×

Business

Profits at big U.S. banks show few signs of industry distress

NEW YORK (AP) — The nation’s largest banks appear to be weathering the current turmoil in their industry just fine. Despite a pair of historical failures last month that put the nation’s banking industry into crisis mode, the nation’s biggest banks posted strong profits last quarter, ...

Officials: Paper mill worker dead from fungal infection

ESCANABA, Mich. (AP) — A contract worker at a northern Michigan paper mill has died from a fungal infection that has forced the business to temporarily close for deep cleaning. The death was announced Friday in a release by public health officials in Delta and Menominee counties which said ...

Zelenskyy calls for confiscating Russian Central Bank funds

WASHINGTON (AP) — In an appeal to the heads of the IMF and World Bank, Ukraine’s president on Wednesday renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine. “To charge the aggressor with compensation for damages,” ...

Small business owners feel the credit crunch

NEW YORK (AP) — When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze. After all, he was only seeking $50,000, ...

Juul Labs agrees to pay $462M settlement to 6 states

NEW YORK (AP) — Electronic cigarette-maker Juul Labs Inc. will pay $462 million to six states and the District of Columbia, marking the largest settlement the company has reached so far for its role in the youth vaping surge, the attorneys general in several states announced Wednesday. The ...

Stocks end mixed on Wall Street amid rate hike expectations

NEW YORK (AP) — Stocks were mixed Monday in their first trading after a report heightened speculation the Federal Reserve may tap the brakes a little harder on financial markets and the economy. The S&P 500 rose 4.09 points, or 0.1%, to 4,109.11. It did not trade on Friday, when data ...