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- Traders on the floor of the New York Stock Exchange wear Birkenstock sandals during the company's IPO, Wednesday, Oct. 11, 2023, in New York. (AP Photo/Richard Drew)
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Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey
By MICHELLE CHAPMAN - AP Business Writer
Wed,10/11/23-8:13AM , 798 Reads
NEW YORK (AP) — Birkenstock stumbled in its stock market debut Wednesday, a day Wall Street traded in its wingtips for sandals.

Some traders on the floor of the New York Stock Exchange donned the iconic opened-toed footwear, and Birkenstock CEO Oliver Reichert rang the opening bell, with people around him waving sandals in the air.
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- $An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, April 8, 2022 in Midland, Texas. Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (Eli Hartman/Odessa American via AP, File)$
- An array of pumpjacks operate near the site of a new oil and gas well being drilled Friday, April 8, 2022 in Midland, Texas. Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. (Eli Hartman/Odessa American via AP, File)
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Exxon Mobil doubles down on fossil fuels with $59.5 billion deal for Pioneer Natural as prices surge
By MICHELLE CHAPMAN - AP Business Writer
Wed,10/11/23-5:44AM , 426 Reads
Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.
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- The Google app icon is seen on a smartphone, Tuesday, Feb. 28, 2023, in Marple Township, Pa. Google, on Thursday, Sept. 7, will soon require political advertising that incorporates artificial intelligence come with a prominent disclosure that the technology is being used to depict real or realistic-looking people or events. The use of AI has already begun to seep into that space and last month Federal Election Committee said that it may soon regulate AI-generated deepfakes in political ads ahead of the 2024 election.(AP Photo/Matt Slocum, File)
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AI that alters voice and imagery in political ads will require disclosure on Google and YouTube
By MICHELLE CHAPMAN - AP Business Writer
Thu,09/07/23-7:07AM , 338 Reads
Google will soon require that political ads using artificial intelligence be accompanied by a prominent disclosure if imagery or sounds have been synthetically altered.
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- FILE- United Parcel Service trucks are seen parked at a distribution facility, Friday, June 30, 2023, in Boston. A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said Friday, July 14, 2023, it will begin training many of its non-union employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month. (AP Photo/Michael Dwyer, File)
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UPS to train nonunion employees as talks stall with union for 340,000 workers and deadline nears
By MICHELLE CHAPMAN - AP Business Writer
Fri,07/14/23-12:01PM , 561 Reads
A little more than a week after contract talks between UPS and the union representing 340,000 of its workers broke down, UPS said it will begin training nonunion employees in the U.S. to step in should there be a strike, which the union has vowed to do if no agreement is reached by the end of this month.
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