AP National Business

By DEE-ANN DURBIN AP Business Writer California poultry producer Foster Farms said Friday its grain inventories have been restored after the federal government ordered Union Pacific Railroad to step up its shipments. Late last month, the U.S. Surface Transportation Board told Union Pacific to make all efforts to meet scheduled grain deliveries to the privately

By DEE-ANN DURBIN AP Business Writer California poultry producer Foster Farms said Friday its grain inventories have been restored after the federal government ordered Union Pacific Railroad to step up its shipments. Late last month, the U.S. Surface Transportation Board told Union Pacific to make all efforts to meet scheduled grain deliveries to the privately

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — Airline executives are pushing Congress and the White House to step up funding for the Federal Aviation Administration after a technology failure briefly grounded flights around the country this week. Delta Air Lines CEO Ed Bastian said Friday that the FAA is doing the best it

By TIM REYNOLDS AP Basketball Writer MIAMI (AP) — The home of the Miami Heat has yet another name: Miami-Dade Arena. That will be the temporary moniker for the building where the NBA team plays its home games, while the search for a more permanent naming-rights partner commences. The Heat and Miami-Dade County announced the

By SCOTT SONNER Associated Press RENO, Nev. (AP) — The U.S. Department of Energy announced a conditional loan of $700 million Friday to an Australian mining company to pursue a lithium project still facing environmental hurdles in Nevada as the U.S. seeks domestic supplies for a key component in electric vehicle batteries. The move ups

NEW ORLEANS (AP) — A Louisiana nursing home owner is facing a new lawsuit over evacuating residents to a squalid warehouse to ride out Hurricane Ida in 2021. Federal authorities accuse Bob Dean Junior of misspending millions of dollars in violation of federal regulations. The latest complaint was filed Thursday in U.S. District Court in

By DEE-ANN DURBIN AP Business Writer Wendy’s said Friday it’s planning a restructuring, including possible corporate layoffs, in an effort to speed decision-making and invest more in new restaurant development. The news comes just a week after rival McDonald’s announced a similar corporate reorganization. Dublin, Ohio-based Wendy’s said Friday it expects its full-year revenue will

The Associated Press Stocks closed higher on Wall Street as earnings reporting season got underway and CEOs began to show how well or poorly they’re navigating high inflation and a slowing economy. The S&P 500 rose 0.4% Friday after erasing an earlier loss. The benchmark index closed out its best week in two months. The

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Delta Air Lines Inc., down $1.40 to $38.20. The airline gave investors a weak first-quarter earnings forecast. UnitedHealth Group Inc., down $6.10 to $489.57. The health insurer reported solid fourth-quarter financial results, but only reaffirmed its financial forecast for the year.

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks closed higher on Wall Street Friday to give the S&P 500 its best week in two months as earnings reporting season gets underway and CEOs begin to show how well or poorly they’re navigating high inflation and a slowing economy.

By MICHAEL LIEDTKE AP Technology Writer SAN FRANCISCO (AP) — A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the

By KEN SWEET AP Business Writer NEW YORK (AP) — The Securities and Exchange Commission went after two prominent companies in the crypto community on Thursday. The agency alleges that Genesis Global Capital and the crypto exchange Gemini were selling unregistered securities through a popular program that was supposed to give high interest payments on

SAN JUAN, Puerto Rico (AP) — Financial authorities in Jamaica are investigating allegations of fraud at Stocks & Securities Ltd., a private wealth management company based in the capital of Kingston. Local newspaper The Jamaica Gleaner reports that the company’s clients include Usain Bolt, one of the world’s greatest sprinters. Bolt’s manager is quoted as

By LIUDAS DAPKUS Associated Press VILNIUS, Lithuania (AP) — Officials say an explosion has occurred in a pipeline in central Lithuania carrying natural gas to the north of the country and neighboring Latvia but no supply disruptions or injuries were reported. Baltic media reported that Friday’s blast sent flames up to 50 meters (164 feet)

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress

By COLLEEN BARRY AP Fashion Writer MILAN (AP) — Gucci returns to the Milan menswear runway with the brand’s first collection since Alessandro Michele stepped down as creative director. The Gucci runway show heralding the new post-Michele era was an understated affair. It was very much like Michele’s low-key debut eight years ago heading an

By SCOTT SONNER Associated Press RENO, Nev. (AP) — The U.S. Department of Energy on Friday announced a conditional loan of $700 million to an Australian mining company to pursue a proposed lithium project in Nevada, as the U.S. seeks domestic supplies for a key component in electric vehicle batteries. The move ups the ante

By STAN CHOE and DAMIAN J. TROISE AP Business Writers NEW YORK (AP) — Stocks are holding relatively steady on Wall Street Friday, as earnings reporting season gets underway and CEOs begin to show how well or poorly they’re navigating high inflation and a slowing economy. The S&P 500 was 0.1% higher in afternoon trading

By TOM KRISHER AP Auto Writer DETROIT (AP) — With its sales slowing and its stock price tumbling, Tesla Inc. slashed prices dramatically Friday on several versions of its electric vehicles, making some of its models eligible for a new federal tax credit that could help spur buyer interest. The company dropped prices nearly 20%

By DAVID KOENIG AP Airlines Writer The holidays were very good to Delta Air Lines. The company said Friday that it earned $828 million in the fourth quarter and that consumers are still snapping up seats on planes in the new year. Delta is releasing financial results a day after American Airlines says it’s going