AP National Business

By MARCY GORDON AP Business Writer WASHINGTON (AP) — Federal regulators have accused Harley-Davidson and Westinghouse of imposing illegal warranty terms on customers and ordered them to fix their warranties and ensure that their dealers compete fairly with independent repair-makers. The companies have imposed illegal warranty terms that voided customer warranties if they used anyone

By DASHA LITVINOVA and HARRIET MORRIS Associated Press TALLINN, Estonia (AP) — Estonian Prime Minister Kaja Kallas has told The Associated Press that the West shouldn’t underestimate Russia’s military capabilities in Ukraine and that President Vladimir Putin’s forces are in it for the long haul. She also said Wednesday that Europe should ensure that officials

NEW YORK (AP) — United Airlines will cut about 50 flights a day in Newark, New Jersey, to try to limit flight delays and cancellations there this summer. A United spokeswoman said Thursday that the flights being cut are all domestic, and no destinations are being dropped entirely. United says it has enough pilots to

LONDON (AP) — The European Medicines Agency says it is recommending the authorization of the coronavirus vaccine made by French pharmaceutical Valneva, making it the sixth shot to be given the green light in Europe. In a statement on Thursday, the EU drug regulator said it had cleared Valneva’s two-dose vaccine for use in people

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway bought more than $500 million worth of Occidental Petroleum shares over the past week as it continued to invest heavily in oil producers this year. Occidental shares gained more than 2% Thursday after Berkshire disclosed owning 16.3% of the company’s stock.

By ED WHITE Associated Press DETROIT (AP) — The state of Michigan has agreed to destroy more than 3 million dried blood spots taken from babies and kept in storage, a partial settlement in an ongoing lawsuit over consent and privacy in the digital age. At the state’s direction, hospitals have routinely pricked the heels

By MATTHEW PERRONE and TOM MURPHY Associated Press WASHINGTON (AP) — U.S. health regulators on Thursday ordered Juul to pull its electronic cigarettes from the market, the latest blow to the embattled company widely blamed for sparking a national surge in teen vaping. The action is part of a sweeping effort by the Food and

By ANNA HELHOSKI of NerdWallet Buy now, pay later financing options are increasingly being offered by for-profit credentialing schools and boot camps. The “learn now, pay later” concept is appealing, and students are already familiar with the name brand companies since buy now, pay later is ubiquitous within online retail. But are these just risky

By DAMIAN J. TROISE AP Business Writer NEW YORK (AP) — Stocks rose in morning trading on Wall Street Thursday and added to gains for the week as investors remain focused on inflation and rising interest rates. The S&P 500 rose 0.5% as of 10:18 a.m. Eastern. The Dow Jones Industrial Average rose 101 points,

By MATT OTT AP Business Writer WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week following last week’s mammoth jump, the biggest in 35 years. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.81% this week, from last week’s 5.78%. Last week’s average was the highest since

By JOHN LEICESTER and DAVID KEYTON Associated Press KYIV, Ukraine (AP) — Ukraine says Russia’s military has captured two villages in eastern Ukraine and is vying for control of a key highway as it seeks to cut supply lines and encircle frontline Ukrainian troops. The Ukrainian military hopes to gain an advantage with the arrival

By STAN CHOE AP Business Writer NEW YORK (AP) — The good news for stocks is that this year’s sell-off means they no longer look eye-wateringly expensive. The bad news: That won’t matter if corporate profits give out. A stock’s price rises or falls for essentially two reasons: how much cash a company generates and

By ISABEL DEBRE Associated Press DUBAI, United Arab Emirates (AP) — A sleek $156 million superyacht belonging to a sanctioned Russian oligarch and parliamentarian is now docked in Dubai, the latest reminder of how the skyscraper-studded sheikhdom has become a haven for Russian money amid Moscow’s war on Ukraine. The Madame Gu, which has a

By FRANK JORDANS Associated Press BERLIN (AP) — Germany has activated the second phase of its three-stage emergency plan for natural gas supplies, saying the country faces a “crisis” and warning that storage targets for the winter are at risk due to dwindling deliveries from Russia. The government said Thursday that the decision to raise

By MATT OTT AP Business Writer WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures. Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous

By MATTHEW DALY Associated Press WASHINGTON (AP) — The White House is launching a partnership with 11 East Coast governors to boost the growing offshore wind industry, a key element of President Joe Biden’s climate change plan. Biden administration officials will meet with governors and labor leaders Thursday to announce commitments to expand important parts

The Associated Press NEW YORK (AP) — Wall Street is poised to open higher at Thursday’s opening bell a day after the head of the Federal Reserve acknowledged that a recession is possible. Futures for the Dow Jones Industrial Average rose 0.6% and futures for the S&P 500 jumped 0.8%. Global shares are largely moving

LISBON, Portugal (AP) — Police in Portugal have found just over 8 metric tons (8.8 short tons) of cocaine concealed inside banana shipments from Colombia. Police said Thursday the cocaine was hidden in the hold of three cargo ships that docked in Setubal in a port about 50 kilometers (30 miles) south of the Portuguese

By KRISHAN FRANCIS and BHARATHA MALLAWARACHI Associated Press COLOMB0, Sri Lanka (AP) — Senior Indian officials are in Sri Lanka for talks on how to help the island nation weather an unprecedented economic crisis. The Indian delegation’s visit Thursday followed Prime Minister Ranil Wickremesinghe’s declaration that Sri Lanka’s economy had “collapsed.” Sri Lankans have endured months