Business

Norfolk Southern's fourth-quarter profit fell 33% because of the ever growing costs of the cleanup of last year's fiery derailment in eastern Ohio, but the railroad did deliver 3% more shipments during the quarter and even without the costs related to that toxic crash its profits still would have been down 14%.

NEW YORK (AP) — Airbnb on Tuesday donated a total of $10 million to more than 120 nonprofits in 44 countries on six continents, the short-term rental giant's latest outlays in its unusual distribution of $100 million through its Airbnb Community Fund. The grantees include Digify Africa, which helps young people join Africa’s digital economy, the Japanese Service Dog Resource Center, and the Atlanta Habitat for Humanity.

WASHINGTON (AP) — The Federal Aviation Administration recommends that airlines inspect the door plugs on certain Boeing 737s that are older than the Max 9 jetliner that suffered a blowout of a similar panel during a flight this month. The FAA said door plugs on one older version of the 737, called the 737-900ER, are identical in design to those on the Max 9, and some airlines “have noted findings with bolts during the maintenance inspections.”

NEW YORK (AP) — The cost to overdraw a bank account could drop to as little as $3 under a proposal announced by the White House, the latest effort by the Biden administration to combat fees it says pose an unnecessary burden on American consumers, particularly those living paycheck to paycheck.

DALLAS (AP) — A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline.

Delta Air Lines earned $2 billion in the fourth quarter, posted record full-year revenue, and says it's buying more planes to boost its international flying. The airline said Friday that it will buy 20 Airbus A350s and take options to buy 20 more of the long-range jetliners. Delta expects to get the first ones in 2026.

WASHINGTON (AP) — Higher energy and housing prices boosted overall U.S. inflation in December, a sign that the Federal Reserve's drive to slow inflation to its 2% target will likely remain a bumpy one.

The Department of Justice released new details of a settlement with engine manufacturer Cummins Inc. Wednesday that includes a mandatory recall of 600,000 Ram trucks, and that Cummins remedy environmental damage it caused when it illegally installed emissions control software in several thousand vehicles, skirting emissions testing.

UNION, N.J. (AP) — Federal investigators began several days of hearings Wednesday into a dockside cargo ship fire that killed two New Jersey firefighters last summer at one of the busiest U.S. seaports.

ALBUQUERQUE, N.M. (AP) — A business to be spun off by General Electric will build hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and long-term service agreement with the global renewable-energy giant Pattern Energy.

BEIJING (AP) — China announced sanctions Sunday on five American defense-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. The sanctions will freeze any property the companies have in China and prohibit organizations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online.

An Alaska Airlines flight made an emergency landing in Oregon on Friday after a window and a chunk of its fuselage blew out in mid-air shortly after takeoff.

WASHINGTON (AP) — The nation’s employers added a robust 216,000 jobs last month, the latest sign that the American job market remains resilient even in the face of sharply higher interest rates. Friday’s report from the Labor Department showed that December’s job gain exceeded the 173,000 that were added in November.

LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more than two decades. The average rate on a 30-year mortgage inched up to 6.62% from 6.61% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.48%.

Pressing a button will be one way to summon an artificial intelligence agent as Microsoft wields its computer industry influence to reshape the next generation of keyboards. Starting this month, some new personal computers that run Microsoft's Windows operating system will have a special “Copilot key” that launches the software giant's AI chatbot.

M-I-C-K-E-Y will soon belong to you and me. With several asterisks, qualification and caveats, Mickey Mouse in his earliest form will be the leader of the band of characters, films and books that will become public domain as the year turns to 2024.

A cargo vessel carrying lithium-ion batteries has been ordered to continue to Alaska after a fire was reported in its cargo hold.

The New Year is almost upon us. And as the world prepares to ring in 2024, many are winding down from the holidays and getting back into their regular routines — give or take some fresh resolutions.

More Americans applied for unemployment benefits last week, but not enough to raise concern about the labor market or broader economy. The Labor Department reported Thursday that jobless claims rose …

HARRISBURG, Pa. (AP) — Pennsylvania recorded a steep increase in the deaths of older adults following an abuse or neglect complaint the last few years, as COVID-19 ravaged the nation, complaints grew and agencies struggled to keep caseworkers on staff.

NEW YORK (AP) — The New York Times is striking back against the threat that artificial intelligence poses to the news industry, filing a federal lawsuit Wednesday against OpenAI and Microsoft seeking to end the practice of using its stories to train chatbots.

BERLIN (AP) — Wolfgang Schaeuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis more than two decades later, has died. He was 81.

Stocks notched more gains Tuesday as Wall Street kicked off what's expected to be a quiet, holiday-shortened week of trading. The S&P 500 rose 0.4%, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017.

PALU, Indonesia (AP) — The death toll following the explosion of a smelting furnace at a Chinese-owned nickel plant on Indonesia’s Sulawesi island rose to 18 on Tuesday, as police ordered the plant to stop operations until an investigation into the incident is completed.

We lost Twitter and got X. We tried out Bluesky and Mastodon (well, some of us did). We fretted about AI bots and teen mental health. We cocooned in private chats and scrolled endlessly as we did in years past. For social media users, 2023 was a year of beginnings and endings, with some soul-searching in between.

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