Business News

Some Auto Insurers Are Issuing Refunds Due To A…

Combined, Allstate and American Family Insurance say they're refunding customers roughly $800 million in monthly premiums.

Iran says US oil production must be known before…

Iran has demanded that U.S. oil production levels must be known before an upcoming OPEC meeting with Russia and others seeking to boost global energy prices

Boeing Extending Production Shutdown, Will Stop…

The company said in an email it would not reopen as planned Wednesday and instead shut down indefinitely.

Wall Street ticks up amid unsettled trading…

Stocks are up about 1% on Wall Street Wednesday as global markets remain unsettled

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More Than 5 Million Customers Affected In Latest…

The hotel chain says a system containing guests' names and personal information was accessed.

Japan's state of emergency is no lockdown. What's…

Japanese Prime Minister Shinzo Abe has declared a monthlong state of emergency in Tokyo and six other hard-hit prefectures to step up the fight against the coronavirus outbreak

Carnival Corp. Seeking Billions To Handle…

The coronavirus has forced many cruise lines, including ones owned by Carnival Corporation, to suspend operations.

Massive effort to get Los Angeles homeless into…

Los Angeles has embarked on an unprecedented effort to bring thousands of homeless people off the streets and into hotels to protect the most vulnerable as the coronavirus continues to spread

American Airlines Says It Will Seek $12B In…

Airline executives said the government assistance "will allow us to fly through even the worst of potential future scenarios."

Pandemic deals blow to plastic bag bans, plastic…

Just weeks ago, cities and even states across the U.S. were busy banning straws, limiting takeout containers and requiring shoppers to bring reusable bags or pay a small fee

CDC considers loosening guidelines for some…

The Centers for Disease Control and Prevention is considering changing its guidelines for self-isolation to make it easier for people who have been exposed to someone with the coronavirus to return to work if they are without symptoms. The public health agency and the White House are considering an announcement as soon as Wednesday

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'Hawaii Five-0, 'Good Doctor' benefit from stay-at-homes

“Hawaii Five-0” and “The Good Doctor,” two television shows that had farewells last week, may have gained more viewers as people stayed home because of the coronavirus outbreak

Judge refuses to approve fire victims letter…

A federal judge has refused to put his stamp of approval on a letter to Northern California wildfire victims from attorneys who allege that Pacific Gas & Electric may be breaking its promises as it tries to preserve a plan for getting out of bankruptcy in an unraveling economy

Computer issues at SBA said to hold up small…

Small business owners hoping for quick help from the government’s emergency $349 billion lending program were still waiting amid reports of computer problems at the Small Business Administration

Coronavirus pandemic breeds Washington lobbying…

Business is booming in the Washington lobbying world despite the coronavirus pandemic

Earl Graves Sr., founder of Black Enterprise…

Earl Graves Sr., who championed black businesses as the founder of the first African American-owned magazine focusing on black entrepreneurs, has died

ECB takes action to keep banks lending during…

The European Central Bank is swinging into action again to fight the economic downturn from the coronavirus

Trump removes watchdog tapped for $2T virus…

President Donald Trump has removed the inspector general who was to chair a special oversight board of the $2.2 trillion rescue package for businesses and individuals affected by the coronavirus

'Pharma Bro' wants out of prison to research…

Convicted former drug company CEO Martin Shkreli wants out of prison so he can help research a treatment for the coronavirus

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Lufthansa retires big jets, says rebound could…

German airline group Lufthansa is slashing capacity on a permanent basis, saying that air travel will take years to come back to where it was before the virus outbreak

Work starts in Montana on disputed Canada-US oil…

A Canadian company has started construction on the long-stalled Keystone XL oil sands pipeline despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic

Twitter's Dorsey sets up $1B fund; consumers get…

Twitter CEO Jack Dorsey is setting aside $1 billion in stock to establish a philanthropic venture focused initially on global relief efforts for the COVID-19 pandemic