AP

LONDON (AP) — Ships loaded with grain departed Ukraine on Tuesday despite Russia suspending its participation in a U.N.-brokered deal that ensures safe wartime passage of critical food supplies meant for parts of the world struggling with hunger. But the United Nations said vessels would not move Wednesday, raising concerns about future shipments. Three ships…

Shares of Uber surged Tuesday after the company said there is little evidence that Americans are pulling back on hailing rides or ordering food deliveries despite soaring inflation. “Cities are reopening, travel is building, and more broadly a continued shift of consumer spending from retail back to services,” said CEO Dara Khosrowshahi. “We’ve seen these…

Pfizer’s COVID-19 treatment helped the pharmaceutical giant balance tumbling international sales for its coronavirus vaccine and top third-quarter expectations. The pill treatment Paxlovid brought in $7.5 billion in sales in the quarter and has generated more than $17 billion so far this year. Sales from the vaccine Comirnaty, meanwhile, tumbled 66% to $4.4 billion in…

ST. PAUL, Minn. (AP) — The political fight is only getting fiercer over whether it’s financially wise or “woke” folly to consider a company’s impact on climate change, workers’ rights and other issues when making investments. Republicans from North Dakota to Texas are ramping up their criticism of “ESG investing,” a fast-growing movement that says…

TOKYO (AP) — Sony said Tuesday its quarterly profit through September rose 24% on healthy demand for its music and movies, prompting the Japanese entertainment and electronics giant to raise its annual sales and profit forecasts. Tokyo-based Sony’s July-September profit totaled 264 billion yen, or $1.8 billion, up from 213 billion yen in the previous…

LONDON (AP) — BP’s earnings more than doubled in the third quarter as the London-based energy giant benefited from high oil and natural gas prices following Russia’s invasion of Ukraine. Underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, jumped to $8.15 billion from $3.32 billion in the same…

Johnson & Johnson is spending more than $16 billion to move deeper into treating heart disease and continue a shift started last year away from its consumer health roots. The health care giant said Tuesday that it will buy the cardiovascular technology company Abiomed, which makes a heart pump used on patients with severe coronary…

TOKYO (AP) — Toyota said Tuesday that its profit fell 31% in the last quarter as a shortage of computer chips offset foreign exchange gains from a weaker yen. Toyota Motor Corp.’s quarterly profit through September totaled 434 billion yen, or $2.9 billion, down from nearly 627 billion yen a year earlier. The maker of…

TOKYO (AP) — Asian shares were mostly higher Wednesday ahead of a decision by the U.S. Federal Reserve on an interest rate increase to curb inflation. Oil prices rose more than $1 a barrel and U.S. futures were also higher. Stocks ended lower on Wall Street after an unexpectedly strong report on the job market…