AP National Business

By ROB GILLIES Associated Press TORONTO (AP) — The Canadian government has selected Lockheed Martin Corp.’s F-35 as the preferred bidder in its competition to buy a new fighter jet. Canada is planning to buy 88 new fighter jets to replace its CF-18s.  Delivery of the first aircraft would be scheduled for 2025 if an

By ROB GILLIES Associated Press TORONTO (AP) — The Canadian government has selected Lockheed Martin Corp.’s F-35 as the preferred bidder in its competition to buy a new fighter jet. Canada is planning to buy 88 new fighter jets to replace its CF-18s.  Delivery of the first aircraft would be scheduled for 2025 if an

By DAVID PITT Associated Press DES MOINES, Iowa (AP) — Iowa is nearing passage of a dramatic reduction in unemployment benefits to try to force people to fill thousands of open jobs and reverse a trend in which the governor argues the state’s “safety net has become a hammock.” A measure supported only by the

DALLAS (AP) — Customer-service agents at Southwest Airlines will be voting on a new contract that would give them pay raises totaling more than 16% over the next three years. The machinists’ union said it reached the tentative agreement on Monday. The deal would cover about 7,000 Southwest employees. The proposed contract is the latest

LONDON (AP) — Tennis great Boris Becker has told a jury about his struggles with money including payments for an “expensive divorce” and debts when he lost large chunks of his income after retirement. Becker is on trial in London accused of failing to hand over his assets after he was declared bankrupt. The 54-year-old

DETROIT (AP) — A small maker of autonomous vehicle systems could be in hot water with U.S. highway safety regulators over how quickly it reported the crash of a test vehicle last fall. The National Highway Traffic Safety Administration says in documents released Monday that it’s investigating Pony.ai’s reporting of an Oct. 28 crash in

By The Associated Press Russia’s leading independent newspaper has suspended operations under pressure from the authorities. It was less than half a year since its editor, Dmitry Muratov, won the Nobel Peace Prize for his paper’s courageous reporting under difficult circumstances. The newspaper, Novaya Gazeta, said it will remain closed for the duration of what

By DAMIAN J. TROISE AP Business Writer Stocks turned lower in afternoon trading on Wall Street Monday as crude oil prices slumped and bond yields fell. The S&P 500 fell 0.4%, the Dow Jones Industrial Average fell 0.8% and the Nasdaq fell 0.3%. Tesla jumped after saying it is considering another stock split. Technology stocks

By GLENN GAMBOA AP Business Writer Ukrainian President Volodymyr Zelenskyy’s call for humanitarian help has been answered by the European Commission, the government of Canada and dozens of celebrities assembled by advocacy nonprofit Global Citizen, including Oscar winners Billie Eilish and Finneas, actor Hugh Jackman, as well as Madonna and top Grammy nominee Jon Batiste.

By JOSH BOAK Associated Press WASHINGTON (AP) — President Joe Biden is releasing a budget blueprint that tries to tell voters what the diverse and at times fractured Democratic Party stands for. It calls for higher taxes on the wealthy, lower budget deficits, more money for police and greater funding for education, public health and

By ANNE D’INNOCENZIO The Associated Press NEW YORK (AP) — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the

By DAMIAN J. TROISE AP Business Writer Stocks shifted between small gains and losses in morning trading on Wall Street Monday in a muted start to the week. The S&P 500 fell 0.1%, the Dow Jones Industrial Average fell 0.4% and the Nasdaq rose 0.2%. Tesla jumped after saying it is considering another stock split.

By JAN M. OLSEN Associated Press COPENHAGEN, Denmark (AP) — Danish brewery group Carlsberg is pulling out of Russia, citing Moscow’s ongoing war against Ukraine. The Copenhagen-based group said Monday it had taken “the difficult and immediate decision to seek a full disposal of our business in Russia.” Its CEO said the decision means Carlsberg

NEW YORK (AP) — Stocks are off to a mixed start on Wall Street Monday as gains for some big technology companies are offset by weakness in energy stocks as crude oil prices fall sharply. The S&P 500 was moving between small gains and losses in the early going. The Dow Jones Industrial Average was

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — The European Commission has recommended that the bloc’s 27 nations end golden passport schemes that allow wealthy people — among them Russian oligarchs — to buy their way to EU citizenship. The European Commission launched infringement procedures against Cyprus and Malta in 2020 about their golden passports

NEW YORK (AP) — Wall Street was pointed toward gains before the market opens on Monday, while global shares mostly rose and oil prices fell after Shanghai went into a nine-day semi-lockdown. Futures for the Dow industrials and the S&P 500 each rose 0.2%. Adding to concern over the economic impact from the pandemic, Shanghai

NEW YORK (AP) — Shares of Tesla are up sharply after the electric car maker announced its second stock split in less than two years. The company said in a regulatory filing that it plans to make a request at its upcoming annual shareholders meeting to increase its number of authorized shares so that it

LONDON (AP) — Russian shares have slumped as its stock market resumed trading of all companies after a monthlong halt following the Ukraine invasion. The benchmark MOEX index slid 2.2% on Monday after the Moscow Exchange reopened for all of its several hundred listed companies, but with restrictions still in place to limit volatility. The