Business News

11 minutes ago

Global stocks sink after China coronavirus resurgence

Global stock markets have retreated after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia

11 minutes ago

A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Friday, Jan. 22, 2021. Asian stock markets retreated Friday after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia. (AP Photo/Lee Jin-man)

2 hours ago

Google threatens to pull search engine in Australia

Google is threatening to make its search engine unavailable in Australia if the government proceeds with plans to make tech giants pay for news content

2 hours ago

Mel Silva, right, the managing director of Google Australia and New Zealand, appears via a video link during a Senate inquiry into a mandatory code of conduct proposed by the government at Parliament House in Canberra, Friday, Jan. 22, 2021. Google on Friday threatened to make its search engine unavailable in Australia if the government went ahead with plans to make tech giants pay for news content. (Mick Tsikas/AAP Image via AP)

January 21

Asian stocks sink after China coronavirus resurgence

Asian stock markets have retreated after a resurgence of coronavirus infections in China and a rise in cases in Southeast Asia

January 21

A screen shows a news report about U.S. President Joe Biden's inauguration as a currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 21, 2021. (AP Photo/Ahn Young-joon)

January 21

Judge says Amazon won't have to restore Parler web service

Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app favored by followers of former President Donald Trump

January 21

ExxonMobil becomes latest sponsor to sever Iditarod ties

The Iditarod, the world’s most famous sled dog race, has lost another major sponsor as it prepares for a scaled back version of this year’s race because of the pandemic

January 21

Biden halts border wall building after Trump's final surge

President Joe Biden has ordered a “pause” on all border wall construction, one of 17 executive orders issued his first day in office

January 21

A man looks through the first wall at Friendship Park, near where the border separating Tijuana, Mexico, and San Diego meets the Pacific Ocean Tuesday, Jan. 19, 2021, in Tijuana, Mexico. In the days before Joe Biden became president, construction crews worked quickly to finish Donald Trump's wall at an iconic cross-border park overlooking the Pacific Ocean that then-first lady Pat Nixon inaugurated in 1971 as symbol of international friendship. (AP Photo/Gregory Bull)

January 21

Travelers, Beazer rise; United Airlines, Healthpeak fall

Stocks that traded heavily or had substantial price changes Thursday: Travelers, Beazer rise; United Airlines, Healthpeak fall

January 21

Biden inherits damaged economy, with signs of hope emerging

President Joe Biden has inherited a badly damaged economy pulverized by the pandemic, with 10 million fewer jobs than a year ago and as many as one in 6 small businesses shut down

January 21

FILE - A man walks out of a Marc's Store, Friday, Jan. 8, 2021, in Mayfield Heights, Ohio. Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic. (AP Photo/Tony Dejak, file)

January 21

CSX profit slips in 4Q but railroad hauls 4% more freight

CSX railroad has reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns

January 21

FILE - A CSX freight train pulls through McKeesport, Pa., on Tuesday, June 2, 2020. CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. The Jacksonville, Florida-based railroad said Thursday, Jan. 21, 2021 it earned $760 million, or 99 cents per share, during the quarter. (AP Photo/Gene J. Puskar)

January 21

Biden signs burst of virus orders, vows 'Help is on the way'

President Joe Biden is putting into play his national COVID-19 strategy to ramp up vaccinations and testing, reopen schools and businesses and increase the use of masks

January 21

President Joe Biden addresses the nation at the Celebrating America concert at the Lincoln Memorial in Washington, Wednesday, Jan. 20, 2021, after his inauguration.. (Joshua Roberts/Pool photo via AP)

January 21

World leaders laud US return to climate fight under Biden

World leaders have breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate change, a cause that his predecessor had shunned

January 21

FILE - In this Saturday, June, 3, 2017 file photo, the coal-fired Plant Scherer, one of the nation's top carbon dioxide emitters, stands in the distance in Juliette, Ga.. World leaders breathed an audible sigh of relief that the United States under President Joe Biden is rejoining the global effort to curb climate change, a cause that his predecessor had shunned. British Prime Minister Boris Johnson and French President Emmanuel Macron were among those welcoming Biden’s decision on Wednesday, Jan. 20, 2021 to rejoin the the Paris climate accord. (AP Photo/Branden Camp, file)

January 21

Trump returns to a business empire ravaged by pandemic

Donald Trump is returning to a family business ravaged by pandemic shutdowns, with revenue plunging more than 40 percent at his Doral golf property, his Washington hotel and both his Scottish resorts over the past year

January 21

President Donald Trump speaks with reporters as he walks to board Marine One on the South Lawn of the White House, Wednesday, Jan. 20, 2021, in Washington. Trump is en route to his Mar-a-Lago Florida Resort. (AP Photo/Alex Brandon)

January 21

FDA approves 1st long-acting HIV drug combo, monthly shots

U.S. regulators have approved the first long-acting drug combo for HIV, monthly shots that can replace daily pills

January 21

These illustrations, provided by drugmaker ViiV Healthcare on Thursday, Dec. 10, 2020, shows a rendering of the packaging and vials containing its new HIV treatment, Cabenuva, approved by the U.S. Food and Drug Administration on Thursday, Jan. 21, 2021. U.S. regulators have approved the first long-acting combo drug for HIV, monthly shots that can replace the daily pills that have been used for decades to control infection with the AIDS virus. Thursday’s approval of Cabenuva is expected to make it easier for people to stay on track with their HIV medicines and to do so with more privacy(ViiV Healthcare via AP)

January 21

How major US stock indexes fared Thursday

Stocks drifted to a mixed close on Wall Street Thursday as the earnings reporting season for U.S. companies ramped into higher gear

January 21

Biden's climate steps could have big impact on energy firms

President Joe Biden has put his team to work reviewing dozens of actions taken by former President Donald Trump, aiming to reverse orders that he says harm the environment or endanger public health

January 21

President Joe Biden pauses as he signs his first executive orders in the Oval Office of the White House on Wednesday, Jan. 20, 2021, in Washington. (AP Photo/Evan Vucci)

January 21

United Airlines shares lose altitude after weak 1Q forecast

Shares of United Airlines are falling after the company gave a weak forecast for its revenue in the first three months of 2021

January 21

FILE - In this Oct. 15, 2020, file photo, a United Airlines airplane takes off over another United plane on the runway at San Francisco International Airport in San Francisco. United Airlines said Wednesday, Jan. 20, 2021, that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year. (AP Photo/Jeff Chiu, File)

January 21

EU to hold video summit to assess new virus restrictions

European Union leaders assessed more measures to counter the spread of coronavirus variants during a video summit Thursday as the bloc’s top disease control official said urgent action was needed to stave off a new wave of hospitalizations and deaths

January 21

Portuguese Prime Minister Antonio Costa listens to European Commission President Ursula Von Der Leyen, foreground, addressing European lawmakers during the presentation of the programme of activities of the Portuguese Presidency on a plenary session at the European Parliament in Brussels, Wednesday, Jan. 20, 2021. (AP Photo/Francisco Seco, Pool)

January 21

Closing prices for crude oil, gold and other commodities

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

January 21

Facebook's oversight board to rule on Trump ban

Facebook is passing the buck for its indefinite suspension of former president Donald Trump to a quasi-independent oversight board, setting up a major test of the recently established panel

January 21

US government approves routes for Wyoming CO2 pipelines

The U.S. government has approved routes for a potential system of pipelines that would move carbon dioxide across Wyoming

January 21

FILE - In this Oct. 2, 2014, file photo, pipes and tanks snake around the inside of a carbon capture and storage facility during the official opening of the facility at the Boundary Dam Power Station in Estevan, Saskatchewan. Boundary Dam has the only currently operational power plant-to-oilfield pipeline for carbon capture in North America. The U.S. government under Donald Trump's administration has approved routes for a system of pipelines that would move carbon dioxide across Wyoming in what could be by far the largest such network in North America, if developed. (Michael Bell/The Canadian Press, via AP, File)

January 21

Biden suspends new oil and gas leases, permits for 60 days

The Biden administration has suspended new oil and gas leasing and drilling on public lands and waters for 60 days as part a review of programs at the Department of Interior

January 21

Friendly's restaurant chain sale finalized after bankruptcy

The Friendly's restaurant chain has finalized its sale after filing for bankruptcy in November

January 21

Lilly: Drug can prevent COVID-19 illness in nursing homes

Drugmaker Eli Lilly says its COVID-19 antibody drug can prevent illness among residents and staff of nursing homes and other long-term care locations

January 21

FILE - This April 26, 2017 file photo shows the Eli Lilly & Co. corporate headquarters in Indianapolis. Drugmaker Eli Lilly said Thursday, Jan. 21, 2021, its COVID-19 antibody drug can prevent illness among residents and staff of nursing homes and other long-term care locations. It’s the first major study to show that it may prevent disease. The drugmaker said participants who got the drug had up to a 57% lower risk of getting COVID-19. (AP Photo/Darron Cummings, File)

January 21

Union Pacific delivered 3% more freight as economy recovered

Union Pacific’s fourth-quarter profit chugged ahead as shipping volume improved for the first time since before the coronavirus pandemic slowed the economy to a crawl last year

January 21

Vatican convicts ex-bank chief in property embezzlement scam

The Vatican’s criminal tribunal has convicted the former head of the Vatican bank and his lawyer of embezzling millions of euros in proceeds from the sales of Holy See-owned real estate

January 21

FILE - In this Tuesday, Jan. 28, 2014 filer, an exterior view of the offices of the Vatican bank IOR in Vatican City. The Vatican’s criminal tribunal on Thursday, jan, 21, 2021 convicted the former head of the Vatican bank and his lawyer of embezzling some 57 million euros in proceeds from the sales of Holy See-owned real estate and sentenced them to nearly nine years in prison. (AP Photo/Domenico Stinellis, File)

January 21

Dutch lawmakers back coronavirus curfew despite criticism

A majority of Dutch lawmakers has backed the government’s planned curfew, despite fierce criticism from some opposition legislators

January 21

FILE- In this Tuesday Dec. 15, 2020, file photo, A skull is glued onto a traffic light on the near-empty Dam Square with the Royal Palace, seen center rear, in Amsterdam, Netherlands. The Dutch government said Wednesday, Jan. 20, 2021, that it wants to impose a curfew as part of beefed-up restrictions to rein in the spread of new more contagious variants of the coronavirus that already accounts for at least one in every 10 Dutch infections.(AP Photo/Peter Dejong, File)

January 21

US long-term mortgage rates slip; 30-year loan at 2.77%

U.S. long-term mortgage rates slipped this week while remaining at record-low levels

January 21

UK, EU in spat over diplomatic status of bloc's ambassador

Britain has sparked a post-Brexit spat with the European Union by declining to grant the bloc’s first-ever ambassador to the country full diplomatic status

January 21

FILE - In this Monday, June 2, 2014 file photo, European Union Ambassador to the US Joao Vale de Almeida answers questions during a newsmaker interview at the Associated Press in Washington. Britain has sparked a post-Brexit spat with the European Union on Thursday, Jan. 21, 2021 by declining to grant the bloc’s first-ever ambassador to the country full diplomatic status. Joao Vale de Almeida is the 27-nation EU’s envoy to the U.K., which left the bloc last year. But the British government says the EU is an international organization, rather than a country, and has not given Vale de Almeida the full rights accorded to ambassadors, including immunity from taxation and prosecution. (AP Photo/J. David Ake, file)

January 21

Alibaba stock spikes after Jack Ma resurfaces

After making fiery remarks about Chinese regulations, Ma wasn't seen for months.

January 21

Founder of Alibaba Group Jack Ma presents at the 'Ma Yun Rural Teachers and Headmasters Prize' awards show on Jan. 6th, 2020 in Sanya, China.

January 21

European Central Bank stimulus on track as economy struggles

The European Central Bank has left its bond-purchase stimulus program unchanged as the 19-country eurozone endures a winter economic slowdown due to the pandemic

January 21

Office lights of the European Central Bank in Frankfurt, Germany, Wednesday, Jan. 13, 2021. (AP Photo/Michael Probst)

January 21

US home construction jumps 5.8% in December to 1.67 million

U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high, as housing wrapped up its best year since 2006

January 21

US jobless claims decline to a still-high 900,000

The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic

January 21

FILE - In this Dec. 10, 2020, file photo, a "Now Hiring" sign hangs on the front wall of a Harbor Freight Tools store in Manchester, N.H. The latest figures for jobless claims, issued Thursday, Jan. 14, 2021 by the Labor Department, remain at levels never seen until the virus struck. (AP Photo/Charles Krupa, File)

January 21

Clock ticking for CEOs to grow profits again

CEOs have begun telling shareholders how much profit their companies made at the end of 2020, and expectations are for a miserable fourth-straight quarter of declines for S&P 500 companies

January 21

FILE - In this Friday, Jan. 15, 2021, file photo provided by the New York Stock Exchange, trader Ashley Lara works on the floor, in New York. CEOs have begun telling shareholders how much profit their companies made at the end of 2020, and expectations are for a miserable fourth-straight quarter of declines for S&P 500 companies. (Courtney Crow/New York Stock Exchange via AP, File)

January 21

Turkey launches charm offensive to ease tensions with EU

Turkey is launching a new effort to improve strained ties with the European Union

January 21

Turkey's Foreign Minister Mevlut Cavusoglu, left, and European Union foreign policy chief Josep Borrell give a joint statement prior to their meeting in Brussels, Thursday, Jan. 21, 2021. (Stephanie Lecocq/Pool Photo via AP)

January 21

Germany's Merkel points to variant risk as infections drop

Chancellor Angela Merkel says Germany is seeing a promising decline in new coronavirus infections, but must take “very seriously” the risk posed by a more contagious variant and will have to be cautious whenever it starts easing its lockdown

January 21

German Chancellor Angela Merkel sits in a car, leaving the Federal Press Conference building after a press conference on the current situation in Berlin, Germany, Thursday, Jan. 21, 2021. Topics included the decisions of the federal and state governments to combat the Corona pandemic, the Chancellor's upcoming virtual consultations with the heads of state and government of the European Union (EU), and relations with the United States following the inauguration of the new president. (Bernd von Jutrczenka/dpa via AP)

January 21

Google, French publishers sign copyright news payment deal

Google has signed a deal with a group of French publishers paving the way for the internet giant to make digital copyright payments for online news content

January 21

Buttigieg aims for 'generational' change at Transportation

President Joe Biden’s nominee for secretary of transportation, Pete Buttigieg, is pledging to carry out the administration’s ambitious agenda to rebuild the nation’s infrastructure

January 21

FILE - In this Dec. 16, 2020, file photo President-elect Joe Biden's nominee for Transportation Secretary former South Bend, Ind. Mayor Pete Buttigieg, President-elect speaks during a news conference at The Queen theater in Wilmington, Del. (Kevin Lamarque/Pool via AP, File)

January 21

Restructuring Norwegian Air to get government support

Norway’s government will help ailing low-cost carrier Norwegian Air Shuttle as long as the company manages to raise at least 4.5 billion kroner ($529 million) in new capital

January 21

FILE - In this file photo dated Monday, June 12, 2017, showing a Boeing 787 airplane being built for Norwegian Air Shuttle is shown at Boeing Co.'s assembly facility, in Everett, Wash, USA. Low-cost carrier Norwegian Air Shuttle said Thursday Jan. 14, 2021, it will focus on European destinations and close its long-haul operations as it struggles with the fallout of the coronavirus pandemic and debt restructuring. (AP Photo/Ted S. Warren, FILE)

January 21

Mobile labs take vaccine studies to diverse neighborhoods

More potential COVID-19 vaccines to fight the pandemic still are being tested, and some researchers are driving mobile labs into neighborhoods to recruit diverse volunteers

January 21

January 20

The Latest: Sri Lanka reopens tourism after 10-month closing

Sri Lanka is welcoming tourists again after keeping the doors closed to visitors for nearly 10 months due to the coronavirus pandemic

January 20

People wearing face masks to protect against the spread of the coronavirus wait to cross an intersection in Beijing, Wednesday, Jan. 20, 2021. China is now dealing with coronavirus outbreaks across its frigid northeast, prompting additional lockdowns and travel bans. (AP Photo/Mark Schiefelbein)

January 20

Asian shares rise on optimism for more stimulus from Biden

Asian shares are rising on the optimism over the new leadership in Washington that has set off a rally on Wall Street

January 20

In this photo provided by the New York Stock Exchange, the presidential inaugural plays on a screen as trader Timothy Nick works in a booth on the trading floor, Wednesday, Jan. 20, 2021. U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy. (Colin Ziemer/New York Stock Exchange via AP)

January 20

Keystone XL pipeline halted as Biden revokes permit

Construction on the long disputed Keystone XL oil pipeline has been halted as U.S. President Joe Biden revoked its permit

January 20

Comfort TV viewing gives ratings boost to football, dramas

An unprecedented impeachment hearing failed to keep TV viewers from settling back into familiar habits last week

January 20

FILE - Tampa Bay Buccaneers inside linebacker Devin White (45) sacks Green Bay Packers quarterback Aaron Rodgers (12) during the second half of an NFL football game in Tampa, Fla., in this Sunday, Oct. 18, 2020, file photo. Rodgers had his worst game of the season in Green Bay’s 38-10 loss at Tampa Bay Back on Oct. 18, as he threw two game-changing interceptions and completed less than half his pass attempts. Rodgers gets a chance to make amends for that performance Sunday when the top-seeded Packers host the Bucs in the NFC championship game. (AP Photo/Jason Behnken, File)

January 20

Yellen taps Obama administration vets for key Treasury roles

The Treasury Department has announced that Didem Nisanci will serve as Janet Yellen’s chief of staff once Yellen is confirmed by the Senate

January 20

Treasury Secretary-nominee Janet Yellen sits in a chair before the 59th Presidential Inauguration at the U.S. Capitol in Washington, Wednesday, Jan. 20, 2021. (AP Photo/Carolyn Kaster)

January 20

United Airlines posts $1.9 billion loss in pandemic-laden 4Q

United Airlines lost $1.9 billion in the last three months of 2020, but the airline says it's laying the groundwork for a gradual recovery after the coronavirus outbreak is contained

January 20