AP National Business

BERLIN (AP) — Germany’s government has agreed on a compromise to allow a Chinese shipping group to take a smaller stake in the operator of the country’s biggest container terminal. The Germany Ministry for Economic Affairs said German Chancellor Olaf Scholz’ Cabinet agreed on Wednesday to allow COSCO Shipping to only acquire a stake below

By SYLVIE CORBET The Associated Press PARIS (AP) — French President Emmanuel Macron is scheduled to meet in Paris with German Chancellor Olaf Scholz amid divergences between the two neighbors and key European Union allies over EU strategy, defense and economic policies. Macron and Scholz will have a working lunch at the Elysee presidential palace

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather and a monthslong scramble to fill gas storage ahead of winter and replace Russian supplies during the war in Ukraine. It’s a welcome respite after Russia slashed natural gas

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets followed Wall Street higher on Wednesday as hopes rose that the Federal Reserve might ease off plans for interest rate hikes and Britain installed its third prime minister this year. Shanghai, Tokyo, Hong Kong and Sydney gained. Oil prices declined. Wall Street’s benchmark

SAN FRANCISCO (AP) — California regulators proposed on Tuesday fining Pacific Gas & Electric more than $155 million for sparking a 2020 wildfire in Northern California that destroyed 200 homes and left four people dead. PG&E already faces criminal charges in the Zogg fire, which state fire officials said began when a pine tree in

OAKLAND, Calif. (AP) — If you’re thinking of wiping down your kitchen with that bottle of Pine-Sol all-purpose cleaner under your sink — stop. It may contain bacteria that could cause serious illness in people with compromised immune systems. The Clorox Company said Tuesday it has recalled its scented multi-surface cleaners and all-purpose cleaners. The

By KEN SWEET AP Business Writer NEW YORK (AP) — Visa Inc. said its fiscal fourth quarter profits rose by an adjusted 16% from a year earlier, helped once again by higher usage of its global namesake payment network. The San Francisco-based company said it earned a profit of $3.94 billion, or $1.86 a share.

The Associated Press Stocks closed higher on Wall Street, marking the third straight gain for the S&P 500. The benchmark hadn’t been able to string together more than two gains in a row since mid-September. The gains Tuesday came as the flow of company earnings reports stepped up. The S&P 500 climbed 1.6%. The Dow

By MATT O’BRIEN AP Technology Writer Microsoft has reported a 14% drop in profit for the July-September quarter compared to the same time last year, reflecting a weak market for personal computers affecting its Windows business. The company’s quarterly net income still slightly beat Wall Street expectations despite undershooting last year’s results. The Redmond, Washington-based

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: General Motors Co., up $1.29 to $37.01. The automaker beat analysts’ third-quarter earnings forecasts and said it is seeing improved supplies of computer chips. Weber Inc., up $1.53 to $6.56. BDT Capital Partners is interested in buying the rest of the

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Wall Street notched more gains Tuesday, as major stock indexes rallied for the third day and Treasury yields fell again. The S&P 500 rose 1.6%, with roughly 90% of stocks in the index notching gains. The benchmark index hadn’t been able to string together more

MEXICO CITY (AP) — Regulators in Mexico have slapped fines totaling about $60 million on most of the country’s largest passenger bus lines, saying they colluded among themselves for 20 years to keep fares artificially high. The country’s anti-monopoly commission said Tuesday that the price-fixing may have cost passengers about $170 million in excess ticket

By RUSS BYNUM Associated Press ELLABELL, Ga. (AP) — A robotic dog delivered a champagne toast and Georgia’s governor and junior U.S. senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Tuesday on its first U.S. plant dedicated to making electric vehicles. Just five months after Hyundai announced

MADRID (AP) — Zara owner Inditex has reached an agreement to sell its Russian business to a Lebanese retail and real estate conglomerate. The buyer is Daher Group and the potential purchase is pending approval from Russian authorities, Inditex has said without disclosing financial details. Inditex halted its business in Russia shortly after Russian President

DAYTON, Ohio (AP) — A company that publishes three newspapers in Ohio has named a media industry veteran as its new publisher. Suzanne Klopfenstein will formally assume her new role with Cox First Media on Jan. 1, when current publisher Jana Collier retires. But the company said the Springfield, Ohio native will begin working now