Business News

Data: Congress created virus aid, then reaped the…

Newly released government data show at least a dozen lawmakers have ties to organizations that received federal coronavirus aid

Civil rights groups denounce Facebook over hate…

Facebook keeps telling critics that it is doing everything it can to rid its service of hate, abuse and misinformation

Asia Today: Australian PM defends Melbourne…

Australia’s prime minister says a shutdown of the nation’s second-largest city is necessary and promised continuing financial support for businesses that fear they won’t survive a second lockdown

Levi's to cut 700 office jobs due to…

Levi’s says it will cut 700 office jobs, or about 15% of its worldwide corporate workforce, as the jeans seller deals with a sharp drop in sales due to the coronavirus pandemic

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Would-be travelers in Taiwan live out dreams of…

International travel has been little more than a dream in the era of coronavirus

Malaysian palm oil giant hit with forced labor…

An anti-trafficking organization has filed a petition to ban importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on plantations that supply American food and cosmetics companies

Brazil corporations urge action on illegal logging in Amazon

Dozens of Brazilian corporations are calling for a crackdown on illegal logging in the Amazon rainforest, expressing their concerns in a letter to the vice president, who heads the government’s council on that region

Italy, Portugal say economic forecasts show need…

The leaders of Italy and Portugal say new forecasts predicting the European Union’s economy is headed for a steep decline underscore the need for quick approval of a proposed recovery fund to help its 27 member countries

How major US stock indexes fared Tuesday

Technology companies and banks helped drive stocks broadly lower on Wall Street Tuesday as the market gave back some of the big gains it made the past couple of weeks

Small business program scrutinized for loans to…

Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line

Opponents: Pipeline's defeat 'a testament to…

The news that energy giants Duke Energy and Dominion Energy were pulling the plug on the $8 billion Atlantic Coast Pipeline delighted environmental advocates and other opponents of the project who had spent six years fighting what they considered an uphill battle

McConnell eyes virus aid as evictions, benefits…

With Congress bracing for the next coronavirus aid package, Senate Majority Leader Mitch McConnell is outlining Republican priorities, including a five-year liability protection to shield doctors, schools, businesses and others from COVID-related lawsuits

Novavax, Sunrun rise; Shake Shack, United Airlines fall

Stocks that moved heavily or traded substantially on Tuesday: Novavax, Sunrun rise; Shake Shack, United Airlines fall

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Biden wants US to produce more of its own…

Joe Biden is promising to shift production of medical equipment and other key pandemic-fighting products “back to U.S. soil,” creating jobs and bolstering a domestic supply chain he says has been exposed as inadequate and vulnerable by the coronavirus outbreak

Closing prices for crude oil, gold and other commodities

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

Data-mining firm Palantir files for stealth…

The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber’s debut last year

Immigrant advocates say US policy change endangers workers

Immigrant advocates in New Orleans claim in a lawsuit that 2019 federal rule changes by the U.S. Department of Labor diminish protections for workers subjected to workplace abuses and human trafficking

Judge rejects Dakota Access request for emergency…

A federal judge rejected a request for an emergency order to delay the process of shutting down the Dakota Access pipeline while attorneys appeal a ruling to shutter the pipeline during the course of an environmental review

NY state penalizes Deutsche Bank $150M for…

New York state says Deutsche Bank has agreed to pay $150 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein

Hiring soared in May as mass layoffs eased

The job market took a big step toward healing in May, though plenty of damage remains, as a record level of hiring that month followed record layoffs in March and April

Review finds many who work during rehab aren't…

Across the country, drug and alcohol recovery programs claiming to help the poor and the desperate are instead conscripting them into forms of indentured servitude, requiring them to work without pay or for pennies on the dollar, in exchange for their stay

COVID-19 vaccine candidates secure funds; Lysol…

Novavax has received $1.6 billion from the federal government to complete late-stage clinical development; establish large-scale manufacturing; and deliver 100 million doses of its COVID-19 vaccine candidate, as early as late 2020

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Italy seeks to simplify notoriously knotted bureaucracy

A new Italian government decree is aimed at simplifying Italy’s slow and cumbersome bureaucracy with the aim of getting its coronavirus-battered economy working again

Protective gear for medical workers begins to run…

The personal protective gear that was in dangerously short supply during the early weeks of the coronavirus crisis in the U.S. is running low again

US probes fuel leaks in older Chevy Cobalt and…

The U.S. government’s road safety agency is investigating complaints of fuel leaks in older Chevrolet Cobalt small cars and HHR wagons