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Explainer-How Western sanctions might target Russia

By Karin Strohecker – Western countries have threatened to impose new financial and economic sanctions on Russia if it invades Ukraine. Russia, which denies planning an invasion after massing troops near Ukraine,…

February 1, 2022

General Dynamics misses revenue estimates, beats profit on higher aerospace sales

By Nathan Gomes and Mike Stone -General Dynamics Corp on Wednesday had a mixed quarter as the defense giant missed analyst revenue estimates but beat their fourth-quarter profit estimates, helped by strong…

January 26, 2022

Russia holds military drills before four-way Ukraine talks in Paris

By Tom Balmforth MOSCOW – Russia held military drills on Wednesday and deployed more forces and fighter jets to Belarus for exercises next month as officials prepared to sit down for four-way…

January 26, 2022

U.S. Commerce Dept says chips shortage to persist, will review some prices

By David Shepardson WASHINGTON -The U.S. Commerce Department said Tuesday a global survey of semiconductor chip producers and users shows a shortage will persist, sparked primarily by wafer production capacity constraints. The…

January 26, 2022

Marketmind: No time to waver, Chair Powell

A look at the day ahead from Dhara Ranasinghe. Some previous market tantrums over a looming tightening in policy made central bankers think twice about taking away hefty monetary support. Yet, for…

January 26, 2022

Ukraine diplomat sees little chance of war, but local conflict possible

TOKYO – Ukraine is committed to seeking a diplomatic solution to the current tension with Russia, its ambassador to Japan, Sergiy Korsunsky, said on Wednesday, adding that he saw little chance of…

January 26, 2022

Ukraine Insists Russian Invasion Is Not Imminent

Ukrainian leadership sought to assure its citizens on Tuesday that an invasion by Russian forces was not imminent, the Associated Press reported. “As of today, there are no grounds to believe” Russia…

January 26, 2022

Exclusive-U.S. funding to WHO fell by 25% during pandemic -document

By Francesco Guarascio and Emma Farge BRUSSELS/GENEVA – U.S. financial contributions to the World Health Organization (WHO) have fallen by 25% during the coronavirus pandemic, provisional data show, with Washington’s future support…

January 25, 2022

New York state mask mandate back in effect as judge grants stay in appeal

By Kanishka Singh -An appeals court judge on Tuesday granted a stay in an appeal over mask mandates in New York, keeping the rule in effect during the legal process, New York…

January 25, 2022

U.S. House leaders unveil chips, China competition bill

By David Shepardson and Patricia Zengerle WASHINGTON -U.S. House of Representatives leaders on Tuesday unveiled a bill aimed at increasing U.S. competitiveness with China and supporting the U.S. chip industry, including $52…

January 25, 2022

U.S. Supreme Court to hear challenge to race-conscious college admissions

By Andrew Chung and Lawrence Hurley – The U.S. Supreme Court on Monday agreed to hear a bid to bar Harvard University and the University of North Carolina from considering race in…

January 25, 2022

Dominion sees no chance of settling suits against pro-Trump lawyers Giuliani, Powell

By Jan Wolfe and Helen Coster WASHINGTON – Dominion Voting Systems Corp has told a court there is “no realistic possibility” that the voting machine manufacturer will reach settlements in its billion-dollar…

January 25, 2022

White House to host GM, Ford among CEOs at meeting on spending push

By David Shepardson WASHINGTON -The White House plans to host the chief executives of major U.S. companies including auto and tech sector firms on Wednesday to discuss President Joe Biden’s signature $1.75…

January 25, 2022

U.S. Labor Dept withdrawing COVID vaccine rule for large employers

By Tom Hals -The Department of Labor said on Tuesday it will withdraw its COVID-19 vaccine-and-testing requirement for large U.S. employers after the U.S. Supreme Court blocked the rule, ending a controversial…

January 25, 2022

IMF cuts growth forecasts for U.S., China and world as Omicron spreads

By Andrea Shalal and David Lawder WASHINGTON -The International Monetary Fund lowered its economic forecasts for the United States, China and the global economy on Tuesday, and said uncertainty about the pandemic,…

January 25, 2022

Trump is nowhere – and everywhere – in Pennsylvania’s U.S. Senate race

By Jarrett Renshaw PHILADELPHIA -Former President Donald Trump is nowhere to be seen in Pennsylvania’s U.S. Senate race, but he nonetheless is shaping the election as Republican candidates vie for his support…

January 25, 2022

Fauci says ‘prudent’ to have Omicron vaccine, but may not be needed

WASHINGTON -A COVID-19 vaccine specifically targeting the Omicron variant would be “prudent” even if it ultimately may not be needed, the top U.S. infectious disease official said on Tuesday as Pfizer announced…

February 3, 2022

Lockheed Martin posts better-than-expected profit, reiterates 2022 sales outlook

By Mike Stone – U.S. weapons maker Lockheed Martin Corp reported better-than-expected quarterly profit on Tuesday, helped by a strong performance at its ships and helicopters unit and venture capital gains, and…

January 25, 2022

Analysis-‘Aggressively conservative’ Supreme Court plunges into U.S. culture wars

By Lawrence Hurley and Andrew Chung WASHINGTON – The U.S. Supreme Court’s decision to hear a case that could doom university policies considering race as a factor in student admissions is the…

January 25, 2022

U.S. orders departure of Ukraine embassy staff family members

By David Shepardson and Costas Pitas WASHINGTON -The United States on Sunday ordered the departure of family members of staff at its embassy in Ukraine, citing the continuing threat of military action…

January 25, 2022

New York judge strikes down state mask mandate

By Daniel Trotta and Brad Brooks – A New York judge struck down the state’s mask mandate on Monday, one week before it was due to expire, ruling the governor overstepped her…

January 24, 2022

Georgia to impanel grand jury in probe of Trump bid to overturn 2020 election

By Kanishka Singh and Alexandra Ulmer -The Georgia prosecutor investigating then-U.S. President Donald Trump’s efforts to overturn the 2020 election results in the state will be allowed to seat a special grand…

January 24, 2022

NATO sends reinforcements and U.S. puts troops on alert as Ukraine tensions rise

By Dmitry Antonov and Sabine Siebold MOSCOW/BRUSSELS -NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets, in what Russia denounced as…

January 24, 2022

DiMaio, Rooney condemn Phil Murphy healthcare vaccine mandate

TRENTON, N.J. – Assemblymen John DiMaio and Kevin Rooney have condemned Gov. Phil Murphy’s most recent decree to some workers: Get vaccinated or get fired. The governor’s latest executive order 283 issued Jan. 11 mandates…

February 3, 2022

U.S. to move faster to address unfair airline consumer practices

By David Shepardson WASHINGTON -The U.S. Transportation Department (USDOT) announced on Monday it is issuing a new rule to make it easier for regulators to move faster to protect airline customers from…

January 24, 2022