AP National Business

By DANICA KIRKA Associated Press LONDON (AP) — Shell says it will stop buying Russian oil as international companies come under increasing to sever ties with the country after its invasion of Ukraine. The move Tuesday came hours before the U.S. and British governments banned Russian oil imports. The turmoil has rattled global markets, sending

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — World markets are mixed, with European benchmarks and U.S. futures turning higher after declines in Asian share prices. Russian troops were making significant advances in southern Ukraine early Tuesday but stalled in some other regions. Ukrainian officials were skeptical over a plan for safe corridors to

COPENHAGEN, Denmark (AP) — Danish toy company Lego says its net profit increased by more than a third in 2021, the second year of the COVID-19 pandemic, coming in at 13.5 billion kroner ($2 billion), up from 9.9 billion kroner a year earlier. Consumer sales were up 22% while revenue grew 27% to 55.3 billion

PHOENIX (AP) — The board that oversees Arizona’s three public universities has ordered their presidents to sell any Russian investments their institutions hold as quickly as possible because of ongoing war it is waging against Ukraine. The Arizona Board of Regents also voted Monday to exclude Russian investments from the board’s retirement plan. The board

By FATIMA HUSSEIN and AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concern in recent weeks about Russia’s use of cryptocurrency

By STEVE KARNOWSKI Associated Press ST. PAUL, Minn. (AP) — Teachers in the Minneapolis School District said they would go on strike Tuesday after failing to reach agreement on a new contract. It’s a move that will idle some 29,000 students in one of Minnesota’s largest school districts. Meanwhile, the teachers in neighboring St. Paul

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares have declined after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices. Benchmarks have fallen in Tokyo, Sydney, Seoul and Shanghai. A third round of peace talks between Ukraine and Russia failed

By HYUNG-JIN KIM and KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — South Koreans are voting Wednesday to choose their next president. The winner will take office on May 10 for a single five-year term. The leading candidates are ruling liberal party candidate, Lee Jae-myung, and his conservative opposition rival, Yoon Suk Yeol. Whoever

By STEVE KARNOWSKI Associated Press ST. PAUL, Minn. (AP) — Teachers in the Minneapolis School District said they would go on strike Tuesday after failing to reach agreement on a new contract. It’s a move that will idle some 29,000 students in one of Minnesota’s largest school districts. Meanwhile, the teachers in neighboring St. Paul

By PAUL J. WEBER Associated Press AUSTIN, Texas (AP) — A Texas oil pipeline billionaire is suing Beto O’Rourke for defamation after the Democrat criticized his $1 million donation to Republican Gov. Greg Abbott’s campaign following last year’s deadly winter blackout. O’Rourke on Monday called the lawsuit frivolous. The former presidential candidate has criticized Abbott

By FATIMA HUSSEIN and AAMER MADHANI Associated Press WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded. The move comes as administration officials have raised concern in recent weeks about Russia’s use of cryptocurrency

By JOHN ANTCZAK Associated Press LOS ANGELES (AP) — The city of Los Angeles is suing Monsanto and two other companies for past and future costs of dealing with contamination of waterways by long-banned chemicals called polychlorinated biphenyls, or PCBs. City Attorney Mike Feuer announced the lawsuit Monday, saying long-lasting PCBs were used in numerous

By CANDICE CHOI Associated Press NEW YORK (AP) — Meat from gene-edited cattle could be on the way in a few years. U.S. regulators on Monday said the animals do not raise any safety concerns. The cattle were altered to have short, slick coats that make it easier for them to withstand hot weather. That

PORTLAND, Ore. (AP) — A federal judge has issued a preliminary injunction that suspends Oregon’s ban on personal notes nicknamed love letters from prospective homebuyers to home sellers. The judge last week said the ban violates the First Amendment of the U.S. Constitution by restricting free speech too broadly. The  Oregonian/OregonLive reports the conservative Pacific

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: American Express, Ciena fall; Cornerstone, Exxon Mobil rise.

By STAN CHOE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks fell sharply on Wall Street Monday after another big leap for oil prices threatened to squeeze inflation’s grip on the global economy. The S&P 500 fell 3%, its biggest drop in 16 months, after a barrel of U.S. crude surged to

MADRID (AP) — Spanish royal officials says that King Felipe VI is accepting his father’s desire to return to Spain for periodic visits. But former King Juan Carlos I will remain based in the United Arab Emirates where he moved in 2020 following probes into his financial dealings. A statement on the royal website on

By DAVID PITT Associated Press DES MOINES, Iowa (AP) — Officials announced they have identified bird flu in a commercial flock of 50,000 turkeys in northwest Iowa, the state’s second case of a virus that has been identified in multiple states. Iowa agriculture officials and the U.S. Department of Agriculture on Monday confirmed the case