Latest Business News

Closing prices for crude oil, gold and other commodities

Oct. 27, 2020 3:58 PM EDT

Benchmark U.S. crude oil for December delivery rose $1.01 to $39.57 a barrel Tuesday. Brent crude oil for December delivery rose 74 cents to $41.20 a barrel. Wholesale gasoline for November delivery rose 3 cents to $1.14 a gallon. November heating oil rose 4 cents to $1.16 a gallon. November natural gas was...

US land agency sued over plans for southwest Colorado

Oct. 27, 2020 3:58 PM EDT

DENVER (AP) — Environmental groups on Tuesday asked a judge to overturn a land use plan for southwestern Colorado approved under the tenure of a Trump administration official who was later removed from a leadership post by court order. Representatives of the Sierra Club and other groups said in a lawsuit...

This combination of 2018-2020 photos shows, from left, Twitter CEO Jack Dorsey, Google CEO Sundar Pichai, and Facebook CEO Mark Zuckerberg. Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to face a grilling by Republican senators who accuse the tech giants of anti-conservative bias. Democrats are trying to expand the discussion to include other issues such as the companies' heavy impact on local news.  The Senate Commerce Committee has summoned Twitter CEO Jack Dorsey, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai to testify for a hearing Wednesday. The executives have agreed to appear remotely after being threatened with subpoenas. (AP Photo/Jose Luis Magana, LM Otero, Jens Meyer)

Social media CEOs to face grilling from Republican senators

Oct. 27, 2020 3:50 PM EDT

WASHINGTON (AP) — Less than a week before Election Day, the CEOs of Twitter, Facebook and Google are set to face a grilling by Republican senators who accuse the tech giants of anti-conservative bias. Democrats are trying to expand the discussion to include other issues such as the companies' heavy impact...

In this frame grab made from UNTV, U.N. General Assembly President Volkan Bozkir closes the High-Level Meeting on the 25th Anniversary of the Fourth World Conference on Women, Thursday, Oct. 1, 2020, at UN headquarters. (UNTV Via AP )

The Latest: U.N. cancels meetings after reported virus cases

Oct. 27, 2020 3:43 PM EDT

UNITED NATIONS — The United Nations canceled all in-person meetings after a U.N. member nation reported five coronavirus cases among its staff. General Assembly President Volkan Bozkir sent a letter to the 193 U.N. member nations announcing Tuesday’s cancellation on the advice of the U.N. Medical...

A woman with an umbrella passes the New York Stock Exchange, Monday, Oct. 26, 2020. U.S. stocks are drifting Tuesday, Oct. 27, 2020, as momentum slows a day after Wall Street slumped to its worst loss in a month on worries about rising virus counts and Washington’s inability to deliver more aid to the economy.  The (AP Photo/Mark Lennihan)

Stock indexes mostly lower a day after worst loss in weeks

Oct. 27, 2020 3:34 PM EDT

U.S. stock indexes are mostly lower Tuesday, as momentum slows on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The S&P 500 was down 0.3% in afternoon trading after earlier swinging between small gains and losses. Most of the stocks in the index were lower,...

This photo provided by Mercury Public Affairs shows Annie Jean-Baptist.  (Mercury Public Affairs via AP)

Insider Q&A: Google's Annie Jean-Baptiste on inclusion

Oct. 27, 2020 3:31 PM EDT

OAKLAND, Calif. (AP) — As the head of product inclusion at Google, Annie Jean-Baptiste works to help ensure that the company’s products -- from photos to search to everything else -- are built with everyone in mind, including women, underrepresented minorities, and people of different ages,...

FILE - In this Sept. 9, 2019, file photo, a Moran tugboat nears the stern of the capsizing vessel Golden Ray near St. Simons Sound off the coast of Georgia. The salvage team is seeking a federal permit to surround the shipwreck with a giant mesh barrier to contain any debris when they cut the ship apart. Salvage workers coming to the Georgia coast to cut apart and remove the cargo ship that overturned will be isolated at a nearby resort to protect them from the coronavirus, officials said Tuesday, Sept. 8, 2020. (AP Photo/Stephen B. Morton, File)

Giant crane arrives at Georgia shipwreck awaiting removal

Oct. 27, 2020 3:30 PM EDT

BRUNSWICK, Ga. (AP) — A towering, floating crane tasked with removing an overturned cargo ship on the Georgia coast arrived Tuesday and could begin cutting the wrecked vessel into giant chunks within a few days. The crane, called the VB 10,000, was in place straddling the partially submerged shipwreck...

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J.  Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The  drugmaker on Friday, July 31, 2020,  increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19.  (AP Photo/Seth Wenig, File)

Strong sales of drugs, vaccines, propel Merck in 3Q

Oct. 27, 2020 3:09 PM EDT

Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations. The strong result was due to sales slightly higher than a year ago, plus restrained spending. The Kenilworth, New Jersey,...

FILE - In this Feb. 14, 2018, file photo, the T-Mobile logo ppears on a screen at the Nasdaq MarketSite in New York. Yet another service provider is jumping into the TV streaming wars. This time it is T-Mobile, with its TVision service offering live news, entertainment and sports channels and starting at $10 a month.(AP Photo/Richard Drew, File)

T-Mobile offers up yet another TV streaming service

Oct. 27, 2020 3:06 PM EDT

Yet another service provider is jumping into the TV streaming wars. This time it's T-Mobile and its TVision service with live news, entertainment and sports channels, starting at $10 a month. T-Mobile says it's aiming to offer a simpler and and cheaper service for people dissatisfied with cable. But it's entering...

FILE - This Monday, Sept. 28, 2020, file photo, shows as  logo of a smartphone app TikTok on a user post on a smartphone screen in Tokyo. Canadian e-commerce platform Shopify said Tuesday, Oct. 27, 2020, it’s made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. (AP Photo/Kiichiro Sato, File)

Video app TikTok leans into e-commerce with Shopify deal

Oct. 27, 2020 2:17 PM EDT

The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads that...