New step to curb tech giants’ power advanced by Senate panel
By MARCY GORDON AP Business Writer WASHINGTON (AP) — Congress has taken a new step toward reining in the market dominance of Big Tech. Bipartisan…
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Western embassies reject Serbia PM’s protest allegations
By JOVANA GEC Associated Press BELGRADE, Serbia (AP) — The United States, the U.K. and Germany have rejected allegations that the three countries…
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Peloton may be toast
By Paul R. La Monica, CNN Business Peloton had a disastrous 2021. But as impossible as it may seem, the exercise equipment company is arguably off to…
Continue Reading Climate, COVID, China: Takeaways from online Davos event
GENEVA (AP) — Government and business leaders have urged global cooperation on climate change, the coronavirus pandemic and the economic recovery…
Continue Reading Chile’s incoming cabinet: Women, youth and a nod to markets
By EVA VERGARA Associated Press SANTIAGO, Chile (AP) — Chile’s  leftist President-elect Gabriel Boric has announced his first cabinet, giving a…
Continue Reading GM renovating NY factory so it can make electric motor parts
LOCKPORT, N.Y. (AP) — General Motors says it will spend about $154 million to revamp an old factory near Buffalo, New York, so it can make a key…
Continue Reading Vatican appeals court upholds convictions of ex-bank chiefs
ROME (AP) — A Vatican appeals court has upheld the convictions of two former managers of the Vatican bank. The court originally convicted Paolo…
Continue Reading Los Angeles weighs phasing out oil and gas drilling
BY DREW COSTLEY AP Science Writer Los Angeles, the second most populous U.S. city, is weighing whether to ban new oil and gas drilling and phase out…
Continue Reading Total and Chevron are pulling out of Myanmar
By Joseph Ataman and Matt Egan, CNN TotalEnergies and Chevron are withdrawing from Myanmar because of the deteriorating situation in the country…
Continue Reading Mars gives M&M’s a makeover to promote inclusivity
By MICHELLE CHAPMAN and ANNE D’INNOCENZIO AP Business Writers Candy maker Mars is giving a makeover to its six M&M’s characters as a way…
Continue Reading Think your home value is soaring? Talk to a farmer
By SCOTT McFETRIDGE Associated Press DES MOINES, Iowa (AP) — For all the talk about rising U.S. home values in cities and suburbs, they have…
Continue Reading Russia hits all-time high of new infections, blames omicron
By DASHA LITVINOVA Associated Press MOSCOW (AP) — Daily new coronavirus infections in Russia have reached an all-time high and authorities are…
Continue Reading Airbus revokes Qatar Airways A321 jet order amid dispute
By AYA BATRAWY Associated Press DUBAI, United Arab Emirates (AP) — Airbus says it has terminated a multibillion dollar order by Qatar Airways for…
Continue Reading Jamie Dimon gets a $3 million raise
By Chris Isidore, CNN Business Jamie Dimon got a $3 million raise in 2021, JPMorgan Chase disclosed in a filing late Thursday. The raise boosts the…
Continue Reading The pandemic boom is over. Just ask Peloton and Netflix
By Charles Riley, CNN Business When the coronavirus pandemic swept across the world in 2020, investors responded by pouring money into companies that…
Continue Reading Kohl’s, Peloton and Unilever have to watch their backs
CNN, CNNBUSINESS By Paul R. La Monica, CNN Business Forget about all the boardroom intrigue on “Succession” and “Billions.”…
Continue Reading Intel to build $20B Ohio chip facility amid global shortage
By JOHN SEEWER and ANDREW WELSH-HUGGINS Associated Press COLUMBUS, Ohio (AP) — Chipmaker Intel says it will invest $20 billion to build a factory…
Continue Reading As Big Tech stocks get slaughtered, Intel rises from the ashes
By Paul R. La Monica, CNN Business Intel was once the undisputed king of the semiconductor industry until the chip giant lost momentum to rivals…
Continue Reading China criticizes US missile sanctions as hypocrisy
BEIJING (AP) — China has criticized Washington for imposing sanctions on Chinese companies accused of exporting missile technology, and accused the…
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Serbia pulls plug on Rio Tinto’s $2.4 billion lithium project
By Reuters Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licenses over environmental concerns, hurting the…
Continue Reading Bitcoin tumbles as cryptocurrencies continue their downward slide
By Diksha Madhok, CNN Business Cryptocurrencies have had a dismal start to the year, and continue to plunge as major economies around the world look…
Continue Reading Chevron, Total to exit Myanmar over human rights abuses
By LORI HINNANT Associated Press PARIS (AP) — Total Energies and Chevron, two of the world’s largest energy companies, are planning to exit…
Continue Reading Fire erupts at Kuwait petroleum site, week after fatal blaze
DUBAI, United Arab Emirates (AP) — A fire broke out early in Kuwait at a petrochemical site, forcing a suspension of export operations. The Kuwait…
Continue Reading Italy’s next moral compass? Berlusconi, 85, eyes presidency
By FRANCES D’EMILIO Associated Press ROME (AP) — Italy is poised to elect a new president, a figure who is supposed to serve as the…
Continue Reading Stocks fall, have worst week since March 2020; Netflix tanks
By DAMIAN J. TROISE AP Business Writer Stocks fell again on Wall Street Friday, capping off the worst weekly drop for the S&P 500 since the start…
Continue Reading Evergrande’s international creditors threaten legal action over ‘opaque’ restructuring process
By Laura He, CNN Business Evergrande’s international creditors are losing patience. A group of the company’s overseas bondholders are…
Continue Reading Nevada geothermal power lawsuit bound for US appeals court
By SCOTT SONNER Associated Press RENO, Nev. (AP) — A federal appeals court will have to decide whether protecting historical tribal lands and a…
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El Paso’s Tortuga Sports Lounge closes its doors after 8 years
EL PASO, Texas – Local bar and restaurant Tortuga Sports Lounge closed its doors after eight years in business. The owner told ABC-7 that if…
Continue Reading Toyota production in Japan hit by parts crunch from COVID-19
By YURI KAGEYAMA AP Business Writer TOKYO (AP) — The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota,…
Continue Reading Yemeni rebels say Saudi-led airstrike on prison killed 70
By JON GAMBRELL and MAAD AL-ZIKRY Associated Press SANAA, Yemen (AP) — A Saudi-led coalition airstrike targeting a prison run by Yemen’s Houthi…
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