Boeing officials vowed Wednesday to significantly increase airplane production and cash flow in the next few years as the company seeks to recover from two deadly crashes and years of mistakes in its airline and defense businesses. Boeing said it expects to boost revenue to $100 billion and generate $10 billion in annual cash flow…
OMAHA, Neb. (AP) — The Agriculture Department announced more than $223 million in grants and loans Wednesday to help small- and mid-sized meat processing plants expand as part of a larger $1 billion effort to boost competition in the highly concentrated industry. The effort is expected to increase cattle and pig slaughter capacity by more…
NEW YORK (AP) — Elon Musk said Wednesday that Twitter will not allow anyone who has been kicked off the site to return until it sets up procedures on how to do that, a process that will take at least a few weeks. That would mean people banned from the site for violating Twitter’s rules…
NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings rates are slightly juicier, though. As the Federal Reserve steadily increases interest rates, many economists say they fear that a recession remains inevitable in the coming months — and with it, job losses that could…
BERLIN (AP) — The German government said Wednesday that it plans to make plastic manufacturers contribute to the cost of cleaning up litter in streets and parks. The Cabinet agreed on a bill that makers of products containing single-use plastic will need to pay into a central fund managed by the government, starting in 2025….
DETROIT (AP) — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high warranty claims and reliability issues. Stuart Rowley, chief transformation and quality officer, is leaving after 32 years with the company. He’ll be replaced by Jim Baumbick, who is now vice president of product development operations and…
Sara Campos remembers being inspired to start skateboarding after playing Tony Hawk videogames on the California family’s PlayStation 2. Campos, 23, who uses they/them pronouns, never dreamed they would be part of Tony Hawk’s charitable work. But last month, Campos was selected for the first class in The Skatepark Project’s fellowship program. The program trains…
FRANKFURT, Germany (AP) — The European Central Bank is warning that many of the financial institutions it oversees are moving too slowly to shield themselves and Europe’s banking system from the impact of climate change, and it is setting new deadlines to meet those requirements. The ECB said some progress had been made but that…
CVS Health booked a third-quarter loss of more than $3 billion after setting aside money for a potential opioid litigation settlement but still beat expectations and raised its 2022 forecast. The health care giant detailed on Wednesday a planned nationwide settlement of lawsuits over how it has handled prescriptions for powerful painkillers linked to an…
LONDON (AP) — U.K. Prime Minister Rishi Sunak on Wednesday said he will attend this month’s U.N. climate summit in Egypt, reversing a decision to skip it that had drawn criticism at home and abroad. Sunak’s office previously said he had to skip the gathering, known as COP27, which start on Sunday. It cited “pressing…
