AP National Business

By HALELUYA HADERO AP Business Writer NEW YORK (AP) — Amazon has begun mass layoffs in its corporate ranks, becoming the latest tech company to trim its workforce amid rising fears about the wider economic environment. On Tuesday, the company notified regional authorities in California that it would lay off about 260 workers at various

By ANDREW WELSH-HUGGINS Associated Press COLUMBUS, Ohio (AP) — A federal judge has handed down a 20-year prison sentence to a Chinese national convicted of trying to steal trade secrets from U.S. aviation and aerospace companies. Prosecutors allege that beginning in 2013, Yanjun Xu recruited experts who worked at aviation companies, including GE Aviation. They

By DAVID KLEPPER Associated Press A new Senate report is criticizing the FBI and the Department of Homeland Security for not doing enough to track domestic extremists. The report issued Wednesday by the Senate Homeland Security panel caps three years of hearings by the panel into the threat of domestic extremism. It recommends better coordination

WASHINGTON (AP) — Pilots of hot air balloons carrying paying passengers will need medical certificates, just like pilots of other kinds of commercial aircraft. That’s according to a final rule that the Federal Aviation Administration adopted Wednesday. The rule comes four years after Congress passed a law including the requirement for balloon pilots to get

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions of dollars. The House Financial Services Committee said Wednesday that it expects to

By MARCIA DUNN AP Aerospace Writer CAPE CANAVERAL, Fla. (AP) — A space capsule hurtled toward the moon Wednesday for the first time in 50 years, following a thunderous launch of NASA’s mightiest rocket in a dress rehearsal for astronaut flights. No one was on board this debut flight, just three test dummies. The capsule

WASHINGTON (AP) — The Energy Department on Wednesday awarded nearly $74 million from the bipartisan infrastructure law for 10 projects to advance recycling and reuse of batteries for electric vehicles and other purposes. The funding will go to academic and commercial applicants in seven states, including four in California. Other grant winners are in Nevada,

By MICHELLE CHAPMAN AP Business Writer NEW YORK (AP) — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk took the witness stand Wednesday in a Delaware court to defend himself in a shareholder

By PATRICK WHITTLE Associated Press PORTLAND, Maine (AP) — An international nonprofit organization that sets sustainability standards for commercial fishing management has suspended a certification it awarded Maine’s lobster industry over concerns about harm to whales. Representatives for the London-based Marine Stewardship Council said Wednesday that the suspension of the Gulf of Maine lobster fishery’s

By JOVANA GEC Associated Press BELGRADE, Serbia (AP) — Austria, Hungary and Serbia have held another top-level meeting dedicated to curbing migration, including by sending more than 100 police officers, vehicles equipped with night vision cameras and drones to the border with North Macedonia. Austria and Hungary also on Wednesday pledged to help Serbia organize

By FRANK JORDANS, SAMY MAGDY and SETH BORENSTEIN Associated Press SHARM EL-SHEIKH, Egypt (AP) — With an end-of-the-week deadline rushing at them faster than agreements are coming out of them, negotiators at the U.N. climate summit were in a difficult spot Wednesday. Talks in the Red Sea resort of Sharm el-Sheikh got off to a

By RANDALL CHASE AP Business Writer WILMINGTON, Del. (AP) — Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the

ORLANDO, Fla. (AP) — Walt Disney World has picked a developer to construct and operate an affordable housing development for which the entertainment company is donating 80 acres of land. Company officials said Wednesday that The Michaels Organization will build, own and operate the 1,300 unit development. Its goal is to ease the housing market

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell on Wall Street in afternoon trading Wednesday as investors reviewed a dismal financial report from Target and a broader update on the retail sector from the government. The S&P 500 fell 0.7% as of 2:41 p.m. Eastern, with technology companies, retailers and energy

By MIKE CORDER Associated Press THE HAGUE, Netherlands (AP) — Dutch judges are set to deliver their verdict in the trial of three Russians and a Ukrainian over their alleged roles in the 2014 downing of a Malaysia Airlines passenger jet over eastern Ukraine. The judgment expected Thursday comes more than eight years after the

By MICHELLE CHAPMAN AP Business Writer NEW YORK (AP) — Elon Musk says Twitter is a software and servers company at its heart and has asked employees to decide by Thursday evening if they want to remain a part of the business, according to an email sent by the company’s new owner to its remaining

By LEANNE ITALIE AP Entertainment Writer NEW YORK (AP) — Here’s the sitch, Scrabble stans. Your convos around the board are about to get more interesting with about 500 new words and variations added to the game’s official dictionary: stan, sitch, convo, zedonk, dox and fauxhawk among them. Out this month, the add-ons in the

By DEE-ANN DURBIN AP Business Writer Americans are bracing for a costly Thanksgiving this year, with double-digit percent increases in the price of turkey, potatoes, stuffing, canned pumpkin and other staples. Higher production costs are only part of the reason; disease, rough weather and the war in Ukraine are also contributors. Turkey supplies are at