Business News

20 minutes ago

As world goes online in pandemic, another mammoth chip deal

Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry

20 minutes ago

21 minutes ago

Still hampered by virus, US casinos want aid in recovering

The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from a coronavirus outbreak that cost states more than $2 billion in lost tax revenue while casinos were shut down for four months this year

21 minutes ago

See-through barriers separate gamblers and a dealer at a card table at the Hard Rock casino in Atlantic City, N.J., on July 2, 2020, the first day it reopened after being closed for four months due to the coronavirus outbreak. American Gaming Association President Bill Miller said Tuesday, Oct. 27, 2020, the industry is adapting to the pandemic but needs assistance from the government for its casinos and workers. (AP Photo/Wayne Parry)

28 minutes ago

New protests loom as Europeans tire of virus restrictions

Italy is bracing for another day of nationwide protests against virus-fighting measures that have closed restaurants and bars early and shut down gyms and swimming pools

28 minutes ago

Police patrol outside the central train station, during a protest against the government restriction measures to curb the spread of COVID-19, in Milan Italy, Monday, Oct. 26, 2020. Italy's leader has imposed at least a month of new restrictions to fight rising coronavirus infections, shutting down gyms, pools and movie theaters and putting an early curfew on cafes and restaurants. (AP Photo/Luca Bruno)

30 minutes ago

Stocks continue slipping a day after worst loss in weeks

U.S. stocks are falling Tuesday, as momentum slows following Wall Street’s worst day in a month on worries about rising virus counts and Washington’s inability to deliver more aid to the economy

30 minutes ago

A woman walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Oct. 27, 2020. Shares skidded in Asia on Tuesday after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month. (AP Photo/Vincent Yu)

1 hour ago

Lilly stays confident in possible COVID drug after setback

Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients

1 hour ago

FILE - This is an April 26, 2017, file photo showing Eli Lilly corporate headquarters in Indianapolis. Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients. The drugmaker said Tuesday, Oct. 27, 2020, that It remains confident that its drug may stop COVID from developing in other patients. (AP Photo/Darron Cummings, File)

1 hour ago

BP reports 3Q earnings plunge amid falling demand

BP plc says third-quarter earnings plunged 96% as the COVID-19 pandemic reduced energy prices and demand

1 hour ago

Trump trade policy: 4 years of high drama. Limited results.

President Donald Trump spent four years upending seven decades of American trade policy

1 hour ago

FILE - In this July 26, 2018, file photo President Donald Trump speaks at the United States Steel Granite City Works plant in Granite City, Ill. Trump spent four years upending seven decades of American trade policy. He started a trade war with China, slammed America’s closest allies by taxing their steel and aluminum and terrified Big Business by threatening to take a wrecking ball to $1.4 trillion in annual trade with Mexico and Canada. Trump’s legacy on trade is likely to linger, regardless whether Joe Biden replaces him in the White House in January 2021. (AP Photo/Jeff Roberson, File)

1 hour ago

Consumer confidence dips to 100.9 as virus spreads in US

U.S. consumer confidence dipped slightly in October as coronavirus cases continue to rise across the country

1 hour ago

Workers are reflected in a window of a bookstore, Monday, Sept. 28, 2020, in the Harvard Square neighborhood of Cambridge, Mass. U.S. consumer confidence rebounded more quickly in September than most economists had expected, but it remains well below levels that preceded the pandemic. The Conference Board reported Tuesday, Sept. 29 that its consumer confidence index rose to a reading of 101.8, up from 86.3 in August. (AP Photo/Steven Senne)

2 hours ago

The Latest: Czech Republic average cases double in 2 weeks

The Czech government is asking the Parliament to approve its plan to extend a state of emergency it declared a month until Dec 3

2 hours ago

A man wearing a face mask, walks by a Charlie Chaplin street art, in the Montmartre district of Paris, Sunday Oct.25, 2020. A curfew intended to curb the spiraling spread of the coronavirus, has been imposed in many regions of France including Paris and its suburbs. (AP Photo/Lewis Joly)

2 hours ago

Strong sales of drugs, vaccines, propel Merck in 3Q

Drugmaker Merck boosted its third-quarter profit by 55% and blew past Wall Street expectations, due to slightly higher sales, restrained spending and a small, one-time gain

2 hours ago

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker on Friday, July 31, 2020, increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19. (AP Photo/Seth Wenig, File)

2 hours ago

Pfizer tops 3Q earnings views, makes progress on COVID shot

Drugmaker Pfizer saw its third-quarter profit plunge 71%, mainly due to an $8.1 billion gain a year earlier from selling its consumer health care business

2 hours ago

Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn. Pfizer on Tuesday, July 28, reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)

3 hours ago

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

U.S. home prices posted a robust gain in August — another sign that the American housing market is strong despite economic fallout from the coronavirus pandemic

3 hours ago

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)

4 hours ago

Orders for big-ticket manufactured goods increased 1.9% in September with a key business investment category up as well

4 hours ago

Lithuania upset over soon-to-open Belarus nuke plant

The Baltic nation of Lithuania has sent a protest note to Belarus over a planned nuclear power plant close to their shared border that is to start operating in November

4 hours ago

As pandemic depresses demand, Caterpillar muscles through 3Q

Caterpillar’s sales fell 23% in the third quarter as dealers continued to pull back on construction equipment in their showrooms during the coronavirus pandemic

4 hours ago

FILE - In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. Caterpillar is reporting a third-quarter profit of $668 million and topped most expectations, though demand for its equipment is being driven down by the pandemic. The Deerfield, Illinois, company reported a profit Tuesday, Oct. 27, 2020, of $1.22 per share. (AP Photo/Rogelio V. Solis, File)

October 27

Lilly misses profit projects as sales of diabetes drug slow

Eli Lilly and Co. is reporting third-quarter net income of $1.21 billion

October 27

En esta imagen de mayo de 2020 distribuida por Eli Lilly, un investigador prueba posibles anticuerpos de COVID-19 en un laboratorio de Indianápolis. (David Morrison/Eli Lilly via AP, Archivo)

October 27

Spanish unemployment rises to 16.3% amid pandemic

Spain says 355,000 more people have been left unemployed in the third quarter

October 27

Las Ramblas of Barcelona are pictured after curfew on Sunday, Oct. 25, 2020. Spain orders nationwide curfew to stem worsening outbreak. Spanish Prime Minister Pedro Sánchez has declared a second nationwide state of emergency in hopes of stemming a resurgence in coronavirus infections. (AP Photo/Emilio Morenatti)

October 27

Greek navy minesweeper, Portuguese cargo ship collide

Greece’s coast guard says a Greek navy minesweeper and a Portuguese-flagged cargo ship have collided outside the country’s main port of Piraeus

October 27

Utility says its equipment may have sparked California blaze

Southern California Edison says its equipment may have sparked a Southern California wildfire that has prompted evacuation orders for more than 90,000 people and critically injured two firefighters

October 27

A roadside sign warns motorists of extreme fire danger on Grizzly Peak Boulevard, in Oakland, Calif., Sunday, Oct. 25, 2020. Due to high winds and dry conditions PG&E will turn off the power to over 361,000 customers in 36 counties to protect them from possible wildfires caused by downed power lines. The National Weather Service predicts offshore winds from the north peaking at higher elevations up to 70 mph. (Jose Carlos Fajardo/Bay Area News Group via AP)

October 27

Global shares fall on uncertainty over US election, pandemic

Shares have fallen in Asia after surging coronavirus cases and waning hopes for U.S. economic stimulus gave Wall Street its worst day in a month

October 27

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy. (AP Photo/Eugene Hoshiko)

October 26

How major US stock indexes fared Monday

Stocks closed sharply lower on Wall Street Monday, handing the S&P 500 its worst day in a month and knocking 650 points off the Dow Jones Industrial Average

October 26

Dunkin' shares hit all-time high after holding buyout talks

The Dunkin’ doughnuts and coffee chain has confirmed it’s held talks to be taken private by a private equity firm, sending its shares rocketing to an all-time high

October 26

SAP, KB Home fall; Dunkin' Brands, AstraZeneca rise

Stocks that moved heavily or traded substantially Monday: SAP, KB Home fall; Dunkin’ Brands, AstraZeneca rise

October 26

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

October 26

Muslims call for French goods boycott to protest caricatures

Muslims in the Middle East and beyond are calling for boycotts of French products and for protests as a clash over depictions of the Prophet Muhammad and the limits of free speech intensifies

October 26

A youth holds a photograph of France's President Emmanuel Macron, stamped with a shoe mark, during a protest against France in Istanbul, Sunday, Oct. 25, 2020. Turkish President Recep Tayyip Erdogan on Sunday challenged the United States to impose sanctions against his country while also launching a second attack on French President Emmanuel Macron. Speaking a day after he suggested Macron needed mental health treatment because of his attitude to Islam and Muslims, which prompted France to recall its ambassador to Ankara, Erdogan took aim at foreign critics. (AP Photo/Emrah Gurel)

October 26

Fox News anchors quarantine after virus exposure on flight

Several Fox News Channel executives and on-air personalities were exposed last week to a person on a private plane who later tested positive for COVID-19

October 26

FILE- People pass the News Corporation headquarters building and Fox News studios in New York on Aug. 1, 2017. Several Fox News Channel executives and on-air personalities were exposed last week to a person on a private plane who later tested positive for COVID-19. It has led to some restrictions at the network. Anchor Bret Baier said Monday that he's tested negative three times in the wake of the flight and will be doing his nightly news show from home this week. (AP Photo/Richard Drew, File)

October 26

As virus resurges, so does fear of more economic pain ahead

Prospects for more federal economic stimulus this year appear all but dead, clouding the future for the unemployed, for small businesses and for the U.S. economy as a whole

October 26

FILE - In this April 23, 2020, file photo, President Donald Trump's name is seen on a stimulus check issued by the IRS to help combat the adverse economic effects of the COVID-19 outbreak, in San Antonio. All that aid is now gone. Yet prospects for more federal stimulus this year appear all but dead, clouding the future for the unemployed, for small businesses and for the economy as a whole.(AP Photo/Eric Gay, File)

October 26

Feeding Houston's hungry: 1M pounds of food daily for needy

In lines of cars stretching more than half a mile, people thrown out of work by the coronavirus pandemic queue up with other needy people to receive some of the 1 million pounds of food distributed some days by the Houston Food Bank

October 26

`The books that see her through': Winfrey suggests seven

With Election Day approaching and the pandemic ongoing, Oprah Winfrey is setting aside her usual book club recommendations

October 26

FILE - Oprah Winfrey arrives for the presentation of Stella McCartney's ready-to-wear Fall-Winter 2019-2020 fashion collection in Paris on March 4, 2019. Winfrey is setting aside her usual book club recommendations and instead citing seven personal favorites ranging from James Baldwin’s landmark essays in “The Fire Next Time” to Mary Oliver’s poetry collection “Devotions.” She is calling her choices “The Books That See Me Through,” works she values for “their ability to comfort, inspire, and enlighten” her. (AP Photo/Michel Euler, File)

October 26

Sept. new home sales fall 3.5%, after strong summer season

Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market’s summer buying season came to a close

October 26

Model homes and for sale signs line the streets as construction continues at a housing plan in Zelienople, Pa., Wednesday, March 18, 2020. Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units. The Commerce Department said Monday, Oct. 26, 2020, that despite the modest decrease, sales of new homes are up 32.1% from a year earlier, as the housing market remains strong despite the pandemic. (AP Photo/Keith Srakocic)

October 26

'Babish' expands as pandemic boosts YouTube cooking shows

After the pandemic stopped life in its tracks in mid-March, many people have turned to YouTube food channels to help them learn how to cook, or cook better, and be part of a community

October 26

In this Oct. 7, 2020 photo, chef Sohla El-Waylly prepares Swedish meatballs during a taping of "Stump Sohla," in New York. El-Waylly became a familiar face on YouTube as a standout on Bon Appetit's test kitchen channel. But during the nationwide racial reckoning following the police killing of George Floyd, she was among members of the test kitchen who accused the channel's owner, Conde Nast, of discriminatory practices. She departed Bon Appetit in August after failed negotiations. Her new show is her own, pushing her to deploy her talent, charm and encyclopedic culinary chops to solve challenges. (AP Photo/Mary Altaffer)

October 26

Chinese fintech could shatter records with $35B share offer

The world’s largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a public offering of stock that would be the biggest ever

October 26

FILE - This July 20, 2020, file photo, shows, the app for Alipay, the mobile payments service operated by Ant Group, on a smartphone in Beijing. China’s Ant Group will try to raise nearly $35 billion in its initial public offering in Shanghai and Hong Kong, which would make it the largest share offering in history. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely-used Alipay digital wallet in China and one of the world’s largest money market funds, will hold dual listings in Shanghai and Hong Kong. (AP Photo/Ng Han Guan, File)

October 26

Post-Abe agenda: Suga says Japan to go carbon-free by 2050

Japanese Prime Minister Yoshihide Suga has declared Japan will achieve zero carbon emissions by 2050 in his first policy speech since taking over from Shinzo Abe

October 26

Japanese Prime Minister Yoshihide Suga delivers a policy speech during an extraordinary Diet session at the upper house of parliament in Tokyo, Monday, Oct. 26, 2020. Suga has declared Japan will achieve zero carbon emissions by 2050 in his first policy speech after taking over from Shinzo Abe. The policy speech Monday at the outset of the parliamentary session set an ambitious agenda reflecting Suga's pragmatic approach to getting things done. (AP Photo/Koji Sasahara)

October 26

The big business of Pokemon in 1999

Sept. 1, 1999: More and more children are speaking the language of Pokemon.

October 26

October 26

Crew safe, 7 detained after UK special forces raid tanker

The operator of an oil tanker that was stormed by British naval special forces after a group of stowaways threatened violence says all the crew members are “safe and well."

October 26

The Nave Andromeda oil tanker is docked next to the Queen Elizabeth II Cruise Terminal in Southampton, England, Monday, Oct. 26, 2020. The U.K. military seized control of the oil tanker that dropped anchor in the English Channel after reporting it had seven stowaways on board who had become violent. (Andrew Matthews/PA Wire via AP)

October 26

Germany's Bayer to buy US gene therapy specialist AskBio

German health care company Bayer says it is buying Asklepios BioPharmaceutical, a U.S.-based firm specializing in gene therapy, in a deal worth up to $4 billion

October 26

Spokesman: China to sanction US arms suppliers to Taiwan

China's government says it will impose sanctions on U.S. companies including Boeing and Lockheed Martin for supplying weapons to rival Taiwan

October 26

Coal magnate Robert Murray dead at 80, days after retiring

Coal magnate Robert Murray has died at his home in Ohio less than a week after announcing his retirement as board chairman of a major U.S. coal operator

October 26

FILE - In this Wednesday, Aug. 22, 2007, file photo, Robert Murray, chief executive of Murray Energy Corp., speaks during an interview with an Associated Press reporter in his office at the Crandall Canyon Mine, in Huntington, Utah. Murray died Sunday, Oct. 25, 2020, at his home in Ohio less than a week after announcing his retirement as board chairman of a major U.S. coal operator. (AP Photo/Jae C. Hong, File)

October 26

This Week: Consumer confidence, Ford earns, home sales

The Conference Board issues its October index of U.S. consumer confidence Tuesday

October 26

FACT CHECK: Trump and his familiar falsehoods

President Donald Trump is campaigning relentlessly heading into the election's final week

October 26

President Donald Trump speaks at a campaign rally at Manchester-Boston Regional Airport, Sunday, Oct. 25, 2020, in Londonderry, N.H. (AP Photo/Alex Brandon)

October 26

AP FACT CHECK: Trump and his oh-so-familiar falsehoods

President Donald Trump is campaigning relentlessly heading into the election's final week

October 26

October 25

Asian shares little changed on uncertainty over US election

Asian shares are little changed in muted trading amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy

October 25

Pedestrian stand near an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, Oct. 26, 2020. Asian shares were little changed in muted trading Monday amid widespread uncertainty over what the U.S. presidential election will portend for markets and economic policy.(AP Photo/Eugene Hoshiko)

October 25

Lee Kun-Hee, force behind Samsung’s rise, dies at 78

Lee had been hospitalized for years with his son in charge of company affairs

October 25

A Samsung Group flag and South Korean national flag flutter at its office in Seoul, South Korea, Wednesday, May 6, 2020. Samsung heir Lee Jae-yong on Wednesday expressed remorse but offered no clear admission of wrongdoing over his alleged involvement in a 2016 corruption scandal that spurred massive street protests and sent South Korea's then-president to prison. (AP Photo/Ahn Young-joon)

October 25

Italy closes gyms, shuts eateries early to fight COVID-19

Italy’s leader has imposed at least a month of new restrictions to fight rising coronavirus infections, shutting down gyms, pools and movie theaters and putting an early curfew on cafes and restaurants

October 25

A waiter stands outside a cafe in downtown Rome, Sunday, Oct. 25, 2020. For at least the next month, people outdoors except for small children must now wear masks in all of Italy, gyms, cinemas and movie theaters will be closed, ski slopes are off-limits to all but competitive skiers and cafes and restaurants must shut down in early evenings, under a decree signed on Sunday by Italian Premier Giuseppe Conte, who ruled against another severe lockdown despite a current surge in COVID-19 infections. (Cecilia FabianoLaPresse via AP)

October 25

Virus is pummeling Europe's eateries — and winter is coming

The coronavirus pandemic is surging across Europe with renewed force and, with winter coming, its restaurant industry is struggling

October 25

FILE - In this Wednesday, Oct. 21, 2020 file photo, empty tables of a restaurant in the Duomo Square in Milan, Italy. The coronavirus pandemic is gathering strength again in Europe and, with winter coming, its restaurant industry is struggling. The spring lockdowns were already devastating for many, and now a new set restrictions is dealing a second blow. Some governments have ordered restaurants closed; others have imposed restrictions curtailing how they operate. (AP Photo/Luca Bruno, File)

October 25

France reacts to boycott calls; Erdogan ups Macron insults

French authorities have denounced Turkish “propaganda” against France that they said was aimed at fanning hate at home and abroad and say calls to boycott French products need to cease immediately

October 25

A child holds a photograph of France's President Emmanuel Macron, stamped with a shoe mark, during a protest against France in Istanbul, Sunday, Oct. 25, 2020. Turkish President Recep Tayyip Erdogan on Sunday challenged the United States to impose sanctions against his country while also launching a second attack on French President Emmanuel Macron. Speaking a day after he suggested Macron needed mental health treatment because of his attitude to Islam and Muslims, which prompted France to recall its ambassador to Ankara, Erdogan took aim at foreign critics. (AP Photo/Emrah Gurel)

October 25

UK doctors demand free meals for kids as COVID fuels hunger

Pediatricians are urging the British government to reverse course and provide free meals for poor children during school holidays as the COVID-19 pandemic pushes more families into poverty

October 25

A view of a lunch box at the Pudding Pantry which they will be providing free, during half term for any child in need, who would normally get a free school lunch, after MPs voted to reject a motion to provide food to those in need during the school holidays, in Nottingham, England, Friday, Oct. 23, 2020. Pediatricians are urging the British government to reverse course and provide free meals for poor children during school holidays as the COVID-19 pandemic pushes more families into poverty. (Tim Goode/PA via AP)

October 25

Delta adds 460 people to no-fly list for refusing to wear masks

The news follows multiple confrontations over masks on U.S. flights.

October 25

Edward Bastian, chief executive officer of Delta Air Lines Inc., listens during an interview in New York, Sept. 18, 2019.

October 25

Spain orders nationwide curfew to stem worsening outbreak

Spanish Prime Minister Pedro Sánchez has declared a second nationwide state of emergency in hopes of stemming a resurgence in coronavirus infections

October 25

FILE - Spain's Prime Minister Pedro Sanchez speaks during a parliamentary session in Madrid, Spain, Wednesday Oct. 21, 2020. Sánchez is appealing for Spaniards to pull together and defeat the new coronavirus, warning: “The situation is serious.” Sanchez, in a televised address to the nation Friday, acknowledged public fatigue with restrictions to contain the spread of COVID-19. (AP Photo/Manu Fernandez, Pool)

October 25

Freehold looks to make up ground in NJ sports betting race

Slow out of the gate as New Jersey sprinted ahead in the nascent U.S. sports betting market, Freehold Raceway is hoping to catch up to the pack as the latest entity in the state to offer it

October 25