Challenger wins close race to lead United Auto Workers union
March 25, 2023 GMTDETROIT (AP) — A challenger defeated the president of the United Auto Workers in a close election and vowed Saturday to take a more confrontational stance in negotiating with the big automakers.
A court-appointed monitor declared challenger Shawn Fain the winner over incumbent Ray Curry.
Judge rules online archive’s book service violated copyright
March 25, 2023 GMTNEW YORK (AP) — A federal judge has sided with four publishers who sued an online archive over its unauthorized scanning of millions of copyrighted works and offering them for free to the public. Judge John G.
Intel co-founder, philanthropist Gordon Moore dies at 94
March 25, 2023 GMTSAN FRANCISCO (AP) — Gordon Moore, the Intel Corp. co-founder who set the breakneck pace of progress in the digital age with a simple 1965 prediction of how quickly engineers would boost the capacity of computer chips, has died.
Financial markets
Wall Street ends higher, marking 2nd winning week in a row
UPS AND DOWNS NEW YORK (AP) _ The following list shows the Nasdaq stocks and warrants that have gone up the most and down the most based on percent of change. Only securities with closing prices or previous closing prices of at least $2 and at least 1000 shares traded are included. Net and percentage changes are the difference between last week's closing price and this week's closing price. UPS Name LastChgPct.
BC-Daily Register
How major US stock indexes fared Friday 3/24/2023
Oxford Industries, Scholastic fall, Activision rises
UPS AND DOWNS NEW YORK (AP) _ The following list shows the Nasdaq stocks and warrants that have gone up the most and down the most based on percent of change. Only securities with closing prices or previous closing prices of at least $2 and at least 1000 shares traded are included. Net and percentage changes are the difference between last week's closing price and this week's closing price. UPS Name LastChgPct.
BC-Daily Register
How major US stock indexes fared Friday 3/24/2023
Oxford Industries, Scholastic fall, Activision rises
Renamed Horseshoe to host Poker World Series on Vegas Strip
March 25, 2023 GMTLAS VEGAS (AP) — A name paired with poker and Las Vegas lore now has a place on the neon-lit Strip following the rebranding of an iconic hotel with a memorable history at a crossroads shared with some of the most recognizable casinos in the world.
Biden’s moves on Alaska drilling, TikTok test young voters
March 25, 2023 GMTTEMPE, Ariz. (AP) — Recent moves by President Joe Biden to pressure TikTok over its Chinese ownership and approve oil drilling in an untapped area of Alaska are testing the loyalty of young voters, a group that’s largely been in his corner.
Germany, EU reach agreement in combustion engine row
March 25, 2023 GMTBERLIN (AP) — Germany and the European Union announced Saturday that they have reached an agreement in their dispute over the future of cars with combustion engines, allowing the registration of new vehicles with such engines even after 2035 provided they use climate-neutral fuel only.
Deutsche Bank shares drop amid global jitters over banks
March 24, 2023 GMTFRANKFURT, Germany (AP) — Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market.
‘What can we do?’: Millions in African countries need power
March 25, 2023 GMTJOHANNESBURG (AP) — From Zimbabwe, where many must work at night because it's the only time there is power, to Nigeria where collapses of the grid are frequent, the reliable supply of electricity remains elusive across Africa.
Why does US see Chinese-owned TikTok as a security threat?
March 24, 2023 GMTBEIJING (AP) — U.S. lawmakers have grilled TikTok CEO Shou Zi Chew about data security and harmful content, with some pushing to ban the popular short-video app nationwide.
EU leaders play down bank risks as economy weakens
March 24, 2023 GMTBRUSSELS (AP) — European Union leaders Friday played down the risk of a banking crisis developing from recent global financial turbulence and hitting the economy even harder than the energy crunch tied to Russia’s war in Ukraine.
Search on for missing in deadly chocolate factory explosion
March 25, 2023 GMTWEST READING, Pa. (AP) — An explosion at a chocolate factory in Pennsylvania on Friday killed two people and left five people missing, authorities said. One person was pulled alive from the rubble overnight.
Bank failures and rescue test Yellen’s decades of experience
March 25, 2023 GMTWASHINGTON (AP) — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S.
Venezuela: 21 officials, businessmen arrested in oil scheme
March 25, 2023 GMTCARACAS, Venezuela (AP) — Venezuela’s attorney general said Saturday that 21 people, including senior officials in the government of President Nicolás Maduro and business leaders, have been arrested in connection with a corruption scheme involving international oil sales.
Finnish leadership condemns attack on veteran lawmaker
March 25, 2023 GMTHELSINKI (AP) — Finland’s leaders strongly condemned an assault on a Jewish lawmaker who was assaulted and punched in the face Saturday while campaigning for the country's April 2 general election.
Idaho governor signs firing squad execution bill into law
March 25, 2023 GMTBOISE, Idaho (AP) — Republican Gov. Brad Little signed a bill allowing execution by firing squad, making Idaho the latest state to turn to older methods of capital punishment amid a nationwide shortage of lethal-injection drugs.
Canada pledges Great Lakes funding after Trudeau-Biden talks
March 25, 2023 GMTTRAVERSE CITY, Mich. (AP) — Canada has pledged a significant increase in spending to improve water quality in the Great Lakes following Prime Minister Justin Trudeau's meeting with U.S. President Joe Biden, whose administration also has boosted funding for the shared waters.
India’s Rahul Gandhi accuses PM Modi of favoring Adani Group
March 25, 2023 GMTNEW DELHI (AP) — India’s top opposition leader Rahul Gandhi on Saturday launched a scathing attack on Prime Minister Narendra Modi and said he was being targeted because he has raised serious questions about Modi's relationship with the Indian business conglomerate Adani Group.
Jet pitched wildly, killing 1, amid cockpit warnings: NTSB
March 25, 2023 GMTHARTFORD, Conn. (AP) — A business jet flying over New England violently pitched upward then downward, fatally injuring a passenger, after pilots responding to automated cockpit warnings switched off a system that helps keep the aircraft stable, U.S.
Geothermal developer wants to delist endangered Nevada toad
March 25, 2023 GMTRENO, Nev. (AP) — In an unusual move that could pit two Biden administration agencies against each other, the developer of a planned Nevada geothermal power plant says it intends to sue U.S wildlife officials to overturn the endangered species listing of a toad in adjacent wetlands.
Short on planes, American will suspend some flights to Spain
March 25, 2023 GMTFORT WORTH, Texas (AP) — American Airlines said Friday that it will suspend flights between Philadelphia and Madrid for a few weeks this spring because of delays in receiving new Boeing jets that have been plagued by production problems.
Minnesota nuclear plant shuts down for leak; residents worry
March 24, 2023 GMTMONTICELLO, Minn. (AP) — A Minnesota utility began shutting down a nuclear power plant near Minneapolis on Friday after discovering water containing a low level of radioactive material was leaking from a pipe for the second time. While the utility and health officials say it is not dangerous, the issue has prompted concerns among nearby residents and raised questions about aging pipelines.
New Orleans attempts again to regulate vacation rentals
March 24, 2023 GMTTourism-dependent New Orleans has adopted new regulations on Airbnb-style short term rentals, including a limit on licenses to one property per block and a requirement that the licensee live on the property.
Utah social media law is ambitious, but is it enforceable?
March 24, 2023 GMTUtah's sweeping social media legislation passed this week is an ambitious attempt to shield children and teens from the ill effects of social media and empower parents to decide whether their kids should be using apps like TikTok or Instagram.
BC-Index fut.
March 24, 2023 GMTNEW YORK (AP) — Stock index futures Friday:
Standard & Poors Index and Nikkei 225 Index futures trade on the Chicago Mercantile Exchange.
NYSE Index futures trade on the IntercontinentalExchange.
Bezos’ rocket company pins crash on overheated engine nozzle
March 24, 2023 GMTCAPE CANAVERAL, Fla. (AP) — An overheated rocket engine nozzle caused last year’s Blue Origin launch failure that has grounded flights for six months, the company said Friday.
Knight Foundation leader to retire, leaving powerful legacy
March 24, 2023 GMTAlberto Ibargüen announced Friday that he was stepping down as the leader of the John S. and James L. Knight Foundation, ending a run as the grantmaker’s president that began in the George W. Bush administration.
BC-Cotton
March 24, 2023 GMTNEW YORK (AP) — Cotton No. 2 Futures on the IntercontinentalExchange (ICE) Friday:
ConocoPhillips details gas leak cause, remedies at hearing
March 24, 2023 GMTANCHORAGE, Alaska (AP) — ConocoPhillips, which last week received U.S. government approval for the massive Willow oil drilling project in Alaska, detailed reasons for a natural gas leak at another North Slope field that prompted the evacuation of 300 employees last year.
Ford’s Tenn. plant could make 500K electric pickups a year
March 24, 2023 GMTSTANTON, Tenn. (AP) — Ford said Friday that its assembly plant under construction in western Tennessee will be able to build up to 500,000 electric pickup trucks a year at full output, part of the automaker's drive to produce 2 million electric vehicles worldwide annually by late 2026.
Georgia Senate budget targets public media, cyber center
March 24, 2023 GMTATLANA (AP) — Beyond cutting overall university and college spending, a Georgia Senate budget proposal also targets Georgia Public Broadcasting and the Georgia Cyber Innovation and Training Center in Augusta.
Initial public offerings scheduled to debut next week
March 24, 2023 GMTNEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Initial public offerings scheduled to debut next week
March 24, 2023 GMTNEW YORK (AP) — The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Closing prices for crude oil, gold and other commodities
March 24, 2023 GMTBenchmark U.S. crude oil for May delivery fell 70 cents to $69.26 a barrel Friday. Brent crude for May delivery fell 92 cents to $74.99 a barrel.
Wholesale gasoline for April delivery fell 2 cents to $2.59 a gallon.
France bans TikTok, Twitter from government staff phones
March 24, 2023 GMTPARIS (AP) — France announced Friday it is banning the “recreational” use of TikTok, Twitter, Instagram and other apps on government employees' phones because of concern about insufficient data security measures.
Debt, expenses stress lower income households: AP-NORC poll
March 24, 2023 GMTNEW YORK (AP) — Personal finances are a major source of stress for about half of the lower income households in the U.S., a new poll shows, illustrating the toll of high inflation and economic uncertainty on those who can least afford it.
Washington Supreme Court upholds effort to balance tax code
March 24, 2023 GMTSEATTLE (AP) — The Washington Supreme Court on Friday upheld the state's new capital gains tax, which was adopted by lawmakers in an effort to balance what is considered the nation's most regressive tax code.
Much of West Coast faces ban to fish salmon amid low stocks
March 24, 2023 GMTSAN DIEGO (AP) — As drought dried up rivers that carry California’s newly hatched Chinook salmon to the ocean, state officials in recent years resorted to loading up the fish by the millions onto trucks and barges to take them to the Pacific.
North Carolina unemployment rate falls to 3.6% in February
March 24, 2023 GMTRALEIGH, N.C. (AP) — North Carolina's unemployment rate declined to 3.6% in February, the state Commerce Department announced on Friday, marking its lowest level since last June.
Chad nationalizes assets by oil giant Exxon, says government
March 24, 2023 GMTDAKAR, Senegal (AP) — Chad is nationalizing all assets from multinational oil giant Exxon Mobil, including its hydrocarbon and exploration permits, said the government.
″The finance and budget minister must make sure the said decree is implemented from the date of its publishing," said Haliki Choua Mahamat the government's general secretary on state media.
Polish coal miners protest EU methane reduction regulations
March 24, 2023 GMTWARSAW, Poland (AP) — Polish coal miners angered by a European Union directive aiming to reduce methane emissions protested noisily Friday before the EU office in Warsaw saying it will deprive them of their jobs.
UK watchdog softens position on Microsoft Activision deal
March 24, 2023 GMTLONDON (AP) — British antitrust regulators scrutinizing Microsoft's blockbuster purchase of videogame maker Activision Blizzard on Friday dropped concerns that the deal would hurt the console gaming market, narrowing the scope of their investigation.
In Your Debt: Doing the bare minimum with debt can cost you
March 24, 2023 GMTWhen you’re carrying a credit card balance, paying at least the minimum due each month is certainly a start. If those payments aren’t making your overall budget feel squeezed, you have all the more reason to put payments on autopilot and not think about the total cost of your debt.
Scandal-plagued Japan tech giant Toshiba gets tender offer
March 24, 2023 GMTTOKYO (AP) — Scandal-embattled Japanese electronics and technology manufacturer Toshiba has accepted a 2 trillion yen ($15 billion) tender offer from Japan Industrial Partners, a buyout fund made up of major banks and companies.
Corruption, deep disparity mark Iraq’s oil legacy post-2003
March 24, 2023 GMTNAHRAN OMAR, Iraq (AP) — The oil is pumped 24 hours a day several meters from Raghed Jasim’s home in Iraq’s crude-rich southern heartland. Gas flares from the field light the night sky bright orange, spewing acrid smoke; when the wind picks up, the 40-year old’s clothes are coated black.
Asian shares fall on banking turmoil, recession worries
March 24, 2023 GMTBANGKOK (AP) — Shares fell Friday in Asia as worries over turmoil in the banking sector and recession risks overshadowed gains on Wall Street.
Benchmarks declined in most major markets, while U.S.
Radioactive water leaks at Minn. nuclear plant for 2nd time
March 24, 2023 GMTMONTICELLO, Minn. (AP) — Water containing a radioactive material has leaked for a second time from a nuclear plant near Minneapolis and the plant will be shut down, but there is no danger to the public, the plant’s owner said Thursday.
Officials: Safety device, human error derailed Wash. train
March 24, 2023 GMTANACORTES, Wash. (AP) — A safety device meant to keep trains from tipping into Puget Sound knocked a train off the tracks last week, spilling 3,100 gallons (11,734 liters) of diesel fuel in Washington state, according to the Federal Railroad Administration.
Do Kwon, wanted in $40B crypto crash, arrested in Montenegro
March 24, 2023 GMTPODGORICA, Montenegro (AP) — Police in Montenegro have arrested Terraform Labs founder Do Kwon, who is wanted in South Korea in connection with a $40 billion crash of the firm’s cryptocurrency that devastated retail investors around the world, the European country’s interior minister said Thursday.
Los Angeles school strike ends, but no deal announced
March 24, 2023 GMTLOS ANGELES (AP) — A three-day strike by workers in the Los Angeles Unified School District ended Thursday, but it wasn't immediately clear if any progress was made in negotiations for higher pay for teachers’ aides, bus drivers, custodians and other support staff in the nation's second-largest school system.
Violent French pension protests erupt as 1M demonstrate
March 24, 2023 GMTPARIS (AP) — More than 1 million people demonstrated across France on Thursday against unpopular pension reforms, and violence erupted in some places as unions called for new nationwide strikes and protests next week, coinciding with King Charles III's planned visit to France.
NC approves Medicaid expansion, reversing long opposition
March 24, 2023 GMTRALEIGH, N.C. (AP) — A Medicaid expansion deal in North Carolina received final legislative approval on Thursday, capping a decade of debate over whether the closely politically divided state should accept the federal government's coverage for hundreds of thousands of low-income adults.
Biden’s Canada agenda stacked: NORAD, migration deals likely
March 24, 2023 GMTOTTAWA, Ontario (AP) — President Joe Biden arrived in Canada on Thursday for talks with Prime Minister Justin Trudeau on several of the world's most difficult challenges: the war in Ukraine, climate change, trade, mass migration and an increasingly assertive China.
SC Senate OKs bill barring ‘foreign adversary’ land holdings
March 24, 2023 GMTCOLUMBIA, S.C. (AP) — South Carolina's Republican-controlled Senate passed a bill Thursday that would bar citizens of “foreign adversary” nations from buying property in the state, an anti-espionage measure that critics fear will chill overseas investments over outsize concerns.
Massachusetts train derails, no hazardous cargo reported
March 24, 2023 GMTAYER, Mass. (AP) — Five freight train cars derailed in Massachusetts on Thursday, but no hazardous materials were being hauled and there were no reports of injuries, according to authorities.
The freight cars that toppled over at about 11:30 a.m.
TikTok CEO grilled by skeptical lawmakers on safety, content
March 23, 2023 GMTTom Brady becomes minority owner of WNBA’s Las Vegas Aces
March 23, 2023 GMTLAS VEGAS (AP) — Seven-time Super Bowl champion quarterback Tom Brady has acquired an ownership stake in the WNBA champion Las Vegas Aces.
He attended an Aces game on May 31 and later sent Las Vegas star Kelsey Plum a jersey and other gifts.
Official: Willow oil project holds promise, faces obstacles
March 23, 2023 GMTJUNEAU, Alaska (AP) — The Willow oil project on Alaska's petroleum-rich North Slope is part of a “new era” of large-scale development in the region but it isn't a sure thing, with litigation and costs among the factors that stand as potential impediments, a state official told lawmakers Thursday.
Ford says EV unit losing billions, should be seen as startup
March 23, 2023 GMTDETROIT (AP) — Ford Motor Co.'s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.
House GOP fails to override Biden veto of ESG investing ban
March 23, 2023 GMTWASHINGTON (AP) — The U.S. House failed Thursday to override President Joe Biden's first veto — of a Republican-led bill that would have banned the consideration of environmental, social or governance issues in retirement and other investment decisions.
New Starbucks CEO plans to work in stores monthly
March 23, 2023 GMTStarbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to its culture and customers.
Narasimhan, who took the reins as CEO earlier this week, said in a letter to Starbucks’ employees Thursday that he also expects the company’s leadership team to be connected and engaged in stores.
Trump arrested? Putin jailed? Fake AI images spread online
March 23, 2023 GMTNEW YORK (AP) — Former President Donald Trump getting gang-tackled by riot-gear-clad New York City police officers. Russian President Vladimir Putin in prison grays behind the bars of a dimly lit concrete cell.
Norfolk Southern won’t push for one-person train crews
March 23, 2023 GMTRailroad Norfolk Southern is backing away from its push to reduce its train crews down to one person, the company said Thursday in a joint announcement with the nation’s largest rail union.
The two sides said they will instead focus on quality of life issues for employees, such as scheduling and days off, during their ongoing contract talks.
No red carpet? French unrest impacts King Charles III’s trip
March 23, 2023 GMTPARIS (AP) — Unrest in France is tarnishing the sheen of King Charles III's first overseas trip as U.K.
Disney World reaches union deal with minimum $18 hourly wage
March 23, 2023 GMTORLANDO, Fla. (AP) — Unions for service workers at Walt Disney World reached a tentative deal with the company on Thursday that would raise the starting minimum wage from $15 to $18 an hour by the end of the year in a pact that could set the basement for starting pay throughout central Florida's sprawling tourism industry.
Lawyer demands Fox apologize for Jan. 6 conspiracy theory
March 23, 2023 GMTNEW YORK (AP) — The lawyer for a one-time supporter of former President Donald Trump who has been caught up in a Jan. 6 conspiracy theory demanded Thursday that Fox News and host Tucker Carlson retract and apologize for repeated “falsehoods" about the man's supposed intentions.
Fed’s unwanted ally in bid to tame inflation: Credit crunch
March 23, 2023 GMTWASHINGTON (AP) — The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: a cutback in bank lending.
The upheaval in the financial system that's followed the collapse of two major U.S.
BC-Index fut.
March 23, 2023 GMTNEW YORK (AP) — Stock index futures Thursday:
Standard & Poors Index and Nikkei 225 Index futures trade on the Chicago Mercantile Exchange.
NYSE Index futures trade on the IntercontinentalExchange.
TikTok CEO Shou Zi Chew: 3 things to know
March 23, 2023 GMTTikTok CEO Shou Zi Chew testified Thursday at a congressional hearing over concerns about user data collected by the popular video-sharing app and potential Chinese spying.
Under his helm, TikTok reached 150 million users in the U.S., the majority of them teens and young adults who are attracted to the app’s simple interface and addictive algorithm that serves up short videos on just about any imaginable topic.
EU leaders endorse joint ammo purchases for Ukraine
March 23, 2023 GMTBRUSSELS (AP) — European Union leaders endorsed a plan Thursday for sending Ukraine 1 million rounds of artillery ammunition within the next 12 months to help the country counter Russia’s invasion forces.
Man United sale: Jim Ratcliffe says he’s submitted 2nd bid
March 23, 2023 GMTMANCHESTER, England (AP) — The proposed sale of Manchester United gathered pace Thursday when British billionaire Jim Ratcliffe said he had submitted a second bid for the iconic soccer team.
Hyundai, Kia recall more than 570,000 vehicles due to fire risk
March 23, 2023 GMTDETROIT (AP) — Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors because the tow hitch harnesses can catch fire while they are parked or being driven.
How major US stock indexes fared Thursday 3/23/2023
March 23, 2023 GMTStocks closed mostly higher after a wobbly day of trading as worries continued to rise about the banking industry.
The S&P 500 rose 0.3% Thursday after veering all the way from a 1.8% gain earlier in the day to a 0.4% loss.
KB Home, Worthington rise; MillerKnoll, Trupanion fall
March 23, 2023 GMTNEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday:
KB Home, up $2.77 to $39.57.
The homebuilder beat analysts' fiscal first-quarter profit and revenue forecasts.