Latest Business News
The Latest: Mexico estimates its caseload above 1 million
MEXICO CITY — Mexican health officials estimated Wednesday that the country has risen above 1 million coronavirus cases, though the figure includes both confirmed infections as well as suspected cases. Officials put the country’s apparent deaths from COVID-19 at 102,293, again including cases in...
US officials link Iran to emails meant to intimidate voters
WASHINGTON (AP) — Iran is responsible for emails sent to Democratic voters in multiple states aimed at intimidating the recipients into voting for President Donald Trump, U.S. officials said Wednesday night in calling out both Tehran and Russia for activities meant to interfere in the upcoming presidential...
German arrest order for Panama Papers lawyers faces hurdle
PANAMA CITY (AP) — A German arrest order for two Panamanian lawyers whose firm was at the center of an international tax evasion scandal faces a substantial obstacle: Panama’s constitution prohibits the extradition of its citizens. Juergen Mossack and Ramón Fonseca are sought by Cologne...
Fed survey finds tepid growth as US economy battles pandemic
WASHINGTON (AP) — A Federal Reserve survey of business conditions around the country found that the U.S. economy grew at a “slight to modest” pace in September and early October, but also documented many areas of economic activity hobbled by the coronavirus pandemic. The Fed report made...
Tesla posts net profit for fifth straight quarter
DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter. The electric car and solar panel maker said Wednesday that it made $331 million, or 27 cents per share, for its fifth-straight profitable quarter....
Ex-Blue Bell Creameries CEO charged in deadly listeria case
AUSTIN, Texas (AP) — The former president of Blue Bell Creameries has been charged with wire fraud for allegedly trying to cover up a 2015 listeria outbreak linked to the company's ice cream that killed three people in Kansas and sickened several others, federal prosecutors announced Wednesday. A federal...
California theme park closures hit jobs, shops, budget
California's amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus pandemic forced them to close their gates. Now that state health officials announced strict new rules for reopening the parks, attractions spanning from Disneyland...
CSX profit falls 14% but railroad announces $5B buyback
OMAHA, Neb. (AP) — CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the shutdowns earlier this year. The Jacksonville, Florida-based railroad said Wednesday that it earned $736 million, or 96 cents per share,...
Pandemic relief faces uncertainty in postelection session
WASHINGTON (AP) — Negotiations on a COVID-19 relief bill are inching forward, but it's clear the window for action before the Nov. 3 election is closing and the issue will be tossed to a postelection lame-duck session of Congress. The only thing that seems certain beyond that is uncertainty, with Capitol...
Short-video app Quibi shutting down just months after launch
Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. The company said Wednesday that it would wind down its operations and plans to sell its assets. “Quibi is not succeeding," its top executives bluntly declared in a letter...
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