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FILE - In this Oct. 14, 2020, file photo, a man wearing a face mask to protect against the coronavirus walks past a billboard advertising Chinese technology firm Huawei at the PT Expo in Beijing. Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday, Oct. 23, 2020 its revenue rose 9.9% in the first nine months of this year, but growth slowed due to U.S. sanctions and the coronavirus pandemic. (AP Photo/Mark Schiefelbein, File)

Huawei sales up, but growth slows under virus, US pressure

Oct. 23, 2020 12:26 AM EDT

BEIJING (AP) — Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the face of U.S. sanctions and the coronavirus pandemic. Huawei Technologies Ltd., gave no sales...

FILE - In this March 2020 photo provided by Gilead Sciences, rubber stoppers are placed onto filled vials of the investigational drug remdesivir at a Gilead manufacturing site in the United States. On Thursday, Oct. 22, 2020, the U.S. Food and Drug Administration has approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given through an IV for patients needing hospitalization. The drug, which California-based Gilead Sciences Inc. is calling Veklury, cut the time to recovery by five days on average in a large study led by the U.S. National Institutes of Health. (Gilead Sciences via AP)

FDA approves first COVID-19 drug: antiviral remdesivir

Oct. 22, 2020 5:40 PM EDT

U.S. regulators on Thursday approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given to hospitalized patients through an IV. The drug, which California-based Gilead Sciences Inc. is calling Veklury, cut the time to recovery by five days — from 15 days to 10 on average — in...

FDA approves remdesivir, the first drug for treating COVID-19.

Oct. 22, 2020 4:42 PM EDT
WASHINGTON (AP) — FDA approves remdesivir, the first drug for treating COVID-19.
FILE - This file photo combo shows the AT&T logo on the side of a corporate office in Springfield, Ill., left, and a DirecTV satellite dish atop a home in Los Angeles. AT&T is launching a new internet-delivered TV service Monday as it struggles with a shrinking DirecTV satellite business. The new service, AT&T TV, will have the same channels offered on DirecTV, but it'll come over the internet rather than a satellite dish. AT&T has been testing the service in about a dozen markets and is now making it available to anyone.  (AP Photo/File)

Pandemic hurts AT&T in 3rd quarter; wireless unit stable

Oct. 22, 2020 11:38 AM EDT

NEW YORK (AP) — The pandemic continued to hit AT&T through the third quarter as closed theaters, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business. The Dallas company’s largest division, wireless, was stable. It added 131,000 prepaid phone customers and...

FILE- In this Aug. 8, 2018, file photo bottles of Coca-Cola sit on a shelf in a market in Pittsburgh.  The Coca-Cola Co. said on Thursday, Oct. 22, 2020, it saw gradual improvement in the third quarter, as it turned its focus to emerging leaner from the global pandemic. Atlanta-based Coke said its revenue fell 9% to $8.7 billion.  (AP Photo/Gene J. Puskar, File)

Coca-Cola recovery continues as it grows leaner in pandemic

Oct. 22, 2020 11:19 AM EDT

Coca-Cola measured gradual improvement in the third quarter as it focused on emerging leaner from the global pandemic. Revenue fell 9% to $8.7 billion, topping Wall Street expectations of $8.4 billion, according to analysts polled by FactSet. It was far better than the 28% drop in revenue in the second quarter....

The new Huawei Mate 40 Pro smartphone is held for a photo, in London, Wednesday Oct. 21, 2020. Huawei, has unveiled its Mate 40 line of phones, Thursday Oct. 22, 2020, a product release that comes at a crucial moment for the company. (AP Photo/James Brooks)

New Huawei phone comes at crucial time for Chinese company

Oct. 22, 2020 11:02 AM EDT

LONDON (AP) — Huawei’s new smartphone has an upgraded camera, its latest advanced chipset and a better battery. What it may not have outside the Chinese tech giant’s home market is very many buyers. Huawei, which recently became the world’s No. 1 smartphone maker, on Thursday unveiled...

China criticizes US media controls as 'political oppression'

Oct. 22, 2020 4:54 AM EDT

BEIJING (AP) — China’s government on Thursday demanded Washington stop “political oppression” of Chinese media after more were ordered to register as foreign missions but gave no indication how Beijing might retaliate. The order Wednesday, which requires Chinese media to register their...

Aramark to lay off 975 in Colorado, most at Coors Field

Oct. 21, 2020 3:51 PM EDT

DENVER (AP) — A large food service contractor has announced plans to lay off 975 workers in Colorado, most of whom work at Coors Field and are responsible for concession stands that were closed during the season. Aramark informed the Colorado Department of Labor and Employment on Tuesday that the company...

FILE - In this Sept. 10, 2019 file photo, Jack Ma, founder of the Alibaba Group, speaks at the company's 20th-anniversary celebration in Hangzhou in eastern China's Zhejiang province. A survey shows Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China's richest entrepreneur as the coronavirus shutdown propelled demand for online shopping and other services. (Chinatopix via AP, File)

Fortunes of China's internet tycoons soar amid pandemic

Oct. 21, 2020 1:22 AM EDT

BEIJING (AP) — Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday....

Military personnel enter the Sudima Hotel in Christchurch, New Zealand, Tuesday, Oct. 20, 2020. A number of fishing crew who flew into New Zealand on chartered planes have the coronavirus. The crew members have been in quarantine at the Christchurch hotel since they arrived, and tested positive during routine testing, officials said. The news could deal a blow to New Zealand’s efforts to restart its fishing industry, which has struggled to find local workers to crew fishing vessels.  (AP Photo/Mark Baker)

The Latest: Imported workers test positive in New Zealand

Oct. 20, 2020 10:27 PM EDT

WELLINGTON, New Zealand — Eighteen fishing crewmen who last week flew to New Zealand from Moscow have tested positive for the coronavirus, underscoring the difficulty New Zealand faces in trying to import needed workers while remaining virtually virus free. A total of 235 crew from Russia and Ukraine were...