Business Stories from July 28, 2022 (Change date)
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Banks far from hitting Paris climate targets, groups warnJul 28, 2022 2:01 pm - 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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JetBlue is buying Spirit for $3.8 billion after bidding warJul 28, 2022 6:01 pm - 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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Meta, Comcast fall; Harley-Davidson, Frontier riseJul 28, 2022 3:30 pm - 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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EXPLAINER: How do we know when a recession has begun?Jul 28, 2022 12:30 pm - WASHINGTON (AP) - The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession - if not already in one - b...
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German inflation rate slips again in July from month beforeJul 28, 2022 8:00 am - BERLIN (AP) - Germany's annual inflation rate has declined slightly for the second consecutive month, official data showed Thursday, but July's pace of 7.5% was still wi...
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Merck beats expectations, helped by Keytruda salesJul 28, 2022 6:30 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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Altria's $13B investment in Juul e-cigarettes vaporizesJul 28, 2022 10:30 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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US not yet in recession and 4 other takeaways from the FedJul 28, 2022 6:30 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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Asian shares, oil prices mostly higher after Fed rate hikeJul 28, 2022 12:30 am - BANGKOK (AP) - Shares were mostly higher in Asia on Thursday after the Federal Reserve ratcheted up its campaign against surging inflation by raising its key interest ra...
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Cars hit tires dumped on Dutch highway amid farmer protestsJul 28, 2022 5:00 am - THE HAGUE, Netherlands (AP) - Cars crashed into tires and other garbage piled on a highway in the northern Netherlands in the early hours of Thursday, police said, as pr...
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