Business

NEW YORK (AP) — An internal Amazon memo has provided a stark look at the company’s carefully laid out plans to grow its influence in Southern California through a plethora of efforts that include burnishing its reputation through charity work... Read More

WASHINGTON — The Supreme Court appeared divided on Monday over a bankruptcy deal struck by Purdue Pharma that would immunize the Sackler family, its one-time owners, from civil lawsuits for their role in the opioid crisis.  The closely watched case is... Read More

NEW YORK — A New York appeals court panel on Thursday reinstated a pair of gag orders issued in Donald Trump’s civil fraud trial that barred the former president from speaking publicly about the judge’s court staff. The two-page decision... Read More

MINNEAPOLIS (AP) — The Mayo Clinic announced a $5 billion expansion plan for its flagship campus Tuesday that includes new buildings designed so they can evolve and expand as patient needs change over the coming decades. The project is part... Read More

SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose,... Read More

PORTSMOUTH, Va. — Siemens Gamesa, the German-Spanish wind engineering company, will not be building a planned $200 million factory to manufacture offshore wind turbine blades in Virginia after all. The massive facility, which had been projected to create more than... Read More

GOTHENBURG, Sweden — Swedish truck maker Volvo Group said it has prevailed in a bankruptcy auction for a failed EV battery manufacturer that once planned to make batteries for thousands of electric trucks, buses and vans at a factory in... Read More

WASHINGTON (AP) — The cancellation of two large offshore wind projects in New Jersey is the latest in a series of setbacks for the nascent U.S. offshore wind industry, jeopardizing the Biden administration’s goals of powering 10 million homes from... Read More

A nonpartisan business group that advocates for clean energy estimates that 403,000 jobs will be created by the 210 major energy projects announced since the Inflation Reduction Act took effect in mid-2022. At least $86 billion in investments have been announced,... Read More

DETROIT (AP) — The United Auto Workers union said Wednesday it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly 6-week-old strikes against Detroit automakers. The four-year deal, which still has to... Read More

NEW YORK (AP) — Wall Street is rising Tuesday after Verizon, General Electric and other big companies reported fatter profits for the summer than expected. The S&P 500 was 0.8% higher in midday trading and on track to break a... Read More

DETROIT (AP) — The United Auto Workers union turned up the heat on General Motors as 5,000 workers walked off their jobs Tuesday at a highly profitable SUV factory in Arlington, Texas. The move comes just a day after the... Read More

WASHINGTON — Pharmacists at dozens of Walgreens and CVS locations across the U.S. have staged walkouts this month to protest what they say are unsafe working conditions in their pharmacies. And more could be on the way, say organizers of... Read More

WASHINGTON — Companies thinking about using AI to take advantage of efficiencies in the hiring process were put on notice earlier this year when the U.S. Equal Employment Opportunity Commission settled its first-ever AI discrimination-in-hiring lawsuit, reaching an agreement with... Read More

OMAHA, Neb. — The developer of a proposed $3.5 billion carbon capture pipeline expected to run through four mid- and upper-midwestern states, summarily canceled the project on Friday, citing "the unpredictable nature of the regulatory and government processes involved." The... Read More

WASHINGTON — The Federal Communications Commission voted on Thursday to proceed with a proposal to restore net neutrality and at the same time, potentially, broaden the agency’s reach. The 3-2 party-line vote — with all Democratic commissioners voting in favor... Read More

NEW YORK (AP) — Wall Street is drifting Tuesday following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking. The S&P 500 was 0.2% higher in midday trading after erasing an... Read More

Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits. The drugstore chain said late Sunday it also has obtained $3.45 billion in... Read More

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Including debt, Exxon is committing about $64.5 billion... Read More

WASHINGTON — The U.S. Senate is considering a bill that would force some of the same liabilities faced by brick-and-mortar retailers onto online platforms. The problem is counterfeits. Online retail platforms like eBay and Ali Baba might sell products with... Read More

SACRAMENTO, Calif. (AP) — California fast food workers will be paid at least $20 per hour next year under a new law signed Thursday by Democratic Gov. Gavin Newsom. When it takes effect on April 1, fast food workers in... Read More

Amazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition. The lawsuit, filed Tuesday in U.S. District... Read More

TULSA, Okla. — In a sign of the changing respective times for the oil and gas sectors in North America, Oneok, Inc., a major player in natural gas, on Monday completed its purchase of Magellan Midstream Partners, a company with access... Read More

The president of the United Auto Workers said Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis facilities in 20 states. The UAW on Friday targeted distribution centers, not production... Read More

WASHINGTON — Total Halloween spending could reach a record $12.2 billion this year, significantly outpacing last year’s record $10.6 billion in sales, according to a survey conducted for the National Retail Federation. The annual market appraisal, which was performed on... Read More

SANTA FE, N.M. (AP) — Governors from the Southwestern United States are pursuing stronger business ties with Taiwan in hopes of attracting new foreign investments and jobs to their landlocked states. Trade missions this week have taken New Mexico. Gov.... Read More

DETROIT (AP) — About 13,000 U.S. auto workers stopped making vehicles and went on strike Friday after their leaders couldn’t bridge a giant gap between union demands in contract talks and what Detroit’s three automakers are willing to pay. Members... Read More

SEATTLE — Amazon said Tuesday that it is making two sizable investments intended to further both the development of direct air capture technologies to scrub the atmosphere of harmful carbon and its own goal to reach net-zero carbon emissions by... Read More

SAVANNAH, Ga. (AP) — The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South Korean automaker and a partner announced last month that it will... Read More

WASHINGTON (AP) — Google has exploited its dominance of the internet search market to lock out competitors and smother innovation, the Department of Justice charged Tuesday at the opening of the biggest U.S. antitrust trial in a quarter century. “This... Read More