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29 minutes ago

Alaska Air Group, Evergy fall; Spotify, Uber rise, Monday, 12/4/2023

Stocks that are trading heavily or have substantial price changes on Monday: Alaska Air Group, Evergy fall; Spotify, Uber rise
29 minutes ago
1 hour ago

Supreme Court to hear Purdue Pharma bankruptcy case

ABC News business reporter Alexis Christoforous reports on the major bankruptcy settlement for Purdue Pharma, the maker of opioid painkiller OxyContin.
1 hour ago
VIDEO: Supreme Court to hear Purdue Pharma bankruptcy case
2 hours ago

Former top Ohio utility regulator surrenders in $60 million bribery scheme

Ohio’s former top utility regulator has surrendered in connection with a $60 million bribery scheme
2 hours ago
FILE - This undated file photo provided by the Ohio Governor's office shows Sam Randazzo, the former Public Utilities Commissioner of Ohio. Randazzo, Ohio’s former top utility regulator, surrendered Monday, Dec. 4, 2023, in connection with a $60 million bribery scheme related to a legislative bailout for two Ohio nuclear power plants that has already resulted in a 20-year prison sentence for a former state House speaker. (AP Photo/Ohio Governor's office via AP, File)
2 hours ago

Death toll from mining tragedy in South Africa rises to 13 after worker dies

The death toll from a mining tragedy last week in South Africa that involved an elevator at a mine has risen to 13 after a worker died at a hospital
2 hours ago
This is an undated photograph of Impala Platinum mine shaft 11, provided by Implats on Tuesday, Nov. 28, 2023, near Rustenburg, South Africa. An elevator suddenly dropped around 200 meters (656 feet) while carrying workers to the surface in a platinum mine in South Africa, killing 11 and injuring 75, the mine operator said Tuesday. It happened Monday evening at the end of the workers' shift at a mine in the northern city of Rustenburg. The injured workers were hospitalized. (Implats via AP)
December 04

Heavy snowfall hits Moscow as Russian media report road, airport disruptions

Russian officials and media say that heavy snowfall that hit Moscow has disrupted traffic on roads and flights in and out of three airports
December 04
People swim in ice water celebrating opening of the 65th winter swimming season of the Moscow Walrus Club in Serebryany Bor during heavy snowfall in Moscow, Russia, Sunday, Dec. 3, 2023. A record snowfall has hit Russia's capital bringing an additional 10 cm to already high levels of snow and causing disruption at the capital's airports and on roads. (Pelagia Tikhonova/Moscow News Agency via AP)
December 04

Spotify to cut 17% of workforce, CEO says

The layoffs follow two rounds of cuts announced earlier in the year.
December 04
In this file photo, Spotify CEO Daniel Ek speaks  during a press event in New York May 20, 2015.
December 04

Dutch lawyers seek court order to halt export of F-35 fighter jet parts to Israel

Human rights lawyers have gone to court in the Netherlands to call for a halt to the export of fighter jet parts to Israel that are being used in attacks on Gaza
December 04
Palestinians look at the destruction by the Israeli bombardment of the Gaza Strip in Rafah, Monday, Dec. 4, 2023. (AP Photo/Hatem Ali)
December 04

Spotify axes 17% of workforce in third round of layoffs this year

Spotify says it’s axing 17% of its global workforce in the music streaming service’s third round of layoffs this year
December 04
FILE - A trading post sports the Spotify logo on the floor of the New York Stock Exchange, Tuesday, April 3, 2018. Spotify said Monday, Dec. 4, 2023 it's axing 17% of its global workforce, in the music streaming service's third round of layoffs this year as it tries to slash costs while focusing on profitabilty. (AP Photo/Richard Drew, File)
December 04

Ukrainian diplomats negotiate both climate change and Russia's war on their nation at COP28 in Dubai

While Ukrainian diplomats take part in negotiations at the United Nations COP28 climate talks, Russia’s war on the country lurks just in the background
December 04
Kadri Simson, European commissioner for energy, looks at a display of the impacts of war at the Ukraine Pavilion during the COP28 U.N. Climate Summit, Monday, Dec. 4, 2023, in Dubai, United Arab Emirates.(AP Photo/Rafiq Maqbool)
December 04

Pilots flying tourists over national parks face new rules. None are stricter than at Mount Rushmore

Fewer airplanes and helicopters will be flying tourists over Mount Rushmore and other national monuments and parks as new regulations take effect that are intended to protect the serenity of some of the nation’s most beloved natural areas
December 04
FILE- This April 16, 2008 file photo shows a plume containing sulfur dioxide gas and ash particles as it rises from the floor of Halemaumau at the summit of Kilauea volcano in Hawaii Volcanoes National Park. Fewer planes and helicopters will be flying tourists over Mount Rushmore and other national monuments and parks as new regulations take effect that are intended to protect the serenity of some of the nation's most beloved natural areas. (AP Photo/David Jordan, File)
December 04

Europe's world-leading artificial intelligence rules are facing a do-or-die moment

Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment
December 04
File - The OpenAI logo appears on a mobile phone in front of a screen showing part of the company website in this photo taken on Nov. 21, 2023 in New York. Negotiators will meet this week to hammer out details of European Union artificial intelligence rules but the process has been bogged down by a simmering last-minute battle over how to govern systems that underpin general purpose AI services like OpenAI's ChatGPT and Google's Bard chatbot. (AP Photo/Peter Morgan, File)
December 04

The year in review: Influential people who died in 2023

From a hot dog vendor to head of the formidable mercenary army Wagner Group, Yevgeny Prigozhin had a meteoric rise through Russian society
December 04
FILE - Former First Lady Rosalynn Carter listens to a speaker at The Carter Center in Atlanta on April 6, 2011. Rosalynn Carter, the closest adviser to Jimmy Carter during his one term as U.S. president and their four decades thereafter as global humanitarians, has died at the age of 96. The Carter Center said she died Sunday, Nov. 19, 2023. (AP Photo/Jason Bronis, File)
December 04

OxyContin maker bankruptcy deal goes before the Supreme Court on Monday

The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids
December 04
FILE - The U.S. Supreme Court is seen before sunrise on Capitol Hill in Washington, March. 21, 2022. On Dec. 4, 2023, the Supreme Court will hear arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids.(AP Photo/Jose Luis Magana, File)
December 04

Economists predict US inflation will keep cooling and the economy can avoid a recession

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates
December 04
FILE - A hiring sign is displayed at a grocery store, Oct. 5, 2023, in Deerfield, Ill. Most business economists think the U.S. economy could avoid a recession in 2024, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday, Dec. 4. (AP Photo/Nam Y. Huh, File)
December 03

Stock market today: Wall Street loses ground ahead of key reports on the job market

Stocks slipped on Wall Street ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve's thinking about interest rates
December 03
File - Traders work on the New York Stock Exchange floor in New York City on Friday, November 3, 2023. Wall Street followed global stocks lower on Monday as investors awaited a slew of economic data — mostly from the labor market — later in the week. (AP Photo/Ted Shaffrey, File)
December 03

At UN climate talks, fossil fuel interests have hundreds of employees on hand

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year’s United Nations climate talks in Dubai
December 03
FILE - People walk through the COP28 U.N. Climate Summit as the sun sets, Dec. 2, 2023, in Dubai, United Arab Emirates. (AP Photo/Rafiq Maqbool, File)
December 03

Kimberly Palmer: Smart steps to take when helping your grandchildren financially

Grandparents often want to help their grandchildren financially, but they aren’t always sure where to start
December 03
December 03

Watchdog: Western arms companies failed to ramp up production capacity in 2022 due to Ukraine war

An independent watchdog says many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment
December 03
FILE - A Ukrainian serviceman fires an NLAW anti-tank weapon during an exercise in the Joint Forces Operation, in the Donetsk region, eastern Ukraine, Feb. 15, 2022. An independent watchdog says many Western arms companies failed to ramp up production in 2022 despite a strong increase in demand for weapons and military equipment. Labor shortages, soaring costs and supply chain disruptions were exacerbated by Russia’s invasion of Ukraine, according to the Stockholm International Peace Research Institute, or SIPRI. It said the arms revenue of the world’s 100 largest arms-producing and military services companies last year was $597 billion — a 3.5% drop from 2021. (AP Photo/Vadim Ghirda, File)
December 03

Alaska Airlines to acquire Hawaiian Airlines for $1.9 billion

The companies will continue to operate under their current names indefinitely.
December 03
An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Va., on Jan. 24, 2022.
December 03

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt

Alaska Air Group has agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt
December 03
FILE - Alaska Airlines planes are shown parked at gates with Mount Rainier in the background at sunrise, March 1, 2021, at Seattle-Tacoma International Airport in Seattle. Alaska Air Group said Sunday, Dec. 3, 2023, that it agreed to buy Hawaiian Airlines in a $1 billion deal. (AP Photo/Ted S. Warren, File)
December 03

Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt

Alaska Air Group announces it has agreed to buy Hawaiian Airlines in a $1.9 billion deal with debt
December 03
December 03

Man kills 4 relatives in Queens knife rampage, injures 2 officers before he's fatally shot by police

A man killed four family members, including two children, at their Queens home in New York City and stabbed two police officers who then shot him to death
December 03
This photo provided by New York City Police Dept. shows a knife recovered at a crime scene in the far Rockaway section of the Queens borough of New York on Sunday, Dec. 3, 2023. A man killed four relatives, including two children, in a knife attack at their New York City home early Sunday, then set the building on fire and stabbed two police officers before one of them fatally shot him, officials said. (NYPD via AP)
December 03

3 commercial ships hit by missiles in Houthi attack in Red Sea, US warship downs 3 drones

The U.S. military says three commercial ships in the Red Sea were struck by ballistic missiles fired from Houthi-controlled Yemen, and a U.S. warship shot down three drones in self-defense during the hourslong assault
December 03
The guided-missile destroyer USS Carney in Souda Bay, Greece. The American warship and multiple commercial ships came under attack Sunday, Dec. 3, 2023 in the Red Sea, the Pentagon said, potentially marking a major escalation in a series of maritime attacks in the Mideast linked to the Israel-Hamas war. “We’re aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information as it becomes available,” the Pentagon said. (Petty Officer 3rd Class Bill Dodge/U.S. Navy via AP)
December 03

British military reports an explosion off the coast of Yemen in the key Bab el-Mandeb Strait

A “potential explosion” has struck a key shipping route off the coast of Yemen
December 03
December 03

Hong Kong court puts off Chinese developer Evergrande's hearing on its debt restructuring to January

A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29
December 03
FILE - A woman walks by a map showing Evergrande development projects in China, as she heads to an Evergrande city plaza in Beijing on Sept. 18, 2023. A Hong Kong court will convene a hearing Monday, Dec. 4, 2023, on troubled Chinese property developer Evergrande's plans for restructuring its more than $300 billion in debts.(AP Photo/Andy Wong, File)
December 03

Lacking counselors, US schools turn to the booming business of online therapy

As schools across the U.S. grapple with the student mental health crisis, the use of telehealth therapy for students has skyrocketed
December 03
Claudia Nogales of Hazel Health works to set up the company's telehealth app, during a demonstration of how Miami-Dade County public school students can use it to receive telehealth therapy services, on World Mental Health Day, Tuesday, Oct. 10, 2023, at Miami Arts Studio, a public 6th-12th grade magnet school, in Miami. (AP Photo/Rebecca Blackwell)
December 02

BMW recalls SUVs after Takata air bag inflator blows apart, hurling shrapnel and injuring driver

BMW is recalling a small number of SUVs in the U.S. because the driver’s air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people
December 02
FILE - This is the BMW logo on display at the 2020 Pittsburgh International Auto Show Thursday, Feb.13, 2020 in Pittsburgh. BMW is recalling a small number of SUVs in the U.S., Saturday, Dec. 2, 2023, because the driver's air bag inflators can blow apart in a crash, hurling metal shrapnel and possibly injuring or killing people in the vehicles. (AP Photo/Gene J. Puskar, File)
December 02

Teen girls are being victimized by deepfake nudes. One family is pushing for more protections

A mother and her 14-year-old daughter are advocating for better protections for victims after AI-generated nude images of the teen and other female classmates were circulated at a high school in New Jersey
December 02
Dorota Mani sits for an interview in her office in Jersey City, N.J. on Wednesday, Nov. 8, 2023. Mani is the parent of a 14-year-old New Jersey high school student victimized by an AI-generated deepfake image. (AP Photo/Peter K. Afriyie)
December 02

At COP28 meeting, oil companies pledge to combat methane. Environmentalists call it a "smokescreen"

Fifty oil companies are pledging to reach near-zero methane emissions.
December 02
COP28 President Sultan al-Jaber speaks during a session at the COP28 U.N. Climate Summit, Saturday, Dec. 2, 2023, in Dubai, United Arab Emirates. (AP Photo/Kamran Jebreili)
December 02

US joins in other nations in swearing off coal power to clean the climate

The United States is now committed to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit
December 02
John Kerry, U.S. Special Presidential Envoy for Climate, center right, attends an event in support of tripling global nuclear capacity by 2050 at the COP28 U.N. Climate Summit, Saturday, Dec. 2, 2023, in Dubai, United Arab Emirates. (AP Photo/Peter Dejong)
December 02

US targets oil and natural gas industry's role in global warming with new rule on methane emissions

The United States has taken action to reduce methane emissions from oil and natural gas production
December 02
Vice President Kamala Harris speaks at the COP28 U.N. Climate Summit, Saturday, Dec. 2, 2023, in Dubai, United Arab Emirates. (AP Photo/Kamran Jebreili)
December 01

Jury orders egg suppliers to pay $17.7 million in damages for price gouging in 2000s

A federal jury in Illinois has delivered a verdict of $17.7 million in damages to several major food manufacturing companies who sued egg producers over a conspiracy to limit the supply of eggs in the U.S. years ago
December 01
FILE - In this July 28, 2012 file photo, chicken eggs are transported by conveyor belt from the production side to the packaging side at Rose Acre Farms Inc. in Cortland, Ind. A federal jury in Illinois delivered $17.7 million in damages to several major food manufacturing companies who had sued major egg producers over a conspiracy to limit the supply of eggs in the U.S. in a lawsuit originally filed 12 years ago, according to attorneys representing the companies. The damages verdict was reached Friday, Dec. 1, 2023. (Aaron Piper/The Tribune via AP, File)
December 01
December 01

How major US stock indexes fared Friday, 12/1/2023

Stocks gained ground on Wall Street as the market comes off its best month in more than a year
December 01
December 01

Chicago and other northern US cities scramble to house migrants with coldest weather just ahead

Chicago is scrambling to house hundreds of asylum-seekers who are still sheltering on sidewalks, at police stations and at the city’s busiest airport as the cold weather sets in and with winter just around the corner
December 01
Protesters hold signs outside of the construction site of a government-run tent encampment for migrants Wednesday, Nov. 29, 2023, in the Brighton Park neighborhood of Chicago. (AP Photo/Erin Hooley)
December 01

Philadelphia votes to ban ski masks to decrease crime. Opponents worry it'll unfairly target some

Philadelphia City Council has passed legislation to ban ski masks in some public spaces
December 01
December 01

Rail union says Union Pacific layoffs of over 1,000 track maintenance workers jeopardizes safety

The head of the union that represents track maintenance workers says Union Pacific is jeopardizing safety by delaying nearly 1,200 planned projects until next year and laying off more than 1,000 workers
December 01
FILE - A Union Pacific train engine sits in a rail yard on Wednesday, Sept. 14, 2022, in Commerce, Calif. Union Pacific reports earnings on Thursday, April 20, 2023. The head of the union that represents track maintenance workers says Union Pacific is jeopardizing safety by delaying nearly 1,200 planned projects until next year and laying off more than 1,000 workers. (AP Photo/Ashley Landis, File)
December 01

Closing prices for crude oil, gold and other commodities

Benchmark U.S. crude oil for January delivery fell $1.89 to $74.07 per barrel Friday
December 01
December 01

Walmart latest big advertiser to pull out of X amid growing concerns over hate speech

Walmart is the latest company to publicly join the growing flock of major advertisers to pull spending from X, Elon Musk’s beleaguered social media company, amid concerns about hate speech — as well as reaching a sizeable audience on the platform
December 01
FILE - A sign encouraging customers to order grocery items online and pick them up at a store is displayed at a WalMart Neighborhood Market in Bentonville, Ark., Thursday, June 4, 2015. Walmart is the latest company to join the growing flock of major advertisers to pull spending from X, Elon Musk’s beleaguered social media company, amid concerns about hate speech — as well as reaching a sizeable audience on the platform. (AP Photo/Danny Johnston, File)
December 01

Michigan regulators approve $500M pipeline tunnel project under channel linking 2 Great Lakes

Michigan regulators have approved a $500 million plan to encase in a protective tunnel a portion of an oil pipeline that runs beneath a channel connecting two Great Lakes
December 01
FILE - This July 19, 2002, file photo, shows the Mackinac Bridge that spans the Straits of Mackinac from Mackinaw City, Mich. Michigan regulators have approved a $500 million plan to encase a portion of an oil pipeline that runs beneath a channel connecting two Great Lakes. The state Public Service Commission on Friday, Dec. 1, 2023, approved the proposal for the tunnel through the Straits of Mackinac. (AP Photo/Carlos Osorio, File)
December 01

This Week: Job openings, consumer borrowing, nonfarm payrolls

The Labor Department delivers its October tally of job openings Tuesday and its November snapshot of hiring by nonfarm employers Friday
December 01
December 01

South Korea launches its first spy satellite after rival North Korea does the same

South Korea has launched its first military spy satellite, a little over a week after rival North Korea claimed to put its own spy satellite into orbit for the first time
December 01
In this image from video provided by SpaceX, South Korea launches its first military spy satellite from Vandenberg Space Force Base, Calif., Friday, Dec. 1, 2023. Using SpaceX's Falcon 9 rocket, it was the first of five spy satellites South Korea plans to send into space by 2025 under a contract with SpaceX. The launch took place a little over a week after North Korea claimed to put its own spy satellite into orbit for the first time as tensions rise between the rivals. (SpaceX via AP)
December 01

Dell, Marvell Technology fall; Ulta Beauty, UiPath rise, Friday, 12/1/2023

Stocks that traded heavily or had substantial price changes on Friday: Dell, Marvell Technology fall; Ulta Beauty, UiPath rise
December 01
December 01

New England's decades-old shrimp fishery, a victim of climate change, to remain closed indefinitely

Regulators voted on Friday that New England’s long-shuttered shrimp business, which fell victim to warming waters, will remain in a fishing moratorium indefinitely
December 01
FILE - In this Jan. 6, 2012, file photo, northern shrimp lay on snow aboard a trawler in the Gulf of Maine. New England’s long-shuttered shrimp business, which fell victim to warming waters, will remain in a fishing moratorium for an indefinite period of time. The shrimping business was based mostly in Maine and produced small, pink shrimp that were a winter delicacy in New England and across the country. (AP Photo/Robert F. Bukaty, File)
December 01

Nickel ore processing plant that will supply Tesla strikes deal to spend $115M in federal funds

Developers of a proposed nickel ore processing plant in North Dakota that would supply electric automaker Tesla have reached a deal with the U.S. Department of Energy on how to spend nearly $115 million the federal agency awarded the project last year
December 01
FILE - Driller Helper Chris Palmer, right, attaches a core sampling tube to a drilling rig at the Talon Metals Corporation drilling site, June 7, 2023, near Tamarack, Minn. Developers of a proposed nickel ore processing plant in western North Dakota that would supply electric automaker Tesla have reached a deal with the U.S. Department of Energy Department on spending nearly $115 million that the federal agency awarded the project last year. (Ben Hovland/Minnesota Public Radio via AP, File)
December 01

A teenage girl who says she discovered a camera in an airplane bathroom is suing

A teenage girl and her parents are suing American Airlines, saying that a flight attendant secretly filmed her using an airplane toilet
December 01
FILE - In this photo provided by the law firm Lewis & Llewellyn LLP, an iPhone is taped to the back of a toilet seat on an American Airlines flight from Charlotte, N.C., to Boston, Sept. 2, 2023. On Friday, Dec. 1, a North Carolina teenager filed suit against American Airlines, saying that a flight attendant taped an iPhone to an airplane toilet to record her using the restroom during a September flight. Lawyers for the 14-year-old say that American “knew or should have known the flight attendant was a danger.” They say the failure of other crew members to confiscate the employee's phone allowed him to destroy evidence. (Lewis & Llewellyn LLP via AP, File)
December 01

Good news for your 401(k) or your investment account

The stock market closed out its best month in more than a year.
December 01
VIDEO: Good news for your 401(k) or your investment account
December 01

Agriculture officials confirm 25th case of cattle anthrax in North Dakota this year

State agriculture officials have confirmed a new case of cattle anthrax in southwest North Dakota, bringing the number of cases in the state to 25 this year
December 01
FILE - In this June 11, 2014 file photo, longhorn cattle wander through the Theodore Roosevelt National Park, located in the Badlands of North Dakota. A new case of cattle anthrax has been confirmed in southwest North Dakota's Grant County, bringing the number of cases in the state to 25 this year, according to state agriculture officials, Thursday, Nov. 30, 2023. (AP Photo/Charles Rex Arbogast, File)
December 01

Pfizer nixes more study of twice-daily obesity pill treatment

Pfizer shares sank Friday when the drugmaker announced that it was abandoning a twice-daily obesity treatment after more than half the patients in a clinical trial stopped taking it
December 01
FILE - The Pfizer logo is displayed at the company's headquarters, Friday, Feb. 5, 2021, in New York. Pfizer shares sank Friday, Dec. 1, 2023, when the drugmaker announced that it was abandoning a twice-daily obesity treatment after more than half the patients in a clinical trial stopped taking it. (AP Photo/Mark Lennihan, File)
December 01

Fed's Powell notes inflation is easing but says further progress is needed

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said
December 01
File - Federal Reserve Chairman Jerome Powell speaks at the International Monetary Fund on Nov. 9, 2023 in Washington. Powell will appear at events at Spelman College in Atlanta today. (AP Photo/Mark Schiefelbein, File)