Business Stories from July 28, 2022 (Change date)
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Altria's $13B investment in Juul e-cigarettes vaporizesJul 28, 2022 7:00 am - WASHINGTON (AP) - Cigarette maker Altria's $13 billion investment in the troubled vaping company Juul has gone up in smoke - now worth less than 5% of its original value...
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Merck beats expectations, helped by Keytruda salesJul 28, 2022 7:00 am - Merck's second-quarter sales and profit easily beat Wall Street expectations Thursday, boosted by sales growth of some of its key drugs. Merck & Co. posted profit of $3....
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US not yet in recession and 4 other takeaways from the FedJul 28, 2022 7:00 am - WASHINGTON (AP) - Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focuse...
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JetBlue is buying Spirit for $3.8 billion after bidding warJul 28, 2022 7:00 am - JetBlue Airways is buying Spirit Airlines for $3.8 billion in a deal that could increase competition at the top end of the U.S. airline industry while eliminating the la...
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Banks far from hitting Paris climate targets, groups warnJul 28, 2022 7:00 am - The world's most influential banks need to substantially accelerate climate efforts if global temperature rise is to be kept within the targets of the Paris Agreement, a...
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Meta, Comcast fall; Harley-Davidson, Frontier riseJul 28, 2022 7:00 am - Stocks that traded heavily or had substantial price changes Thursday: Meta Platforms Inc., down $8.86 to $160.72. The owner of Facebook and Instagram said its revenue f...
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Gov't: US Bank workers opened fake accounts for sales goalsJul 28, 2022 7:00 am - NEW YORK (AP) - For more than a decade, US Bank pressured its employees to open fake accounts in their customers' names in order to meet unrealistic sales goals, the Con...
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Grains higher, Livestock mixedJul 28, 2022 7:00 am - Wheat for Sep. gained 26.75 cents at $8.17 a bushel; Sep. corn rose 14.75 cents at $6.15 a bushel, Sep. oats was up 7.50 cents $4.48 a bushel; while Sep. soybeans advanc...
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Grains higher, Livestock mixedJul 28, 2022 7:00 am - Wheat for Sep. gained 26.75 cents at $8.17 a bushel; Sep. corn rose 14.75 cents at $6.15 a bushel, Sep. oats was up 7.50 cents $4.48 a bushel; while Sep. soybeans advanc...
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Samsung fined $9.8M for misleading Australian phone adsJul 28, 2022 7:00 am - CANBERRA, Australia (AP) - An Australian judge on Thursday ordered Samsung to pay 14 million Australian dollars ($9.8 million) in penalties for misleading advertising ov...