AP National Business

By ELAINE KURTENBACH AP Business Writer Shares fell in Asia on Thursday after the release of worse inflation data than expected sparked heavy selling of technology stocks on Wall Street. Hong Kong’s benchmark fell 2.2% to 19385.47 following the arrests of several prominent democracy advocates, including a retired Roman Catholic cardinal. The arrests of Cardinal

By ELENA BECATOROS and JON GAMBRELL Associated Press ZAPORIZHZHIA, Ukraine (AP) — Ukraine offered to release Russian prisoners of war in exchange for the safe evacuation of the badly injured fighters trapped inside a steel mill in the ruined city of Mariupol, as Kyiv began preparing for its first war crimes trial of a captured

BEIJING (AP) — Several people were injured when a Chinese passenger jet left the runway upon takeoff and caught fire in western China. Tibet Airlines said the flight to the city of Nyingchi in the Tibetan Autonomous Region was preparing to take off from the western city of Chongqing. The Airbus jet had 113 passengers

By DEE-ANN DURBIN AP Business Writer Plant-based meat company Beyond Meat reported lower-than-expected revenue in the first quarter as it slashed prices and demand from restaurants fell. The El Segundo, California, company said its revenue rose 1.2% to $109.5 million in the January-March period. That fell short of Wall Street’s forecast. Beyond Meat’s shares tumbled

By KIM TONG-HYUNG and HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — North Korea imposed a nationwide lockdown Thursday to control its first acknowledged COVID-19 outbreak after holding for more than two years to a widely doubted claim of a perfect record keeping out the virus that has spread to nearly every place in

LAS VEGAS (AP) — Joyous bedlam erupted at an employee appreciation and awards buffet at The Cosmopolitan of Las Vegas when the resort chief executive announced that all 5,400 people who work there will receive a $5,000 bonus. Nine-year cafeteria cook Edgar Rives declared it amazing and a big surprise as he hand-slapped and hugged

FORT WORTH, Texas (AP) — A jury in Texas has cleared American Airlines of responsibility for an alleged sexual assault by a celebrity chef it hired against one of its flight attendants. In the verdict Wednesday, jurors in the civil lawsuit concluded that an assault occurred but that Fort Worth, Texas-based American was not at

By KIM TONG-HYUNG and HYUNG-JIN KIM Associated Press SEOUL, South Korea (AP) — North Korea announced its first coronavirus infection more than two years into the pandemic Thursday as leader Kim Jong Un called for raising COVID-19 preventive measures to maximum levels. The North’s official Korean Central News Agency said tests from an unspecified number

WASHINGTON (AP) — The Senate has confirmed economist Phillip Jefferson to the Federal Reserve’s Board of Governors. Jefferson is the latest addition to the panel after delays and setbacks for President Joe Biden’s other nominees. He becomes fourth Black man to serve on the Fed’s board, and he would join Lisa Cook, the first Black

By The Associated Press BURBANK, Calif. (AP) — The Walt Disney Co. missed Wall Street’s expectations for its fiscal second quarter, dinged by over $1 billion it paid in early termination fees for TV shows and films it wanted to use on its own streaming service. The remains in the crosshairs of Republican lawmakers and

By BERNARD CONDON Associated Press NEW YORK (AP) — The lease to the Washington hotel run by Donald Trump’s family company while he was president has been sold to a Miami-based investor fund. The Trump Organization said Wednesday that it has completed the sale of rights to run the Trump International Hotel to CGI Merchant

By JONATHAN MATTISE Associated Press NASHVILLE, Tenn. (AP) — The nation’s largest public utility plans to shut down a massive coal-fired power plant, but wants to replace it with natural gas. That would put the federal Tennessee Valley Authority out of step with President Joe Biden’s administration goal of a carbon-pollution-free energy sector by 2035.

By MATTHEW DALY Associated Press WASHINGTON (AP) — Commerce Secretary Gina Raimondo pushed back forcefully Wednesday against critics — including some within the Biden administration — who say a government investigation of solar imports from Southeast Asia is hindering President Joe Biden’s ambitious climate goals. Testifying on her department’s budget, Raimondo told a Senate panel

By The Associated Press Spirit Airlines shareholders will vote next month on whether to accept a buyout offer from Frontier Airlines. Spirit said in a regulatory filing Wednesday that the vote will take place June 10. Shareholders will be voting, in effect, whether to take Frontier’s bid and reject a higher offer from JetBlue Airways.

By The Associated Press BURBANK, Calif. (AP) — The Walt Disney Co. missed Wall Street’s expectations for its fiscal second quarter, dinged by over $1 billion it paid in early termination fees for TV shows and films it wanted to use on its own streaming service. The results came as the company continues to be

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA AP Business Writers NEW YORK (AP) — Stocks fell on Wall Street Wednesday, led by more drops in technology companies, after a report on inflation came in worse than feared. An early rally faded, leaving the S&P 500 1.6% lower after waffling between gains and losses

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Callaway, Alcon rise; Wendy’s, Fiverr International fall.

By FRANKLIN BRICEÑO and MATT O’BRIEN Associated Press LIMA, Peru (AP) — About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the lingua franca of the Inca Empire was nearly impossible before Google introduced it into its digital translation service Wednesday. The internet giant says new artificial intelligence