Tag Archives: business-abcnews

US stocks open higher, pushing S&P 500 near all-time record 

Stocks are opening higher on Wall Street, pushing the S&P 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy

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Mauritius scrambles to counter oil spill from grounded ship 

Anxious residents of the Indian Ocean island nation of Mauritius are stuffing fabric sacks with sugar cane leaves to create makeshift oil spill barriers as tons of fuel leak from a grounded ship

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AP FACT CHECK: Trump’s false push on preexisting conditions 

President Donald Trump is teasing the possibility of executive action to require health insurance companies to cover preexisting conditions

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Trump order allows some unemployment pay, defers payroll tax 

President Donald Trump has bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment benefit with a lower amount after negotiations with Congress on a new coronavirus rescue package collapsed

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Ex-Google exec sent to prison for stealing robocar secrets 

A former Google engineer who helped steer the company’s self-driving car project has been sentenced to 18 months in prison

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Global shares mixed amid coronavirus waves, recovery hopes 

Shares have risen across Asia after Wall Street closed broadly higher on encouraging economic reports

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Outbreak hits Norway cruise ship, could spread along coast 

A Norwegian cruise ship line has halted all trips and apologized Monday for procedural errors after an outbreak of coronavirus on one ship infected at least 5 passengers and 36 crew members

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Microsoft in advanced talks to buy TikTok’s US business 

Microsoft is in advanced talks to buy the US operations of TikTok, the popular Chinese owned video app that has been a source of national security and censorship concerns

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Airlines, unions pin hopes for more payroll cash on politics 

Unions are gaining support in Congress for another $32 billion in federal aid to protect airline workers from layoffs for another six months

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Holocaust survivors urge Facebook to remove denial posts 

Holocaust survivors are lending their voices to a campaign targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide from the social media site

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Deutsche Bank reports 2nd-quarter profit despite loan losses 

Deutsche Bank made a net profit in the second quarter despite losing more money on loans that aren’t being repaid by businesses hit by the shutdowns and restrictions that came with the virus outbreak

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Altria expands sales of heated-cigarette as revenue slides 

Marlboro-maker Altria said Tuesday that cigarette sales continue to decline as it pushes to expand sales of an alternative heated-tobacco product

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Wall Street retreats with global markets as rally fades 

Wall Street is retreating in early trading Thursday following a mixed set of reports on the economy, including one showing that layoffs continue across the country at a stubbornly steady pace

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Small businesses worldwide fight for survival amid pandemic 

As economies around the world reopen, legions of small businesses that help to define and sustain neighborhoods are struggling

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AP FACT CHECK: If he’s said it once, he’s said it 100 times 

President Donald Trump is holding firm on his insistence that coronavirus cases are rising in the U.S. purely because more people are being tested

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