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The Associated Press CVS Health shares tumbled early Friday after the company said a big Medicare Advantage plan took a hit in government quality ratings about a week before a key enrollment window opens for the coverage. The health care giant said that its Aetna National PPO dropped from 4.5 stars to 3.5 in 2023
Continue Reading By JILL LAWLESS Associated Press LONDON (AP) — The British government has opened a new licensing round for North Sea oil and gas exploration, despite criticism from environmentalists and scientists who say the move undermines the fight against climate change. The North Sea Transition Authority said Friday that almost 900 areas of the North Sea
Continue Reading By JOE McDONALD AP Business Writers BEIJING (AP) — Global stock markets were mixed Friday ahead of U.S. employment data investors hope will show the economy is weakening and persuade the Federal Reserve to ease off plans for more interest rate hikes. London and Frankfurt opened higher. Tokyo and Hong Kong declined. Oil prices rose.
Continue Reading By TOM KRISHER and MATT O’BRIEN AP Business Writers If the squabbling ever stops over Elon Musk’s renewed bid to buy Twitter, experts say he still faces a huge obstacle to closing the $44 billion deal: Keeping his financing in place. Earlier this week Musk reversed course and said he’d go through with acquiring the
Continue Reading By JON GAMBRELL Associated Press DUBAI, United Arab Emirates (AP) — The U.S. Navy has held a joint drone drill with the United Kingdom in the Persian Gulf. The drill Friday tested the same unmanned surveillance ships that Iran twice has seized in recent months in the Middle East. The exercise comes as the U.S.
Continue Reading TOKYO (AP) — Japan’s Financial Services Agency has ordered brokerage SMBC Nikko Securities to suspend its block trading operations for three months as part of penalties in a market manipulation case. That follows the arrest of its vice president and several other employees for allegedly putting in massive buy orders to prop up stock prices
Continue Reading By LORNE COOK, KAREL JANICEK and SYLVIE CORBET Associated Press PRAGUE (AP) — European Union leaders are meeting in Prague to try to bridge significant differences over a natural gas price cap as winter approaches and Russia’s war on Ukraine fuels the energy crisis. It’s hoped that a price cap will contain a crisis that
Continue Reading HONG KONG (AP) — A superyacht connected to Russian tycoon Alexey Mordashov has anchored in Hong Kong as Western governments move to seize yachts connected to sanctioned Russian businessmen. The Nord, worth over $500 million, arrived in Hong Kong this week after sailing from Vladivostok, Russia. Mordashov is one of Russia’s richest billionaires and chairman
Continue Reading By REBECCA SANTANA and MICHAEL PHILLIS Associated Press NORTH PORT, Fla. (AP) — Christine Barrett was inside her family’s North Port home during Hurricane Ian when one of her children started yelling that water was coming up from the shower. Then it started coming in from outside the house. Eventually the family was forced to
Continue Reading By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — The piping-hot U.S. job market may be cooling off, if only slightly. But what business managers, policymakers, investors and economists want to know is this: How cool would be cool enough for the inflation fighters at the Federal Reserve to begin to ease their aggressive interest
Continue Reading By JOE McDONALD AP Business Writers BEIJING (AP) — Asian shares followed Wall Street lower Friday ahead of U.S. jobs data investors hope will persuade the Federal Reserve to ease off plans for more interest rate hikes. Tokyo and Hong Kong, the region’s biggest markets, retreated. Chinese markets were closed for a holiday. Oil prices
Continue Reading By MATT O’BRIEN and BARBARA ORTUTAY AP Technology Writers A judge has delayed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. Musk had asked to halt the upcoming Delaware court
Continue Reading By KATHLEEN FOODY and KIMBERLEE KRUESI Associated Press CHICAGO (AP) — Diverted ambulances, cancer treatment delayed and electronic health records offline are just some of ripple effects of an apparent cyberattack on a major nonprofit health system that disrupted operations throughout the U.S. While CommonSpirit Health confirmed it experienced an ”“IT security issue” earlier this
Continue Reading By MICHELLE CHAPMAN AP Business Writer Peloton is cutting hundreds of jobs in a corporate reorganization of its stalled business as the pandemic-related surge ebbs. The maker of high-end exercise equipment cut approximately 500 jobs, or about 12% of its workforce, Peloton said Thursday. Peloton Interactive Inc. said it’s completed the vast majority of a
Continue Reading NEW YORK (AP) — Twitter is asking a Delaware court to proceed with an upcoming trial against Elon Musk, saying the billionaire refuses to accept the “contractual obligations” of his April agreement to buy the social media company for $44 billion. Twitter attorneys sent a letter Thursday to the Delaware Chancery Court’s head judge, not
Continue Reading By LORNE COOK, KAREL JANICEK and SYLVIE CORBET Associated Press PRAGUE (AP) — The leaders of 44 European countries are hailing their united stand against Russia’s war on Ukraine as the conflict fuels an energy crisis and high inflation. The inaugural summit of the European Political Community involves the 27 European Union member countries, aspiring
Continue Reading The Associated Press Stocks closed lower again on Wall Street but still managed to hold on to sizable gains for the week. The S&P 500 fell 1% Thursday. The Dow Jones Industrial Average lost a bit more than 1% and the Nasdaq gave back 0.7%. Bond yields moved higher. Investors were reviewing the latest data
Continue Reading NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: Venator, JetBlue fall; Peloton, Marathon Oil rise.
Continue Reading By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers A choppy day of trading ended with stocks broadly lower on Wall Street Thursday, though indexes have managed to hold onto most of their sizeable gains from a big rally at the start of the week. The S&P 500 fell 1% after having been up
Continue Reading BERLIN (AP) — Munich Re, one of the world’s biggest insurance companies, says it will stop backing new oil and gas fields beginning next April. The company said it will also no longer invest in or insure new oil pipelines and power plants that weren’t already under construction by Dec. 31, 2022. The company said
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