AP National Business

STOCKHOLM (AP) — Three U.S-based economists have won the 2021 Nobel prize for economics for pioneering research on the labor market impacts of minimum wage, immigration and education, and for creating the scientific framework to allow conclusions to be drawn from such studies that can’t use traditional methodology. Monday’s winners were David Card of the

By MATTHEW PERRONE AP Health Writer WASHINGTON (AP) — Drugmaker Merck has asked U.S. regulators to authorize its promising antiviral pill against COVID-19, setting the stage for a decision within weeks. If cleared by the Food and Drug Administration, it would be the first pill shown to treat COVID-19, adding a new, easy-to-use weapon to

By DAVID BAUDER AP Media Writer NEW YORK (AP) — It’s not just old rock stars benefiting from the current trend of artists selling off rights to their work. The heirs of Bing Crosby have reached a deal, estimated at more than $50 million, with the music marketing firm Primary Wave to try and introduce

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Global shares are mixed amid persisting worries about energy shortages and weaker than expected jobs growth in the U.S.  Shares fell in Paris, Frankfurt and Sydney but rose in Tokyo and London. Shanghai was flat. Surging demand has collided with supply and shipping constraints, among other

STOCKHOLM (AP) — The winner of the 2021 Nobel prize for outstanding work in the field of economics will be announced Monday. Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel. It was set up by the Swedish central bank in his memory in 1968, with the first

By COLLEEN BARRY Associated Press VENICE, Italy (AP) — The Italian glassblowers of Murano have survived plagues and pandemics. They transitioned to highly prized artistic creations to outrun competition from Asia. But surging energy prices are shattering their economic model. Dozens of furnaces that remain on the lagoon island where Venetian rulers transferred glassblowing 700

By ALAN SUDERMAN Associated Press RICHMOND, Va. (AP) — Most Americans across party lines have serious concerns about cyberattacks on U.S. computer systems and view China and Russia as major threats. That’s according to a new poll by The Pearson Institute and The Associated Press-NORC Center for Public Affairs Research finding that about 9 in

The Associated Press The Labor Department serves up its September reading of inflation at the consumer level Wednesday. UnitedHealth Group reports its third-quarter results Thursday. The Commerce Department issues its monthly tally of U.S. retail sales Friday.

By NICK PERRY Associated Press WELLINGTON, New Zealand (AP) — Most of New Zealand’s health care workers and teachers will soon be legally required to get vaccinated against the coronavirus. A new government mandate compels doctors, pharmacists, community nurses and many other health care workers to be fully vaccinated by December. Teachers and other education

By JEFFREY COLLINS Associated Press COLUMBIA, S.C. (AP) — A former utility executive is facing one final judge Monday before heading to prison, seeking permission to serve his sentence in federal prison rather than state prison. Former SCANA CEO Kevin Marsh is asking a state judge to approve the sentence his lawyers negotiated with prosecutors

By FRANK JORDANS Associated Press BERLIN (AP) — Dozens of large German companies have urged the country’s next government to put in place ambitious policies to meet the goals of the 2015 Paris climate accord. The 69 companies said in an open letter Monday that the next government needs to put Germany “on a clear

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Asian shares are mostly higher despite persisting worries about the region’s energy crunch and coronavirus infections. Benchmarks in Japan and China rose in afternoon trading, while South Korean markets were closed for a national holiday. Shares fell in Australia. Japan’s new prime minister, Fumio Kishida, calmed

By KIM TONG-HYUNG Associated Press SEOUL, South Korea (AP) — North Korea said leader Kim Jong Un urged officials to overcome a “grim situation” facing the country and make stronger efforts to improve the food and living conditions of his people. But state media didn’t mention any specific comments toward Washington and Seoul during his

By ROD McGUIRK Associated Press CANBERRA, Australia (AP) — Sydney hairdressers, gyms, cafés and bars have reopened to fully vaccinated customers for the first time in more than 100 days after Australia’s largest city achieved a vaccination benchmark. As of Monday, 73.5% of the New South Wales state population aged 16 and older have been

By ANNE D’INNOCENZIO AP Business Writer NEW YORK (AP) — Southwest Airlines canceled hundreds of flights over the weekend, blaming the woes on air traffic control issues and weather. The airline canceled more than 1,000 flights, or 29% of its schedule, as of 7 p.m. ET Sunday, according to flight tracker FlightAware. The cancellations mark

ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Toy and entertainment company Hasbro Inc. has announced that Brian D. Goldner is taking a medical leave of absence from his CEO role, effective immediately. The move, announced Sunday, follows Goldner’s disclosure in August 2020 that he was undergoing continued medical treatment for cancer since 2014.

By ANNE D’INNOCENZIO AP Business Writer NEW YORK (AP) — Southwest Airlines canceled hundreds of flights over the weekend, blaming the woes on air traffic control issues and weather. The airline canceled more than 1,000 flights, or 28% of its schedule as of 5 p.m. ET Sunday, according to flight tracker FlightAware. The cancellations mark

Associated Press CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline jumped 6 cents over the past two weeks, to $3.31 per gallon. That’s $1.07 more than a year ago. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday the rise comes as the cost of crude oil increases and demand goes

By ANNE D’INNOCENZIO AP Business Writer NEW YORK (AP) — Southwest Airlines canceled hundreds of flights over the weekend, blaming the woes on air traffic control issues and weather. The airline canceled more than 1,000 flights, or 28% of its schedule as of 2 p.m. ET Sunday, according to flight tracker FlightAware. The cancellations mark

By ANNE D’INNOCENZIO AP Writer NEW YORK (AP) — Facebook, in the aftermath of damning testimony that its platforms harm children, will be introducing several features including prompting teens using its photo sharing app Instagram to take a break, and nudging them if they repeatedly look at the same content that’s not conducive to their