AP National Business

DENVER (AP) — In earlier versions of a story published February 13, 2023, The Associated Press erroneously reported that Congress passed a bill in 2011 giving car owners the right to repair their own vehicles. That bill did not pass, but automotive industry groups agreed to a memorandum of understanding in 2014 to provide independent

ATHENS, Greece — Danaos: Q4 Earnings Snapshot

WAKEFIELD, Mass. — Franklin Street: Q4 Earnings Snapshot

By JOHN SEEWER and PATRICK ORSAGOS Associated Press Plumes of smoke, questions about dead animals, worries about the drinking water. A train derailment in Ohio and subsequent burning of some of the hazardous chemicals has people asking: How worried should they be? It’s been more than a week since about 50 cars of a freight

TORONTO — First Quantum Minerals: Q4 Earnings Snapshot

By STAN CHOE AP Business Writer NEW YORK (AP) — Several sharp reversals for stocks left Wall Street mixed on Tuesday after a report showed inflation is continuing to slow, but perhaps not as quickly or as smoothly as hoped. The S&P 500 finished the day virtually where it started, edging down by less than

The Associated Press Stocks ended mixed on Wall Street following several sharp reversals after a report suggested inflation may not be slowing as quickly and as smoothly as hoped. The S&P 500 closed virtually unchanged Tuesday after swinging between losses and gains throughout the day. The Nasdaq composite rose and the Dow fell. The bond

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Walmart is closing three tech hubs and asking hundreds of employees to relocate to keep their jobs. The closures will affect staff working at locations in Austin, Texas; Carlsbad, California; and Portland, Oregon, Walmart spokesperson Mischa Dunton said Tuesday. Dunton declined to say how many

By CHRISTOPHER RUGABER and JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden has named Federal Reserve Vice Chair Lael Brainard as the new director of his National Economic Council. That makes the Ph.D. economist a key point person for coordinating policy, talking with business leaders and negotiating with Congress. Biden has also nominated

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Zoetis Inc., up $8.76 to $171.90. The animal health company reported encouraging fourth-quarter financial results. Wesco International Inc., up $12.56 to $165.74. The maker of electrical and industrial maintenance supplies and construction materials reported strong fourth-quarter earnings. Cadence Design Systems Inc.,

By ADAM BEAM Associated Press SACRAMENTO, Calif. (AP) — The winner of the largest U.S. lottery jackpot in history is a former student in the California public school system who wants to mostly stay out of the spotlight. California lottery officials on Tuesday said Edwin Castro won the record-breaking $2.04 billion Powerball prize in November.

BUENA PARK, Calif. (AP) — From queens to knights, actors at a Southern California medieval-themed dinner theater have left the castle. The Orange County Register reports Tuesday about 50 performers and stable hands have gone on strike at Medieval Times about 30 miles (48 kilometers) southeast of Los Angeles in Buena Park, California. The dinner

SACRAMENTO, Calif. (AP) — The winner of November’s record-high $2.04 billion Powerball jackpot will be identified in California on Tuesday, the state lottery announced. The name of the person will be released during an 11 a.m. press conference held by California Lottery Director Alva Johnson and Deputy Director Carolyn Becker in Sacramento. The winner won’t

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street is wavering Tuesday after a report suggested inflation may not be slowing as quickly and as smoothly as hoped. The S&P 500 was mostly unchanged in afternoon trading after falling as much as 1% earlier. Yields shot higher in the bond market as

By MATTHEW DALY Associated Press WASHINGTON (AP) — The Biden administration on Tuesday outlined how states and nonprofit groups can apply for $27 billion in funding from a “green bank” that will provide low-cost financing for projects that cut greenhouse gas emissions. The so-called Greenhouse Gas Reduction Fund, created by Congress in the landmark climate

By KELVIN CHAN AP Business Writer LONDON (AP) — Air India has unveiled orders for 470 Boeing and Airbus aircraft. India’s largest international airline is racing to tap surging demand for increasingly affordable air travel from the nation’s growing ranks of middle-class consumers. Air India is buying 220 Boeing aircraft valued at $34 billion. It

By ALANNA DURKIN RICHER Associated Press BOSTON (AP) — A Russian millionaire with ties to the Kremlin has been convicted of participating in an elaborate insider trading scheme using secret earnings information from companies such as Microsoft that was stolen from U.S. computer networks. Vladislav Klyushin was found guilty on all charges against him on

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Zoox, a self-driving vehicle company owned by Amazon, said it has successfully carried passengers on public roads – a development that helps the California company inch closer to bringing the vehicle to the general public. The company conducted the first run of its four-person “robotaxi”

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen is warning that the U.S. faces “economic catastrophe” if Congress and the White House don’t take action to raise the federal debt limit. Yellen made the remark Tuesday during an otherwise optimistic speech about the direction of the country. Yellen notified Congress last

Associated Press DETROIT (AP) — Nissan is recalling more than 463,000 older vehicles because the emblem on the steering wheel can come loose when the air bag is deployed and injure drivers. The recall mainly in North America covers certain Frontier small pickups, Titan large pickups and Xterra, Pathfinder and Armada SUVs from 2008 through