AP Business Writer

Michelle Chapman

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive rights in the United States.

National News |
Melinda French Gates to donate $1 billion over next 2 years in support of women’s rights

May 28, 2024 at 8:51 p.m.

Melinda French Gates says she will be donating $1 billion over the next two years to individuals and organizations working on behalf of women and families globally, including on reproductive...

Red Lobster said it will use the bankruptcy proceedings to simplify its operations, close restaurants and pursue a sale. As part of the filings, Red Lobster has entered into a so-called “stalking horse” agreement, meaning it plans to sell its business to an entity formed and controlled by its lenders.

Business |
Red Lobster seeks bankruptcy protection days after closing dozens of restaurants, including 2 in Hampton Roads

May 20, 2024 at 10:33 a.m.

Red Lobster said it will use the bankruptcy proceedings to simplify its operations, close restaurants and pursue a sale. As part of the filings, Red Lobster has entered into a...

Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into household budgets. The price cuts on as many as 5,000 food, beverage and household essential items is a bid to follow customers, many of whom are deploying a mix of strategies to find relief at the register. Last week McDonald’s said that it was planning to introduce a $5 meal deal in the U.S. next month to counter slowing sales and customer frustration with high prices. Walmart posted strong quarterly sales last week, driven by a influx of customers looking for bargains.

Retail |
Target to lower prices on thousands of basic items as inflation sends customers scrounging for deals

May 20, 2024 at 11:01 a.m.

Target is cutting prices on thousands of consumer basics this summer, goods ranging from diapers to milk, with more Americans paying closer attention to their spending as inflation cuts into...

TikTok will begin labeling content created using artificial intelligence when it’s uploaded from outside its own platform.

Business |
TikTok to start labeling AI-generated content as technology becomes more universal

May 9, 2024 at 1:17 p.m.

TikTok will begin labeling content created using artificial intelligence when it’s uploaded from outside its own platform.

Business |
Boeing CEO to step down in management shake-up as manufacturing issues plague storied plane maker

March 28, 2024 at 5:43 p.m.

A leadership shake-up at Boeing is highlighting the difficult path facing the iconic aircraft manufacturer as it tries to navigate through another safety crisis. CEO David Calhoun announced Monday that...

AT&T says the hourslong outage to its U.S. cellphone network appeared to be the result of a technical error, not a malicious attack. The Dallas-based company blamed the outage Thursday on an error in coding while it was expanding its network, without elaborating. It restored wireless coverage after the outage knocked out cellphone service on its network across the U.S. Outage tracker Downdetector noted that outages began at about 3:30 a.m. ET and peaked at around 73,000 reported incidents. AT&T had more than 58,000 outages around noon ET, in locations including Houston, Atlanta and Chicago. The carrier has more than 240 million subscribers, the country’s largest. By 8 p.m. ET, the outage reports on AT&T's network were down to fewer than 1,000.

Business |
AT&T says the outage to its US cellphone network was not caused by a cyberattack

February 22, 2024 at 9:08 p.m.

AT&T says the hourslong outage to its U.S. cellphone network appeared to be the result of a technical error, not a malicious attack. The Dallas-based company blamed the outage Thursday...

Universal Music Group, which represents artists including Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, says that it will no longer allow its music on TikTok now that a licensing deal between the two parties has expired.

Entertainment |
Taylor Swift, Drake and others may vanish from TikTok as licensing dispute boils over

January 31, 2024 at 8:00 a.m.

Universal Music Group, which represents artists including Taylor Swift, Drake, Adele, Bad Bunny and Billie Eilish, says that it will no longer allow its music on TikTok now that a...

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit.

Business |
Amazon cutting several hundred positions across Prime Video and MGM Studios unit

January 10, 2024 at 1:58 p.m.

Amazon is cutting several hundred positions across its Prime Video and MGM Studios unit.

Cedar Fair and Six Flags are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries. The combined company will include 27 amusement parks, 15 water parks and nine resort properties in the U.S., Canada, and Mexico.

Entertainment |
Cedar Fair, Six Flags merge to create powerhouse with 27 amusement parks. It will be headquartered in North Carolina.

November 2, 2023 at 1:08 p.m.

Cedar Fair and Six Flags are merging, creating an expansive amusement park operator with operations spread across 17 U.S. states and three countries. The combined company will include 27 amusement...

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge.

Business |
Chevron buys Hess for $53 billion, 2nd megadeal in the oil patch this month as energy prices soar

October 26, 2023 at 6:09 p.m.

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices...

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