AP National Business

By HILLEL ITALIE AP National Writer NEW YORK (AP) — The Justice Department’s effort to block the merger of Penguin Random House and Simon & Schuster isn’t just a showcase for the Biden administration’s tougher approach to corporate consolidation, it’s a rare moment for the publishing industry itself to be placed in the dock. Through

By KAREEM CHEHAYEB, AYA BATRAWY and CARA ANNA Associated Press BEIRUT (AP) — A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. But it’s getting attention because of where it came from: Ukraine’s Black Sea port of Odesa. The Razoni, loaded with more than 26,000 tons of corn

UNITED NATIONS (AP) — The U.N. Food and Agriculture Agency’s global food price index dropped for a fourth straight month in July, but was still 13% higher than in July 2021. The agency reported Friday that July’s 8.6% decline was the steepest monthly drop in the value of the index since October 2008. The index

By KATIE TAM Associated Press HONG KONG (AP) — Chi Kee Sawmill & Timber is Hong Kong’s last operating sawmill. It has been processing wood in the city for 75 years. Soon the family-run factory might be forced to shut down as part of a development project. Today, woodworking factories like Chi Kee are considered

The Associated Press Stocks are closing mostly lower Friday after new data on the hot U.S. jobs market suggested the Fed won’t soon rein in its aggressive rate hikes. The S&P 500 and the Nasdaq fell, while the Dow Jones industrials notched a small gain. Employers unexpectedly accelerated their hiring last month and added hundreds

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Zillow, Monster Beverage fall; Yelp, Atlassian rise.

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stock indexes closed mostly lower Friday after a roller-coaster day following a blockbuster report on the U.S. jobs market that offered both good and bad news for Wall Street. The benchmark S&P 500 ended just 0.2% lower after recovering

By ADRIANA MORGA and CORA LEWIS The Associated Press New York (AP) — The U.S. economy added 528,000 jobs in July, meaning workers who want a new job can probably find one. When looking for a new role, experts advise you think about several factors. These include the state of the job market, salary and

NEW YORK (AP) — Thunderstorms on the East Coast are causing travel headaches for tens of thousands of airline passengers. Airlines canceled about 1,400 flights in the U.S. by Friday evening. The highest numbers of canceled flights were at the three major airports in the New York City area — JFK, LaGuardia and Newark —

By AMY BETH HANSON Associated Press HELENA, Mont. (AP) — A judge has rejected a federal agency’s plans for managing some public lands in the West, including a major coal mining area of Wyoming and Montana. U.S. District Court Judge Brian Morris says the Bureau of Land Management failed to comply with an earlier court

By ALAN FRAM Associated Press WASHINGTON (AP) — Democrats pared part of their proposed minimum tax on huge corporations and made other changes in their giant economic bill, Senate Majority Leader Chuck Schumer said Friday, as they drove toward delivering a campaign-season victory to President Joe Biden on his domestic agenda. In an unusual peek

By ELENA BECATOROS Associated Press ATHENS, Greece (AP) — The head of Greece’s intelligence service and the general secretary of the prime minister’s office have resigned amid a scandal involving the targeting of the head of an opposition party and a journalist with spyware. National Intelligence Service director Panagiotis Kontoleon and Grigoris Dimitriadis, general secretary

Associated Press Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he claimed held back necessary information and misled his team about the true size of its user base. The countersuit by the billionaire and Tesla CEO alleges that Twitter committed fraud, breach

By VLADIMIR ISACHENKOV and ZEYNEP BILGINSOY Associated Press MOSCOW (AP) — Turkish President Recep Tayyip Erdogan has visited Russia for talks with Russian President Vladimir Putin. They discussed a grain deal brokered by Turkey and the U.N., prospects for talks on ending hostilities in Ukraine, the situation in Syria and growing economic ties between Moscow

By KEN SWEET AP Business Writer NEW YORK (AP) — July’s jobs report was a stunner, in more ways than one. Despite raging inflation and anxiety about a possible recession, employers created 528,000 jobs last month, more than double market expectations. The job market has now recovered all the jobs lost to the pandemic recession

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn, easing fears of a recession and handing President Joe Biden some good news heading into the midterm elections. Unemployment dropped another notch, from 3.6% to 3.5%, matching the more

By MICHELLE CHAPMAN AP Business Writer Warner Bros. Discovery, which went public in April, missed Wall Street’s expectations in the second quarter as the media giant looks to work through the growing pains of its merger. The New York-based company lost $3.42 billion, or $1.50 per share, in the quarter. Its adjusted loss was 11