Business News

By Eva Mathews and Dawn Chmielewski – Facebook-parent Meta Platforms Inc said on Monday that billionaire investor Peter Thiel, an early investor who has been on the company’s board since …

By Rajesh Kumar Singh and Aishwarya Nair CHICAGO -Budget carriers Frontier Group Holdings and Spirit Airlines Inc on Monday unveiled plans to create the fifth-largest U.S. airline in a $2.9 …

By Wayne Cole SYDNEY – A measure of Australian business conditions took a turn for the worse in January as a surge in coronavirus cases hit consumer spending, though firms …

By Elizabeth Culliford – The metaverse will open up more ways for businesses to make money, an executive from Facebook parent Meta Platforms Inc told an advertising conference on Monday, …

By William Schomberg LONDON – British consumers slowed the pace of their spending last month as the Omicron COVID-19 wave hit fuel sales and kept people away from bars and …

By Sheila Dang – Bluesky, a Twitter Inc-funded project that is seeking to rebuild how social media companies operate, said on Monday Twitter co-founder and former chief executive Jack Dorsey …

Republican Arizona Attorney General Mark Brnovich’s office sent a letter to crowdfunding site GoFundMe on Monday requesting the company preserve documents related to its deletion of a fundraiser supporting a …

-Take-Two Interactive Software Inc on Monday projected fourth-quarter revenue below market expectations, a sign that its thin lineup of new titles would overshadow the boost from the “Grand Theft Auto” …

By Emma Farge GENEVA – Britain will join the United States and Australia in backing a European Union trade case against China at the World Trade Organization over Beijing’s alleged …

By Allison Lampert MONTREAL – Environmentalists and some European nations are set to clash with the United States over a possible comeback of supersonic travel, saying efforts to set noise …

By Chris Prentice and Carolyn Cohn WASHINGTON/LONDON -Wall Street shares finished broadly lower on Monday, while European stocks rose following five straight weeks of declines and European bond yields soared …

– A subsidiary of Amazon.com Inc has secured a warrant to acquire 39.6 million shares in Velodyne Lidar Inc, the sensor maker said on Monday, more than doubling its share …

-Shares of Peloton Interactive Inc rose 22% on Monday after reports of takeover interest from Amazon.com Inc and Nike Inc in the exercise bike maker that recently lost a majority …

By Rodrigo Campos NEW YORK – Banks in Latin America and emerging Europe are most exposed to dollarization among developing economies, making them vulnerable to weaker local currencies and increasing …

(Drops inaccurate reference to Crescent Point being an oil sands company in last paragraph) By Shariq Khan – Canadian oil and gas producer Crescent Point Energy Corp is looking to …

MEXICO CITY – Mexican Economy Minister Tatiana Clouthier said on Monday the country’s economy was likely to grow about 2.5% this year after being hit by the Omicron wave of …

By Herbert Lash NEW YORK -The dollar and the euro both eased on Monday after European Central Bank President Christine Lagarde calmed market expectations of a quick hike in interest …

By Subrat Patnaik and Akash Sriram -Tesla Inc said on Monday it received a subpoena from the U.S. securities regulator related to a settlement that required Chief Executive Elon Musk’s …

WASHINGTON – White House press secretary Jen Psaki defended Federal Reserve Board nominee Sarah Bloom Raskin on Monday as a qualified nominee amid criticism from conservatives that she is a …

By Gertrude Chavez-Dreyfuss NEW YORK -Bitcoin rose to a four-week high on Monday, climbing for a second consecutive session, driven in part by liquidation of some short positions that have …

– Amazon.com Inc plans to more than double its base pay cap to $350,000, from its previous maximum salary of $160,000 for U.S. employees, according to a company memo. The …

By Manas Mishra – Investors on Tuesday hope to learn Pfizer Inc’s plans for what could be a once-in-a-generation cash infusion from COVID-19 treatments and vaccines in 2022, with some …

(This February 4 story corrects milestone date in paragraph 13 to January 2020, from December 2019) By Katanga Johnson WASHINGTON – Stock indexes around the globe traded mixed on Friday …

By David Shepardson WASHINGTON -The Federal Aviation Administration (FAA) said Monday it was issuing draft guidance seeking to protect aviation employees who perform government certification duties from interference by airplane …

By David Shepardson WASHINGTON – Frontier Airlines on Monday temporarily halted all flights after a technology issue, according to the Federal Aviation Administration (FAA) and the airline. A Frontier spokeswoman …