AP National Business

DILLON, Mont. (AP) — Fox News founder Rupert Murdoch has bought a large cattle ranch in southwest Montana from a subsidiary of Koch Industries. The Beaverhead Ranch is spread across more than 500 square miles of private and leased land west of Yellowstone National Park. It has about 7,000 cattle and is home to 15

LONDON (AP) — Virgin Atlantic has received 400 million pounds ($530 million) of new funding from its shareholders to help the airline ride out the coronavirus pandemic. In a statement Monday, it said its shareholders, Richard Branson’s Virgin Group and Atlanta-based Delta Air Lines, will provide the money in line with their stakes. Virgin Group

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell in afternoon trading on Wall Street Monday in a sluggish start to the week following the market’s best weekly gain since February. The S&P 500 index fell 0.6%, the Dow Jones Industrial Average fell 0.6% and the tech-heavy Nasdaq gave up 0.9% A

The Associated Press Stocks are opening modestly lower on Wall Street Monday as the market gets the week off to a slow start following its best weekly gain since February. The S&P 500 index fell 0.3% in the early going. The tech-heavy Nasdaq gave up 0.2% and the Dow Jones Industrial Average fell 0.4%. Energy

MILWAUKEE (AP) — Harley-Davidson will take its electric motorcycle division public through a blank-check company, valuing the enterprise that has been part of the Harley for 10 years at $1.77 billion. The news gave a jolt to long-suffering shares of Harley-Davidson, which are up 12% before the opening bell Monday. Under the agreement, the special

By HARRIET MORRIS and VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — A Japanese space tourist has rebuffed criticism from those who questioned his decision to pay a fortune for a trip to the International Space Station, saying the “amazing” experience was worth it. Speaking to The Associated Press in a live interview Monday from the

By TOM MURPHY AP Health Writer Pfizer is spending $6.7 billion to buy a drugmaker with no products on the market and a focus on developing treatments for inflammatory conditions like Chrohn’s disease. The pharmaceutical giant said Monday it will pay $100 in cash for each share of Arena Pharmaceuticals in a deal already approved

MADRID (AP) — More than 50 people have been evacuated from areas in northern Spain hit by record flooding following heavy rain and snowfall. Spanish authorities blamed the flooding for the deaths of at least two people since Friday. The regions of Navarra and Aragón remained under severe weather warnings. In Novillas, a village of

By JAMEY KEATEN Associated Press GENEVA (AP) — Geneva prosecutors have fined a Swiss bank for failing to alert money laundering authorities about millions in funds from Saudi Arabia that went to former Spanish King Juan Carlos and his ex-lover, but have dropped any charges against his associates in the case. The Geneva prosecutor’s office

MILAN (AP) — Milan menswear previews for fall/winter 2021-22 are returning to a mostly in-person format in January, with Zegna, Giorgio Armani, Fendi and Prada among the 22 brands staging live runway shows. The president of the Italian National Fashion Chamber said Monday that the success of the womenswear calendar in September, when there were

MILWAUKEE (AP) — Harley-Davidson will take its electric motorcycle division public through a blank-check company, valuing the enterprise that has been part of the Harley for 10 years at $1.77 billion. The news gave a jolt to long-suffering shares of Harley-Davidson, which are up 12% before the opening bell Monday. Under the agreement, the special

By KEN SWEET AP Business Writer NEW YORK (AP) — The head of the nation’s second-largest bank said consumers are spending “at a faster rate” than he’s ever seen but he remains concerned about how inflation and supply-chain issues will influence the economy going into the winter. In an interview this month with The Associated

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration is set to release a federal strategy to build 500,000 charging stations for electric vehicles across the country and ultimately transform the U.S. auto industry. The $1 trillion infrastructure law President Joe Biden signed last month authorizes the charging stations and sets aside $5

By LIZ WESTON of NerdWallet For people 50 and older, taking care of year-end financial tasks can help you make the most of your money. As 2021 draws to a close, begin your end-of-the-year financial to-do list with evaluating your retirement savings rate and considering making catch-up contributions to tax-advantaged accounts such as a 401(k)

BERLIN (AP) — The German government has approved 60 billion euros in funding to be used for combating climate change and modernizing the country. The new finance minister on Monday described the move as a “booster” for Europe’s biggest economy. The supplementary budget approved by the Cabinet entails putting the money into a government fund

LONDON (AP) — British antitrust regulators are opening an investigation into Microsoft’s $16 billion acquisition of speech recognition company Nuance. It’s the latest sign they’re tightening up scrutiny of big technology deals. The Competition and Markets Authority said Monday that it’s looking into the purchase because of concerns that it could result in a “substantial