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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Iowa farm cooperative hit by ransomware, systems go offline

    A ransomware attack by the BlackMatter gang forced New Cooperative, an association of Iowa corn and soy farmers, to take their systems offline but it said it created workarounds to receive grain and distribute feed, a person close to the business said. Member-owned New Cooperative said in a statement that the attack was “successfully contained” […]
  • Iowa farm cooperative hit by ransomware, systems go offline

    A ransomware attack by the BlackMatter gang forced New Cooperative, an association of Iowa corn and soy farmers, to take their systems offline but it said it created workarounds to receive grain and distribute feed, a person close to the business said. Member-owned New Cooperative said in a statement that the attack was “successfully contained” […]
  • Lawsuit: Ida outages due to ‘gum and super glue’ at utility

    NEW ORLEANS (AP) — A lawsuit alleges that Louisiana’s largest electric utility used a “bubble gum and super glue” approach to maintenance and construction that left customers sweltering in the dark without adequate sewage treatment after Hurricane Ida. The suit was filed Saturday against Entergy Corp. and its subsidiaries Entergy Louisiana and Entergy New Orleans. […]
  • Haitian deportees start over in country they don’t recognize

    PORT-AU-PRINCE, Haiti (AP) — Claile Bazile doesn’t know where she and her 2-year-old son will stay once they leave the hotel where officials temporarily set aside rooms for some of the hundreds of people streaming into Haiti after being expelled from the U.S. in the past couple of days. The 7.2-magnitude earthquake that struck southern […]
  • How major US stock indexes fared Monday

    U.S. stocks had their biggest drop since May as traders worried about potential ripple effects if a debt-laden Chinese real estate company defaults and the likelihood that the Federal Reserve will signal that it will pull back its supports for markets and the economy. On Monday: The S&P 500 fell 75.26 points, or 1.7%, to […]
  • Chevron, D.R. Horton fall; Pfizer, Brooks Automation rise

    NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: CBRE Group Inc., down $1.25 to $94.53. All Storage is considering a sale and reportedly working with the commercial real estate company. Omnicom Group Inc., down 91 cents to $71.48. The advertising company is buying public relations and communications agency Oliver […]
  • Rome court rejects Venezuela extradition bid for ex-oil czar

    ROME (AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of Venezuela’s PDVSA state oil company, fled to Italy after falling out with President Nicolas […]
  • Closing prices for crude oil, gold and other commodities

    Benchmark U.S. crude oil for October delivery fell $1.68 at $70.29 a barrel Monday. Brent crude oil for November delivery fell $1.42 to $73.92 a barrel. Wholesale gasoline for October delivery fell 5 cents to $2.12 a gallon. October heating oil fell 5 cents to $2.16 a gallon. October natural gas fell 12 cents to […]
  • GM says production starts on replacement batteries for Bolts

    General Motors said Monday that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October. GM said supplier LG has restarted production at plants in Holland and Hazel Park, Michigan, and is adding capacity to make more battery cells. The recall follows reports […]
  • Twitter to pay $809.5 million to settle shareholder lawsuit

    SAN FRANCISCO (AP) — Twitter said Monday it will pay $809.5 million to settle a consolidated class action lawsuit alleging that the company misled investors about how much its user base was growing and how much users interacted with its platform. The San Francisco company said the proposed settlement, which must still be signed off […]