Latest Business News
Los Angeles man admits selling ghost guns, 17 pounds of meth
LOS ANGELES (AP) — A 27-year-old Los Angeles man has pleaded guilty to federal charges for selling 17 pounds (7.7 kilos) of methamphetamine and 89 firearms, including dozens of untraceable “ghost guns,” prosecutors said. Julio Ernesto Lopez-Menendez could face life in prison...
Evacuations urged in Ohio town as train wreck smolders
EAST PALESTINE, Ohio (AP) — A smoldering tangle of dozens of derailed freight cars, some carrying hazardous materials, has kept an evacuation order in effect in Ohio near the Pennsylvania state line as environmental authorities warily watch air quality monitors. About 50 cars...
'Knock at the Cabin' knocks off 'Avatar' at the box office
NEW YORK (AP) — For the first time in almost two months, the box office doesn't belong to blue people. After seven weeks as the top film in theaters, “Avatar: The Way of Water” was finally knocked out of the No. 1 spot by the M. Night Shyamalan thriller “Knock at the...
Ally Financial expands NASCAR spend with 2 new partnerships
LOS ANGELES (AP) — Ally Financial has expanded its growing portfolio as a top NASCAR sponsor with a deal to become the official bank of the stock car series and NASCAR-owned race tracks. The multiyear deal was announced Sunday ahead of NASCAR's exhibition extravaganza at the Los...
Biden's State of the Union to tout policy wins on economy
WASHINGTON (AP) — President Joe Biden will use his second State of the Union address on Tuesday to remind Americans of how their lives have been improved over his first two years in office, as he tries to confront pessimism in the country and navigate the tricky politics of a newly divided...
Europe bans Russian diesel, other oil products over Ukraine
FRANKFURT, Germany (AP) — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin's fossil fuel earnings as punishment for invading Ukraine. The ban comes along with a price cap...
How will EU ban and West's price cap on Russian diesel work?
FRANKFURT, Germany (AP) — The European Union is taking another big step toward cutting its energy ties with Russia. The 27-nation bloc is banning Russian refined oil products like diesel fuel and joining the U.S. and other allies in imposing a price cap on sales to non-Western countries. ...
It wasn’t me: Ex-UK PM Truss blames 'system' for her failure
LONDON (AP) — Former British Prime Minister Liz Truss says her failure wasn't her fault. Truss on Sunday blamed a “powerful economic establishment” and internal Conservative Party opposition for the rapid collapse of her government, and said she still believes her tax-cutting...
EU migration impasse leaves many refugees out in the cold
BRUSSELS (AP) — Some refugees and asylum-seekers in Brussels have been spending months in between the Street of Palaces and the Small Castle — quite literally. Unfortunately, it's not a dream come true at the end of their fearful flight from halfway across the globe. It's a...
India's G-20 energy meet to balance renewables, fossil fuels
BENGALURU, India (AP) — Over 500 energy industry heavyweights and 30,000 participants will descend on the southern Indian city of Bengaluru on Monday to discuss the future of renewables and fossil fuels at India Energy Week — the first big ticket event of the country's presidency of the Group...
