AP National Business

SUNRISE, Fla. — Pediatrix Medical Group: Q1 Earnings Snapshot

WILMINGTON, Del. — DuPont de Nemours: Q1 Earnings Snapshot

LONDON (AP) — British energy giant BP has posted strong quarterly profit numbers even as energy prices that soared after Russia’s war in Ukraine last year have eased off. London-based BP said Tuesday that it earned $5 billion in underlying replacement cost profit in the first three months of the year, up from $4.8 billion

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — Europe’s painful inflation inched higher last month, extending the squeeze on households and keeping pressure on the European Central Bank to unleash another large interest rate increase. The European Union statistics agency Eurostat said Tuesday that consumer prices jumped 7% in April from a year

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares were trading mixed Tuesday with some markets closed or anticipating holidays and investors showing muted reaction to the latest U.S. banking failure. France’s CAC 40 lost 0.4% in early trading to 7,459.14. Germany’s DAX fell nearly 0.4% to 15,866.12. Britain’s FTSE 100 inched down

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Australia’s central bank has surprised markets by increasing its benchmark interest rate by a quarter percentage point to 3.85% despite pausing its climb last month and new evidence that inflation is slowing. The Reserve Bank of Australia’s meeting on April 4 was the first in a

By JOE McDONALD and YURI KAGEYAMA AP Business Writers YOKOHAMA, Japan (AP) — Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favorite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese electric car

By JAKE COYLE AP Film Writer NEW YORK (AP) — Television and movie writers declared late Monday that they will launch a strike for the first time in 15 years, as Hollywood girded for a walkout with potentially widespread ramifications in a fight over fair pay in the streaming era. The Writers Guild of America

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares were mixed Tuesday with some markets closed or anticipating holidays and investors showing muted reaction to the latest historic U.S. banking failure. Japan’s Nikkei 225 edged up 0.2% to 29,175.44 in morning trading. Trading in Tokyo will be closed for Golden Week holidays the

SYDNEY (AP) — Qantas says Chief Financial Officer Vanessa Hudson will become its next chief executive. Hudson has been with the Australian airline in various roles for 28 years and will replace Alan Joyce in November. Joyce has been its CEO since 2008. He noted that there weren’t many female CEOs in the aviation industry

By The Associated Press First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have

By MIKE SCHNEIDER Associated Press ORLANDO, Fla. (AP) — Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s so-called “Don’t Say Gay” bill, Disney World’s governing board — made up of Gov. Ron DeSantis appointees — filed a lawsuit Monday against the entertainment giant. The

By SHARON L. LYNCH Associated Press NEW YORK (AP) — The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits. In a report released Monday, the FDIC suggests insuring business accounts at higher levels than it has previously. The proposed change would

By JOSH BOAK, MARY CLARE JALONICK and LISA MASCARO Associated Press WASHINGTON (AP) — President Joe Biden is trying to ease a debt limit standoff by inviting the four Congressional leaders to the White House on May 9. It’s a sign of the growing fears of a default as the federal government might be unable

ST. PAUL, Minn. (AP) — A Minnesota man who immigrated to the U.S. and built a successful food business was named Monday as the National Small Business Person of the Year. The honor for Abdirahman Kahin, CEO and owner of Afro Deli & Grill in St. Paul, was announced at an awards ceremony in Washington

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial crisis. In a letter

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Rambus Inc. (RMBS) on Monday reported earnings of $3.3 million in its first quarter. The San Jose, California-based company said it had net income of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 44 cents per share. The

LAS VEGAS (AP) — LAS VEGAS (AP) — MGM Resorts International (MGM) on Monday reported first-quarter profit of $466.8 million. On a per-share basis, the Las Vegas-based company said it had profit of $1.24. Earnings, adjusted for non-recurring gains, were 44 cents per share. The results surpassed Wall Street expectations. The average estimate of eight