Business. Page 8

Madoff seeks prison release, citing terminal kidney failure

NEW YORK — Epic Ponzi schemer Bernard Madoff asked a federal judge Wednesday to grant him a “compassionate release” from his 150-year prison sentence,...
0:07 6 February 2022

Airliner skids, breaks open in Istanbul; 3 dead, 179 injured

ISTANBUL — A Turkish airliner skidded off a runway, crashed into a ditch and broke apart while landing in bad weather in Istanbul Wednesday, killing t...
23:00 5 February 2022

Merck to spin off assets with $6.5B in sales; 4Q profit up

Drugmaker Merck beat Wall Street's fourth-quarter profit expectations, but investors weren't as happy with the biggest move Merck's made in years: dec...
19:59 5 February 2022

Jeff Bezos asks court to dismiss defamation suit

NEW YORK — Amazon founder Jeff Bezos is asking a California court to dismiss a defamation lawsuit filed against him by his girlfriend's brother, Micha...
19:28 5 February 2022

How’s the economy? Fed increasingly turns to private data

WASHINGTON — About a year ago, Federal Reserve officials were nervous. Markets were cratering. Fear about a trade war was rising. The officials needed...
17:29 5 February 2022

What for W-4? Why you should care about the new tax form

If you are starting a new job this year, or just want to update your tax information with your employer, some of the paperwork is going to look differ...
17:27 5 February 2022

The Latest: WHO seeks $675M to fight new virus

BEIJING — The Latest on a virus outbreak that began in China (all times local):
15:58 5 February 2022

German state gets new governor, with far-right votes

BERLIN — A pro-business politician was elected unexpectedly as the governor of an eastern German state on Wednesday after a far-right party threw its ...
14:31 5 February 2022

GM churns out profit in 2019 despite strike, slumping sales

DETROIT — Despite a 40-day strike by factory workers and slumping sales in the U.S. and China, General Motors still made money last year.
14:19 5 February 2022

UK government, at odds with media, eyes BBC funding change

LONDON — Britain’s government announced Wednesday it is considering a change in the way the BBC is funded that would severely dent the coffers of the ...
13:28 5 February 2022

Stocks rise on hopes China virus damage can be curbed

TOKYO — Stock markets rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outb...
12:32 5 February 2022

Virus impact: Automakers look at restarting China operations

BEIJING — Automakers are considering whether to resume operations in China amid efforts to contain a virus outbreak while the impact on other companie...
8:30 5 February 2022

Graft trial told Malaysian ex-PM’s wife was influential

KUALA LUMPUR, Malaysia — The wife of Malaysian ex-Prime Minister Najib Razak went on trial Wednesday for alleged corruption in the same courthouse as ...
8:06 5 February 2022

Australian bank official says virus is an economic unknown

CANBERRA, Australia — Australia's deadly wildfires will have no impact on the nation's economic growth this year but the impact of a new virus is stil...
6:33 5 February 2022

Dubai airport remains world’s No. 1 for international travel

DUBAI, United Arab Emirates — Dubai International Airport said on Wednesday that it maintained its title as the world's busiest for international trav...
6:30 5 February 2022

Unknowns of the new virus make global quarantines a struggle

SEOUL, South Korea — Health authorities are scrambling to halt the spread of a new virus that has killed hundreds in China. But with important details...
3:56 5 February 2022

Asian shares up on China efforts despite virus worries

TOKYO — Asian shares rose Wednesday on optimism that China's latest actions may help curtail some of the expected economic damage from the virus outbr...
3:31 5 February 2022

Disney Plus hits nearly 29M subscribers in 3 months

NEW YORK — Disney said its Disney Plus streaming service reached nearly 29 million paid subscribers in less than three months, an impressive start for...
23:25 4 February 2022

Tesla stock is soaring. Madness or visionary investing?

DETROIT — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined...
23:19 4 February 2022

Ford full-year profit plunges on slower sales, pension costs

DETROIT — Ford Motor Co.'s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch an...
23:02 4 February 2022

Macy’s to close 125 stores, shed 2,000 corporate jobs

NEW YORK — Macy's said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tr...
22:39 4 February 2022

PG&E clears another bankruptcy hurdle with debt refinancing

SAN FRANCISCO — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the tr...
19:32 4 February 2022

UK boosts climate effort by banning new gas vehicles by 2035

LONDON — Britain announced Tuesday that it plans to ban the sale of new gas and diesel cars by 2035 — five years earlier than its previous target — in...
14:13 4 February 2022

World shares rise, Shanghai up 1.3%, as China boosts market

BANGKOK — Global stocks rallied Tuesday and Wall Street appeared set to open higher after China's central bank provided further support to markets to ...
13:24 4 February 2022

Sony warns of China virus impact on raised forecast for year

TOKYO — Japanese electronics and entertainment company Sony Corp. warned Tuesday that forecasts and results were at risk because of the new virus in C...
9:51 4 February 2022

Pompeo message in Europe, Central Asia trip: Beware of China

TASHKENT, Uzbekistan — The countries Secretary of State Mike Pompeo visited on a five nation-tour over the last week varied from longtime ally Britain...
5:29 4 February 2022

Asia shares gain, Shanghai up slightly after Wall St rebound

BANGKOK — Shares advanced in Asia on Tuesday, with the Shanghai Composite up 0.2% after a rebound on Wall Street overnight.
4:27 4 February 2022

2 top execs leaving newspaper publisher Tribune amid turmoil

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting ...
23:48 3 February 2022

Jeff Bezos sued by girlfriend’s brother for defamation

NEW YORK — Michael Sanchez, the brother of Jeff Bezos's girlfriend, is suing the Amazon founder for defamation, alleging that Bezos and his team false...
20:09 3 February 2022