Latest Business News

Judge rejects lawsuit on early end to unemployment benefits

Sep. 27, 2021 16:27 PM EDT

CONCORD, N.H. (AP) — A judge on Monday dismissed a lawsuit challenging a decision by Republican Gov. Chris Sununu's administration to end unemployment benefits under the federal CARES Act early, saying the claims are based on flawed interpretations of state law. The...

Kraton, Hess rise; Apple, Moderna fall

Sep. 27, 2021 16:22 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Acceleron Pharma Inc., up $11.22 to $178.87. The biotechnology company is reportedly a buyout target. Carnival Corp., up 94 cents to $26.38. ...

Dallas Fed President Robert Kaplan to step down, second top official to resign in wake of questions about market trades

Sep. 27, 2021 16:19 PM EDT
WASHINGTON (AP) — Dallas Fed President Robert Kaplan to step down, second top official to resign in wake of questions about market trades.

How major US stock indexes fared Monday

Sep. 27, 2021 16:18 PM EDT

Stocks wound up a mixed bag on Wall Street Monday as losses for several Big Tech companies checked gains elsewhere in the market. The S&P 500 and the tech-heavy Nasdaq fell. The Dow Jones Industrial Average rose, as did a measure of small-company stocks. Treasury...

The Latest: North Carolina hospital fires unvaccinated staff

Sep. 27, 2021 16:13 PM EDT

WINSTON-SALEM, N.C. — A North Carolina-based hospital system announced Monday that more than 175 of its workers have been fired for failing to comply with its COVID-19 vaccination requirement. Last week, Novant Health announced 375 employees had been suspended and given...

Oklahoma-based Devon Energy agrees to $6.15M settlement

Sep. 27, 2021 16:12 PM EDT

OKLAHOMA CITY (AP) — Oklahoma City-based Devon Energy Corporation has agreed to a $6.15 million settlement agreement with the federal government over allegations it underpaid royalties on federal leases, the U.S. Department of Justice announced Monday. The settlement...

Novant Health fires more than 175 for not getting vaccinated

Sep. 27, 2021 16:11 PM EDT

CHARLOTTE, N.C. (AP) — A North Carolina-based hospital system announced Monday that more than 175 of its workers have been fired for failing to comply with its COVID-19 vaccination requirement. Last week, Novant Health announced 375 employees had been suspended and...

Blackstone selling Vegas hotel Cosmopolitan in $5.65B deal

Sep. 27, 2021 16:11 PM EDT

LAS VEGAS (AP) — The owner of the Cosmopolitan of Las Vegas, the New York private equity firm Blackstone, is selling the 3,000-room Las Vegas Strip hotel in a $5.65 billion deal with a partnership that plans to contract with casino giant MGM Resorts International to operate the property. ...

Stocks end mixed as losses for Big Tech weigh on market

Sep. 27, 2021 16:08 PM EDT

Stocks wound up a mixed bag on Wall Street Monday as losses for several Big Tech companies checked gains elsewhere in the market. The S&P 500 fell 0.3%, while the tech-heavy Nasdaq lost 0.5%. Microsoft fell 1.7% and Apple gave back 1.1%. The Dow Jones Industrial Average edged up 0.2% and...

Greece, France, expected to announce major warship deal

Sep. 27, 2021 16:07 PM EDT

ATHENS, Greece (AP) — The leaders of Greece and France are expected to announce a major, multibillion-euro deal in Paris on Tuesday involving the acquisition by Greece of at least six French-built warships, Greek state ERT TV reported. ERT said Monday that Greece was...