Latest Government aid for industry News

Trump administration sued over Georgia health plan

Jan. 15, 2021 2:58 PM EST

ATLANTA (AP) — Georgia's plan to overhaul how state residents buy health insurance under the Affordable Care Act would “tear a hole” in the ACA, “eviscerating” its achievements, a federal lawsuit says. Under the plan, Georgia would be the first state to bypass the HealthCare.gov...

Oil giant Total withdraws from US energy lobbying group

Jan. 15, 2021 1:57 PM EST

PARIS (AP) — French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies. Total said in a statement Friday it would not renew its membership for 2021 following an analysis of API's position on climate...

FILE-In this Oct. 5, 2011 file photo, the cooling tower of the Davis-Besse Nuclear Power Station looms over an adjacent farm in Oak Harbor, Ohio. Across the nation, a handful of nuclear plants unable to compete with natural gas and renewable energy have shut down within the last two years, taking away steady and lucrative sources of tax money for schools, roads and libraries. The uncertainty surrounding the future of both Ohio plants, Davis-Besse near Toledo and Perry near Cleveland, has created plenty of nervousness in their hometowns that have found themselves caught in the middle of the scandal-tainted bailout. (AP Photo/Amy Sancetta, File)

2 nuke plants, 1 bribery scandal, no answers: Towns on edge

Jan. 15, 2021 9:25 AM EST

TOLEDO, Ohio (AP) — For much of the past four years, the residents of a pair of villages along Lake Erie have been on edge over the fate of their nuclear plants, which generate enough tax money to pay for nicer schools than their neighbors. Like many U.S. nuclear plants struggling to compete with with...

FILE - In this Dec. 11, 2020 file photo, a worker shows a wad of Cuban pesos in Havana, Cuba, Friday, Dec. 11, 2020. In 2021, the government is implementing a deep financial reform that reduces subsidies, eliminates a dual currency that was key to the old system, and raises salaries, in hopes of boosting productivity to help alleviate an economic crisis and reconfigure a socialist system that will still grant universal benefits such as free health care and education. (AP Photo/Ramon Espinosa, File)

Cuba tweaks socialist model to encourage work amid crisis

Jan. 14, 2021 3:26 PM EST

HAVANA (AP) — For more than 60 years, Cuba supplied at least some rice, milk, beans, sugar, chicken, electrical power and even cigarettes to its people nearly free of cost regardless of whether they worked, allowing many to survive without a job or depend solely on remittances. But this year, the...

Court tosses convictions of former Wilmington Trust execs

Jan. 12, 2021 5:46 PM EST

DOVER, Del. (AP) — A federal appeals court has overturned the convictions of four former executives for the only financial institution to be criminally charged in connection with the federal bank bailout program. A three-judge panel on Tuesday reversed the convictions of the former Wilmington Trust...

FILE - In this file photo released on April 7, 2019, by the Syrian official news agency SANA, shows vans queuing to fill their tanks with fuel, at a gas station in Daraa, south Syria.  On Sunday, Jan. 10, 2021, Syria’s petroleum ministry blamed U.S. sanctions for forcing it to cut by up to 24% its distribution of fuel and diesel because of delays in arrival of needed supplies. (SANA via AP, File)

Syria temporarily cuts supplies of fuel to meet shortages

Jan. 10, 2021 9:12 AM EST

DAMASCUS, Syria (AP) — Syria’s petroleum ministry on Sunday blamed U.S. sanctions for forcing it to cut by up to 24% its distribution of fuel and diesel because of delays in arrival of needed supplies. The war-ravaged nation already is facing a severe economic crisis that has caused major shortages...

Comedian Brad Pierce, right, looks over the notebook us uses to write jokes as he sits in the kitchen next to his wife, Carmen, and their nephew, Maddox, 1, in West Warwick, R.I., Friday, Jan. 8, 2021. Pierce was finally doing well with his comedy when the pandemic hit. Now he wonders if he can possibly build up his career again. He has a friend who drives for Amazon and fears having to get a job like that while talking about the good old days when he was an entertainer. (AP Photo/David Goldman)

Once again, job losses fall unequally across the US economy

Jan. 9, 2021 10:44 AM EST

WASHINGTON (AP) — Ten months into America’s viral outbreak, low-income workers are still bearing the brunt of job losses — an unusual and harsh feature of the pandemic recession that flattened the economy last spring. In December, the nation shed jobs for the first time since April. Once...

FILE - In this Dec. 14, 2020 file photo, Zeida Hernandez, of Tampa, Fla., left, makes Factory Throwout cigars using an antique hand-operated cigar machine at the J.C. Newman Cigar Co., Tampa's last cigar factory, in Fla. American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector. (Douglas R. Clifford/Tampa Bay Times via AP)

US unemployment claims slip to still-high 787,000

Jan. 7, 2021 10:16 AM EST

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell slightly last week to 787,000, a historically high number that points to a weak job market held back by the viral pandemic. Thursday's figure from the Labor Department, a slight decline from the previous week, shows that even with the...

People walk by an electronic stock board of a securities firm in Tokyo, Wednesday, Dec. 30, 2020. Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief package faded.(AP Photo/Koji Sasahara)

Asian shares mixed as boost from US stimulus package fades

Dec. 29, 2020 10:08 PM EST

Asian shares were mixed Wednesday after a lackluster day on Wall Street, as the boost from President Donald Trump’s signing of the coronavirus relief package faded. Benchmarks fell in Tokyo and Sydney but rose in Hong Kong, Seoul and Shanghai. The S&P 500 lost 0.2% on Tuesday, a day after major...

A currency trader walks by the screen showing the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, Dec. 29, 2020. Stocks rose Tuesday in Asia after closing at record highs on Wall Street.  Japan’s Nikkei 225 index breached a nearly 30-year high after President Donald Trump signed a $900 billion economic aid package on Monday, helping to staunch uncertainty as governments reimpose pandemic restrictions to fight rising coronavirus caseloads.  (AP Photo/Lee Jin-man)

Asian shares up, Nikkei tops 27,000 after Trump OKs stimulus

Dec. 28, 2020 10:42 PM EST

Stocks rose Tuesday in Asia after closing at record highs on Wall Street. Japan’s Nikkei 225 index breached a nearly 30-year high after President Donald Trump signed a $900 billion economic aid package on Monday, helping to staunch uncertainty as governments reimpose pandemic-fighting travel and business...