Latest Business News

Families walk along Mexico City's Reforma Avenue during Day of the Dead celebrations, Sunday, Oct. 18, 2020. (AP Photo/Eduardo Verdugo)

The Latest: Mexico estimates its caseload above 1 million

Oct. 21, 2020 9:29 PM EDT

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...

FILE - In this May 5, 2020, file photo, then-Rep. John Ratcliffe, R-Texas, and now Director of National Intelligence testifies before the Senate Intelligence Committee on Capitol Hill in Washington. Officials say Russia and Iran have obtained some voter registration data, aiming to interfere in the November election. (AP Photo/Andrew Harnik, Pool, File)

US officials link Iran to emails meant to intimidate voters

Oct. 21, 2020 9:17 PM EDT

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

Oct. 21, 2020 6:59 PM EDT

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...

FILE - This May 22, 2020, file photo shows the Federal Reserve building in Washington. A Federal Reserve survey of business conditions around the country has found that the U.S. economy grew at a “slight to modest” pace in September 2020 and early October. (AP Photo/Patrick Semansky, File)

Fed survey finds tepid growth as US economy battles pandemic

Oct. 21, 2020 6:53 PM EDT

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...

FILE - This March 18, 2020 photo shows a Tesla charging station for automobiles in Port Huron, Mich.  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 says Wednesday, Oct. 21,  that it made $874 million, or 27 cents per share, for its fifth-straight profitable quarter.(AP Photo/Paul Sancya, File)

Tesla posts net profit for fifth straight quarter

Oct. 21, 2020 6:52 PM EDT

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

Oct. 21, 2020 6:52 PM EDT

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...

FILE - In this file March 18, 2020, file phootom one of the normally bustling entrances to the Disneyland resort is vacant due to the coronavirus closure in Anaheim, Calif. State health officials announced strict new rules for reopening theme parks on Wednesday, Oct. 21, 2020, attractions spanning from Disneyland to Universal Studios are now bracing for an even longer shutdown, and so are the surrounding communities lined with hotels, restaurants and shops devoted to visitors who no longer walk their streets. (AP Photo/Chris Carlson, File)

California theme park closures hit jobs, shops, budget

Oct. 21, 2020 6:38 PM EDT

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...

FILE - In this March 21, 2014, file photo, CSX hopper cars sit in a yard in Baltimore. CSX Corp. (CSX) on Wednesday, Oct. 21, 2020 reported third-quarter net income of $736 million. (AP Photo/Patrick Semansky, File)

CSX profit falls 14% but railroad announces $5B buyback

Oct. 21, 2020 6:37 PM EDT

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,...

White House chief of staff Mark Meadows speaks with reporters at the White House, Wednesday, Oct. 21, 2020, in Washington. (AP Photo/Alex Brandon)

Pandemic relief faces uncertainty in postelection session

Oct. 21, 2020 6:37 PM EDT

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...

This combination photo shows Meg Whitman at The Hollywood Reporter's Women in Entertainment Breakfast Gala in Los Angeles on Dec. 11, 2019, left, and Jeffrey Katzenberg at the 26th annual Screen Actors Guild Awards in Los Angeles on Jan. 19, 2020. Katzenberg and Whitman are bringing Quibi to a phone near you with movies, shows and news served in quick bites. (AP Photo)

Short-video app Quibi shutting down just months after launch

Oct. 21, 2020 6:23 PM EDT

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...