Business News

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

ABC News business reporter Alexis Christoforous reports on the major bankruptcy settlement for Purdue Pharma, the maker of opioid painkiller OxyContin.

Ohio’s former top utility regulator has surrendered in connection with a $60 million bribery scheme

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

Russian officials and media say that heavy snowfall that hit Moscow has disrupted traffic on roads and flights in and out of three airports

The layoffs follow two rounds of cuts announced earlier in the year.

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

Spotify says it’s axing 17% of its global workforce in the music streaming service’s third round of layoffs this year

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

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

Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment

From a hot dog vendor to head of the formidable mercenary army Wagner Group, Yevgeny Prigozhin had a meteoric rise through Russian society

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

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

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

At least 1,300 employees of organizations representing fossil fuel interests registered to attend this year’s United Nations climate talks in Dubai

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

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

The companies will continue to operate under their current names indefinitely.

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

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

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

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

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

A Hong Kong court has postponed a court hearing on troubled Chinese property developer Evergrande’s winding-up petition to Jan. 29

As schools across the U.S. grapple with the student mental health crisis, the use of telehealth therapy for students has skyrocketed

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

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

Fifty oil companies are pledging to reach near-zero methane emissions.

The United States is now committed to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit

The United States has taken action to reduce methane emissions from oil and natural gas production

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

Canada's First Quantum Minerals Ltd

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

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

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

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

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

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

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

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

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

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

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

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

A teenage girl and her parents are suing American Airlines, saying that a flight attendant secretly filmed her using an airplane toilet

The stock market closed out its best month in more than a 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

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

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