Authors TOM KRISHER and MATT O’BRIEN, AP Business Writers DETROIT (AP) – The board of Twitter said it had adopted a so-called “poison pill” to protect the social media platform from “coercive or otherwise unfair” takeover tactics. The company announced the move on Friday and provided further details in a regulatory finding early Monday. Last … Read more
Author: JOSH BOAK, Associated Press WASHINGTON (AP) – The Biden administration is taking a key step to ensure that federal dollars support US production – issuing demands for $ 1 trillion in bipartisan infrastructure-funded projects to raise their building materials. The guideline issued on Monday requires that the purchased material – whether it be a … Read more
ELAINE KURTENBACH, AP Business Writer BANGKOK (AP) – Shares in Asia were mostly lower after China announced on Monday that its economy was growing at an annual rate of 4.8% in January-March. Benchmarks fell in Tokyo, Taipei and Shanghai. The soul has moved higher. Hong Kong and Sydney have been closed due to the holidays. … Read more
Author: JOE McDONALD, AP Business Writer BEIJING (AP) – China’s economic growth rose to 4.8% in the first three months of 2022, compared to the previous year, as a wave of coronavirus outbreaks led to the closure of industrial sites. Government data on Monday showed that growth of 4% in the previous quarter rose from … Read more
LONDON (AP) – Six people have been arrested after climate change activists climbed an oil tanker in central London to protest fossil fuel investment, British police said on Saturday. The climate group Extinction Rebellion said that among the Friday protesters were two Olympic athletes – canoeist Etienne Stott and Laura Baldwin, who won a gold … Read more
MEXICO CITY (AP) – The Mexican Congress is due to vote on a constitutional reform pushed by President Andrés Manuel López Obrador that would cancel much of the opening of the electricity market by his predecessor. It is not clear whether López Obrador has the votes to push for reform. However, the US and other … Read more
From MICHAEL LIEDTKE, AP Technology Writer Twitter is trying to thwart an attempt to take over billionaire Elon Musk with a “poison pill” – a financial tool companies have been using against unwelcome suitors for decades. WHAT ARE POISON TABLES? The components of each poison pill are different, but they are all designed to give … Read more
COLLEEN BARRY and ANGELA CHARLTON, Associated Press PARIS (AP) – French President Emmanuel Macron and his far-right challenger in a French presidential poll, Marine Le Pen, on Friday condemned a “shocking” payment of several million euros to CEO Stellantis. Stellantis CEO Carlos Tavares’ remuneration package of € 19.15 million just a year after the company … Read more
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) – Asian stocks fell in subdued trading as markets closed on Good Friday and other holidays. Benchmarks fell in Tokyo, Seoul and Shanghai. Sydney, Manila, Bangkok and Hong Kong were among the holiday-observing markets on Friday. American and European markets were also closed. The shutdowns in major … Read more
Author: ANNE D’INNOCENZIO, The Associated Press NEW YORK (AP) – Retail sales rose slightly in March, but higher prices for food, gasoline and other basic products took away much of consumers’ wallets. Retail sales rose 0.5% after registering a revised increase of 0.8% from January to February, the US Department of Commerce reported on Thursday. … Read more