Category Business

GENEVA — Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators to stave off further market-shaking turmoil in the global banking system. Swiss authorities urged UBS to take over its…

Tyson Foods is closing two facilities that employ more than 1,600 people in an effort to streamline its U.S. poultry business. The company said Tuesday it plans to close its processing, broiler and hatching operations in Glen Allen, Virginia, and…

The world’s largest poultry producer, Tyson Foods, is among nearly a dozen poultry companies that have less than two months to reach agreement with the state of Oklahoma on how to clean a watershed polluted by chicken litter. U.S. District…

ANKARA, Turkey — Floods caused by torrential rains hit two provinces that were devastated by last month’s earthquake, killing at least 10 people and increasing the misery for thousands who were left homeless, officials and media reports said Wednesday. At…

PAWTUCKET, R.I. — Toymaker Hasbro said Thursday it is cutting about 1,000 jobs as part of moves announced last year to save up to $300 million annually by 2025. The nearly century-old Rhode Island-based company behind Monopoly, Play-Doh and My…

WASHINGTON — TikTok was dismissive Wednesday of reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security. The company was responding…

STOCKHOLM — Tickets for the first concert of Beyoncé’s upcoming “Renaissance” world tour sold out Tuesday, and concert management group Live Nation said a second concert in Stockholm was added because of the high demand. The tour starts in Sweden…

WASHINGTON — With one of three major rating agencies warning that America’s AAA credit is at risk, the stakes are growing in the standoff in Washington over raising the nation’s debt limit. On Wednesday night, the rating agency Fitch put…

Markets this year are roiling, uncertainty abounds and the U.S. government has had to step in to rescue two large American banks in recent days. So why is bitcoin, considered among the riskiest bets of them all, rising so fast?…