AP National Business

By TALI ARBEL AP Technology Writer The Justice Department is suing to block a $2.2 billion book publishing deal that would have reshaped the industry. It says consolidation would hurt authors and readers. German media giant Bertelsmann’s Penguin Random House is already the largest American publisher. It wants to buy New York-based Simon & Schuster,

By EMILIO MORENATTI and JOSEPH WILSON Associated Press LAS MANCHAS DE ABAJO, Canary Islands (AP) — Antonio Álvarez lost his home and two business. Then he had to watch the lava devour the dozen acres he dedicated to growing the Canary Island banana. Álvarez is one of thousands of farmers and workers on Spain’s La

By FRANK JORDANS and JILL LAWLESS Associated Press GLASGOW, Scotland (AP) — World leaders are promising to protect Earth’s forests, cut methane emissions and help South Africa wean itself off coal at the U.N. climate summit. The flurry of deals announced Tuesday are intended to avert catastrophic global warming. Britain hailed the commitment by more

BERLIN (AP) — Outgoing German Chancellor Angela Merkel’s center-right party is turning to a ballot of its entire membership to choose a new leader after crashing to defeat and its worst-ever national election result in September. It expects to have a new leader by late January. It will be the first time that the Christian

By DAMIAN J. TROISE AP Business Writer Stocks were mixed in morning trading on Wall Street Tuesday ahead of more news this week on the Federal Reserve and the jobs market. The S&P 500 rose 0.3%., though the index was roughly split between gainers and losers. The Dow Jones Industrial Average and the Nasdaq rose

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — Shares of Tesla Inc. tumbled almost 4% in midday trading on Tuesday after its CEO and founder Elon Musk tweeted that a contract to sell 100,000 cars to Hertz had not been signed, suggesting the deal had not been finalized. Shortly after the market

The Associated Press Stocks are off to a mixed start on Wall Street Tuesday ahead of more news this week on the Federal Reserve and the jobs market. The S&P 500 edged up 0.1% in the first few minutes of trading, and the Dow Jones Industrial Average and the Nasdaq were little changed. Small-company stocks

By PAN PYLAS Associated Press LONDON (AP) — BP reported soaring profits Tuesday on the back of surging oil and gas prices as the global economy recovers from the coronavirus pandemic. The British energy giant also warned that gas markets would remain “tight” over the coming months, which will likely further pressure household budgets. The

By The Associated Press The Asian Development Bank says it has won commitments of $665 million to support climate-related projects in Southeast Asia. The Manila, Philippines-based lender manages a regional platform that has targeted a total of $7 billion for such spending. It says the new funding announced at the U.N. climate summit in Glasgow,

By DANICA KIRKA Associated Press GLASGOW, Scotland (AP) — The mayors of Seattle and Freetown in Sierra Leone greeted each other like long lost sisters on a train hurtling toward the U.N. climate conference in Glasgow. They have been bonded by years of Zoom calls and collaboration in the fight against climate change, even though

By MATT OTT AP Business Writer SILIVER SPRING, Md. (AP) — Electric vehicle maker Nuro said Tuesday it had secured $600 million in funding from Google, Kroger and others to continue the development of its autonomous delivery vehicle service. The Silicon Valley robotics company has already made thousands of grocery deliveries with Kroger as a

By DARIA LITVINOVA Associated Press MOSCOW (AP) — Coronavirus deaths in Russia hit another daily record several days after a nationwide order for many Russians to stay off work took effect. Russia’s state coronavirus task force on Tuesday reported 39,008 new confirmed cases and 1,178 COVID-19 deaths. The task force has reported record daily infections

By ZEN SOO Associated Press HONG KONG (AP) — Yahoo Inc. says it has pulled out of China, citing an “increasingly challenging business and legal environment.” The company says its services were no longer accessible in mainland China as of Nov. 1. Yahoo is the second large U.S. technology company in recent weeks to reduce

By LUIS ANDRES HENAO and JESSIE WARDARSKI Associated Press POINTE-AUX-CHENES, Louisiana (AP) — Faith leaders and activists across the world are increasingly joining the fight against climate change driven by a moral imperative to preserve creation for future generations. Christian pastors have joined forces with Native American tribes to protect their hurricane-prone coastal lands as

By MATT OTT AP Business Writer SILVER SPRING, Md. (AP) — Shares of Tesla Inc. tumbled around 4% in premarket trading after its CEO and founder Elon Musk tweeted that a deal to sell 100,000 cars to Hertz had not been signed, suggesting it was not final. Shortly after the market close yesterday, an account

By KRISTI EATON Associated Press One hotel in Mexico has an “Instagram concierge” to help guests with their selfie game. A hotel in Aruba has a “carbon offset concierge” to help guests relax by addressing their concerns over the environmental impact their travels have had. And a hotel in Portland, Oregon, is creating a “concierge

By TOM KRISHER AP Auto Writer DETROIT (AP) — Tesla has issued a recall that automatically sent a software update fixing a safety problem in its electric vehicles. The recall announced Tuesday apparently heads off a looming confrontation with U.S. safety regulators. It covers nearly 12,000 Teslas with a glitch in the “Full Self-Driving” software

By ZEN SOO Associated Press HONG KONG (AP) — Yahoo Inc. says it is pulling out of China, citing an “increasingly challenging business and legal environment.” The company said Tuesday in a statement that its services will no longer be accessible from mainland China as of Nov. 1. Yahoo is the second large U.S. technology

By TOM MURPHY AP Health Writer Pfizer is hiking sales expectations for its top-selling COVID-19 vaccine again, and its early look at 2022 also falls well above Wall Street forecasts. The drugmaker says it now expects to book about $36 billion in revenue from Comirnaty this year. That’s about 7% higher than what Pfizer forecast