Hormel: Fiscal Q3 earnings snapshot
AUSTIN, Minn. — Hormel Foods Corp. today reported fiscal third-quarter profit of $218.9 million. The company said it had net income of 40 cents per…
AP Wire
China locks down 21 million in Chengdu in COVID-19 outbreak
BEIJING — Chinese authorities have locked down Chengdu, a southwestern city of 21 million people, following a spike in COVID-19 cases. Residents have been ordered…
U.S. clears updated COVID boosters targeting newest variants
WASHINGTON — The U.S. on Wednesday authorized its first update to COVID-19 vaccines, booster doses that target today’s most common omicron strain. Shots could begin…
Shares of Bed Bath & Beyond dip on restructuring plan
NEW YORK (AP) — Shares of Bed Bath & Beyond lost nearly a quarter of their value Wednesday after the struggling home goods retailer announced…
South Korea objects to World Bank’s order to pay Lone Star
SEOUL, South Korea — South Korea says it plans to challenge a World Bank tribunal’s order to pay $216.5 million plus interest to Texas-based Lone…
Ford recalls pickups, cars to fix cloudy rear camera lens
DETROIT — Ford is recalling more than 277,000 pickup trucks and cars in the U.S. because the rear view camera lens can get cloudy and…
Inflation hits 9.1% in countries using euro currency
LONDON — Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia’s…
Europe plan for floating gas terminals raises climate fears
NEW YORK — As winter nears, European nations, desperate to replace the natural gas they once bought from Russia, have embraced a short-term fix: A…
Toyota invests in EV battery production in Japan, US
TOKYO — Toyota is investing 730 billion yen ($5.6 billion) in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese…
Chinese manufacturing weak, adding to economic pressure
BEIJING — Chinese manufacturing contracted in August amid weak export and consumer demand, a survey showed today, adding to downward pressure on the struggling economy….