South Korea pardons Samsung’s Jay Y Lee in bid to revive the economy
By Yoonjung Seo and Gawon Bae, CNN Business The de facto leader of Samsung, Lee Jae-yong, was pardoned by South Korea’s president on Friday for…
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UK economy shrinks in 2nd quarter, sharpening recession fear
LONDON (AP) — The United Kingdom’s economy shrank in the three months to June. It’s a smaller-than-expected contraction but adds to…
Continue Reading German ex-leader Schroeder sues to restore official perks
BERLIN (AP) — Former German leader Gerhard Schroeder is suing to restore the perks he enjoyed as ex-chancellor after he was stripped of them by…
Continue Reading China’s Huawei says sales down but new ventures growing
By JOE McDONALD AP Business Writer BEIJING (AP) — Chinese tech giant Huawei says its revenue fell in the first half of 2022 but new ventures in…
Continue Reading Slow tallies in close Kenya presidential vote feed anxiety
By CARA ANNA Associated Press NAIROBI, Kenya (AP) — The head of Kenya’s electoral commission says vote-tallying in the country’s close…
Continue Reading Wall Street extends winning streak to 4th week
By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street capped a choppy week of trading with a broad stock market rally Friday, as the…
Continue Reading Dairy farm in Ukraine’s Donbas region struggles to survive
By JUSTIN SPIKE Associated Press DMYTRIVKA, Ukraine (AP) — One of the last working dairy farms on Ukrainian-controlled territory in the eastern…
Continue Reading European drought dries up rivers, kills fish, shrivels crops
By SYLVIE CORBET and NICOLAS GARRIGA Associated Press LUX, France (AP) — Once, a river ran through it. Now, white dust and thousands of dead fish…
Continue Reading In Biden’s big bill: Climate, health care, deficit reduction
By LISA MASCARO AP Congressional Correspondent WASHINGTON (AP) — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap…
Continue Reading California governor proposes extending nuclear plant’s life
By MICHAEL R. BLOOD Associated Press LOS ANGELES (AP) — California Gov. Gavin Newsom on Friday proposed extending the life of the state’s last…
Continue Reading South Korea to pardon Samsung’s Lee, other corporate giants
By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon Friday of his conviction for bribing…
Continue Reading Cops: Oregon crime ring moved $22M in catalytic converters
PORTLAND, Ore. (AP) — Police in suburban Portland, Oregon, said Thursday they arrested a crime ring leader responsible for trafficking more than…
Continue Reading New Zealand welcomes back first cruise ship since COVID hit
By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — New Zealand has welcomed the first cruise ship to return since the coronavirus…
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Man, teenager charged with string of west El Paso business burglaries
EL PASO, Texas — Two males in custody for an unrelated offense were matched to surveillance photo images related to a string of burglaries in west…
Continue Reading OSHA investigates deaths of Amazon workers in New Jersey
By HALELUYA HADERO AP Business Writer Federal work-safety investigators are looking into the death of an Amazon worker and an injury that potentially…
Continue Reading Rivian losses surge to $1.7 billion as production ramps up
By Matt McFarland, CNN Business Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle…
Continue Reading Explainer: Why gas prices are falling
By The Associated Press U.S. consumers are breathing a bit easier now that gasoline prices have come down from record levels, but pump prices are…
Continue Reading Clinton initiative’s NYC return includes Andres, Queen Rania
By GLENN GAMBOA AP Business Writer NEW YORK (AP) — World Central Kitchen founder Jose Andres, Jordan’s Queen Rania, BlackRock CEO Larry Fink and…
Continue Reading Shell and Chevron shut Gulf of Mexico oil platforms after small leak halts pipelines
by Matt Egan, CNN Shell and Chevron both said on Thursday that the companies halted oil production at several platforms in the Gulf of Mexico…
Continue Reading Home prices hit a new record high in the second quarter
By Anna Bahney, CNN Business Despite rising mortgage rates that dampened sales, home prices continued to climb higher in the second quarter, with…
Continue Reading FTC looking at rules to corral tech firms’ data collection
By MARCY GORDON AP Business Writer WASHINGTON (AP) — Whether it’s the fitness tracker on your wrist, the “smart” home appliances in your…
Continue Reading How major US stock indexes fared Thursday 8/11/2022
The Associated Press An afternoon pullback left stock indexes on Wall Street mixed Thursday, erasing most of their morning gains fueled by another…
Continue Reading Mexico raises key interest rate to 8.5%, highest in 16 years
MEXICO CITY (AP) — Mexico’s central bank has raised its interbank interest rate by 0.75% to 8.5% — the highest level in at least 16 years.…
Continue Reading Disney, Dillard’s rise; Six Flags, Sonos fall
Stocks that traded heavily or had substantial price changes Thursday: Walt Disney Co., up $5.34 to $117.77. The media and entertainment giant added…
Continue Reading Closing prices for crude oil, gold and other commodities
The Associated Press Benchmark U.S. crude oil for September delivery rose $2.41 to $94.34 a barrel Thursday. Brent crude for October delivery rose…
Continue Reading ExpressJet Airlines, formerly under United, files for bankruptcy
CNN, CNNBUSINESS By Jennifer Korn ExpressJet Airlines, which calls itself a “reboot” of the company formerly flying as Delta Connection…
Continue Reading United Airlines puts $10 million behind plan to shuttle customers by electric aircraft
By Jackie Wattles, CNN Business United Airlines gave a $10 million deposit to a startup developing electric aircraft — all for the goal of…
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NM State athletics hosting happy hour to celebrate new partnership with FARMesilla
LAS CRUCES, New Mexico — “Aggie Corner” will be unveiled Thursday at FARMesilla in Mesilla, NM from 4 to 7 p.m., which is being described as a…
Continue Reading Here’s why you still look terrible in virtual reality
CNN, CNNBUSINESS By Rachel Metz, CNN Business Mark Zuckerberg has bet his company’s future on an ambitious long-term vision of people carrying…
Continue Reading Meta testing expanded encryption features amid renewed scrutiny of messaging data
By Clare Duffy, CNN Business Meta on Thursday said it is testing expanded encryption features for Messenger and Instagram, days after the company…
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