AP National Business

By ELAINE KURTENBACH AP Business Writer Shares are mostly lower in Asia and oil prices have risen after a tech-driven rally on Wall Street. Many Asian markets including those in China were closed for holidays. Tokyo and Seoul declined while Sydney advanced. The S&P 500 rose 0.8%, the Dow Jones Industrial Average picked up 0.3%

By KRISHAN FRANCIS Associated Press COLOMBO, Sri Lanka (AP) — Sri Lanka’s largest opposition party has rejected the president’s invitation to form a unity government, as protests continue over the country’s worst economic crisis in memory and deepening mistrust in his leadership. All 26 Cabinet ministers handed in their resignations Sunday night after thousands of

By KEN MORITSUGU Associated Press BEIJING (AP) — China has sent more than 10,000 health workers to Shanghai, including 2,000 military medical staff. They are struggling to stamp out a  COVID-19 outbreak in China’s largest city. Shanghai is conducting mass testing of its 25 million residents as what was supposed to be a two-phase lockdown

By TERRY TANG Associated Press PHOENIX (AP) — Dick Kelsey, a retired Associated Press broadcast editor who was revered as much for his humor as his hardworking nature, has died after a seven-year battle with cancer. He was 76. Kelsey died Thursday at his Phoenix home. Raised in Lockport, New York, he overcame a childhood

By DEE-ANN DURBIN AP Business Writer Former McDonald’s workers who alleged rampant sexual harassment at their Michigan restaurant have reached a $1.5 million settlement agreement with the restaurant’s former owner. The American Civil Liberties Union’s Women’s Rights Project announced the settlement deal Monday. It must still be approved by a federal judge. Former McDonald’s worker

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Twitter, Hertz rise; Starbucks, Alnylam fall.

By DAVID KOENIG and JULIE WALKER Associated Press Air travelers in the U.S. are getting a break after a bad weekend that left thousands of flyers stranded. Airlines scrubbed more than 650 U.S. flights by late Monday. That’s according to tracking service FlightAware. Still, that’s a big improvement from the weekend, when airlines canceled more

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks closed higher on Wall Street Monday with help from big technology and communications stocks. The S&P 500 rose 0.8%, the Dow Jones Industrial Average rose 0.3% and the Nasdaq rose 1.9%. Twitter soared 27% following a big investment in the company from Tesla’s Elon

By SCOTT SONNER Associated Press RENO, Nev. (AP) — In a rare emergency move, the U.S. government has temporarily declared a Nevada toad endangered, saying a geothermal power plant in the works could result in its extinction. The Fish and Wildlife Service announced Monday it’s formally proposing a rule to list the Dixie Valley toad

ATHENS, Greece (AP) — Greece’s finance minister says the country has repaid its outstanding debts dating back to its financial crisis to the International Monetary Fund two years ahead of schedule. Minister Christos Staikouras said Monday that “this closes a chapter that opened in May 2010, when Greece appealed to the Fund for financial support.”

By MICHELLE CHAPMAN and TOM KRISHER AP Business Writers Tesla CEO Elon Musk owns a 9% stake in Twitter and is now the social media platform’s largest shareholder. The ultimate aim of Musk’s 73.5 million share purchase worth $3 billion is not clear, yet in late March Musk, who has 80 million Twitter followers, questioned

By KEN SWEET AP Business Writer NEW YORK (AP) — Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his annual letter to JPMorgan Chase shareholders on Monday. Never too shy to share his thoughts on anything, the CEO and chairman of JPMorgan often uses his

By MATT OTT and DEE-ANN DURBIN AP Business Writers Longtime Starbucks leader Howard Schultz returned to the company as interim CEO Monday. Among his first actions was suspending Starbucks’ $20 million share buyback program to invest more profits in employees and stores. Starbucks shares fell 4% on the news. The pivot in strategy comes just

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — Medicare says that millions of enrollees will finally have access to free over-the-counter COVID-19 tests at drug stores. Monday’s announcement comes amid worries that the latest coronavirus variant — BA.2 — will spark another rise in U.S. cases. More than 59 million people with Medicare’s “Part B”

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Big technology and communications stocks made solid gains and helped lift the broader market in afternoon trading on Wall Street Monday. The S&P 500 rose 0.7%, the Dow Jones Industrial Average rose 0.3% and the Nasdaq rose 1.8%. Twitter soared on a big investment from