AP National Business

By DAVID BAUDER AP Media Writer NEW YORK (AP) — The abrupt ouster of CNN chief executive Jeff Zucker because of a workplace relationship has left some prominent employees feeling angry and uncertain about the direction of their network at a pivotal moment. The company is about to undergo a corporate ownership change, launch a

By AAMER MADHANI, LORNE COOK and SUZAN FRASER Associated Press WASHINGTON (AP) — The U.S. is accusing the Kremlin of an elaborate plot to fabricate an attack by Ukrainian forces that Russia could use as a pretext to take military action against its neighbor. Pentagon spokesman John Kirby says the scheme includes production of a

By TOM KRISHER AP Auto Writer DETROIT (AP) — Ford Motor Co. reversed a loss and rode some big accounting charges to post a $17.94 billion net profit last year. That came even as the company battled computer chip shortages that caused factory slowdowns and low inventories on dealer lots. U.S. sales for the Dearborn,

Stocks that traded heavily or had substantial price changes Thursday: Meta Platforms, Spotify fall; Humana, Ralph Lauren rise.

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Amazon’s profits in the fourth quarter nearly doubled, beating analysts’ expectations even as the online behemoth continues to contend with surging costs tied to a snarled supply chain and labor shortages. The company, based in Seattle, also raised its annual prime membership fee to $139

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers A historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street Thursday, abruptly ending a four-day winning streak for the market. The 26.4% wipeout in Meta Platforms, as Facebook’s owner is now known, erased more than

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — A key nominee to the Federal Reserve’s Board of Governors has said in testimony before a Senate panel that she would not make it harder for any industry to obtain bank loans. President Joe Biden nominated Sarah Bloom Raskin to be the Fed’s vice chair for

By JOSH FUNK Associated Press OMAHA, Neb. (AP) — Meatpacking giant JBS has agreed to a $52.5 million settlement in a beef price-fixing lawsuit that some say supports their concerns about how the lack of competition in the industry affects prices. Colorado-based JBS didn’t admit any wrongdoing as part of the settlement and a spokeswoman

By FELICIA FONSECA and TED WARREN Associated Press Money that will flow to Native American tribes as part of an opioid drug settlement with a major manufacturer and three distributors won’t come quickly. But tribal leaders say it will play a part in healing their communities from an epidemic that has disproportionately killed Native Americans.

By SYLVIE CORBET and LORNE COOK The Associated Press LILLE, France (AP) — European Union interior ministers have agreed to create a new decision-making body in efforts to beef up the 27-nation bloc’s borders, and to kick-start desperately needed reforms to the EU’s malfunctioning asylum system. The EU has been mired in a deep political

By AAMER MADHANI, LORNE COOK and SUZAN FRASER Associated Press WASHINGTON (AP) — The U.S. is accusing the Kremlin of an elaborate plot to fabricate an attack by Ukrainian forces that Russia could use as a pretext to take military action against its neighbor. Pentagon spokesman John Kirby says the scheme includes production of a

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks fell on Wall Street as Facebook parent company Meta plunged 26%, erasing more than $220 billion in market value, the largest drop in history. Meta sank after forecasting revenue well below analysts’ expectations, a disappointment for a company that investors have become accustomed to

MADRID (AP) — The Spanish parliament has ratified by a single, mistaken vote a landmark labor reform devised by the country’s Socialist-led coalition government. At the end of a messy ballot, the main party in the conservative opposition said that one of its deputies had erroneously voted in favor of the reform. Nine smaller parties

By DANICA KIRKA Associated Press LONDON (AP) — Northern Ireland’s first minister has resigned as tensions over Britain’s departure from the European Union  trigger a fresh political crisis in the region. Paul Givan stepped aside Thursday after one of his ministers tried to block the inspection of goods arriving from other parts of the U.K.

By DAVID KOENIG AP Airlines Writer A congressional committee is looking into the controversy over the launch of new high-speed wireless service and whether it poses any threat to airline safety. A House committee on Thursday heard testimony from the head of the Federal Aviation Administration, airline groups and a trade group for telecommunications companies.

MEXICO CITY (AP) — Workers at a General Motors assembly plant in northern Mexico have voted for a new independent union to represent them after ousting an old guard union last year. The vote among the roughly 6,500 employees of GM transmission and pickup plants in the northern Mexico city of Silao was a major

ZAGREB, Croatia (AP) — The United States has delivered two Black Hawk helicopters to Croatia, which is engaged in a mini arms race with neighboring Russian ally Serbia amid simmering tensions in the post-war Balkan region. The U.S. Embassy in Croatia’s capital, Zagreb, said Thursday the donated UH-60M multi-purpose helicopters will contribute to Croatia’s growing

By RICARDO ALONSO-ZALDIVAR Associated Press WASHINGTON (AP) — The Biden administration says people with Medicare will be able to get up to eight free over-the-counter COVID-19 tests per month, starting in early spring. It’s seeking to fill a frustrating gap in coverage for coronavirus tests. Last month, the administration directed private insurers to cover rapid

By LORNE COOK and SUZAN FRASER Associated Press BRUSSELS (AP) — The president of Turkey is offering to mediate talks between Russia and Ukraine. President Recep Tayyip Erdogan has close but sometimes difficult ties with Russian President Vladimir Putin. But he said Thursday that Turkey would be happy to host a summit meeting. His remarks

By BARBARA ORTUTAY AP Technology Writer Meta is putting a lot of virtual eggs — and billions of dollars — into the metaverse basket, and Wall Street is spooked. Shares of the company formerly known as Facebook saw a historic plunge Thursday after it reported a rare profit decline due to a sharp rise in