BUSINESS

Bank of America says its profits rose 28% last quarter from a year earlier, but the bank faced the same wage inflation as its Wall Street counterparts.

The Biden administration has announced the release of $14 billion to the Army Corps of Engineers to fund 500 projects aimed at easing the supply chain problem.

Amsterdam’s Concertgebouw orchestra has played second fiddle to a pair of hairdressers.

A spattering of Paris Fashion Week menswear shows began in earnest this week for the fall-winter season as French government restrictions have seen many relegated to an online-only presence.

The leader of Hungary’s political opposition has announced he has tested positive for COVID-19 amid a surge in cases fueled by the highly transmissible omicron variant.

Bulgarian President Rumen Radev has taken the oath of office for his second term.

Slovakia has limited access to what the government considers the most risky events and public gatherings as the country gets ready for the highly infectious omicron coronavirus variant.

Consumer prices in the United Kingdom have risen at the fastest pace in almost 30 years as higher costs for energy, transportation, food and furniture squeezed household incomes.

European Council President Charles Michel has become the second top-level European Union official who has had to pull out of the bloc's parliament session because he had a high-risk COVID-19 contact.

The Turkish central bank says it and the United Arab Emirates have agreed to a currency swap deal equivalent to $4.74 billion to boost Turkey’s depleted foreign exchange reserves.

German news agency dpa has reported that police are investigating thousands of cases of suspected forgery of coronavirus vaccine certificates.

Turkey’s government and central bank have taken unconventional steps in recent weeks to prop up a beleaguered economy crippled by skyrocketing consumer prices, instead of ending a much-criticized plan to cut interest rates.

A pipeline that carries oil from Iraq to world markets has resumed operating several hours after an explosion in southeastern Turkey forced it to shut down.

Global shares have mostly fallen in cautious trading after stocks on Wall Street sank to a new low for the year.

Airlines across the world, including the long-haul carrier Emirates, are rushing to cancel or change flights heading into the U.S. over an ongoing dispute about the rollout of 5G mobile phone technology near American airports.

Pfizer's chief executive, Albert Bourla, has been awarded the prestigious Genesis Prize for his efforts in leading the development of a COVID-19 vaccine.

The local water district in a wealthy Southern California community is taking a more aggressive approach to conservation as the drought drags on despite a wet winter start.

The International Labor Organization says more than a half million people in Afghanistan have lost their jobs since the Taliban takeover in mid-August.

Donald Trump plans to build thousands of new luxury homes at his struggling Doral golf club in hopes of reviving the fortunes of the Miami-area property.

Two major cellphone carriers, AT&T and Verizon, agreed Tuesday afternoon to delay some new 5G wireless service.

With traffic fatalities spiking, the nation’s top safety investigator says a widely cited government statistic that 94% of serious crashes are solely due to driver error is misleading and the Transportation Department should stop using it.

Ford and security company ADT have formed a joint venture that will help businesses protect vehicles and expensive equipment they carry from theft.

U.S. competition regulators have mounted an effort to tighten enforcement against illegal mergers, in line with President Joe Biden’s mandate for greater scrutiny to big business combinations.

California prosecutors have filed two counts of vehicular manslaughter against the driver of a Tesla on Autopilot who ran a red light, slammed into another car and killed two people in 2019.

The Biden administration says it will significantly expand efforts to stave off catastrophic wildfires that have been torching areas of the U.S. West by more aggressively thinning forests around “hot spots” where nature and neighborhoods collide.

The airline industry is raising the stakes in a showdown with AT&T and Verizon over plans to launch new 5G wireless service this week, warning that thousands of flights could be grounded or delayed if the rollout takes place near major airports.

British Prime Minister Boris Johnson has denied misleading Parliament about lockdown-breaching parties.

Microsoft is paying nearly $70 billion for Activision Blizzard, the maker of Candy Crush and Call of Duty.

Goldman Sachs’ said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees.

AT&T and Verizon say they will delay some new 5G wireless service after the airline industry raised alarms about potential interference with important systems on planes.

Japan’s environment minister says the country will gradually phase out coal plants over the next two decades while developing new technologies to reduce, capture and recycle carbon.

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Asian shares have fallen in cautious trading after stocks on Wall Street sank to a new low for the year.

Chinese state media say parcels mailed from overseas may have spread the coronavirus in Beijing and elsewhere, despite doubts among overseas health experts that the virus can be transmitted via packaging.

A tiny Wyoming town faces transformation when a company started by Bill Gates builds a new type of nuclear power plant there.

Norwegian telecommunications company Telenor says it plans to sell its stake in the Myanmar fintech company Wave Money to its main partner in the venture, Yoma Strategic Holdings.

Japan’s government is preparing social restrictions in Tokyo and other regions as the omicron variant of the coronavirus infects more people.

Australia has reported a record high of COVID-19 deaths, and its second-largest state declared an emergency in hospitals to cope with surging patient admissions and a staffing shortage due to the coronavirus.

Asian shares are mostly higher in the absence of big market-moving news following a national holiday in the U.S. The Bank of Japan wrapped up a two-day policy meeting with no major changes.

Hong Kong authorities say they will kill about 2,000 small animals, including hamsters, after several tested positive for the coronavirus at a pet store where an employee was also infected.

Crews are making railroad repair in Los Angeles after a train derailed near the location where thieves have been raiding cargo containers, leaving the tracks littered with empted boxes of packaged goods sent by retailers.

K-way, the Franco-Italian brand synonymous with windbreakers, is stepping into luxury fashion with its first live runway show ever on the closing day of Milan Fashion Week.

British Prime Minister Boris Johnson is fighting for his career and he has one constant refrain: Wait for Sue Gray.

Dakota and Navajo actor Dallas Goldtooth joins other influencers — people who have earned the community’s trust — in a two-phase public outreach effort by nonprofit organizations IllumiNative, the Urban Indian Health Institute, and 13 Native groups in states including Alaska, Minnesota, and California.

Eurogroup finance chiefs are engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation.

European Commission President Ursula von der Leyen has canceled her in-person appointments at the European Parliament this week after her driver tested positive for COVID-19.

China is showing no signs of slowing its demand for American lobster this year despite disruption to the supply chain and international trade caused by the COVID-19 pandemic.

Russia’s top diplomat has angrily rejected the U.S. allegations that it was preparing a pretext to invade Ukraine as Russian troops have remained concentrated near the border.

Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom.

Albania and Turkey have pledged to further boost their ties and increase their economic and cultural relations.

How the football sticker maker survived a thieving tycoon and competition from Lycra-clad wrestlers.

Paytm validates a model of digitization in which losing on individual-transaction take rates is more than made up by gains from handling billions of them.

Paytm validates a model of digitization in which losing on individual-transaction take rates is more than made up by gains from handling billions of them.

As Sir Keir prepares for his first in-person conference as leader, we look at the promises he has made.

The deal will see founder Charlie Mullins offload his 90% stake in the group.

Activist investor Jana Partners could look for different routes to improve Vonage’s value.

Iain Anderson says he will work to "build a bridge" between the government and LGBT community.

His wife’s children and grandchildren don’t follow the rules of the ranch.

The two counts against Natasha Weeks, 29, were filed Aug. 18 and unsealed Monday in the U.S. District Court in Hammond, according to filings.

Pedestrian didn’t intend to interject, but “advice” was almost involuntary.

Ex-husband reveals that he had a son with another woman. Should reader tell her sons?

Small e-commerce entrepreneurs have thrived in lockdown - now big money wants to buy them out.

The star says she had a "psychotic break" after being attacked by a male record producer.

Since no official business can be conducted by the House until a speaker is elected, a lengthy balloting process could ensue while pressing matters such as the state budget and pandemic recovery are held in abeyance. Madigan, some Democrats contend privately, is counting at the very least on attrition to eventually return him as speaker as issues mount.

“I don’t want to see anyone go out of business,” he said. “That was never the intent. But I would rather see them go out of business than see them sell dogs unethically and defraud the public.”

In the first quarter of 2020, the total amount spent on lobbying, about $938 million, reached the highest on record, according to the Center for Responsive Politics. The health sector, which spent $168 million on lobbying efforts, received $150 billion in coronavirus relief aid, according to Advisory Board. The airline industry, which spent $29 million on lobbying, received $32 billion in relief aid, according to the Peter G. Peterson Foundation, and agribusiness, which spent $38 million, received $19 billion in aid, CRP said. The lobbying industry is arguably the U.S. government's oldest profession and is protected by the First Amendment. The misconception about lobbyists is that "we walk around with bags of money and say, 'Vote our way' or 'Oppose this.'

Genealogy is the second most-popular hobby for Americans, and a multi-billion dollar business. Tracy Smith takes a look at how digging up one's family roots is being made relatively easy with online resources like the website ancestry.com.

In 21 of 28 countries, business is trusted more than government. CBS News' Lulu Chiang spoke with a CEO to learn more.

CBS News Business analyst Jill Schlesinger discusses the risks and rewards of U.S. companies doing business with Iran.

A business in Chico, California receives $43,000 tip A small business noticed a $43,000 tip while checking receipts. The tip does not appear to be given intentionally, however it did go through.

Sheriff on Dorner manhunt: "We know it's a dangerous business" San Bernardino County Sheriff John McMahon describes the chaos during the manhunt for cop killer and former LAPD officer Christopher Dorner in February 2013 and concurs with many law enforcement officers' statements in the Dorner report that it was a miracle no one else got hurt.

Vermont Country Store: The business of selling nostalgia For three generations the Vermont Country Store has sold hard-to-find, old-fashioned products. CBS News' Lee Woodruff sat down with the store's co-owner Eliot Orton to discuss the mega-million dollar business.