Latest Business News

House Dems propose $28 million to address formula shortage

May. 17, 2022 17:50 PM EDT

WASHINGTON (AP) — House Democrats unveiled a $28 million emergency spending bill Tuesday to address the shortage of infant formula in the United States. Rep. Rosa DeLauro, the Democratic chair of the House Appropriations Committee, said the money would increase Food and Drug...

In Buffalo, Biden mourns victims, says 'evil will not win'

May. 17, 2022 17:45 PM EDT

BUFFALO (AP) — President Joe Biden mourned with Buffalo’s grieving families on Tuesday, then exhorted the nation to reject what he angrily labeled the poison of white supremacy. He said the nation must “reject the lie” of the racist “replacement theory” espoused by the shooter who...

Buffalo suspect: Lonely, isolated -- with a troubling sign

May. 17, 2022 17:33 PM EDT

CONKLIN, N.Y. (AP) — In the waning days of Payton Gendron’s COVID-altered senior year at Susquehanna Valley High School, he logged on to a virtual learning program in economics class that asked: “What do you plan to do when you retire?” “Murder-suicide,” Gendron typed. ...

Musk wars with Twitter over his buyout deal - on Twitter

May. 17, 2022 17:29 PM EDT

Tesla CEO Elon Musk promised that taking over Twitter would enable him to rid the social media platform of its annoying “spam bots." Now he's arguing — without presenting any evidence — that there might be just too many of those automated accounts for the $44 billion deal to move ahead. ...

Dusty demise for NASA Mars lander in July; power dwindling

May. 17, 2022 17:18 PM EDT

CAPE CANAVERAL, Fla. (AP) — A NASA spacecraft on Mars is headed for a dusty demise. The Insight lander is losing power because of all the dust on its solar panels. NASA said Tuesday it will keep using the spacecraft’s seismometer to register marsquakes until the power peters...

Firefighters demoted for drug use after death investigation

May. 17, 2022 17:14 PM EDT

NEW BRITAIN, Conn. (AP) — One New Britain fire official has been fired and seven other firefighters have been disciplined following an investigation into drug use at firehouses around the Connecticut city, the mayor said. The investigation began after the apparent drug-related...

Environmentalists oppose more life for California nuke plant

May. 17, 2022 17:05 PM EDT

LOS ANGELES (AP) — Dozens of environmental and anti-nuclear organizations expressed opposition Tuesday to any attempt to extend the life of California’s last operating nuclear power plant, challenging suggestions that its electricity is needed to meet potential future shortages in the nation's...

Markets shake off doldrums as traders get back to buying

May. 17, 2022 16:57 PM EDT

NEW YORK (AP) — Stocks bounced back after a lackluster start to the week with a broad rally Tuesday as traders got back to buying again after a mostly miserable few weeks on Wall Street. The S&P 500 rose 2%, with more than 90% of the companies in the benchmark index notching...

Fall of Mariupol appears at hand; fighters leave steel plant

May. 17, 2022 16:56 PM EDT

KYIV, Ukraine (AP) — Mariupol appeared on the verge of falling to the Russians on Tuesday as Ukraine moved to abandon the steel plant where hundreds of its fighters had held out for months under relentless bombardment in the last bastion of resistance in the devastated city. The...

Minnesota to pay $1.5M to man arrested during Floyd protest

May. 17, 2022 16:45 PM EDT

MINNEAPOLIS (AP) — Minneapolis has agreed to pay $1.5 million to a man who said police used excessive force when he was arrested during the protests that followed George Floyd’s death in 2020, according to court documents filed Tuesday. Jaleel Stallings, 29, also alleged in his...