AP National Business

By DAVID KOENIG AP Airlines Writer DALLAS (AP) — American and Southwest Airlines are reporting that they made profits in the third quarter, thanks to large amounts of government pandemic relief. The airlines said Thursday they are expecting strong traffic over the holidays if cases of COVID-19 keep declining. The highly contagious delta variant cut

By KATHLEEN RONAYNE Associated Press SACRAMENTO, Calif. (AP) — California’s oil regulator wants to ban new oil and gas drilling within 3,200 feet of schools, homes and hospitals to protect public health. The draft rule released Thursday would be the nation’s largest buffer zone between drilling and community sites if adopted. Environmental groups and Democratic

By LAURAN NEERGAARD and MIKE STOBBE Associated Press WASHINGTON (AP) — A government panel of experts is meeting to decide how best to expand the nation’s COVID-19 booster campaign. The panel for the Centers for Disease Control and Prevention is discussing Thursday who should get extra doses of the Moderna and Johnson & Johnson vaccines

By MICHELLE CHAPMAN AP Business Writer WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago. WeWork is emerging more than a year into a pandemic that closed millions of square feet off office space and the hope is that a work environment

By DAMIAN J. TROISE and ALEX VEIGA AP Business Writers Stocks wobbled in afternoon trading on Wall Street Thursday, keeping the S&P 500 near the record high it reached in early September. Banks and energy companies fell, but gains in companies that rely on consumer spending and health care stocks helped keep the losses in

By GEIR MOULSON Associated Press BERLIN (AP) — The three parties that hope to form Germany’s new government say they aim to have the country’s next chancellor in place in early December, but acknowledge that they face a complex task. The center-left Social Democrats, environmentalist Greens and pro-business Free Democrats opened formal coalition talks following

By TOM KRISHER AP Auto Writer DETROIT (AP) — A driver was behind the wheel when a Tesla electric car crashed and burned last April near Houston, killing two men, neither of whom was found in the driver’s seat. The U.S. National Transportation Safety Board announced the findings in an investigative report released Thursday on

By ALEX VEIGA AP Business Writer Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as worries about higher mortgage rates motivated buyers to get off the sidelines. The National Association of Realtors said Thursday that existing homes sales rose 7% last month from August to a seasonally-adjusted

BERLIN (AP) — A German report says elaborate tax evasion schemes have cost some of the world’s major treasuries a total of at least $175 billion in lost revenue over the past two decades. The report Thursday coordinated by German outlet Correctiv followed up on a 2018 story that had put the damage at around

By MIKE STOBBE AP Medical Writer NEW YORK (AP) — U.S. health officials say a salmonella outbreak tied to onions has sickened more than 650 people in 37 states. The Centers for Disease Control and Prevention says at least 129 people have been hospitalized. No one has died. Nearly all of the illnesses were reported

The Associated Press Stocks are off to a mostly lower start on Wall Street Thursday, a day after the S&P 500 and the Dow Jones Industrials approached the record highs they set this summer. The S&P 500 was off 0.2% in the early going, and technology companies were weighing most heavily on the index. IBM

DETROIT (AP) — Volvo is recalling another 195,000 vehicles in the U.S. because the front driver’s air bags could explode and send shrapnel into the cabin. It’s the company’s third U.S. recall for the issue with air bag inflators made by supplier ZF/TRW. It stems from the death of an unidentified U.S. driver. In all,

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Union Pacific hauled in 23% more profit in the third quarter even though the total number of shipments it delivered remained flat overall. The Omaha, Nebraska-based railroad said Thursday that it made $1.67 billion, or $2.57 per share in the quarter. That’s up from $1.36

By ALEX VEIGA AP Business Writer LOS ANGELES (AP) — Mortgage rates are hovering near all-time lows, but that could begin to change. The Federal Reserve is poised to start dialing back monthly bond purchases that have helped keep mortgage rates at ultra-low levels for much of the last 18 months. Economists expect the average

ISTANBUL (AP) — The Turkish lira has plunged to a record low against the U.S. dollar after a harsher-than-expected cut in interest rates. The decision Thursday by the Central Bank’s monetary committee to cut the rate from 18% to 16% surprised analysts. The lira dropped to 9.45 to the dollar, compounding a long run of

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week to a new low point since the pandemic erupted, evidence that layoffs are declining as companies hold onto workers. Unemployment claims dropped 6,000 to 290,000 last week, the third straight drop, the Labor Department said

PARIS (AP) — Facebook says it’s struck a deal with a group of French publishers to pay for links to their news stories that are shared by people on the social network. The company said Thursday that it inked the licensing agreement with a group representing 300 French publishers to “improve the quality of online

By MICHELLE CHAPMAN AP Business Writer WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago. WeWork is emerging more than a year into a pandemic that closed millions of square feet off office space and the hope is that a work environment

FORT WORTH, Texas (AP) — American Airlines earned $169 million in the third quarter, but the delta variant of COVID-19 slowed down its recovery from the pandemic. The third-quarter profit was possible because American got nearly $1 billion in pandemic relief from the federal government. American said Thursday that revenue in the fourth quarter will