CP railroad’s $31 billion purchase of Kansas City Southern advances
A railroad merger nearly derailed this year by a bidding war is moving forward ahead of a final say from regulators on Canadian Pacific’s $31…
AP Wire
Treasury awards $8.7 billion for lending in minority communities
WASHINGTON — The U.S. Treasury Department announced today the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living…
Fed to accelerate withdrawal of economic aid as prices surge
WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating…
Wholesale inflation jumps record 9.6% over past 12 months
Japan’s Toyota promises more electric models, investment
TOKYO — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, its president, Akio Toyoda, said…
NATO chief applies for job as Norway’s central bank governor
COPENHAGEN, Denmark — NATO Secretary-General Jens Stoltenberg said today that he has applied to be the next governor of Norway’s central bank in an appointment…
Hard Rock International buying The Mirage operation in Vegas
LAS VEGAS — Hard Rock International said Monday it wants to see how a guitar-shaped hotel will play at the heart of the Las Vegas…
UPDATE: Data indicate omicron is milder, better at evading vaccines
UPDATE JOHANNESBURG — The omicron variant appears to cause less severe disease than previous versions of the coronavirus, and the Pfizer vaccine seems to offer…
Time magazine’s ‘Person of the Year’ is Elon Musk
NEW YORK — Calling him a “clown, genius, edgelord, visionary, industrialist, showman,” Time magazine has named Tesla CEO Elon Musk as its Person of the…
Stocks pull back from records, weighed down by tech, energy
Technology and energy companies helped pull stocks lower on Wall Street Monday, a downbeat start to the week following the market’s best weekly gain since…