Fuel Prices to Climb Higher as US Bans Russian Oil Imports
WASHINGTON — President Joe Biden announced March 8 the U.S. will ban all Russian oil imports, toughening the toll on Russia’s economy in retaliation for its invasion of Ukraine. But he acknowledged it will bring costs to Americans, particularly at the gas pump.
March 8, 2022GM Loses Bid to Skip Recall for Lights That Are Too Bright
DETROIT — General Motors has lost a bid to avoid recalling about 727,000 small SUVs in the U.S. with headlight beams that can be too bright and cause glare for oncoming drivers.
March 4, 2022Musk Invites UAW to Hold Organizing Vote at Factory
DETROIT — Elon Musk is inviting the United Auto Workers union to hold an organizing vote at Tesla’s factory in Fremont, Calif.
March 3, 2022Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.
February 24, 2022Stellantis Reaps $15 Billion Profit in First Year of Merger
FRANKFURT, Germany — Automaker Stellantis said Feb. 23 that it made 13.4 billion euros ($15.2 billion) in its first year after it was formed from the merger of Fiat Chrysler Automobiles and PSA Group and would pay out record profit-sharing checks to unionized U.S. workers.
February 23, 2022Ottawa Police Arrest Dozens After 3-Week Protest
OTTAWA — Police began arresting protesters Feb. 18 in a bid to break the three-week-long string of protests around Canada’s capital by hundreds of truckers angry over the country’s COVID-19 restrictions.
February 18, 2022Intel Says It Will Buy Tower Semiconductor for $5.4 Billion
SANTA CLARA, Calif. — Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.
February 15, 2022Port of Savannah Reports Record Cargo Volumes for January
SAVANNAH, Ga. — The Port of Savannah has added another month to its streak of record cargo volumes amid a surge that has forced U.S. seaports to scramble to meet demand.
February 14, 2022Maersk Sees Record Profit as Demand Surges
COPENHAGEN, Denmark — Maersk said that 2021 was its most profitable year yet, bringing in $18.7 billion as surging demand from a rebounding global economy led to supply chain logjams.
February 9, 2022Senators Call for Gas Tax Suspension to Blunt Rising Prices
WASHINGTON — Some Democratic senators on Feb. 9 called for suspending the federal gas tax for the remainder of the year to help consumers struggling with rising fuel prices.
February 9, 2022