Latest Business News
Young heiress distributes millions to organizations that help improve Austrian society
BERLIN (AP) — A young German-Austrian heiress has realized her plan to redistribute almost all of her assets to organizations that are devoted to protecting the climate, improving education and health care, or supporting gender equality among other issues. Marlene Engelhorn, 31,...
The European Union's top court rules that disinfectants can't be advertised as 'skin friendly'
BERLIN (AP) — The European Union's top court said Thursday that products such as disinfectants can't be advertised as “skin friendly.” The European Court of Justice issued its ruling after a German federal court sought its opinion in a case against a drugstore chain that sold a...
Kroger: Fiscal Q1 Earnings Snapshot
CINCINNATI (AP) — CINCINNATI (AP) — Kroger Co. (KR) on Thursday reported fiscal first-quarter profit of $947 million. On a per-share basis, the Cincinnati-based company said it had profit of $1.29. Earnings, adjusted for one-time gains and costs, came to $1.43 per share. ...
Stock markets buckle from Paris to Mumbai under stress of election results: Will the US be next?
NEW YORK (AP) — Elections have consequences for financial markets. But what that means for investors is often hard to predict. Just look at France, where the threat of electoral losses for the president’s centrist party recently sent the French stock market to its worst week in...
Jabil: Fiscal Q3 Earnings Snapshot
ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Thursday reported fiscal third-quarter profit of $129 million. The St Petersburg, Florida-based company said it had net income of $1.06 per share. Earnings, adjusted for restructuring costs and pretax...
Illegally brewed liquor kills at least 34 with dozens hospitalized in southern India
NEW DELHI (AP) — At least 34 people have died and dozens hospitalized after drinking illegally brewed liquor in the southern Indian state of Tamil Nadu, local media reported on Thursday. The state's chief minister M K Stalin said the 34 died after consuming liquor that was tainted...
EU envoys agree on more Russia sanctions. LNG imports are among the targets.
BRUSSELS (AP) — European Union ambassadors have reached agreement on a “powerful and substantial” new series of sanctions that are part of its ongoing response to Russia’s invasion of Ukraine, the bloc’s Belgian presidency said Thursday. “This package provides new...
OpenAI founder Sutskever sets up new AI company devoted to "safe superintelligence"
The Associated Press (AP) — Ilya Sutskever, one of the founders of OpenAI who was involved in a failed effort to push out CEO Sam Altman, said he's starting a safety-focused artificial intelligence company. Sutskever, a respected AI researcher who left the ChatGPT maker last...
Bank of England keeps main interest rate at 16-year high of 5.25% despite inflation fall
LONDON (AP) — The Bank of England on Thursday kept its main interest rate at a 16-year high of 5.25%, even though inflation has fallen to its target of 2%. In a statement, some policymakers on the bank’s nine-member Monetary Policy Committee voiced worries that some underlying...
Darden Restaurants: Fiscal Q4 Earnings Snapshot
ORLANDO, Fla. (AP) — ORLANDO, Fla. (AP) — Darden Restaurants Inc. (DRI) on Thursday reported fiscal fourth-quarter net income of $308.1 million. On a per-share basis, the Orlando, Florida-based company said it had profit of $2.57. Earnings, adjusted for non-recurring costs and to...
