AP National Business

By FRANK BAJAK and BARBARA ORTUTAY Associated Press Amazon’s cloud-service network suffered a major outage Tuesday, disrupting access to many popular sites. The service provides remote computing services to many companies, governments and universities and companies, including The Associated Press. For roughly five hours, companies dependent on Amazon’s web services network to run their operations

By ELAINE KURTENBACH AP Business Writer BANGKOK (AP) — Stocks have advanced in Asia after another broad rally on Wall Street as investors wagered that the new variant of the COVID-19 virus won’t pose a big threat to the economy. Oil prices fell back. Shares rose in Tokyo, Shanghai and Seoul, while Hong Kong was

TOKYO (AP) — Japan has downgraded its growth estimate for the last quarter, saying weaker consumer spending and trade resulted in a 3.6% contraction. The government’s revised estimate Tuesday compared with an earlier estimate of minus 3.0% growth. The world’s third-largest economy has been mired in recession and struggling to recover from the impact of

By HALELUYA HADERO AP Business Writer A spokesperson for the company that runs the philanthropy of Facebook’s Mark Zuckerberg and his wife, Priscilla Chan, said the company is investing up to $3.4 billion to advance human health over 10 to 15 years. The Chan Zuckerberg Initiative, or CZI, announced Tuesday its new effort is aiming

CORPUS CHRISTI, Texas (AP) — Federal investigators say a dredge operator’s inadequate communication, planning, and risk management likely led to a propane pipeline blast at a Texas port that killed five people last year. The National Transportation Safety Board reported its findings Tuesday on the August 2020 explosion in the Corpus Christi Ship Channel. The

By RANDALL CHASE Associated Press DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy issued a ruling Tuesday removing a former Delaware bankruptcy judge as a mediator. The judge said she was compelled to remove Kevin Carey after the Boy Scouts named him as the initial “special reviewer” who would

Associated Press Associated Press Amazon’s cloud-service network suffered a major outage Tuesday, the company said, disrupting access to many popular sites. The service provides remote computing services to many governments, universities and companies, including The Associated Press. For roughly five hours, companies dependent on Amazon’s web services network to run their operations struggled to find

By KEN RITTER Associated Press LAS VEGAS (AP) — One of the nation’s largest health insurance companies and its branches in Nevada have been found liable for $60 million in punitive damages for underpaying out-of-network emergency medical providers. A state court jury says three plaintiffs headed by urgent care staffing service TeamHealth should each receive

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Intel, AutoZone rise; Clorox, HealthEquity fall.

MEXICO CITY (AP) — Mexico’s Agriculture Department says it has reached agreement with U.S. authorities on a working plan to allow avocados from a second Mexican state to be exported to the United States. For almost 25 years, Mexico has been allowed to export avocados only from one western Mexico state — Michoacan. Under an

By DAMIAN TROISE and ALEX VEIGA AP Business Writers Stocks rose broadly on Wall Street Tuesday, adding to the market’s solid gains from a day earlier as investors wager that the new variant of the COVID-19 virus won’t pose a big threat to the economy. The S&P 500 rose 2.1% for its biggest gain since

By JOSH FUNK AP Business Writer Kellogg’s workers have overwhelmingly rejected a new contract that would have given them 3% raises, so the strike that began Oct. 5 will continue at the company’s four U.S. cereal plants. The union that represents the 1,400 workers released the results of the contract vote on Tuesday. Besides the

By MATTHEW DALY and DAVID PITT Associated Press WASHINGTON (AP) — The Biden administration has lowered annual production requirements for ethanol and other biofuels to account for reduced demand as a result of the coronavirus pandemic. At the same time, the administration is moving to reject requests by small oil refineries to be exempted from

By JOSH BOAK Associated Press President Joe Biden says Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency will be withdrawn. Her candidacy has faced steep resistance in the Senate with Republican lawmakers criticizing her vision for banking regulation and her birthplace in the former Soviet Union. Omarova is a law

WASHINGTON (AP) — The U.S. Treasury Department is proposing a new disclosure rule as part of efforts to combat corruption and terrorism. The proposal requires companies to identify who owns or controls their operations. As of now, many companies only need to disclose who formed the enterprise. Treasury Secretary Janet Yellen says the proposal will

WASHINGTON (AP) — The U.S. Treasury Department is proposing a new disclosure rule as part of efforts to combat corruption and terrorism. The proposal requires companies to identify who owns or controls their operations. As of now, many companies only need to disclose who formed the enterprise. Treasury Secretary Janet Yellen says the proposal will

The Associated Press Stocks are off to a solid start on Wall Street Tuesday as investors continue to wager that the new variant of the COVID-19 virus won’t pose a big threat to the economy. The S&P 500 rose 1.4% in the first few minutes of trading, adding to its gains from a day earlier.

By GLENN GAMBOA AP Business Writer Thousands of Airbnb hosts have agreed to house refugees as part of the online lodging marketplace’s philanthropic program to provide emergency temporary housing to those who need it. It’s a program so successful it is seen as a model for those working to resettle refugees and has become a

By JAMES BROOKS Associated Press COPENHAGEN, Denmark (AP) — Workshops where non-professionals with a bug for fixing things can share equipment and experience with each other as well as the less handy are held on a regular basis in Denmark. The non-profit Repair Café Denmark stages up to 15 weekly “repair cafes” where volunteer repairers