fbpx
Thursday, December 3, 2020
Home AP Top News - Business - Stories

AP Top News - Business - Stories

Senate confirms Christopher Waller to serve on Fed’s board

WASHINGTON (AP) — The Senate on Thursday narrowly confirmed the nomination of Christopher Waller for the Federal Reserve's Board of Governors, placing another of...

Late stumble leaves S&P 500 just short of a record high

U.S. stock indexes closed mostly higher Thursday after a late stumble pulled the S&P 500 just short of its third straight all-time high. ...

Govt accuses Facebook of discriminating against US workers

WASHINGTON (AP) — The Trump administration is accusing Facebook in a lawsuit of discriminating against U.S. workers in favor of foreigners with special visas...

In seismic shift, Warner Bros. to stream all 2021 films

NEW YORK (AP) — In the most seismic shift by a Hollywood studio yet during the pandemic, Warner Bros. Pictures on Thursday announced that...

US plans oil, gas lease sale in Alaska’s Arctic refuge

JUNEAU, Alaska (AP) — The U.S. Bureau of Land Management plans to hold an oil and gas lease sale for Alaska's Arctic National Wildlife...

OPEC, Russia to nudge up oil output after hit from pandemic

FRANKFURT, Germany (AP) — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and...

Ryanair gives Boeing a boost by ordering 75 more Max jets

Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important...

Facebook to remove COVID-19 vaccine-related misinformation

LONDON (AP) — Facebook said Thursday it will start removing false claims about COVID-19 vaccines, in its latest move to counter a tide of...

Phishing ploy targets COVID-19 vaccine distribution effort

BOSTON (AP) — IBM security researchers say they have detected a cyberespionage effort using targeted phishing emails to try to collect vital information on...

As some pandemic aid ends, what’s next for hurting Americans

Americans who struggled through 2020 could face more hardship in the year ahead as pandemic related payments and protections come to an end. ...

Nestle to spend $3.6 billion on improving climate footprint

GENEVA (AP) — Nestle, the world's biggest food company, said Thursday that it will spend 3.2 billion Swiss francs ($3.6 billion) over five years...

US long-term mortgage rates edge lower; 30-year at 2.71%

WASHINGTON (AP) — U.S. long-term mortgage rates edged lower this week, reaching record lows for the 14th time this year against the backdrop of...

US service sector growth slows for 2nd straight month

SILVER SPRING, Md. (AP) — The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November. ...

Biden is facing high hopes, tough choices on border wall

LOS EBANOS, Texas (AP) — The U.S. government has been trying to take Pamela Rivas' land for a border wall since before Joe Biden...

Turkey announces vaccination plan for Chinese CoronaVac

ISTANBUL (AP) — Turkey’s health minister has announced a plan to start using an experimental Chinese COVID-19 vaccine later this month amid a surge...

US jobless claims remain high at 712,000 as virus escalates

WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell as the nation celebrated Thanksgiving last week to a still-high 712,000, the...

Brexit broken record: Trade deal close but big issues remain

LONDON (AP) — Much like a broken record, Brexit trade talks are rumored to be poised for success on the cusp of a deadline,...

Official: Africa needs COVID-19 vaccine for 60% in 2-3 years

NAIROBI, Kenya (AP) — Africa’s top public health official says 60% of the continent’s population needs to be vaccinated against the coronavirus in the...

Scandinavian Airlines: slow return to travel despite vaccine

STOCKHOLM (AP) — Scandinavian Airlines says the outlook for travel in 2021 remains bleak and a recovery in flight traffic from the pandemic will...

Australian leader seeks conciliation in dispute with China

WELLINGTON, New Zealand (AP) — A diplomatic war of words between Australia and China over a graphic tweet seemed to finally cool on Thursday...

Sean Parker OK’d to buy stake in Peter Jackson’s VFX studio

WELLINGTON, New Zealand (AP) — New Zealand authorities have approved tech billionaire Sean Parker’s purchase of a one-third stake in film director Peter Jackson’s...

Pasadena bucks Los Angeles County to offer alfresco dining

PASADENA, Calif. (AP) — It was a rare sight after Los Angeles County restaurants were restricted to takeout to reduce the spread of the...

Asian shares inch higher on optimism over vaccines, stimulus

Shares were mostly higher in Asia on Thursday, helped by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new...

Hewlett Packard Enterprise to move headquarters to Texas

SPRING, Texas (AP) — Tech giant Hewlett Packard Enterprise said it is moving its global headquarters to the Houston area from California, where the...

Waiting for passengers, American puts Boeing Max in the air

DALLAS (AP) — American Airlines is taking its long-grounded Boeing 737 Max jets out of storage, updating key flight-control software, and flying the planes...

Britain OKs Pfizer vaccine and will begin shots within days

LONDON (AP) — Britain became the first country in the world to authorize a rigorously tested COVID-19 vaccine Wednesday and could be dispensing shots...

Biden, top Democrats swing behind bipartisan virus aid bill

WASHINGTON (AP) — President-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies cut their demands for...

Fed reports slowing US economic activity due to virus surge

WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that economic activity in several regions slowed in November as...

The Latest: Biden gives dire virus warning for next 2 months

WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): ...

Who did it? TV viewers intrigued by HBO’s ‘The Undoing’

NEW YORK (AP) — The dramatic conclusion to “The Undoing,” HBO's whodunit starring Hugh Grant and Nicole Kidman, proved how it's still possible to...

Walmart drops $35 minimum for its members’ online orders

NEW YORK (AP) — Shoppers on Walmart.com who pay a $98-a-year membership fee will get free shipping on orders of any size starting Friday. ...

Putin orders ‘large-scale’ COVID-19 vaccination in Russia

MOSCOW (AP) — President Vladimir Putin on Wednesday ordered a “large-scale” COVID-19 immunization campaign to start by late next week, with doctors and teachers...

San Francisco bans smoking inside apartments; pot smoking OK

SAN FRANCISCO (AP) — City officials in San Francisco have banned all tobacco smoking inside apartments, citing concerns about secondhand smoke. But lighting up...

Fed and Treasury urge Congress to approve more virus relief

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin urged Congress to approve COVID-19 relief funds without further delay, though...

Woman who fled business fraud sentencing seeks early release

COLUMBUS, Ohio (AP) — An Ohio woman who fled the United States for Mexico ahead of her sentencing in one of the biggest corporate...

Austria to allow Christmas skiing but many restrictions stay

VIENNA (AP) — Austria will allow skiing to start on Dec. 24, but will limit the capacity of ski lifts and keep restaurants, bars...

UN calls on humanity to end ‘war on nature,’ go carbon-free

As an extreme year for hurricanes, wildfires and heat waves comes to an end, the head of the United Nations challenged world leaders to...

Massed Brazilian bank robbers attack another city, kill 1

RIO DE JANEIRO (AP) — A large gang of heavily armed bank robbers invaded the Brazilian city of Cameta just one day after a...

EU pushes for ‘right to disconnect’ from work at home

BRUSSELS (AP) — European Union lawmakers on Wednesday voted in favor of a “right to disconnect” from the internet and email, with around one...

Australia bounces out of recession as economy grows 3.3%

WELLINGTON, New Zealand (AP) — Australia's economy grew by 3.3% in the third quarter, rebounding from its first recession in nearly three decades as...

Asian shares mixed after S&P 500 sets fresh record high

Asian shares advanced Wednesday after Wall Street kicked off December with more milestones, as a broad rally pushed the S&P 500 and Nasdaq composite...

Judge throws out Trump rules limiting skilled-worker visas

CHICAGO (AP) — A federal judge on Tuesday struck down two Trump administration rules designed to drastically curtail the number of visas issued each...

Salesforce buying work-chat service Slack for $27.7 billion

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for $27.7 billion in a deal aimed at giving the...

Senate GOP leader sticking with partisan COVID relief plan

WASHINGTON (AP) — Top Senate Republican Mitch McConnell said Tuesday he's largely sticking with a partisan, scaled-back COVID-19 relief bill that has already failed...

Unveiling economic team, Biden pledges, ‘Help is on the way’

WILMINGTON, Del. (AP) — President-elect Joe Biden on Tuesday introduced top advisers he says will help his administration rebuild an economy hammered by the...

Nasdaq seeks mandatory board diversity for listed companies

Nasdaq is pushing for the more than 3,000 companies listed on its U.S. stock exchange to make their boardrooms less overwhelmingly male and white...

Nestle, Cargill at high court in child labor case

WASHINGTON (AP) — The Supreme Court seemed concerned Tuesday about the impact of siding with food giants Nestle and Cargill and ending a lawsuit...

DeVos says free college amounts to a ‘socialist takeover’

In a veiled swing at President-elect Joe Biden's education plans, Education Secretary Betsy DeVos on Tuesday blasted the push for free college as a...

The Latest: Biden inaugural committee limits donors to $500K

WASHINGTON (AP) — The Latest on President-elect Joe Biden (all times local): ...

Airbnb hopes to raise up to $2.6B in mid-December IPO

Airbnb hopes to raise as much as $2.6 billion in its initial public stock offering this month, betting investors will see its home-sharing model...

Mnuchin defends shut down of Fed emergency loan programs

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a...

Nonessential shops reopen in Belgium as virus numbers drop

BRUSSELS (AP) — Nonessential shops in Belgium reopened Tuesday in the wake of encouraging figures about declining daily coronavirus infection rates and hospital admissions....

US construction spending jumps 1.3% in October

SILVER SPRING, Md. (AP) — U.S. construction spending jumped 1.3% in October, again on the strength of single-family home building. ...

France’s Macron warns against going skiing in Switzerland

PARIS (AP) — France will apply restrictions to prevent vacationers from going to Swiss ski resorts, and French slopes will remain closed during the...

Is shopping in stores safe during the pandemic?

Is shopping in stores safe during the pandemic? ...

Glimmers of hope for world economy, but dangers lurk

PARIS (AP) — Vendors broke out in applause in the flagship Galeries Lafayette department store in Paris as eager shoppers returned for the first...

US factories grew more slowly last month; index dips to 57.5

WASHINGTON (AP) — American factories grew at a slower pace last month and there are concerns that surging coronavirus infections will endanger an economic...

With a month until split, Brexit trade deal hangs in balance

LONDON (AP) — The British government told businesses on Tuesday to make sure they are ready for big changes when the U.K. makes its...

In dark day for UK retailing, 242-year-old Debenhams to shut

LONDON (AP) — The future of around 25,000 retailing jobs in Britain hangs in the balance after the failure of two long-established companies laid...

Without patients or staff, Madrid opens new $119M hospital

MADRID (AP) — Authorities in Spain's capital on Tuesday held a ceremony to open part of a 1,000-bed emergency hospital for COVID-19 patients that...

OPEC talks on production hit snag as pandemic clouds outlook

FRANKFURT, Germany (AP) — The OPEC oil producers' cartel was to push ahead with a new round of discussions Tuesday about how much to...

Dutch climate activists take Shell to court over emissions

THE HAGUE, Netherlands (AP) — A group of environmental organizations backed by thousands of Dutch citizens launched a civil case Tuesday against the energy...

Italian bank UniCredit shares sink on CEO departure

MILAN (AP) — Shares...

German unemployment dips despite 2nd partial shutdown

BERLIN (AP) — Germany's unemployment rate dipped in November despite a partial shutdown introduced to halt a sharp rise in coronavirus infections, official data...

Biden names liberal econ team as pandemic threatens workers

WILMINGTON, Del. (AP) — With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of...

Asian stocks gain on stronger Chinese factory data

BEIJING (AP) — Asian stocks rose Tuesday after Chinese manufacturing improved, with investors looking ahead to U.S. Federal Reserve Chairman Jerome Powell’s appearance before...

Biden names liberal econ team as pandemic threatens workers

WILMINGTON, Del. (AP) — With unemployment still high and the pandemic threatening yet another economic slump, President-elect Joe Biden is assembling a team of...

Zoom reports big 3Q gains, but slowing growth sinks stock

SAN RAMON, Calif. (AP) — Zoom’s videoconferencing service remains a fixture in pandemic life, but its breakneck growth is showing signs of tapering off...

GAO says weekly unemployment benefits report flawed

WASHINGTON (AP) — A government watchdog has found that the Labor Department’s widely watched weekly unemployment benefits data are providing an inaccurate reading on...

Moderna asking US, European regulators to OK its virus shots

Moderna Inc. said Monday it was asking U.S. and European regulators to allow emergency use of its COVID-19 vaccine as new study results confirm...

This holiday season, everyone is shopping from home

NEW YORK (AP) — The viral pandemic is accelerating a transformation of America's holiday shopping season. ...

Powell says pace of economic improvement has moderated

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says that the pace of improvement in the economy has moderated in recent months with future...

Canada to add to record deficit in pandemic recovery attempt

TORONTO (AP) — Canadian Prime Minister Justin Trudeau’s government vowed Monday to spend billions more to help the country recover from the pandemic. ...

Congress returns with virus aid, federal funding unresolved

WASHINGTON (AP) — After months of shadowboxing amid a tense and toxic campaign, Capitol Hill's main players are returning for one final, perhaps futile,...

Philip Green’s retail empire Arcadia calls in administrators

LONDON (AP) — Arcadia Group, the sprawling British retail empire that includes Topshop and has been run by billionaire Philip Green since 2002, was...

UN: Skiing may not spread coronavirus but slopes still risky

GENEVA (AP) — As several European countries have suspended access to the ski slopes to stop the spread of the coronavirus pandemic, the World...

Poland, Hungary PMs meet over EU budget veto strategy

WARSAW, Poland (AP) — Poland and Hungary have declared openness to new proposals from the European Union regarding the bloc's next budget and major...

IMF: Greek debt sustainable despite pandemic-linked spike

ATHENS, Greece (AP) — The International Monetary Fund said Monday that Greece's huge public debt remains sustainable in the medium term despite “unprecedented uncertainty”...

Holiday air travel surges despite dire health warnings

Nearly 1.2 million people passed through U.S. airports Sunday, the largest number since the pandemic gripped the country in March, despite pleas from health...

Turkey toughens curfew measures amid coronavirus surge

ISTANBUL (AP) — Turkey’s president on Monday announced the country's most widespread lockdown so far amid a surge in COVID-19 infections, extending curfews to...

Data is king on Wall Street; 2 providers join in $44B deal

The value that Wall Street places on access to billions of bytes of data, rather than old-school stock picking, became abundantly clear Monday as...

OPEC talks on oil production to go into second day

FRANKFURT, Germany (AP) — Leaders of the OPEC oil cartel adjourned their virtual meeting Monday on future production as no agreement was announced on...

Scottish leader says she could seek 2021 independence vote

LONDON (AP) — Scotland’s leader said Monday that she hopes to hold an independence referendum as soon as next year, setting up a political...

Greece: Critics warn virus test price caps may slash testing

ATHENS, Greece (AP) — ...

First blood test to help diagnose Alzheimer’s goes on sale

A company has started selling the first blood test to help diagnose Alzheimer’s disease, a leap for the field that could make it much...

GM rethinks planned stake in electric vehicle maker Nikola

NEW YORK (AP) — General Motors will not be taking a stake in the electric vehicle company Nikola, and the company said Monday that...

Fewer Americans sign contracts to buy homes in October

SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes fell for the second consecutive month as lack of available...

Germany’s Merkel: Brexit no-deal would set bad example

BERLIN (AP) — German Chancellor Angela Merkel said Monday that Britain and the European Union would set a bad example if they fail to...

DoorDash looking for a valuation of nearly $30B

NEW YORK (AP) — DoorDash is looking for a valuation of nearly $30 billion when it takes itself public, reflecting how integral food delivery...

UK to ban new Huawei gear installations after Sept

LONDON (AP) — Wireless carriers in the U.K. won’t be allowed to install Huawei equipment in their high-speed 5G networks after September 2021, the...

China’s manufacturing accelerates in November

BEIJING (AP) — China’s manufacturing activity accelerated in November as its rebound from the pandemic gained strength, a survey showed Monday, while the United...

UK stocks up on vaccines, hopes to start virus shots in days

LONDON (AP) — Britain said Sunday it has secured 2 million more doses of a promising coronavirus vaccine as it gears up to launch...

Plan to boost big Swiss firms’ liability fails in referendum

GENEVA (AP) — A proposal that could have stiffened penalties against companies based in Switzerland if they violate human rights or harm the environment...

UK says Brexit trade talks with EU are in their ‘last week’

LONDON (AP) — Britain’s foreign minister said Sunday there is only about a week left for the U.K. and the European Union to strike...

Hawaii seeks to be seen as a remote workplace with a view

HONOLULU (AP) — Software engineer Raymond Berger begins his work day at 5 a.m., before the sun comes up over Hawaii. ...

Court orders France to rethink 30-person limit on worship

PARIS (AP) — France’s highest administrative court on Sunday ordered a rethink of a 30-person attendance limit for religious services put in place by...

Turkey’s new virus figures confirm experts’ worst fears

ANKARA, Turkey (AP) — When Turkey changed the way it reports daily COVID-19 infections, it confirmed what medical groups and opposition parties have long...

Black Friday sees record online as US shoppers stay home

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. ...

Tony Hsieh, retired Zappos CEO, dies at 46 after house fire

LAS VEGAS (AP) — Tony Hsieh, the retired CEO of Las Vegas-based online shoe retailer Zappos.com, who spent years working to transform the city's...

India farmers press on with protest despite offer to talk

NEW DELHI (AP) — Thousands of farmers in and around the Indian capital on Saturday pressed on with their protest against agricultural legislation they...

FEATURE - Read More >

Weather - Click The Icon To Change Locations

Los Angeles
clear sky
70.3 ° F
72 °
67 °
9 %
0.4mph
1 %
Thu
70 °
Fri
72 °
Sat
71 °
Sun
71 °
Mon
70 °
Do NOT follow this link or you will be banned from the site!