Kellogg: Q1 earnings snapshot
BATTLE CREEK, Mich. — Kellogg Co. today reported first-quarter net income of $368 million. On a per-share basis, the company said it had net income…
AP Wire
Papa John’s: Q1 earnings snapshot
LOUISVILLE, Ky. — Papa John’s International Inc. today reported first-quarter profit of $33.9 million. On a per-share basis, the company said it had net income…
World mulls next step as U.S. backs waiving intellectual property protections on vaccines
GENEVA — Activists cheered, Big Pharma complained and government leaders assessed next steps today after the Biden administration’s blockbuster move to support an easing of…
Peloton recalls treadmills, halts sales, after a child dies
NEW YORK — Peloton is recalling about 125,000 of its treadmills less than a month after denying they were dangerous and saying it would not…
Ford is betting that solid-state batteries will cut EV costs
DETROIT — Ford has raised its stake in a manufacturer of solid-state batteries — a move that its chief product and operations officer, Hau Thai-Tang,…
Greek bond sale declared a success with near-zero yield
ATHENS, Greece — Greece’s finance minister said the country raised 3 billion euros ($3.6 billion) in a 5-year bond auction Wednesday at a record-low, near-zero…
Peloton recalls treadmills after a child dies
NEW YORK — Peloton is recalling its treadmills after one child died and 29 other children suffered from cuts, broken bones and other injuries from…
US services sector slows slightly in April after record high
WASHINGTON — Activity in the U.S. services sector, where most Americans work, slowed slightly in April after hitting an all-time high in March. The Institute…
Treasury warns of need to deal with national debt limit
WASHINGTON — The Treasury Department says it will employ measures to avoid an unprecedented default on the national debt this summer, but officials say those…
GM profit surges to $2.98 billion on sales of higher-margin trucks
DETROIT — General Motors’ first-quarter net income surged to $2.98 billion as strong U.S. consumer demand and higher prices offset production cuts brought on by…