Latest Business News

The Latest: Washington gov sets plan for vaccination sites

Jan. 18, 2021 6:27 PM EST

PHOENIX (AP) — OLYMPIA, Wash. — Washington Gov. Jay Inslee has announced a plan to set up coronavirus vaccination sites statewide with help from the National Guard and others as part of an overall goal to vaccinate 45,000 people a day. Inslee said Monday that while the goal is currently higher than...

FILE - In this Aug. 14, 2019, file photo former Fed Chair Janet Yellen speaks with FOX Business Network guest anchor Jon Hilsenrath in the Fox Washington bureau in Washington. President-elect Joe Biden announced Yellen as his nominee for Treasury Secretary. (AP Photo/Andrew Harnik, File)

Yellen urges Congress to do more to fight pandemic recession

Jan. 18, 2021 6:26 PM EST

WASHINGTON (AP) — Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now. “Without further action, we risk a longer, more painful recession...

FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)

Biden picks Chopra, Gensler for financial oversight roles

Jan. 18, 2021 5:42 PM EST

WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch...

Canada urges Biden not to cancel oil pipeline on first day

Jan. 18, 2021 4:50 PM EST

TORONTO (AP) — Top officials in Canada want a chance to make the case for a long disputed oil pipeline to be built amid reports President-elect Joe Biden will cancel Keystone XL. Alberta Premier Jason Kenney said Monday he will seek legal damages if reports are true that Biden plans to scrap the pipeline...

Xi, Modi expected for 'virtual' Davos in era of pandemic

Jan. 18, 2021 3:52 PM EST

GENEVA (AP) — World Economic Forum organizers are expecting leaders including Chinese President Xi Jinping, Indian Prime Minister Narendra Modi, German Chancellor Angela Merkel and South African President Cyril Ramaphosa for a virtual gathering next week — after the COVID-19 pandemic doused plans...

Welcome bags and plexiglass dividers placed around their desks await lawmakers on the Alaska House floor in Juneau, Alaska, Monday, Jan. 18, 2021. The committee was among several that had scheduled meetings Monday, the last day before the new Legislature is set to convene on Tuesday, Jan. 19. (AP Photo/Becky Bohrer)

Alaska Legislature to convene amid budget, virus concerns

Jan. 18, 2021 3:41 PM EST

JUNEAU, Alaska (AP) — Alaska lawmakers convene Tuesday amid economic fallout from the coronavirus pandemic and a near decadelong run of budget deficits. Reserve money is depleted, and tough decisions are ahead on how to use the state's nest-egg oil-wealth fund. It's unclear who will lead those debates:...

Premier Giuseppe Conte delivers his speech at the lower chamber of Parliament, in Rome, Monday, Jan. 18, 2021. Conte fights for his political life with an address aimed at shoring up support for his government, which has come under fire from former Premier Matteo Renzi's tiny but key Italia Viva (Italy Alive) party over plans to relaunch the pandemic-ravaged economy. (AP Photo/Alessandra Tarantino, pool)

Italy: Conte clears hurdle to retain power, bigger one ahead

Jan. 18, 2021 3:31 PM EST

ROME (AP) — Italian Premier Giuseppe Conte won a crucial vote in Parliament's lower house Monday night after a coalition defector's lawmakers abstained in the balloting, but he must clear a much tougher hurdle less than 24 hours later in the Senate to hold on to power. Lawmakers in the Chamber of Deputies...

CVS Pharmacist Gerard Diebner prepares a shot of the COVID-19 vaccine for the nursing home residents at Harlem Center for Nursing and Rehabilitation, a nursing home facility, on Friday, Jan. 15, 2021 in Harlem neighborhood of New York. (AP Photo/Yuki Iwamura)

NY gov explores buying virus vaccine directly from maker

Jan. 18, 2021 3:29 PM EST

NEW YORK (AP) — Frustrated by the flow of coronavirus vaccine from the federal government, Gov. Andrew Cuomo on Monday floated the idea of buying shots for New Yorkers directly from one of the vaccine makers, Pfizer. The idea seemed far from a sure bet, with the pharmaceutical giant saying it would need...

This Sept. 10, 2014 photo shows a partially burned-out sign on the exterior of the Trump Plaza casino in Atlantic City, N.J. On Monday, Jan. 18, 2021, an auction house soliciting bids for the right to press the button to implode the shuttered casino stopped the effort after receiving a cease-and-desist letter from billionaire Carl Icahn, who owns the property. Icahn says the auction would have promoted something he considered to be a safety risk, and said he will replace the $175,000 that would have gone to the Boys Girls Club of Atlantic City. (AP Photo/Wayne Parry)

Carl Icahn nixes charity bid to blow up ex-Trump casino

Jan. 18, 2021 3:16 PM EST

ATLANTIC CITY, N.J. (AP) — An auction house trying to raise money for a youth charity by soliciting bids to blow up a former casino once owned by President Donald Trump called off the effort Monday after receiving a cease-and-desist letter from conservative billionaire Carl Icahn. Icahn told The Associated...

Caesars plans $47 million renovation of Reno's Silver Legacy

Jan. 18, 2021 2:39 PM EST

RENO, Nev. (AP) — Caesars Entertainment has announced plans for another round of remodeling at one of its downtown Reno properties, a $47 million renovation at the 25-year-old Silver Legacy Resort Casino, the Reno Gazette Journal reported. The renovation expected to be completed by June involves the...