Breaking News

Business

US to provide Ukraine with $2.6 billion in military aid

WASHINGTON (AP) — The U.S. will send Ukraine about $500 million in ammunition and equipment and spend more than $2 billion to buy an array of munitions, radar and new weapons to help Kyiv counter drones in the coming months, the Pentagon said Tuesday, as Ukrainian troops gear up for a spring offensive against Russian forces. The aid to be taken from military stockpiles so it can be in the war zone quickly includes “ammunition for U.S.-provided HIMARS, air defense interceptors, and artillery rounds that Ukraine is using to defend itself,” Secretary of State Antony Blinken said in ...

France boosts military spending amid war

PARIS (AP) — The French government on Tuesday approved a key budget bill presented as the country’s biggest military spending spree in more than 50 years, underscoring the impact of Russia’s war in Ukraine. The bill foresees 413 billion euros in military spending or the period covering 2024-2030 - up by more than a third relative to the previous timeframe. Defense Minister Sébastien Lecornu said bill’s political, budgetary, military and technological drive is comparable to the huge push in the 1960s that saw France develop nuclear weapons, making the country one of the ...

Virgin Orbit, Acuity fall; Newmont, Warner Bros. rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Virgin Orbit Holdings Inc., down 5 cents to 15 cents. The Richard Branson-backed satellite launch company is filing for Chapter 11 bankruptcy protection. Kirkland’s Inc., up 3 cents to $2.88. The home decor retailer reported strong fourth-quarter revenue. Lindsay Corp., down $17.47 to $133.81. The irrigation equipment supplier reported weak fiscal second-quarter revenue. Warner Bros. Discovery Inc., up 34 cents to $15.15. The owner of CNN and HBO is reportedly near a deal for a TV ...

Jump in oil prices fans inflation fears

By STAN CHOE The Associated Press NEW YORK — Stock markets around the world were mixed Monday, as a jump in oil prices threatens to add upward pressure on inflation. The S&P 500 gained 15.20 points, or 0.4%, to 4,124.51, though more stocks in the index fell than rose. The Dow Jones Industrial Average climbed 327.00, or 1%, to 33,601.15, while the Nasdaq composite fell 32.45, or 0.3%, to 12,189.45. Oil jumped 6.3% after Saudi Arabia and other crude-producing countries said over the weekend they would cut production. That lifted stocks of energy companies, including a 5.9% rise ...

In Home Service being recognized

In Home Services of Central PA Home Care Agency will be featured as A Top Home Healthcare Agency for 2023. The agency has also received this recognition in 2021 and 2022. The PA Business Central honors those agencies in central Pennsylvania that have made a significant impact on their communities and the people they serve. Kenton “Ken” Stuck, founder and CEO, is very proud of the incredible team that makes up In Home Services of Central PA. They serve Juniata, Mifflin and Centre counties. For more information, call (717) 363-4913 (corporate office) or (814) 321-2145, or visit their ...

Stratasys, WWE fall, PPG, Ovintiv rise

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Heska Corp., up $20.12 to $117.74. M&M’s maker Mars is buying the veterinary health company as it expands into that sector. Teck Resources Ltd., up $7.15 to $43.65. The mining company rejected a buyout offer from Glencore. Apellis Pharmaceuticals Inc., up $10.72 to $76.68. The biopharmaceutical company is reportedly considering a sale, along with licensing agreements. Ovintiv Inc., up $4.30 to $40.38. The energy company raised its dividend and gave investors a strong production ...