Business

When the Kmart in Avenel, New Jersey, closes its doors on April 16, it will leave only three remaining U.S. locations for the former retail powerhouse. It's a far cry from the chain's heyday in the 1980s and ‘90s when it had more than 2,000 stores and sold product lines endorsed by Martha Stewart and former “Charlies Angel” Jaclyn Smith. Kmart’s demise is attributed to the rise of Walmart and Target and online behemoth Amazon. But retail expert Mark Cohen says the company also was dogged by poor management decisions and could have stayed viable.

CAMARILLO, Calif. (AP) — The average U.S. price of a gallon of regular-grade gasoline dropped 10 cents over the past two weeks to $4.27 per gallon as oil prices continue to “yo-yo," industry analyst Trilby Lundberg said Sunday.

The United Nations says prices for world food commodities like grains and vegetable oils have reached their highest levels ever because of Russia's war in Ukraine. The U.N. Food and Agriculture Organization said Friday that its Food Price Index, which tracks monthly changes in international prices for a basket of commodities, averaged 159.3 points last month, up 12.6% from February. As it is, the February index was the highest level since its 1990 inception. FAO says the war in Ukraine was largely responsible for the 17.1% rise in prices for grains, including wheat. Russia and Ukraine together account for around 30% and 20% of global wheat and corn exports, respectively.

LIMA, Peru (AP) — Peru's capital and its main port were under a tight curfew Tuesday decreed by President Pedro Castillo in response to violent protests over rising fuel and food prices, with armed soldiers and police deployed to enforce the measure.

DETROIT (AP) — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts.

DES MOINES, Iowa (AP) — Bird flu has infected two more farms in Iowa, forcing the killing of 5.3 million hens and 88,000 turkeys, officials said Friday.

ATLANTA – The General Assembly has decided it needs more time to prepare for the coming wave of electric vehicles.

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies. It meant solid economies and stable markets.

OMAHA, Neb. (AP) — Several hundred workers at a Kellogg's plant that makes Cheez-Its won a new contract that delivers more than 15% wage increases over three years after 1,400 workers at the company's cereal plants went on strike for nearly three months last fall.

Russia's war in Ukraine will disrupt commerce and clog up supply chains, slashing economic growth and pushing prices sharply higher around the globe, the Organization for Economic Cooperation and …

Two months after the Berlin Wall fell, another powerful symbol opened its doors in the middle of Moscow: a gleaming new McDonald’s.

Western sanctions are dealing a severe blow to Russia's economy. The ruble is plunging, foreign businesses are fleeing and sharply higher prices are in the offing. Familiar products may disappear from stores, and middle-class achievements like foreign vacations are in doubt.

BRUSSELS (AP) — Europe faces a tough choice: Is it worth a recession to choke off oil and gas money to Russia while it fights a war in Ukraine?

Gasoline prices are pushing even farther above $4 a gallon, the highest price that American motorists have faced since July 2008, as calls grow to ban imports of Russian oil.

Even though what can feel like a gift from the government is actually a delayed receipt of your own money, the best use of those funds is not always apparent. This year the question is even more fraught, with many households facing increasing financial pressure from inflation, rising interest rates and expiring government assistance programs tied to the pandemic.

The talks are over, at least for now. Opening day is gone, too, and now we’re forced to wait to see if we get any baseball at all. If there was any good news coming out of baseball’s labor …

NEW YORK (AP) — Oil prices soared Tuesday and investors shifted more money out of stocks and into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine.

MOSCOW (AP) — Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.

JUPITER, Fla. (AP) — Major League Baseball negotiations to end the lockout are extending to the limit. Management says a deal must be reached by the end of Monday's negotiations to salvage a …

BANGKOK (AP) — Oil prices surged nearly 5% and stock prices dropped after Russian President Vladimir Putin recognized the independence of rebel-held regions of Ukraine, raising fears that a full-scale invasion was near.

NEW YORK (AP) — Stocks tumbled again Friday, and this time bond yields joined in the swoon as worries about an imminent Russian invasion of Ukraine piled onto Wall Street’s already heavy list of concerns about inflation and interest rates.

WASHINGTON (AP) — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Now, they're …

LONDON (AP) — AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time. The company recorded full-year revenues of …

BOULDER, Colo. (AP) — Hours before a gunman opened fire at a bustling Colorado supermarket, Teri Leiker called her mother to tell her how excited she was to return from vacation to her job as a …

DETROIT (AP) — Hyundai and Kia are telling the owners of nearly 485,000 vehicles in the U.S. to park them outdoors because they can catch fire even if the engines have been turned off.

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