business

By Elizabeth Dilts Marshall NEW YORK – Bank of America Corp is facing a lawsuit seeking class action status filed on Thursday by two customers who say the bank refused …

WASHINGTON – Toyota Motor Corp said on Thursday it is suspending production through Saturday at its plants in Ontario and Kentucky due to supply issues stemming from trucking protests. The …

– The U.S. government posted a $119 billion budget surplus in January, the first in more than two years, amid strong growth in tax receipts and a sharp drop in …

By Lucia Mutikani WASHINGTON – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 …

By Jonnelle Marte -U.S. mortgage rates increased to a two-year high last week and could keep rising, a trend which may further squeeze first-time buyers struggling to overcome higher home …

-U.S. President Joe Biden said the January consumer price index report issued on Thursday was a reminder the budgets of Americans are under real strain, adding that his administration was …

By Daniel Wiessner – A California civil rights agency said it filed a lawsuit on Wednesday accusing Tesla Inc of failing for years to address widespread racist conduct at its …

BEIJING – China hopes the United States will remove additional tariffs on Chinese goods and end its sanctions and crackdowns as soon as possible to create conditions for trade cooperation, …

By Steven Scheer JERUSALEM -Teva Pharmaceutical Industries said on Wednesday it was bracing to pay as much as $3.6 billion in cash and medicine to settle thousands of lawsuits alleging …

ZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price of 1.15 billion euros ($1.31 …

The State of New York announced that its retirement fund would divest $238 million from companies that are “not prepared for net zero transition.” The state will divest from 21 …

By Patturaja Murugaboopathy – U.S. investors are snapping up funds that invest in dividend-paying stocks as they search for stable income from alternatives to bond markets, which are being roiled …

By Praveen Paramasivam – KFC-parent Yum Brands Inc reported quarterly comparable sales that beat estimates on Wednesday, driven by strong online demand for its tacos and fried chicken as well …

– Media company Discovery Inc’s plan to acquire venerable film and TV studio WarnerMedia has passed the U.S. Department of Justice’s antitrust review, clearing another hurdle toward closing, according to …

By Elizabeth Culliford -Spotify’s chief content officer Dawn Ostroff told advertisers at a conference on Wednesday that the backlash around popular U.S. podcaster Joe Rogan’s podcast had been a “real …

By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in …

By Mehr Bedi – A nearly three-month long labor strike at Kellogg’s U.S. cereal plants is expected to dent profit margins already under pressure from steep costs driven by global …

LONDON – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the …

NEWARK, N.J. – A California man pleaded guilty today to laundering money from fraudulently obtained Small Business Association (SBA) loans and from a law firm that was the victim of …

Damian Williams, the United States Attorney for the Southern District of New York, announced today that DEJAN MEDIC pled guilty to participating in a business email compromise scheme that stole …

WASHINGTON -High U.S. inflation may get even higher before subsiding in the face of Federal Reserve action and as supply chain strains recede, San Francisco Federal Reserve Bank President Mary …

By Tina Bellon and Nivedita Balu -Lyft Inc’s first full-year adjusted profit and a spike in pricey airport trips were overshadowed by a drop in ridership due to Omicron, which …

By Jarrett Renshaw and Nandita Bose WASHINGTON -President Joe Biden on Tuesday announced that an Australian company that makes chargers for electric vehicles will build a manufacturing facility in Tennessee, …