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Business

Edmunds: The most affordable new SUVs for 2021

SUVs top nearly every automaker's sales charts and they're not cheap. Any given SUV costs a few thousand more than its closest sedan counterpart. To help ease the sticker shock, Edmunds' experts have compiled a list of five SUVs that come in a variety of sizes and have unusually low starting ...

Global stocks mostly rise after lackluster day on Wall St

TOKYO (AP) — Global shares were mostly higher on Wednesday as optimism over progress on coronavirus vaccinations offset worries over flaring outbreaks in many countries. France's CAC 40 edged 0.3% higher in early trading to 6,150.27. Germany's DAX added 0.1% to 15,227.91. Britain's FTSE ...

Japan’s Toshiba studies acquisition proposal by global fund

TOKYO (AP) — Japan's Toshiba Corp. says it is considering a preliminary acquisition proposal that would take the technology conglomerate private. Toshiba said Wednesday that it asked for more details on the proposal it received on Tuesday, was giving it "careful consideration" and would ...

McConnell warns biz off political speech, says it’s ‘stupid’

WASHINGTON (AP) — Senate Republican leader Mitch McConnell said Tuesday it's "quite stupid" for corporations to speak out against the Georgia voting law, intensifying his warnings for big business to stand down as Congress delves into President Joe Biden's infrastructure package and other ...

Man accused in $227M Ponzi scheme involving film rights

LOS ANGELES (AP) — A Los Angeles man was arrested Tuesday on suspicion of running a $227 million Ponzi scheme that solicited investors for phony film licensing deals, federal prosecutors said. Zachary Joseph Horwitz, 34, was charged with wire fraud, which carries a statutory maximum ...

AP FACT CHECK: Biden’s job inflation on infrastructure

WASHINGTON (AP) — President Joe Biden and his team have offered a vastly inflated projection of how many jobs his infrastructure plan would create, an account his press secretary corrected Tuesday. Biden has also drifted beyond the facts when dismissing the potential downsides of the tax ...

Asian stocks mixed after Wall St rally on economic optimism

TOKYO (AP) — Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic. Japan's benchmark Nikkei 225 lost early gains and fell 1.3% to finish at 29,696.63. Australia's S&P/ASX 200 was up 0.8% at 6,885.90. South ...

Biden boosted by Senate rules as GOP bucks infrastructure

WASHINGTON (AP) — With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans, summoning public support to push past the Republicans lining up against the massive effort they sum up as big taxes, big spending and big ...

EU approves $4.7 billion in state aid to carrier Air France

BRUSSELS (AP) — The European Union has approved $4.7 billion in state aid for national carrier Air France as it struggles through the economic impact of the COVID-19 pandemic, a decision the French government welcomed as "good news." In return for the aid, the carrier has promised to make ...

High court sides with Google in copyright fight with Oracle

WASHINGTON (AP) — Technology companies sighed with relief Monday after the Supreme Court sided with Google in a copyright dispute with Oracle. The high court said Google did nothing wrong in copying code to develop the Android operating system now used on most smartphones. To create ...

Norwegian Cruises asks CDC to allow trips from US in July

The Norwegian Cruise Line is seeking permission to resume trips from U.S. ports on July 4, requiring passengers and crew members to be vaccinated against COVID-19 at least two weeks before the trip. The Miami company said its precautions go well beyond steps taken by others in the travel and ...

Yellen calls for minimum global corporate income tax

WASHINGTON (AP) — U.S. Treasury Secretary Janet Yellen on Monday urged the adoption of a minimum global corporate income tax, an effort to at least partially offset any disadvantages that might arise from the Biden administration's proposed increase in the U.S. corporate tax rate. Citing a ...

Corporations gave over $50M to voting restriction backers

WASHINGTON (AP) — When executives from Coca-Cola and Delta Airlines spoke out against Georgia's new voting law as unduly restrictive last week, it seemed to signal a new activism springing from corporate America. But if leaders of the nation's most prominent companies are going to reject ...

SKorea’s LG to exit loss-making mobile phone business

SEOUL, South Korea (AP) — South Korean electronics maker LG said Monday it is getting out of its loss-making mobile phone business to focus on electric vehicle components, robotics, artificial intelligence and other products and services. LG's board approved the shift in strategy and the ...

Asian markets mixed, US futures up after Wall St hits record

BEIJING (AP) — Asian stock markets were mixed and U.S. futures were higher Monday after Wall Street rose to a record on optimism the spread of coronavirus vaccines might allow global business to return to normal. Tokyo and Seoul rose while India and Thailand retreated. Markets in Europe, ...

Facebook data on more than 500M accounts found online

NEW YORK (AP) — Details from more than 500 million Facebook users have been found available on a website for hackers. The information appears to be several years old, but it is another example of the vast amount of information collected by Facebook and other social media sites, and the ...

Millyard Bank brings real-world finance lessons to students

NASHUA – Most seventh and eighth grade students may know a bit about saving money, but the 60 seventh and eighth graders at World Academy in Nashua are learning about personal finance and banking from real-life bankers thanks to Millyard Bank’s new ‘Millyard Bank University’ educational ...

It’s difficult to make predictions: especially about the future

An interesting thing happened while I was taping the Free Money Radio Hour this week (every Sunday at noon on WCAP, Lowell). We were talking about the recent decline in the market that had been triggered by last week’s interest rate hike. As we were talking, I revealed I was unaware of that ...

Fitness studio relies on CASPR for sanitization

NASHUA – For Adrienne Boss, owner of two Pure Barre fitness studios, one in Nashua at 112 Spitbrook Rd., and the other in Bedford at 79 S. River Rd., reassuring clients that her studios followed the strictest guidance for clean air and surfaces came down to CASPR. The acronym stands for ...