AP National Business

By ABDOULIE JOHN Associated Press BANJUL, Gambia (AP) — Gambian lawmakers are calling for compensation for the families of 70 children who authorities believe may have died after taking a contaminated cough syrup imported from India. The special legislative session on Wednesday comes several weeks after the World Health Organization issued an alarm about four

CHICAGO (AP) — A once-powerful labor leader in Chicago has been sentenced to 19 months in federal prison for extorting $325,000 in cash payments from the head of a film studio in the city. John Coli Sr. was sentenced Wednesday in federal court. Coli pleaded guilty in 2019 to extorting the president of Cinespace Chicago

By MATTHEW DALY Associated Press WASHINGTON (AP) — Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program. The Biden administration is making the grants available as part

By KEN SWEET AP Business Writer NEW YORK (AP) — With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. The announcement comes after months of high inflation have eaten away at Americans’ savings and made

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stock indexes are mixed on Wall Street in afternoon trading Wednesday as investors weigh the latest batch of earnings reports, including weak results from several heavyweight technology companies. The S&P 500 was down 0.4% as of 2:24 p.m. Eastern, after shedding an early gain. The

BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday. Chakrapong “Anne” Chakrajutathib, who controls JKN Global Group Public Co. Ltd., is a celebrity in Thailand who has starred in reality shows and is outspoken about being a transgender woman. She helped

DETROIT (AP) — General Motors said Wednesday that it has secured all of the renewable energy it needs to power its U.S. facilities by 2025, well ahead of its earlier projections. The Detroit automaker, which initially targeted the year 2050 to achieve its all-renewables goal, said it secured sourcing agreements from 16 renewable energy plants

Associated Press Securities regulators wants to make sure publicly traded companies recover any executive compensation that’s awarded based on financial statements that are found to contain errors. The Securities and Exchange Commission said Wednesday that it has adopted a rule that calls on national securities exchanges to require the companies whose stock they list comply

By KEN SWEET AP Business Writer NEW YORK (AP) — With time running out before the election, President Joe Biden highlighted his administration’s push to crack down on so-called junk fees that banks and other companies charge their customers. The announcement comes after months of high inflation has eaten away at Americans’ savings and made

TORONTO (AP) — Analysts say a multi-billion-dollar merger between two of Canada’s largest telecommunication companies,could still be completed despite initial government rejection. Federal Industry Minister Francois-Philippe Champagne on Tuesday said he denied the original proposed $19.11 billion merger between Rogers Communications Inc. and Shaw Communications.. But he appeared to leave the door open if the

By JILL LAWLESS and DANICA KIRKA Associated Press LONDON (AP) — Rishi Sunak has faced the opposition in Parliament for the first time as Britain’s prime minister, promising to restore economic stability after his predecessor’s tax plans triggered market tumult. Sunak ripped up more of predecessor Liz Truss’ flagship policies on Wednesday, reinstating a moratorium

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose in afternoon trading on Wall Street Wednesday as solid earnings reports from a broad mix of industries outweighed weak results from several heavyweight technology companies. The S&P 500 rose 0.2% as of 12:47 p.m. Eastern after shaking an early decline. The Dow

BANGKOK (AP) — A Thai business tycoon and transgender activist has purchased the Miss Universe Organization for $20 million, her company announced Wednesday. Chakrapong “Anne” Chakrajutathib, who controls JKN Global Group Public Co. Ltd., is a celebrity in Thailand who has starred in reality shows and is outspoken about being a transgender woman. She helped

By SYLVIE CORBET and GEIR MOULSON The Associated Press PARIS (AP) — French President Emmanuel Macron and German Chancellor Olaf Scholz thrashed it out for three hours in Paris in hopes of bridging gaps between the two neighbors and key EU allies on energy, defense and the economy. Macron and Scholz had a working lunch

By The Associated Press Saudi energy company Aramco has unveiled a $1.5 billion fund for sustainable investments, part of efforts to burnish the state-owned company’s green credentials. Aramco CEO Amin Nasser said at an investment conference on Wednesday that the fund will focus on “breakthrough technologies that are important and startups that will help us

By MATTHEW DALY Associated Press WASHINGTON (AP) — Nearly 400 school districts spanning all 50 states and Washington, D.C., along with several tribes and U.S. territories, are receiving roughly $1 billion in grants to purchase about 2,500 “clean” school buses under a new federal program. The Biden administration is making the grants available as part

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks are off to a mixed start on Wall Street as big drops in several heavyweight technology stocks weighed on major indexes, offsetting gains elsewhere in the market. The S&P 500 was little changed of 10:40 a.m. Eastern after shaking off an early decline.

RENATA BRITO Associated Press BARCELONA, Spain (AP) — The German non-governmental organization Sea-Watch is accusing the Libyan coast guard of threatening to shoot down their monitoring plane that helps documented the interception of migrants in the Mediterranean Sea. Sea-Watch made the statement Wednesday, a day after the incident allegedly took place in the Maltese Search-and-Rescue

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Norfolk Southern hauled in 27% more third-quarter profit as the railroad increased shipping rates and reduced the number of delayed deliveries that shippers have been complaining about this year. The Atlanta-based railroad said it earned $958 million, or $4.10 per share, in the quarter. That