Fewer Americans Apply for Jobless Benefits Last Week | Business News

By MATT OTT, AP Business Writer WASHINGTON (AP) – Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment benefits already near five-decade lows. Applications for unemployment benefits fell by 8,000 to 210,000 for the week ending May 21, the Labor Department reported Thursday. First-time applications are generally representative of … Read more

Female CEO’s Pay Rose 26% in 2021, but Ranks Remain Small | Business News

By MAE ANDERSON, AP Business Writer NEW YORK (AP) – Pay packages for the women who run S&P 500 companies jumped in 2021 as the economy recovered and stock prices and profits soared. Median pay for the women occupying the corner office rose to nearly $ 16 million, according to the annual survey conducted by … Read more

Glencore Pays up to $ 1.5B to Resolve Corruption Claims | Business News

BERLIN (AP) – Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $ 1.5 billion. The Anglo-Swiss company said late Tuesday that it will pay $ 700 million to resolve a US bribery probe and a … Read more

Consumers Defy Inflation to Support Economy. for How Long? | Business News

By CHRISTOPHER RUGABER and ANNE D’INNOCENZIO, AP Business Writers WASHINGTON (AP) – With prices across the economy – from food, gas and rent to cars, airfares and hotel rooms – soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are … Read more

Taiwan Not Included in Launch of New Biden Indo-Pacific Pact | Business News

By AAMER MADHANI and JOSH BOAK, Associated Press TOKYO (AP) – President Joe Biden is expected to unveil a list of nations on Monday who will be joining a long anticipated Indo-Pacific trade pact, but Taiwan will not be among them. White House national security adviser Jake Sullivan confirmed that Taiwan is not among the … Read more

Former NFL coach Westhoff honest, candid as ever in new book

NEW YORK (AP) – Mike Westhoff has always been blunt and brutally honest. He pulls no punches and sugarcoats nothing. And the way he sees it, he could be no other way. He’s a cancer survivor who has multiple times beaten long odds. He’s an innovator who established himself over 32 NFL seasons as arguably … Read more

Backed by Greenpeace, Farmer Sues VW Over Climate Change | Business News

By FRANK JORDANS, Associated Press BERLIN (AP) – A German court on Friday is set to begin hearing a case brought against Volkswagen by a farmer who claims the automaker is partly responsible for the impact that global warming is having on his family business. “Farmers are already being hit harder and faster by climate … Read more

Canada Bans China’s Huawei Technologies From 5G Networks | Business News

By ROB GILLIES, Associated Press TORONTO (AP) – Wireless carriers in Canada will not be allowed to install Huawei equipment in their high-speed 5G networks, the Canadian government said Thursday, joining allies in banning the giant Chinese technology company. Canada had been the only member of the Five Eyes intelligence-pooling alliance not to bar or … Read more

Biden Invokes Defense Production Act for Formula Shortage | Business News

By ZEKE MILLER and KEVIN FREKING, Associated Press WASHINGTON (AP) – President Joe Biden invoked the Defense Production Act to speed production of infant formula and authorized flights to import supply from overseas, as he faces mounting political pressure over a domestic shortage caused by the safety-related closure of the country’s largest formula manufacturing plant. … Read more

Target’s 1Q Profit Hit by Higher Costs, Supply Chain Woes | Business News

By ANNE D’INNOCENZIO, AP Business Writer NEW YORK (AP) – Target took a big hit from higher costs during the first quarter despite brisk sales. Profits for major retailers has come under pressure from both surging inflation and stubborn clogs in the global supply chain. Target’s net income fell roughly 52% from a year ago … Read more