Month: July 2021

By TOM KRISHER and MIKE HOUSEHOLDER DEARBORN, Mich. (AP) — For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot. Prices had rocketed more than 40% from their levels just before the viral pandemic …

A small victory: Used-car prices slip from dizzy heights Read More »

By DAVID KOENIG Rising concern about the fast-spreading delta variant of COVID-19 is creating turbulence for the stocks of big travel companies, but airline executives say they don’t see any slowdown in ticket sales, maybe because a high percentage of their best customers are fully vaccinated. “We haven’t seen any impact at all on bookings, …

US airlines say COVID-19 variants aren’t hurting bookings Read More »

By LINDA A. JOHNSON Johnson & Johnson’s second-quarter profit soared 73%, thanks to strong sales growth across all of its businesses as hospitals and the rest of the health care industry continued recovering from the coronavirus pandemic’s impact. The health care giant handily topped Wall Street expectations and hiked its 2021 sales and profit forecasts …

Strong Q2 from J&J as pandemic-hit sales, profit recover Read More »

By MATTHEW LEE WASHINGTON (AP) — The United States and Germany on Wednesday announced a deal to allow the completion of a controversial Russian gas pipeline to Europe without the imposition of further U.S. sanctions. The agreement aims to stanch fears about European dependence on Russian energy, but it was immediately assailed by critics who …

US, Germany seal deal on contentious Russian gas pipeline Read More »

By MARCY GORDON WASHINGTON (AP) — Americans would be freer to repair their broken cellphones, computers, videogame consoles and even tractors themselves, or to use independent repair shops, under changes being eyed by federal regulators. The regulators maintain that restrictions have steered consumers into manufacturers’ and sellers’ repair networks or led them to replace products …

Agency pledges tough action to buttress ‘right to repair’ Read More »

By ERIC TUCKER WASHINGTON (AP) — President Joe Biden and members of his national security team plan to meet next month with business executives about cybersecurity, an official said Wednesday. The Aug. 25 meeting comes as the White House is scrambling to help companies protect against ransomware attacks from Russia-based criminal syndicates and as the administration also …

Biden to meet next month with private sector on cyber issues Read More »

By ALAN FRAM WASHINGTON (AP) — Senate Democrats accused Republicans Wednesday of a “shameless, cynical” ploy that would damage the economy and the government’s credit rating after the chamber’s GOP leader said his party would vote against raising the federal debt limit. In the latest chapter of a broad budget battle likely to linger well …

Dems hit McConnell, who says GOP won’t back debt limit boost Read More »