AP National Business

DALLAS (AP) — The CEO of Southwest Airlines is seeing his compensation nearly double after getting promoted to the top job. A Southwest spokesman says CEO Robert Jordan would have gotten a bigger cash bonus if it weren’t for a December meltdown that caused nearly 17,000 flights to be canceled around the Christmas holiday. Southwest

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is drifting in quiet, mixed trading Thursday after several discouraging reports on the economy slowed stocks’ roll this week. The S&P 500 was 0.2% higher in its last trading for the week. The U.S. stock market will be shut tomorrow in observance of

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration has unveiled what it calls the largest community solar effort in U.S. history, enough to power 140,000 homes and businesses in three states. Vice President Kamala Harris announced the agreement Thursday during a visit to a solar panel factory outside Atlanta. The deal calls

ANCHORAGE, Alaska (AP) — Three Alaska Native tribes have sued to block what they say would be one of the largest gold mines in the world. They argue that federal agencies failed to properly analyze health and environmental concerns for the project in southwest Alaska. Tribes from the communities of Kwethluk, Tuluksak and Bethel filed

MOSCOW (AP) — The ruble has fallen against the U.S. dollar to the value it held just before Russia sent troops into Ukraine more than a year ago. The rate of 81.375 to the dollar at the end of Thursday’s trading continued a slow but steady decline that begin in mid-January. It reflects persisting concerns

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS is outlining how it plans to use an infusion of $80 billion for improved operations. The agency is pledging to invest in new technology, hire more customer service representatives and expand its ability to audit high-wealth taxpayers. The money comes from the Democrats’ landmark climate

By MARGARET STAFFORD Associated Press The South Dakota Supreme Court has ruled that documents from a child pornography investigation into billionaire banker T. Denny Sanford must be unsealed. Sanford was not charged after an investigation by the South Dakota attorney general’s office. He sought to stop the release of affidavits used to issue search warrants

By MATT O’BRIEN and JANIE HAR Associated Press SAN FRANCISCO (AP) — Details of how tech executive Bob Lee came to be fatally stabbed in downtown San Francisco early Tuesday were scarce as friends and family continued to mourn the man they called brilliant, kind and unlike others in the industry. San Francisco police found

By ALEX DANIELS of The Chronicle of Philanthropy Chronicle of Philanthropy The first comprehensive poll to measure public attitudes on foundations and nonprofits offers signs that charitable organizations are more trusted than other institutions, such as businesses, governments, and the news media. But it shows many warning signs for nonprofits, given how little Americans know

By ED WHITE Associated Press The former head of a Michigan medical marijuana licensing board has agreed to plead guilty to accepting $110,000 in bribes when he led the panel over a two-year period, authorities said Thursday. Rick Johnson acknowledged in a signed court filing that he acted “corruptly” when he accepted cash and other

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is edging higher Thursday but the S&P 500 remains in the red for the week, heading for its first losing week in the last four, following some discouraging reports on the economy. The S&P 500 was 0.3% higher in afternoon trading, and it’s

By MATT OTT AP Business Writer The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that has been mostly cold since the Federal Reserve began raising interest rates more than a year ago. Mortgage buyer Freddie Mac reported Thursday that

By ED WHITE Associated Press Federal authorities say the former head of a Michigan medical marijuana licensing board accepted $110,000 in bribes to influence his decisions. Rick Johnson has agreed to plead guilty, according to the U.S. attorney in western Michigan. Charges against Johnson and three other men were announced Thursday. Johnson was chairman of

By MATTHEW DALY Associated Press WASHINGTON (AP) — Vice President Kamala Harris is set to announce an agreement for what the Biden administration calls the largest community solar effort in U.S. history, enough to power 140,000 homes and businesses. Harris is visiting the Qcells solar panel factory outside Atlanta on Thursday. The South Korean company’s

By FATIMA HUSSEIN and JOSH BOAK Associated Press WASHINGTON (AP) — The International Monetary Fund chief warns the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally. Kristalina Georgieva said Thursday growth is expected to remain around 3% for the

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — The Food and Drug Administration is ordering an unproven drug intended to prevent premature births off the market. The decision announced Thursday follows years of delays by drugmaker Covis Pharma, which repeatedly asked the FDA for more time to study the drug. Makena is the only

By MATT OTT AP Business Writer The number of Americans seeking unemployment aid was higher over the past few months than the government had initially reported, reflecting a modest rise in layoffs as the economy has slowed in the face of higher interest rates. The Labor Department reported Thursday that the number of applications has

By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks on Wall Street are drifting lower Thursday, threatening to send the S&P 500 to its first losing week in the last four following some discouraging reports on the economy. The S&P 500 was 0.4% lower in early trading, and it’s on pace for a

BEIJING (AP) — Chinese leader Xi Jinping has called for peace talks over Ukraine after French President Emmanuel Macron appealed to him to “bring Russia to its senses.” But Xi gave no indication Beijing would use its leverage as Vladimir Putin’s diplomatic partner to press for a settlement. Xi gave no sign China has changed

By MARK PRATT Associated Press BOSTON (AP) — A Boston city councilor has proposed barring city liquor stores from selling the single-serve bottles that hold 100 milliliters or less of booze – both as a way to address alcohol abuse and excessive litter. Councilor Ricardo Arroyo says several other Massachusetts communities have banned the sale