Latest Business News
TVA rescinds decision to outsource technology jobs
NASHVILLE, Tenn. (AP) — Just days after President Donald Trump criticized the Tennessee Valley Authority for hiring foreign workers, the federally owned energy corporation announced Wednesday it was rescinding a decision to lay off its in-house technology workers. The authority had been planning on...
New York attorney general seeks to dissolve NRA
NEW YORK (AP) — New York’s attorney general sued the National Rifle Association on Thursday, seeking to put the powerful gun advocacy organization out of business over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for...
Trump targets Canada, re-imposing tariffs on aluminum
WASHINGTON (AP) — President Donald Trump said Thursday that the United States is reinstating a 10% import tax on Canadian aluminum, raising tensions with an American ally just weeks after his trade pact with Canada and Mexico took effect. Trump originally imposed the tariffs on aluminum imports in 2018. He...
4 poultry plant execs indicted after 2019 immigration raid
JACKSON, Miss. (AP) — Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade. U.S. Attorney Mike Hurst and the acting director of U.S. Immigration and Customs Enforcement,...
The Latest: South Africa nearing 10,000 coronavirus deaths
JOHANNESBURG — South Africa is reporting more than 8,300 new confirmed coronavirus cases as the country with the world’s fifth largest caseload is approaching 10,000 deaths. The new health ministry figures push the total cases on the African continent past the 1 million mark. South Africa has more...
Uber lost $1.8B in 2Q as riders stayed home and ordered in
NEW YORK (AP) — Uber lost $1.78 billion in the second quarter as the pandemic carved a gaping hole in its ride-hailing business, with millions of people staying home to reduce the spread of the coronavirus. Its food delivery business grew as more people ordered in, but that booming part of its business...
California, cities battle over marijuana home-delivery rule
FRESNO, Calif. (AP) — California faced off in court Thursday against some of its own cities that want to overturn a government rule allowing home marijuana deliveries statewide, even into communities that banned commercial pot sales. In a potential setback for at least some of the cities, the judge...
Fed's Main Street pandemic support program off to slow start
WASHINGTON (AP) — The Federal Reserve says that its Main Street Lending Program designed to help small and medium-sized companies get through the pandemic has managed to make just eight loans in its first month of operations. In its first report on the program, the Fed said Thursday it had provided $76.9...
4 Ohio operatives plead not guilty in $60M bribery probe
COLUMBUS, Ohio (AP) — Four Ohio lobbyists and political operatives pleaded not guilty Thursday to charges they conspired as part of what one defendant called an “unholy alliance” aimed at bailing out two aging Ohio nuclear power plants. Former Republican House Speaker Larry Householder and...
How major US stock indexes fared Thursday
Stocks closed higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. Technology and communication services stocks powered the rally, which extended the S&P 500's winning streak to a fifth day. The benchmark index is now...
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