AP National Business

By MICHAEL R. SISAK Associated Press NEW YORK (AP) — Donald Trump’s company was fined $1.6 million Friday for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets. A fine was the

By STAN CHOE AP Business Writer NEW YORK (AP) — Wall Street on Friday is giving back some of the gains from its strong start to the year, as earnings reporting season gets underway and CEOs show just how badly high inflation and a slowing economy are hurting them. The S&P 500 was 0.7% lower

DES MOINES, Iowa (AP) — Mega Millions players will have another chance Friday night to end months of losing and finally win a jackpot that has grown to $1.35 billion. Plenty of people have won smaller prizes in the lottery game, but no one has matched all six numbers and won the grand prize since

By TOM MURPHY AP Health Writer UnitedHealth Group beat fourth quarter forecasts by adding Medicare Advantage and Medicaid enrollment and delivering more care through its surging Optum Health business. The health care giant also saw earnings jump for its Optum Rx segment, which runs prescription drug coverage as one of the nation’s largest pharmacy benefit

By KEN SWEET AP Business Writer NEW YORK (AP) — Bank of America says its fourth-quarter profits rose slightly from a year ago, as higher credit costs and potentially bad loans more than offset a sharp rise in interest revenue. The Charlotte, North Carolina-based bank said Friday that it earned a profit of $7.13 billion,

KIRUNA, Sweden (AP) — The European Union wants to bolster its capacity to launch small satellites into space with a new launchpad in Arctic Sweden. EU officials and Sweden’s King Carl XVI Gustaf inaugurated the EU’s first orbital launch complex on Friday during a visit to Sweden of the European Commission. The new facility near

By KEN SWEET AP Business Writer NEW YORK (AP) — JPMorgan Chase says its fourth-quarter profits rose 6% from a year ago, as higher interest rates helped the bank make up for a slowdown in deal-making in its investment bank. The bank also set aside more than $2 billion to cover potential bad loans and

By SUZAN FRASER and JAN M. OLSEN Associated Press ANKARA, Turkey (AP) — Swedish Prime Minister Ulf Kristersson has denounced a protest by Kurds in central Stockholm where an effigy of Turkey’s president was hung from a lamppost as an act of “sabotage” against Sweden’s bid to join NATO. The protest outside City Hall on

By MATT OTT AP Business Writer Wells Fargo’s profit for the fourth quarter came in ahead of Wall Street’s targets, even as the bank had to dole out another $3.3 billion in fines and penalties to help resolve numerous scandals from recent years. Wells earned $2.9 billion, or 67 cents per share, in the the

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

UnitedHealth Group’s fourth-quarter adjusted profit beat Wall Street’s expectations as its Optum and UnitedHealthcare segments strengthened. The  largest U.S. health insurer earned $4.76 billion, or $5.03 per share, for the period ended Dec. 31. Earnings, adjusted for amortization costs, came to $5.34 per share. The results topped Wall Street expectations. Analysts surveyed by Zacks Investment

By MONIKA SCISLOWSKA Associated Press WARSAW, Poland (AP) — Poland’s lawmakers have voted to approve a new law on judicial accountability that the government hopes will meet European Union expectations and help unfreeze billions of euros in pandemic recovery funds for the country. Brussels suspended the aid for Poland because it says the government’s policies

BERLIN (AP) — Germany’s health minister says the country will soon drop a mask mandate on long-distance trains and buses. The measures were one of the country’s last remaining COVID-19 restrictions. The minister said on Friday that the mandate will be dropped on Feb. 2. Other European countries already have scrapped mask mandates on public

BOURNEMOUTH, England (AP) — The new American owner of Premier League team Bournemouth has acquired a minority share in French club Lorient as part of what he is calling a “multi-club ownership strategy.” The Black Knight Football and Entertainment consortium fronted by Bill Foley owns the Vegas Golden Knights in the NHL and bought Bournemouth

BRUSSELS (AP) — The European Union’s border and coast guard agency says that the number of attempts by migrants to enter Europe without authorization reached around 330,000 last year. Frontex says that’s the highest number since 2016. The agency’s estimates released Friday say that almost half of the attempts were made over land through the

LONDON (AP) — U.K. Prime Minister Rishi Sunak has pledged to work constructively with Scotland’s leader despite tensions over her administration’s wish for a new independence referendum. Sunak held private talks with Scottish First Minister Nicola Sturgeon during his first visit since taking power. He said Friday that he believes there is scope for cooperation

By GEIR MOULSON Associated Press BERLIN (AP) — Germany’s national statistics office says the country’s economy appears to have stagnated in the fourth quarter. It said Friday that Europe’s biggest economy managed full-year growth of 1.9%, a slowing somewhat from 2021 as the impact of Russia’s war in Ukraine weighed on its performance. Germany releases

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Shares advanced Friday in Europe and Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher. Germany’s DAX was flat at 15,063.33 while the CAC 40 in Paris gained 0.5% to 7,007.77. Britain’s FTSE 100 climbed 0.6% to 7,841.77. The futures