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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
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
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
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
December 04
Spotify to cut 17% of workforce, CEO says
The layoffs follow two rounds of cuts announced earlier in the year.
December 04
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
December 01
Canadian mining company starts arbitration in case of closed copper mine in Panama
Canada's First Quantum Minerals Ltd
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
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
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
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
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
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
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
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
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
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
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
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