Business News

Dutch government halts KLM bailout amid standoff over terms

The finance minister of the Netherlands says the government will halt its multibillion euro coronavirus bailout to national carrier KLM amid a standoff with a pilot’s union about terms of the rescue package

AP FACT CHECK: Trump baselessly cites fraud in…

President Donald Trump is alleging fraud not only in the election, but in the pandemic

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New Berlin airport opens 9 years late with little…

Nine years late and far above its original budget, Berlin’s new airport has finally opened with little fanfare as the aviation industry struggles with the impact of the coronavirus pandemic

The Latest: Coronavirus leaves its mark on…

Halloween parades, parties and haunted houses were canceled as the coronavirus pandemic left its mark on the holiday and its traditions this year

Judge postpones Trump's TikTok ban in suit…

A federal judge has postponed President Donald Trump’s threatened shutdown of the popular short-form video app TikTok, siding with a Pennsylvania comedian and two other TikTok creators who say Trump’s order hampers their free speech

Asia Today: Australia to spend on vaccines for…

Australia has announced it will spend $351 million to secure COVID-19 vaccines for the Pacific and Southeast Asia as part of a shared recovery for the region

Walmart returns guns and ammunition to US store…

Walmart has reversed course, announcing it is returning ammunition and firearms to their displays in its U.S. stores

How major US stock indexes fared Friday

Losses in big technology companies drove more losses on Wall Street Friday, as the S&P 500 closed out October with its first back-to-back monthly decline since March

Puerto Rico debt restructuring hits snag in public clash

A plan to pull Puerto Rico out of a type of bankruptcy by 2021 has hit a major obstacle after a new member that U.S. President Donald Trump appointed to a federal control board overseeing the island’s finances rejected the immediate filing of a debt restructuring proposal

Apple, Twitter fall; Alphabet, Colgate-Palmolive rise

Stocks that moved heavily or traded substantially Friday: Apple, Twitter fall; Alphabet, Colgate-Palmolive rise

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Sale of Mets to Steve Cohen approved; Wilpon era…

The Wilpon family’s control of the New York Mets neared its end after 34 years when Major League Baseball owners voted Friday to approve the sale of the team to billionaire hedge fund manager Steve Cohen

GM hires new chief financial officer from Delta Airlines

General Motors has hired away Delta Airlines’ CFO to fill the automaker’s top financial job

Mississippi city won't lose lights after threat…

An entire city in Mississippi that was under threat of losing electricity before the end of the year because of unpaid bills will have more time to find a new power provider

Closing prices for crude oil, gold and other commodities

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

Netflix raising US streaming prices amid booming…

Netflix is raising most of its U.S. prices by 8% to 13% as its video streaming service rides a wave of rising popularity spurred by government-imposed lockdowns that corralled people at home during the fight against the pandemic

McDonald's cult classic, the McRib, is coming back

McRib, the fast food sandwich that went viral before viral was a thing, is back

Russian election threat potent, but interference…

Russian state interference has been minimal so far in the most tempestuous U.S. presidential election in decades

Foxconn objects to Wisconsin's denial of tax credits

Foxconn Technology Group has notified the state of Wisconsin that it objects to the state’s denial of job-creation tax credits

2nd study testing a COVID-19 antibody drug has a…

For the second time, a study testing an experimental antibody drug for COVID-19 has been paused to investigate a possible safety issue

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Federal Reserve expands Main Street program to…

The Federal Reserve said Friday that it will reduce the minimum loan level in its small business lending program and waive some fees in an effort to boost participation in a program that has so far provided little assistance to struggling firms

Mexico's economy grows in 3Q, but still well…

Mexico’s estimated gross domestic product in the third quarter of the year was 8.6% below that for the same July to September period the previous year

Airbnb sets up endowment, council for hosts ahead of IPO

Airbnb is setting up an endowment fund to support its hosts as part of its upcoming public stock offering