed a number of the Trump administration’s policies during his first year in office — but…
Continue Reading
Moderna begins testing omicron-matched COVID shots in adults
CAMBRIDGE, Mass. (AP) — Moderna has begun testing an omicron-specific version of its COVID-19 vaccine in healthy adults. Moderna announced the…
Continue Reading Gates Foundation adds board members following Bill and Melinda’s divorce
By Jennifer Korn, CNN Business The Bill and Melinda Gates Foundation named four new members to its board of trustees on Wednesday, marking the first…
Continue Reading Official says Puerto Rico’s Senate targeted by cyberattack
SAN JUAN, Puerto Rico (AP) — Puerto Rico’s Senate says it was the target of a cyberattack that disabled its internet provider, phone system and…
Continue Reading