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Business

Factory or farm? Oregon may alter land use for chipmakers

NORTH PLAINS, Ore. (AP) — Aaron Nichols walked past rows of kale growing on his farm, his knee-high brown rubber boots speckled with some of the richest soil on earth, and gazed with concern toward fields in the distance. Just over the horizon loomed a gigantic building of the semiconductor ...

Tax the rich? Chicago mayoral hopefuls debate city budget

CHICAGO (AP) — Ken Kunz used to know everyone in the North Side Chicago neighborhood where he’s lived for more than 40 years. But crossing paths with old friends is rare these days because longtime residents have been pushed out by new development and soaring property taxes. When they do ...

Horse racing’s anti-doping program starts Monday

Horse racing’s efforts to clean up the sport and level the playing field take another step forward Monday with the launch of a new anti-doping program. It’s an attempt to centralize the drug testing of racehorses and manage the results, as well as dole out uniform penalties to horses and ...

Lawmakers tell ex-CEOs ‘you must answer’ for bank failures

WASHINGTON (AP) — Leaders of the Senate’s banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: “you must answer for the bank’s ...

First Republic Bank shares slide in volatile trading session

(AP) — Shares of First Republic Bank fell another 47% Monday as investors remain uneasy about the bank's financial condition even after a group of the nation's largest financial institutions teamed up on a $30 billion rescue package. Trading in First Republic shares was halted numerous ...

Yellen tells Congress U.S. banking system ‘remains sound’

WASHINGTON (AP) — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits. Her remarks, ...