AP National Business

NEW YORK (AP) — U.S. News & World Report has unranked Columbia University from its 2022 edition of Best Colleges. The publisher said in a statement Thursday that the Ivy League institution failed to substantiate certain 2021 data it previously submitted, including student-faculty ratios and class size. The decision to rescind the school’s No. 2

By BARBARA ORTUTAY, TOM KRISHER and MATT O’BRIEN Associated Press Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts. Twitter immediately fired back, saying it would sue the Tesla CEO to uphold the deal.

MEXICO CITY (AP) — Moody’s Investors Service has downgraded Mexican government debt from Baa1 to Baa2, citing concerns about debt servicing costs and Mexico’s support for the state-owned oil company. Baa2 is still one step above the lowest investment-grade rating. Moody’s said in a statement Friday that “Mexico’s debt affordability remains consistently weaker than that

By BARBARA ORTUTAY, TOM KRISHER and MATT O’BRIEN Associated Press Elon Musk announced he will walk away from his tumultuous $44 billion offer to buy Twitter, leaving the deal on the verge of collapse. The Tesla CEO sent a letter to Twitter’s board Friday saying he is terminating the acquisition. But Twitter isn’t accepting Musk’s

By MICHAEL RUBINKAM Associated Press A state court has blocked Pennsylvania from participating in a regional carbon pricing program to combat climate change. Commonwealth Court ruled Friday in favor of coal-related interests that argue the administration of Gov. Tom Wolf is seeking to impose an unlawful tax. The court granted a preliminary injunction that prohibits

By BARBARA ORTUTAY AP Technology Writer Elon Musk’s tumultuous $44 billion bid to buy Twitter is on the verge of collapse — after the Tesla CEO sent a letter to Twitter’s board Friday saying he is terminating the acquisition. Twitter did not immediately respond to a message for comment. It is not entirely clear whether

By TOM KRISHER AP Auto Writer DETROIT (AP) — The U.S. government’s auto safety watchdog is sending investigators to another Tesla crash, this time one that killed two people along Interstate 75 in Florida. The National Highway Traffic Safety Administration confirmed Friday that it sent a Special Crash Investigations team to probe the Wednesday crash

The Associated Press Wall Street is closing out a winning week with a sputtering finish on Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market. The S&P 500 closed slightly lower after flipping between small gains and losses throughout the day. A surprisingly strong jobs report showed that employers are continuing

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Police have imposed a curfew in Sri Lanka’s capital a day before a planned protest demanding the resignations of the country’s president and prime minister over the economic crisis that has caused severe shortages of essential goods. Hours before the curfew announcement, police fired tear

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Levi, Costco rise; Nu Skin, WD-40 fall.

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Wall Street capped a winning week with a sputtering finish Friday, as stocks waffled following a stronger-than-expected report on the U.S. jobs market. The S&P 500 slipped 0.1% after earlier flipping between a loss of 0.9% and a gain

The Presbyterian Church (U.S.A.) has opted to pull investments from five energy corporations, joining other faith-based groups in targeting fossil-fuel companies over what they say are failures to address climate change. The denomination’s General Assembly, meeting online, voted overwhelmingly this week for a resolution targeting Chevron, ExxonMobil, Marathon Petroleum, Phillips 66, and Valero Energy for

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — Inflation is raging. The stock market is tumbling and interest rates rising. American consumers are depressed and angry. Economists warn of potentially dark times ahead. But employers? They just keep hiring. The Labor Department reported Friday that America’s dinged and dented economy managed to add a

By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Police have imposed a curfew in Sri Lanka’s capital a day before a planned protest demanding the resignations of the country’s president and prime minister over the economic crisis that has caused severe shortages of essential goods. Protest leaders announced that thousands of people will

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation’s job market. Yet the figures the government released Friday also spotlighted the sharp divide between the healthy

TORONTO (AP) — A widespread network outage left many Canadians without mobile and internet service for most of the day, disrupting police, business and court services as crowds flocked to work at coffee shops with Wi-Fi. Rogers Communications Inc. said it started restoring service late Friday and said its teams “are working hard to get

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks are swinging between small gains and losses as Wall Street works out what to make of surprisingly strong data on the U.S. jobs market released Friday. The S&P 500 was up less than 0.1% in afternoon trading after