By JAMEY KEATEN, Associated Press BERN, Switzerland (AP) — Switzerland’s new attorney general is pushing parliament to give his office more tools to fight white-collar crime. The country’s maximum financial penalty on corporations for wrongdoing is just 5 million Swiss francs ($5 million), and that’s “ridiculous,” Stefan Blaettler said Friday in an interview on the…
Business travel is making a comeback and could constrain already tight supplies of rental cars when it finally recovers, Hertz chief executive Stephen Scherr told CNBC’s Jim Cramer on Thursday. “Corporate business is trending upwards, make no mistake about it. I’m confident that that starts to come back, and I think the in-bound visitor from…
G/O Media, which operates online properties such as Deadspin, Gizmodo and Jezebel, is acquiring online business news site Quartz, marking another move in the consolidating digital-media landscape. Representatives from G/O Media and Quartz declined to disclose the deal price. Zach Seward, the chief executive at Quartz, will stay at the company as its editor in…
By ELAINE KURTENBACH, AP Business Writer Asian shares logged moderate gains on Thursday after Wall Street stabilized following a sell-off in tech stocks the day before. Tokyo’s Nikkei 225 rose 1% to 26,642.88 after the Bank of Japan wrapped up a policy meeting with no major changes, maintaining its near-zero interest rate stance despite a…
By DAVID KOENIG, AP Business Writer DALLAS (AP) — Ford Motor Co. reported Wednesday that it lost $3.1 billion in the first quarter, weighed down by its investment in an electric-vehicle startup, and its revenue slid as a shortage of chips limited the supply of pickups and SUVs in North America. Company executives pointed away…
DEKALB, Ill. (AP) — Meta, the parent company of Facebook, is expanding a data center in northern Illinois and says more than 200 operational jobs will be based there once complete. The company announced the expansion Wednesday. The company announced its initial plan for the DeKalb data center in June 2020, proposing an $800 million…
LVIV, Ukraine (AP) — Belarus’ top independent journalists’ organization has been awarded a UNESCO press freedom award. The Belarusian Association of Journalists has been named as the laureate of the 2022 UNESCO/Guillermo Cano World Press Freedom Prize — a $25,000 award for “outstanding contributions to the defense or promotion of press freedom especially in the…
By DAVID KLEPPER, Associated Press PROVIDENCE, R.I. (AP) — Three days before Elon Musk agreed to buy Twitter, the world’s richest man tweeted a photo of Bill Gates and used a crude sexual term to make fun of his belly. Playful, aggressive and often juvenile, Musk’s past tweets show how he has used social media…
By MICHAEL LIEDTKE, AP Technology Writer SAN RAMON, Calif. (AP) — Google’s corporate parent on Tuesday posted its slowest quarterly revenue growth since 2020, the latest sign that the huge gains enjoyed by technology companies during the pandemic are fading into the rear-view mirror. For most companies, the numbers announced by Alphabet Inc. would be…
By STAN CHOE, AP Business Writer NEW YORK (AP) — More workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some of their 401(k) savings and contributions…
