LONDON (AP) — Inflation in countries using the euro set another eye-watering record, pushed higher by a huge increase in energy costs fueled partly by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries hit 8.6% in June, surging past the 8.1% recorded in May, according to the latest numbers published Friday by…
Stocks on Wall Street shook off a downbeat start and ended broadly higher Friday, though the rebound was not enough to erase their losses for the week. The S&P 500 rose 1.1% after having been down 0.9% in the early going. The gain snapped a four-day losing streak for the benchmark index, which still posted…
DALLAS (AP) — American Airlines is offering pilots raises of nearly 17% by the end of 2024, a sign of the leverage that pilots enjoy as airlines struggle with a labor shortage. CEO Robert Isom said Thursday that the proposal would boost pilot wages at American to the levels detailed in a tentative agreement between…
NEW YORK (AP) — Shares of Spirit Airlines rose Thursday after it postponed a vote for the second time on a proposed merger with Frontier Airlines, allowing for a bidding war over the budget airline between Frontier and JetBlue Airways to play out. The delay, announced hours before the scheduled vote, indicated that Spirit lacked…
WASHINGTON (AP) — The U.S. Supreme Court declined Thursday to take up a case involving a state law that gives California-based flight crews more generous meal and rest breaks than required by federal rules. Several Virgin America flight attendants sued to be included under the law, and an appeals court in San Francisco ruled in…
WASHINGTON (AP) — Delta Air Lines has agreed to pay $10.5 million to settle allegations that it falsified information about deliveries of international mail that it was contracted to carry, including mail sent to U.S. soldiers deployed overseas. The Justice Department said Thursday that Delta was hired by the U.S. Postal Service to collect mail…
Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months. The S&P 500, Wall Street’s broad benchmark for many stock funds, closed the first half of 2022 with a loss of more than 20% after starting the year at an all-time high. It’s the worst start to a…
NEW YORK (AP) — The Supreme Court ruling limiting the Environmental Protection Agency’s authority to regulate greenhouse gas emissions from power plants could have far-reaching consequences for the energy sector — and make it harder for the Biden administration to meet its goal of having the U.S. power grid run on clean energy by 2035….
BERLIN (AP) — Germany’s vice chancellor said Thursday he suspects that Russia may not resume natural gas deliveries to Europe through the Nord Stream 1 pipeline after planned maintenance work in July, complicating the outlook for this winter. Russia reduced gas flows to Germany, Italy, Austria, the Czech Republic and Slovakia this month, just as…
A big opioid settlement and a COVID-19 vaccine slowdown dragged on third-quarter earnings for Walgreens, but the drugstore chain still topped expectations. Net income slid to $289 million in the quarter that ended May 31, the company said Thursday. That’s down from about $1.2 billion the previous year. Walgreens booked a $683 million charge from…
