Business News

By Arathy Somasekhar – Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added …

– Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The hikes range from 2% to 10% depending on store …

– Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said …

By David Shepardson WASHINGTON -Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker …

FRANKFURT – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer …

By Stephen Culp and Chris Prentice NEW YORK/WASHINGTON -Global shares dropped on Friday on rising worries over escalating Ukraine-Russia tensions and the prospect of a tightened interest rate hike timeline …

By Hannah Lang and Herbert Lash WASHINGTON -The dollar rose along with other safe-haven assets on Friday after the United States said Russia has massed enough troops near Ukraine to …

LIMA – Peru’s economy is expected to have stayed above pre-pandemic levels in December and January, due to the recovery of internal demand and a record in exports, despite lower …

By Andrea Shalal WASHINGTON – The U.S. Treasury Department on Friday rejected an appeal by 18 Democratic lawmakers who want the International Monetary Fund (IMF) to end its practice of …

By Fergal Smith TORONTO – The Canadian dollar weakened against its U.S. counterpart on Friday, giving back some of this week’s gains, as the potential for an imminent Russian attack …

-Two senior U.S. Federal Reserve staffers reported a series of financial market trades in early 2020 at a time when the central bank was putting in place emergency measures to …

-Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain. …

By Noor Zainab Hussain -Democratic U.S. Senators Elizabeth Warren and Tina Smith have asked the Department of Labor to deny Swiss lender Credit Suisse Group AG a regulatory exemption related …

WASHINGTON – The Justice Department wants to depose some of Apple’s top executives as it prepares for a trial to determine if Alphabet’s Google broke antitrust law in how it …

By David Lawder WASHINGTON – Canada’s trucker protesters could not have picked a better spot to disrupt the export-driven country’s economy, or the North American auto industry, than the four-lane …

By David Shepardson WASHINGTON -Toyota Motor Corp, Ford Motor Co and General Motors Co, said Friday the disruption at the Canadian border from trucking protests forced new production cuts at …

-Twitter Inc said on Friday it had fixed a software glitch in its micro-blogging website that had disrupted services for several thousands of its users. “We’ve fixed a technical bug …

By Julia Payne LONDON – Exxon Mobil is injecting new cash into oil trading in Europe after a retreat on its ambitious expansion plans last year, three people with knowledge …

By Chibuike Oguh -Apollo Global Management Inc posted a 52% jump in fourth-quarter distributable earnings on Friday on the back of strong growth in management and advisory fees in its …

MILAN – Italy’s Banco BPM has not received any information about a possible bid from bigger rival UniCredit, a source close to the bank said on Friday. Shares in Banco …

By Francesco Guarascio and Wendell Roelf BRUSSELS/CAPE TOWN -The European Union and the Gates Foundation are set to announce financial support for nascent efforts to set up an African medicines …

By Anne Kauranen, Essi Lehto and Mike Stone HELSINKI/WASHINGTON -Finland has sealed a deal to buy dozens of F-35 stealth warplanes from the United States, in a sign of its …

Bear, DE- Delaware State Police are investigating a homicide that occurred Thursday night outside a Bear area gym. On February 10, 2022, at approximately 9:41 p.m., Delaware State Police responded to …

By Lucia Mutikani WASHINGTON -U.S. consumer sentiment fell to its lowest level in more than a decade in early February amid expectations that inflation would continue to increase in the …

By Arunima Kumar and Rod Nickel -Enbridge Inc reported a nearly 4% jump in fourth-quarter profit on Friday, as a recovery in fuel demand boosted the Canadian pipeline operator’s oil …