Latest Business News
Russia: gas pipeline to Germany at risk after US sanctions
MOSCOW (AP) — Russian state gas company Gazprom acknowledged there is a risk that its undersea pipeline to Germany could be suspended or canceled after the U.S. on Tuesday imposing sanctions on a Russian ship involved in its construction. Germany’s Economy Ministry said it had been informed in...
Lumentum buys Coherent in $5.7B push into lasers, photonics
Lumentum Holdings will spend $5.7 billion in cash and stock to buy Coherent and expand its reach into lasers and photonics. The San Jose, California, company said Tuesday that it would pay a 49% premium to the closing price of Coherent shares on Friday. The deal includes $100 in cash and slightly more than one...
Wall Street's momentum swings back as stocks, yields tick up
NEW YORK (AP) — Stocks are ticking higher on Wall Street Tuesday, recovering some of last week’s losses to pull closer to their record highs. The S&P 500 was up 0.5% in morning trading and back within 1% of its record set earlier this month. The Dow Jones Industrial Average was up 128 points,...
The Latest: Wisconsin vaccine plan excludes grocery workers
MADISON, Wis. — Wisconsin’s plan for the next phase of coronavirus vaccinations covers essential workers, including teachers, child care providers, law enforcement officers and hospital staff who aren’t on the front lines. In Wisconsin, it doesn’t include grocery store employees, as...
Pandemic support at center of Yellen confirmation hearing
WASHINGTON (AP) — The Senate Finance Committee has begun its confirmation hearing for Treasury Secretary-nominee Janet Yellen with Democrats and Republicans squaring off immediately over how much more support the economy, hammered during the pandemic, requires. Sen. Ron Wyden, D-Oregon, who is scheduled...
Bank of America 4Q profit falls 18% on lower interest rates
CHARLOTTE, N.C. (AP) — Bank of America’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results. However the bank was able to release more than $800 million from its credit reserves, a sign that it sees the U.S. economy improving in the coming months. The...
Meghan seeks court ruling over 'serious breach' of privacy
LONDON (AP) — Lawyers for the Duchess of Sussex asked a British judge on Tuesday to settle her lawsuit against a newspaper before it goes to trial by ruling that its publication of a “deeply personal” letter to her estranged father was “a plain and a serious breach of her rights of...
GM teams up with Microsoft on driverless cars
SILVER SPRING, Md. (AP) — General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous...
Trident Seafoods reports 4 COVID-19 cases at plant in Alaska
SEATTLE (AP) — A Seattle-based seafood company has reported that four workers at its Alaska seafood plant tested positive for COVID-19, including one who was taken to a hospital. Trident Seafoods reported that the four employees were all roommates and have returned to work after undergoing a 14-day...
New books with buzz? Dozens excerpted in free e-preview
NEW YORK (AP) — Excerpts from upcoming works by Pulitzer Prize-winner Viet Thanh Nguyen and crime writer Lisa Scottoline are among 46 books previewed in a free e-book collection. “Buzz Books 2021: Spring/Summer” was released Tuesday by the industry newsletter Publishers Lunch. Besides...
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