Shareholders await Musk’s next move in Twitter takeover bid
DETROIT (AP) — Twitter has dropped a major roadblock in front of Elon Musk’s effort to take over the company, leaving investors to wonder about…
AP Wire
Stocks edge lower as earnings roll in, natural gas soars
NEW YORK (AP) — Stocks closed slightly lower after a wobbly day of trading Monday, as worries about interest rates and inflation keep a lid…
Justices reject states’ appeal over cap on tax deductibility
WASHINGTON — The Supreme Court today rejected a challenge from New York, New Jersey, Connecticut and Maryland to the 2017 tax law that capped federal…
Bank of America first-quarter profits fall 12%, much less than rivals
NEW YORK — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the…
Congress seeks compromise to boost computer chip industry
WASHINGTON (AP) — A global computer chip shortage has made it harder for consumers to get their hands on cars, computers and other modern-day necessities,…
Biden to require U.S.-made steel, iron for infrastructure
WASHINGTON — The Biden administration is taking a key step to ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects…
China’s economy grows still-weak 4.8% in January-March
BEIJING — Chinese leaders face pressure to shore up sinking economic growth after Shanghai and other cities shut down to fight coronavirus outbreaks, threatening to…
Twitter adopts ‘poison pill’ defense in Musk takeover bid
PROVIDENCE, R.I. — Twitter said today that its board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s…
Modest-income buyers being priced out of new-vehicle market
DETROIT — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically…
Nepal running low on foreign exchange, discourages imports
KATHMANDU, Nepal — Nepal is running low on foreign currency reserves needed to import medicines, oil products, cars and a range of other items, and…