The Food and Drug Administration on Monday reached an agreement with Abbott Laboratories on the steps needed to reopen the company’s shuttered baby formula plant, which could begin to ease the shortage of infant formula that has frightened and exasperated parents nationwide. The F.D.A. must still grant approval for production to resume at the plant […]

After more than three decades in Russia, McDonald’s — an icon of U.S. lifestyle and capitalism — is selling its Russia business as it looks to leave the country completely. The move is a significant departure for a brand whose growth across the world became the symbol of globalism and even the basis of a […]

After a while, his parents began visiting occasionally. In 1985, when Val was 9, Alla, who had remarried and moved to New Jersey, was granted custody and her new husband, William Broeksmit, adopted Val. (Alla Broeksmit declined to comment on her son’s death.) Val was expelled from the Dublin School in New Hampshire for various […]

Saudi Aramco, the national oil company of Saudi Arabia, reported on Sunday net come of $39.5 billion for the first quarter of 2022, a jump of about 80 percent from the same period a year earlier, largely reflecting higher oil prices. Oil and natural gas prices have soared in recent months because of tight markets […]

Jack Cakebread, who with his wife, Dolores, turned a 22-acre cattle ranch in Rutherford, Calif., into one of Napa Valley’s leading wineries, along the way helping to propel the once-obscure region to global viticultural stardom, died on April 26 in Napa. He was 92. His death, in a hospital, was confirmed by his son Dennis, […]

India, the world’s second-largest wheat producer, has banned exports of the grain with some exceptions, a move that could compound a worldwide shortfall worsened by the war in Ukraine and exacerbate an already dire forecast for hunger across the globe. The war has interrupted wheat production in Ukraine and Russia, which are major suppliers. Fighting […]

But the downdraft has sunk the share prices of companies that represent innovation and the future, too; Amazon is down more than 30 percent since the start of the year and Alphabet, Google’s parent, is off about 20 percent, as investors rethink those companies’ real value. Virtually no stocks have been spared from losses. The […]

As the rest of the world learns to live with Covid-19, China’s top leader, Xi Jinping, wants his country to keep striving to live without it — no matter the cost. China won a battle against its first outbreak in Wuhan, Mr. Xi said last week, and “we will certainly be able to win the […]

Twitter’s headquarters in San Francisco. The company announced a hiring freeze and spending cuts.Credit…Jim Wilson/The New York Times SAN FRANCISCO — Twitter’s chief executive fired two top executives, froze most new hiring and said he was slashing spending on Thursday, as the social media company tries to change its business trajectory while grappling with a […]

Roughly six weeks after successful union votes at two Buffalo-area Starbucks stores in December, workers had filed paperwork to hold union elections in at least 20 other Starbucks locations nationwide. By contrast, since the Amazon Labor Union’s victory last month in a vote at a huge warehouse on Staten Island, workers at just one other […]