Latest Business News

US stock indexes are mixed a day after worst loss in weeks

Oct. 27, 2020 2:16 PM EDT

U.S. stock indexes are mixed Tuesday, as momentum slows following Wall Street's worst day in a month on worries about rising virus counts and Washington's inability to deliver more aid to the economy. The S&P 500 was up 0.1% in afternoon trading after earlier swinging between small gains and losses. Most of...

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 2:15 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,...

Video app TikTok leans into e-commerce with Shopify deal

Oct. 27, 2020 2:07 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...

Report: Dough company didn't report tampering with screws

Oct. 27, 2020 2:06 PM EDT

PORTLAND, Maine (AP) — A Maine company that produces pizza dough and is the focus of a tampering investigation received three complaints about screws in the dough that were never reported to the Food and Drug Administration, a newspaper reported Tuesday. Scarborough-based It’ll Be Pizza produced the...

Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn.  Pfizer on Tuesday, July 28,  reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)

Pfizer tops 3Q earnings views, makes progress on COVID shot

Oct. 27, 2020 1:58 PM EDT

Drugmaker Pfizer, one of the leaders in the race to develop a COVID-19 vaccine, is tweaking its timeline for when it will know if its experimental two-dose vaccine works. Pfizer executives had expected data from their 44,000-person international study would show by Oct. 31 how well it prevents coronavirus...

University of New Mexico regents choose new school seal

Oct. 27, 2020 1:32 PM EDT

ALBUQUERQUE, N.M. (AP) — Regents at New Mexico’s largest university have decided on a new design for the school's official seal to replace one that had sparked protests. University of New Mexico officials confirmed Monday that the decision was made during a recent meeting, but it will likely take...

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 1:26 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...

Greece's Prime Minister Kyriakos, left, welcomes Russian Foreign Minister Sergei Lavrov during their meeting in Athens, Monday, Oct. 26, 2020. Tension with Turkey was one of the main topics of discussion between the Greek and Russian foreign ministers who met in Athens. Neighbours and NATO allies Greece and Turkey have been locked in a bitter dispute in over maritime boundaries and energy exploration rights in the eastern Mediterranean. (AP Photo/Petros Giannakouris)

The Latest: Russian foreign minister Lavrov in quarantine

Oct. 27, 2020 1:01 PM EDT

MOSCOW -- Russia’s foreign minister has self-isolated after contact with a person who has tested positive for coronavirus. The Foreign Ministry says Sergey Lavrov was feeling well but will postpone his official trips and meetings. It didn’t identify the infected person. The announcement follows...

FILE - In this Jan. 20, 2011, file photo, AMD chips are displayed at the Micro Center computer store in Santa Clara, Calif. AMD is buying processing platform developer Xilinx in an all-stock deal valued at $35 billion. (AP Photo/Paul Sakuma, File)

As world goes online in pandemic, another mammoth chip deal

Oct. 27, 2020 12:01 PM EDT

SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry. The deal announced Tuesday puts AMD in a place it wants to be;...

See-through barriers separate gamblers and a dealer at a card table at the Hard Rock casino in Atlantic City, N.J., on July 2, 2020, the first day it reopened after being closed for four months due to the coronavirus outbreak. American Gaming Association President Bill Miller said Tuesday, Oct. 27, 2020, the industry is adapting to the pandemic but needs assistance from the government for its casinos and workers. (AP Photo/Wayne Parry)

Still hampered by virus, US casinos want aid in recovering

Oct. 27, 2020 11:58 AM EDT

ATLANTIC CITY, N.J. (AP) — The U.S. casino industry is seeking tax and regulatory relief from the government as it tries to recover from the coronavirus outbreak, which cost states more than $2 billion in lost tax revenue while casinos were shut down for four months this year. While 90% of casinos have...