National Business - The Morning Sun

FILE - President Joe Biden drives a Cadillac Lyriq through the showroom during a tour at the Detroit Auto Show, Sept. 14, 2022, in Detroit. Ratcheting up his criticism of the Biden administration, Democratic Sen. Joe Manchin introduced legislation Wednesday to delay new tax credits for electric vehicles, a key feature of President Joe Biden’s landmark climate law. Manchin said guidelines issued by the Treasury Department allow manufacturers in Europe and other countries to bypass requirements that significant portions of EV batteries must be produced in North America. (AP Photo/Evan Vucci, File)

Treasury makes more electric SUVs eligible for tax credits

The Treasury Department said Friday it is making more electric vehicles — including SUVs made by Tesla, Ford and General Motors — eligible for tax credits of up to $7,500 under new vehicle … more

By MATTHEW DALY | 2/3/23

This image provided by McDonald's shows McDonald’s Happy Meal that features the Cactus Plant Flea Market toys. Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will willingly open their wallets to scratch that sentimental itch. That winning formula is being tweaked increasingly to create hybrids, however, products that possess the same heartfelt recognition, with a twist. (McDonald's via AP)

Nostalgia sells; nostalgia with a twist can be a smash

Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will willingly open their wallets to scratch that sentimental itch. That winning formula is … more

By MICHELLE CHAPMAN | 2/3/23

FILE - Britain's King Charles III and Camilla, the Queen Consort meet Wrexham Soccer team co owners, US actors Ryan Reynolds and Rob McElhenney and players during their visit to Wrexham Association Football Club's Racecourse Ground, in Wrexham, England, Friday, Dec. 9, 2022. The Hollywood owners of Wrexham are still learning the vernacular of British soccer. They don’t need any advice, though, in setting the scene for this weekend’s FA Cup match against second-division Sheffield United. (Arthur Edwards/Pool Photo via AP, File)

Wrexham to compete in 7-on-7 tournament in North Carolina

The fifth-tier Welsh club owned by actors Ryan Reynolds and Rob McElhenney will send a team to compete in a $1 million, winner-take-all, seven—on-seven tournament in June in Cary, North Carolina. … more

2/3/23

Elon Musk surprise appearance as Tesla tweet trial wraps up

A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator for Friday’s final arguments — Elon Musk, the billionaire who is … more

By MICHAEL LIEDTKE | 2/3/23

Spanish court: Amazon violated labor law with delivery app

A Spanish court says Amazon broke labor laws by forcing more than 2,000 delivery drivers to use an app that the company controlled for scheduling work and payments as well as requiring them to use … more

By JENNIFER O'MAHONY | 2/3/23

FILE - The Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles, June 13, 2013. Activision Blizzard agreed, Friday, Feb. 3, 2023 to pay a $35 million fine to settle federal regulatory charges that it failed to collect and respond to employee complaints of workplace misconduct and violated a federal whistleblower protection rule. (AP Photo/Jae C. Hong, File)

Activision settles another workplace suit for $35 million

Videogame maker Activision Blizzard has agreed to pay $35 million to settle federal regulatory charges that it failed to collect and respond to employee complaints of workplace misconduct and … more

By MATT OTT | 2/3/23

A construction worker pauses at a building site, Thursday, Jan. 26, 2023, in Boston. America's employers added a robust 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates.(AP Photo/Michael Dwyer)

An unexpected job surge confounds the Fed's economic models

Does the Federal Reserve have it wrong? For months, the Fed has been warily watching the economy’s robust job gains out of concern that employers, desperate to hire, will keep boosting pay and, in … more

By CHRISTOPHER RUGABER | 2/3/23

Ford returns to Formula One in partnership with Red Bull

Ford will return to Formula One as the engine provider for Red Bull Racing in a partnership announced Friday that begins with immediate technical support this season and engines in 2026. Red Bull … more

By JENNA FRYER | 2/3/23

FILE - In this Tuesday, Oct. 1, 2013, file photo, lawmaker of the extreme far-right Golden Dawn party Ilias Kasidiaris, center, is escorted by anti-terror police to a court for a preliminary hearing into charges of participating in a criminal organization in Athens. Greece's government is seeking to ban a far-right political party led by the jailed former lawmaker from participating in a general election later this year, with a legislative initiative that has gained cross party support. Ilias Kasidiaris, 42, founded the Greek National Party two years ago. (AP Photo/Thanassis Stavrakis, File)

Jailed leader of Greek far-right party faces election ban

Greece’s government is seeking to ban a far-right political party led by a jailed former lawmaker from participating in a general election later this year. The 42-year-old Ilias Kasidiaris founded … more

By DEREK GATOPOULOS | 2/3/23

FILE - A Leopard 1 tank drives in Storkau, Germany, on May 19, 2000. Ukraine may be able to add old Leopard 1 battle tanks from German defense industry stocks to deliveries of modern tanks that Germany and other governments pledged last week. German government spokesman Steffen Hebestreit confirmed Friday that “export authorization has been granted”. (AP Photo/Eckehard Schulz, File)

Ukraine may also get old Leopard 1 tanks from German stocks

Ukraine may be able to add old Leopard 1 battle tanks from German defense industry stocks to deliveries of modern tanks that Germany and other governments pledged last week to counter Russian forces … more

2/3/23

FILE - President Barack Obama, left, and Russian President Dmitry Medvedev sign the New START treaty at the Prague Castle in Prague on April 8, 2010. NATO called on Russia on Friday, Feb. 3, 2023, to respect the only treaty it has with the United States aimed at keeping a lid on nuclear weapons expansion and urged Moscow to allow on-the-ground inspections of military sites to resume. (AP Photo/Alex Brandon, File)

NATO urges Russia to respect nuclear pact with the US

NATO is calling on Russia to respect the only treaty it has with the United States to keep a lid on nuclear weapons expansion. The 30-nation security organization is urging Moscow to allow … more

2/3/23

FILE - Transportation Secretary Pete Buttigieg speaks before the arrival of President Joe Biden at the construction site of the Hudson Tunnel Project, Tuesday, Jan. 31, 2023, in New York. Nearly 50 businesses and nonprofits including rideshare companies Uber and Lyft, industrial giant 3M and automaker Honda are pledging millions of dollars in initiatives to stem a "crisis" in road fatalities under a new federal effort announced Friday, Feb. 3. (AP Photo/John Minchillo)

Companies pledge millions in fed effort to stem road deaths

Nearly 50 businesses and nonprofits including rideshare companies Uber and Lyft and industrial giant 3M are pledging millions of dollars in initiatives to stem a crisis in road fatalities under a new … more

By HOPE YEN | 2/3/23

This grab from video released by Adani Enterprises Ltd. on Thursday, Feb.2, 2023 shows Indian billionaire Gautam Adani addressing investors from an unknown location. Losses for the troubled Adani Group, India's second-largest conglomerate, deepened on Friday as shares in its flagship company tumbled another 25%, extending over a week of declines that have wiped out tens of billions of dollars in market value. (Adani Enterprises Ltd. via AP)

Indian tycoon Adani hit by more losses, calls for probe

Losses for the troubled Adani Group, India’s second-largest conglomerate, have deepened as shares in its flagship company tumbled another 25%. Adani's listed companies have lost tens of billions of … more

By KRUTIKA PATHI | 2/3/23

FILE - Attendees walk past a booth advertising 5G telecommunications services at the PT Expo in Beijing, on Sept. 28, 2021. A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead. (AP Photo/Mark Schiefelbein, File)

Chill pervades China's tech firms even as crackdown eases

A grinding crackdown that wiped billions of dollars of value off Chinese technology companies is easing, but the once-freewheeling industry is bracing for much slower growth ahead. Analysts say … more

By ZEN SOO | 2/2/23

Ford 4Q profit drops 90%, company says more cost cuts coming

Ford says its fourth-quarter net income fell 90% from a year earlier. That led company officials to say Thursday that the automaker's costs are too high and to pledge more belt-tightening this year. … more

By TOM KRISHER | 2/2/23

The Amazon DTW1 fulfillment center is shown in Romulus, Mich., April 1, 2020. Amazon reports financial earnings on Thursday, Feb. 2, 2023. (AP Photo/Paul Sancya)

Amazon beats Q4 revenue estimates, but profits slump

Amazon has reported worse-than-expected profits but its revenue beat expectations boosted by sales in its cloud-computing unit AWS. Amazon said it earned $300 million, or 3 cents per share, in the … more

By HALELUYA HADERO | 2/2/23

This October 2022 photo provided by Kristin Stonehouse shows her son, Mason Stonehouse, 6, in Chesterfield, Mich. Mason Stonehouse used his father’s Grubhub account to order $1,000 worth of food delivered to his home on Saturday, Jan. 28, 2023. His father, Keith Stonehouse, was not aware his son was ordering the food and at first did nt understand why delivery people kept ringing his doorbell and leaving food. (Kristin Stonehouse via AP)

Michigan man says son, 6, ordered $1K in food from Grubhub

A Michigan man says he was left with a $1,000 bill after his 6-year-old son ordered a virtual smorgasbord of food from several restaurants. Keith Stonehouse says the food piled up quickly at his … more

2/2/23

Starbucks misses sales, revenue estimates as China falters

Starbucks reported lower-than-expected sales in its fiscal first quarter, hurt by COVID restrictions in China and lower consumer demand in other markets. Global same-store sales, or sales at stores … more

By DEE-ANN DURBIN | 2/2/23

FILE - This Wednesday, July 24, 2019 photo shows an Apple Store in Chicago is seen. Apple reports financial earnings on Thursday, Feb. 2, 2023. (AP Photo/Amr Alfiky, File)

Apple suffers 1st quarterly sales decline in nearly 4 years

Apple has posted its first quarterly revenue drop in nearly four years. It suffered from pandemic-driven restrictions on its China factories that curtailed sales of the latest iPhone during the … more

By MICHAEL LIEDTKE | 2/2/23

Alphabet posts lower Q4 profit amid ad squeeze, competition

Google parent company Alphabet has posted lower profit and a small revenue increase for last year's fourth quarter. A decline in online ad spending and competition from rivals are weighing on the … more

By BARBARA ORTUTAY | 2/2/23