AP National Business

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shares of Bed Bath & Beyond plunged after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a possible stock offering. The company said it has obtained more than $500 million of new financing and was reducing 20% of its

NEW YORK (AP) — Wall Street was pointing toward small gains before the opening bell on Wednesday as markets try to break a three-day selloff spurred by comments last week from Federal Reserve officials suggesting more interest rate increases were likely. Futures for the benchmark S&P 500 gained 0.4% and futures for the Dow industrials

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Shares of Bed Bath & Beyond plunged in premarket trading after the struggling home goods retailer announced a restructuring that includes store closures, layoffs and a stock offering. The company plans to close about 150 namesake stores but will keep its buybuy Baby chain. The

BERLIN (AP) — German prosecutors have raided the office of JPMorgan Chase & Co. in Frankfurt as part of a broader tax evasion investigation targeting numerous banks in Germany and beyond. Cologne prosecutors said Wednesday that dozens of investigators began searching the offices Tuesday of a Frankfurt-based financial institution and several auditing and tax firms.

By MARK PRATT Associated Press BOSTON (AP) — There is a silver lining to the drought affecting the northeastern U.S. that has frustrated farmers, dried up rivers and reservoirs, and brought water use restrictions and brush fires to the region. The arid conditions have benefited amusement parks, minor league baseball teams, construction contractors and other

BERLIN (AP) — Russia’s Gazprom has halted the flow of natural gas through a major pipeline from Russia to Europe, a stoppage that it announced in advance and has said will last three days. The Russian state-owned energy company announced the closure of Nord Stream 1 in mid-August, citing maintenance at a compressor station —

DETROIT (AP) — Ford is recalling more than 277,000 pickup trucks and cars in the U.S. because the rear view camera lens can get cloudy and reduce visibility for the driver. The recall covers certain F-250, 350 and 450 trucks as well as the Lincoln Continental, all from the 2017 through 2020 model years. The

By ALICIA LEÓN Associated Press BUNOL, Spain (AP) — People from around the world pasted each other with tomatoes Wednesday as Spain’s famous “Tomatina” street tomato fight took place once again Wednesday following a two-year suspension because of the coronavirus pandemic. Workers on trucks unloaded 130 tons of over-ripe tomatoes along the main street of

By MICHAEL CANTU Edmunds The 2023 Chevrolet Bolt EV received a huge discount for the new model year and is one of the most affordable new electric cars. But how does it compare to the Nissan Leaf, the original low-cost EV champ? Edmunds experts find out.

BERLIN (AP) — German lawyer Hans-Christian Stroebele has died at age 83. He defended members of the far-left Red Army Faction and later became the Green party’s first directly elected constituency lawmaker. His attorney said Wednesday that Stroebele died on Aug. 29 after a long illness. Stroebele first rose to prominence in 1970 as one

By KATE ASHFORD of NerdWallet Continuing to work past the traditional retirement age gives many the opportunity to add more money to their nest egg — and delay taking Social Security, which will bump up their eventual benefits check. In May, 21.9% of Americans ages 65 and older were working, compared with 19.5% in May

NICOSIA, Cyprus (AP) — Cyprus has lifted the obligatory use of face masks in all indoor areas after the island nation’s top health official said epidemiological data have “significantly improved” amid the coronavirus pandemic. The country’s health minister said Wednesday the mask rule still applies to hospitals, nursing homes, clinics, pharmacies and public transportation. All

PARIS (AP) — France’s Prime Minister Elisabeth Borne has warned that a worst-case scenario this winter could lead to rolling 2-hour power cuts in French homes, amid a broad energy crisis aggravated by the war in Ukraine. Borne’s comments come ahead of a special government meeting Wednesday focusing on energy and climate-related issues. Borne told

By KIRSTEN GRIESHABER and PATRICK QUINN Associated Press BERLIN (AP) — Mikhail Gorbachev, the last leader of the Soviet Union and for many the man who restored democracy to then-communist-ruled European nations, was saluted Wednesday as a rare leader who changed the world and for a time brought hope for peace among the superpowers. But

By DAVID A. LIEB Associated Press JEFFERSON CITY, Mo. (AP) — Stoked by the largest surplus in state history, Missouri’s Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it. Parson’s objection: He wanted a bigger, longer-lasting tax

By VLADIMIR ISACHENKOV Associated Press MOSCOW (AP) — Russian officials and lawmakers are treading carefully while reacting to Mikhail Gorbachev’s death. They are praising him for his role in ending the Cold War but deploring his failure to avert the Soviet Union’s collapse. The stance on Wednesday was reflected by state television broadcasts that paid

BERLIN (AP) — The Austrian government says it has granted a credit line of 2 billion euros (dollars) to financially distressed energy supplier Wien Energie. Austria’s largest regional energy supplier, which has 2 million customers and belongs to the city of Vienna, has run into massive financial problems due to the turbulence on the electricity

By PATRICK QUINN Associated Press BANGKOK (AP) — The passing of Mikhail Gorbachev, the last leader of the Soviet Union and for many the man who restored democracy to then-communist-ruled European nations, was mourned Wednesday as the loss of a rare leader who changed the world and for a time gave hope for peace among