AP National Business

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. Musk spent roughly three more

The Associated Press Stocks ended mixed on Wall Street after drifting between gains and losses as more big U.S. companies delivered their earnings reports for the last three months of 2022. Some of them came up short of what investors were expecting, leading to drops in their stock prices. Post-it maker 3M sank after its

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Johnson & Johnson, unchanged at $168.31. The healthcare giant reported mixed financial results for the fourth-quarter. 3M Co., down $7.62 to $115. The maker of Post-it notes, industrial coatings and ceramics reported weak fourth-quarter earnings and announced job cuts. Alphabet Inc.,

By TODD RICHMOND Associated Press MADISON, Wis. (AP) — The University of Wisconsin System has joined a number of universities across the country in banning the popular social media app TikTok on school devicies. UW System officials made the announcement Tuesday. A number of other universities have banned TikTok in recent weeks, including Auburn, Arkansas

MADISON, Wis. (AP) — University of Wisconsin System officials say they will prohibit the use of TikTok on system devices. System spokesman Mark Pitsch told The Associated Press about the move in emails on Tuesday.  Earlier this month, Gov. Tony Evers banned the use of TikTok on state phones and other devices, citing potential risks

ENFIELD, Conn. (AP) — The Lego Group has announced that it will move its North American headquarters from Connecticut to Boston by the end of 2026. Skip Kodak, president of the Lego Group in the Americas, said in a release that the move supports the Denmark-based global toymaker’s growth ambitions. He said Boston is ranked

By LISA MASCARO and SEUNG MIN KIM Associated Press WASHINGTON (AP) — President Joe Biden has hosted the Democratic congressional leaders at the White House. The Tuesday afternoon meeting came as Democrats are staring down a debt ceiling crisis and running up against a new House Republican majority eager for confrontation. Senate Majority Leader Chuck

By BOBBY CAINA CALVAN Associated Press NEW YORK (AP) — When the war on marijuana came sweeping through his New York City housing project decades ago, Roland Conner found himself going in and out of jail. It’s a time he’d rather not talk about. Now, at age 50, he has opened the state’s first legal

MADISON, Wis. (AP) — University of Wisconsin System officials say they will restrict the use of TikTok on system devices. System spokesman Mark Pitsch told The Associated Press about the move in an email on Tuesday. He did not explain whether the system was banning the use of the app or limiting its use to

By JULIE CARR SMYTH Associated Press CINCINNATI (AP) — A FirstEnergy Corp. executive says an arm of the utility was “bleeding cash” as it explored options for two aging nuclear plants eventually rescued by Ohio House legislation at the center of former Ohio House Speaker Larry Householder’s corruption trial. Federal prosecutors allege Householder championed the

By BARBARA ORTUTAY, ERIC TUCKER and FRANK BAJAK Associated Press WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government. The government alleged

By JOSH BOAK Associated Press WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen says in a letter to congressional leaders that she’s suspending the reinvestment of some federal bonds in a government workers’ savings plan. That would be an additional “extraordinary” measure to buy time for President Joe Biden and Congress to raise the nation’s

NEW YORK (AP) — Walmart said U.S. workers will get pay raises next month, increasing starting wages to between $14 and $19 an hour. Company President CEO John Furner told employees in a memo Tuesday that the pay raises will be reflected in their March 2 paychecks and will come through a combination of targeted

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — Elon Musk returned to the stand for a third day Tuesday in a class-action lawsuit brought by Tesla investors who allege he misled them with a tweet about a deal that never happened, testifying that his intent had been to let his shareholders know he

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street’s major stock indexes closed mixed Tuesday, as more big companies delivered their financial results for the last three months of 2022 amid lingering concerns about a potential recession. The S&P 500 slipped less than 0.1%, its second loss in three trading days. The

NEW YORK (AP) — Nurses who went on strike this month at two major New York City hospitals have ratified the contracts that were hammered out to end the walkout. Their union, called the New York State Nurses Association, said Tuesday that 98% of nurses at Mount Sinai Hospital and Montefiore Medical Center voted  in

By The Associated Press U.S. accident investigators are giving more details about what they think caused a Boeing plane to crash in Ethiopia in 2019. The U.S. National Transportation Safety Board said Tuesday that a sensor which gave false readings about the plane was damaged by striking a foreign object, most likely a bird. That

By CHRISTOPHER RUGABER and STAN CHOE AP Business Writers WASHINGTON (AP) — Sooner or later, either Wall Street or the Federal Reserve has to blink. Nearly a year into the Fed’s drive to quash inflation by hiking interest rates at a blistering pace, investors still don’t seem to fully believe what the Fed warns is

By DEE-ANN DURBIN AP Business Writer Senators grilled Ticketmaster Tuesday, questioning whether the company’s dominance in the ticketing industry led to its spectacular breakdown last year during a sale of Taylor Swift concert tickets. Republicans and Democrats on the Senate Judiciary Committee also debated possible action, including making tickets non-transferable to cut down on scalping