Business News

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

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

US agency sets rules for cruise ships to start…

Federal health officials have new rules that will enable large cruise ships to start sailing again in U.S. waters

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

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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

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

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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

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

US wages and benefits grow at sluggish pace amid…

Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in the midst of the pandemic

Ohio utility at center of $60 million bribery…

An Ohio-based utility under investigation for its role in an alleged $60 million bribery scheme involving an Ohio political leader fired its chief executive following an internal review

US consumer spending rose a moderate 1.4% in…

U.S. consumers increased their spending by 1.4% in September, a slightly better gain than expected but still well below the big increases seen in May and June, adding to concerns that Americans remain cautious with the viral pandemic resurging across the country and impeding the economy

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2 more ex-eBay employees admit to roles in harassment scheme

Two more former eBay Inc. employees have admitted to their roles in a campaign to terrorize a Massachusetts couple with threatening social media messages and disturbing deliveries of things like live spiders sent to their home

Global travel and tourism projected to shed 174 million jobs

A leading industry group says the global travel and tourism industry is on course to lose 174 million jobs this year if restrictions to curb the coronavirus remain in place

Germany shuts down Telegram-based drugs marketplaces

German authorities said Friday that they have shut down online marketplaces for illegal drugs that used the encrypted messaging service Telegram