Latest Business News

Russia claims to have taken full control of Mariupol

May. 20, 2022 22:53 PM EDT

POKROVSK, Ukraine (AP) — Russia claimed to have captured Mariupol on Friday in what would be its biggest victory yet in its war with Ukraine, after a nearly three-month siege that reduced much of the strategic port city to a smoking ruin, with over 20,000 civilians feared dead. ...

Boeing docks crew capsule to space station in test do-over

May. 20, 2022 22:24 PM EDT

CAPE CANAVERAL, Fla. (AP) — With only a test dummy aboard, Boeing’s astronaut capsule pulled up and parked at the International Space Station for the first time Friday, a huge achievement for the company after years of false starts. With Starliner’s arrival, NASA finally...

Final-hour rally yanks Wall Street from maw of bear market

May. 20, 2022 21:57 PM EDT

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much...

Jacksonville State offensive coordinator Calvin Magee dies

May. 20, 2022 21:01 PM EDT

JACKSONVILLE, Ala. (AP) — Jacksonville State offensive coordinator Calvin Magee has died. He was 59. The school said the longtime college football coach died on Friday but didn't release the cause of death. New Jacksonville State coach Rich Rodriguez hired Magee in...

Pa. Senate GOP primary too close to call, recount likely

May. 20, 2022 20:55 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania’s Republican primary for an open U.S. Senate seat is too close to call and is likely headed for a statewide recount to decide the winner of the contest between heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick. ...

The AP Interview: US trade rep. sees opportunity in recovery

May. 20, 2022 20:13 PM EDT

BANGKOK (AP) — With world economies all suffering from more than two years of the coronavirus pandemic and global supply problems exacerbated by Russia’s invasion of Ukraine, the United States has an “incredible opportunity” to engage with other nations on a common playing field and forge...

Spokesman: Hospital treating 23 people hurt in Michigan tornado; at least one person was killed

May. 20, 2022 19:56 PM EDT
GAYLORD, Mich. (AP) — Spokesman: Hospital treating 23 people hurt in Michigan tornado; at least one person was killed.

Dubai developer to buy Florida condo collapse site for $120M

May. 20, 2022 19:46 PM EDT

A billionaire developer from Dubai is set to purchase the site of a South Florida condominium that collapsed last June, killing 98 people, for $120 million after no other bids were submitted by the Friday evening deadline for next week's auction. Michael Fay, of Avison Young, said...

Interstatedaydream wins Black-Eyed Susan Stakes at Pimlico

May. 20, 2022 19:43 PM EDT

BALTIMORE (AP) — Interstatedaydream's owner and trainer decided to skip the Kentucky Oaks two weeks ago. That paid dividends at the Black-Eyed Susan Stakes at Pimlico Race Course on Friday. With jockey Florent Geroux aboard, the well-rested filly was able to hold off race favorite...

ACC revenue up in 2020-21 with Notre Dame in football chase

May. 20, 2022 19:22 PM EDT

GREENSBORO, N.C. (AP) — The Atlantic Coast Conference reported a record total of $578.3 million in revenue for the 2020-21 fiscal year with the addition of Notre Dame as a full football member for one season amid the COVID-19 pandemic. The league’s tax filing released Friday...