AP National Business

NEW YORK (AP) — Current and former Boeing directors have settled a shareholder lawsuit that accuses the directors of poor oversight before two of the company’s jets crashed, killing 346 people. The settlement in the shareholder lawsuit was filed Friday in a Delaware court. Insurers for the directors will pay more than $230 million. The

By GENE JOHNSON Associated Press SEATTLE (AP) — The company that runs a for-profit immigration jail in Washington state has suspended its detainee work program, rather than pay the detainees minimum wage for cooking, cleaning and other tasks. A federal jury last week ruled that the GEO Group must pay the detainees minimum wage instead

PORT-AU-PRINCE, Haiti (AP) — Haiti’s fuel crisis is deepening, with the country’s Professional Association of Banks announcing that a shortage of petroleum is forcing institutions to cut their hours and days as dozens of gas stations across the capital remain closed. The association said Friday that starting next week, banks will operate only three days

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — U.S. stocks pushed further into record heights on Friday following an encouraging report on hiring across the country. The S&P 500 closed 0.4% higher, clinching an all-time high for the seventh straight day. Trading was scattershot, though, and after climbing to

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — Peloton has suffering its worst day as a publicly traded company. The sell-off came after the exercise bike and treadmill company told investors that it will likely lose more money than it had expected in fiscal 2022. Peloton thrived during the pandemic, recording its

Stocks that traded heavily or had substantial price changes Friday: Expedia, Pfizer rise; Peloton, Emergent BioSolutions fall.

By DAMIAN J. TROISE and STAN CHOE AP Business Writers NEW YORK (AP) — U.S. stocks pushed further into record heights on Friday following an encouraging report on hiring across the country. The S&P 500 closed 0.4% higher, clinching an all-time high for the seventh straight day. Trading was scattershot, though, and after climbing to

By JOSH BOAK Associated Press WASHINGTON (AP) — The U.S. economy was supposed to help President Joe Biden and Democrats, but as of late it’s been hurting them with voters. Americans have turned pessimistic about the economy as inflation has persisted. On Tuesday, voters in Virginia rewarded Republican Glenn Youngkin with a win in the

By DAVID A. LIEB, GEOFF MULVIHILL and ANDREW DeMILLO Associated Press JEFFERSON CITY, Mo. (AP) — The attorneys general of 27 states have filed federal lawsuits challenging a vaccine mandate for employers issued by the Biden administration. They generally contend that the authority to compel vaccinations rests with the states, not the federal government. The

BROOKLINE, Mass. (AP) — Aaron Feuerstein has died at age 95 after a life in which he gained fame for continuing to pay workers at his Massachusetts textile mill even after a fire shuttered operations. Feuerstein died Thursday night of complications from a fall days before at his home in Brookline. He used to own

By DAN PARKS of The Chronicle of Philanthropy Chronicle of Philanthropy Angela Williams has taken the helm of the nation’s largest charity with a powerhouse resume behind her — and a long list of challenges in front of her. As the first woman and the first African American to lead United Way Worldwide, she must

ATLANTA (AP) — The son of R&B legend Gladys Knight has been sentenced to serve two years in prison for failing to withhold payroll taxes for the restaurants that bore his mother’s name. Shanga Hankerson opened his first restaurant, Gladys Knight’s Chicken and Waffles, in Atlanta in 1997. Over the next several years, he opened

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — Peloton is suffering its worst day as a publicly traded company after telling investors that it will likely lose more money than it had expected in fiscal 2022. Peloton thrived during the pandemic, recording its first and only profitable quarters with Americans unable to

KYIV, Ukraine (AP) — Ukraine has filed charges of espionage and attempted state overthrow against five people who were allegedly part of a hackers group controlled by Russia. The Security Service of Ukraine said Friday that the hackers group known as “Armagedon” was responsible for some 5,000 cyberattacks on Ukrainian state agencies since 2014. The

By DAMIAN J. TROISE AP Business Writer Stocks rose broadly in afternoon trading on Wall Street Friday as traders welcomed news of a rebound in hiring by U.S. employers last month. The S&P 500 rose 0.3% and is on track for its best week since July. The Dow Jones Industrials rose 0.5% and the Nasdaq

By RAF CASERT Associated Press BRUSSELS (AP) — The United Kingdom has rejected European Union proposals to streamline the trade of goods in Northern Ireland as insufficient. The situation further aggravates a standoff between both sides and brings the prospect of a post-Brexit trade war closer. The U.K. government said after unsuccessful talks between its

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers boosted their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession is overcoming a virus-induced slowdown. The unemployment rate fell to 4.6% last month from 4.8% in September. The jobs report

The Associated Press Stocks are opening broadly higher Friday as traders welcome news of a rebound in hiring by U.S. employers last month. The S&P 500, Dow Jones Industrials and the Nasdaq were all up about 0.6%. Small-company stocks, which stand to benefit greatly from further gains in the economy, were up more than twice

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — America’s employers stepped up their hiring in October, adding a solid 531,000 jobs, the most since July and a sign that the recovery from the pandemic recession may be overcoming a virus-induced slowdown. Friday’s report from the Labor Department also showed that the unemployment rate fell