DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about the mercurial Tesla CEO’s next move. The social media company has adopted a “poison pill” defense that makes it difficult for Musk or any other investor to buy Twitter without…
BERLIN (AP) — Germany’s employers and unions have joined together in opposing an immediate European Union ban on natural gas imports from Russia over its invasion of Ukraine, saying such a move would lead to factory shutdowns and the loss of jobs in the bloc’s largest economy. “A rapid gas embargo would lead to loss…
WASHINGTON (AP) — The Supreme Court on Monday rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal tax deductions for state and local taxes. The lawsuit had previously been dismissed by lower courts. It argued that the Republican-led tax law, signed by then-President Donald Trump,…
I thought I knew all about the information that consumer reporting agencies were collecting on me. Then I discovered The Work Number — a database that reports every paycheck I’ve received from my company, with net and gross amounts, going back to my hire date six years ago. Another consumer reporting agency shows the results…
NEW YORK (AP) — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation’s second-largest bank was helped by higher net interest income and very modest exposure to Russian assets. The Charlotte, North…
PARIS (AP) — Paris prosecutors are studying a report by the European Union’s fraud agency accusing French far-right presidential candidate Marine Le Pen and other members of her nationalist party of misusing public funds while serving in the European Parliament. The report was disclosed by French investigative news site Mediapart just days before Le Pen…
BEIJING (AP) — Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to disrupt global trade and manufacturing. Growth slid to 1.3% over the previous quarter in the first three months of 2022, down from a 1.4% rate in last year’s final…
MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador failed to find enough votes late Sunday to pass a constitutional reform limiting private and foreign firms in the electrical power industry, marking the first major legislative setback for the president. The defeat may set the tone for an angrier, more hard-line and polarizing president…
BANGKOK (AP) — Shares were mostly higher in Asia on Tuesday despite growing worries over the risks of recession as prices push sharply higher while economies are still recovering from the impact of the pandemic. Most major markets advanced though Hong Kong declined, weighed down by worries over Chinese property developers and regulatory crackdowns on…
BANGKOK (AP) — Shares were lower in Asia after China reported Monday that its economy expanded at a 4.8% annual pace in January-March. Benchmarks fell in Tokyo, Seoul and Shanghai. Hong Kong and Sydney were closed for holidays. Oil prices rose and U.S. futures were lower. Wall Street benchmarks declined last week before closing for…
