Valvoline to sell its global products arm to Saudi’s Aramco
DUBAI, United Arab Emirates — Saudi Aramco announced a $2.65 billion agreement today to acquire Valvoline’s global products business, which includes motor oils, transmission fluids,…
AP Wire
Alibaba striving to maintain US listing amid delisting fears
HONG KONG — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days…
How to recession-proof your life amid economic uncertainty
NEW YORK — Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The…
P&G’s sales climb in Q4, but cautious on fiscal 2023 outlook
Procter & Gamble’s sales rose 3% in the fiscal fourth quarter, but the world’s largest consumer products maker gave a lackluster fiscal 2023 sales forecast…
Inflation and wage data suggest US prices will keep climbing
WASHINGTON (AP) — Inflation surged in June and workers’ average wages accelerated in the spring — signs that Americans won’t likely feel any relief from…
Unprecedented profit for major oil drillers as prices soared
NEW YORK (AP) — Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline,…
US reaches deal with Moderna for omicron COVID-19 vaccine
WASHINGTON — The Biden administration said today it has reached an agreement with Moderna to buy 66 million doses of the company’s next generation of…
Inflation hits record 8.9% in euro area, but economy grows
LONDON (AP) — Inflation in the European countries using the euro currency shot up to another record in July, pushed by higher energy prices fueled…
Sony sees profit rise despite waning interest in video games
TOKYO — Sony’s profit edged up 3% in the last quarter, weathering production setbacks from COVID-19 lockdowns in Shanghai and a trend away from video…
Fewer Americans applied for jobless benefits last week
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week, but the previous week’s number was revised upward significantly, with claims breaching the 250,000…