AstraZeneca manufacturing error clouds vaccine study results
LONDON (AP) — AstraZeneca and Oxford University on Wednesday acknowledged a manufacturing error that is raising questions about preliminary results of their experimental COVID-19 vaccine.
Stocks mostly fall, even as tech gains push Nasdaq to record
Stocks gave back some of their recent gains Wednesday as a batch of discouraging economic data prompted investors to take a pause a day after the market's record-setting climb.
Germany extends partial shutdown to curb virus spread
BERLIN (AP) — German Chancellor Angela Merkel and the country's 16 state governors on Wednesday agreed to extend a partial shutdown well into December in an effort to further reduce the rate of COVID-19 infections ahead of the Christmas period.
Hospitals can care for Medicare patients at home in pandemic
Hospitals will be allowed to care for Medicare patients in their own homes during the pandemic under a government program announced Wednesday to help hospitals deal with the latest surge.
Trump administration denies permit for divisive Alaska mine
ANCHORAGE, Alaka (AP) — The Trump administration on Wednesday effectively killed a contentious proposed mine in Alaska, a gold and copper prospect envisioned to be nearly as deep as the Grand Canyon and could fill an NFL stadium nearly 3,900 times with waste — all near the headwaters of the world’s largest sockeye salmon fishery.
As economy struggles, Fed weighs boosting bond purchases
WASHINGTON (AP) — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy.
Delta won't furlough pilots; job cuts possible at Southwest
DALLAS (AP) — Delta Air Lines on Wednesday dropped a threat to furlough more than 1,700 pilots after they ratified a cost-cutting agreement that the airline said was needed to help it cope with a downturn caused by the pandemic.
Penguin to buy Simon & Schuster, create publishing giant
BERLIN (AP) — German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the U.S.
Picture of US economy is worrisome as virus inflicts damage
WASHINGTON (AP) — Gripped by the accelerating viral outbreak, the U.S. economy is under pressure from persistent layoffs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic.
Lights, camera, sell: Retailers want you to watch and shop
NEW YORK (AP) — When Jenna Powell gets in front of a camera, she can sell $10,000 worth of sparkly dresses and tie-dye hoodies in 40 minutes.
Pandemic gave locals fleeting taste of a tourist-free Hawaii
HONOLULU (AP) — Line-Noue Memea Kruse lives on Oahu's famed North Shore, where marveling at sea turtles, epic waves and sunsets that paint the sky orange and purple are a must for many tourists in Hawaii.
Consumer spending up a slight 0.5% as virus maintains grip
WASHINGTON (AP) — U.S. consumers increased their spending by a sluggish 0.5% last month, the weakest rise since April, when the pandemic first erupted, and a sign that Americans remain wary with the virus resurging across the country and threatening the economy.
Unchanged from early estimate, US economy grew 33.1% in Q3
WASHINGTON (AP) — The second of three estimates on U.S. growth for the July-September quarter was unchanged at a record pace of 33.1%.
Slight gain of 1.3% in October for manufactured goods
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods showed a modest gain in October but much of the strength came from a big jump in orders for military equipment.
EU plans new rules giving Europeans more control of data
LONDON (AP) — The European Union is laying out new standards for data giving Europeans more control over their personal information as it seeks to counter the power of U.S.
Precautions help Aspen remain a destination during pandemic
ASPEN, Colo. (AP) — March is Aspen's moneymaking season as spring breakers and families head to the mountains to ski. When the coronavirus pandemic hit, all four Aspen/Snowmass ski mountains shut down, along with nearly everything else in the alpine town, which banks on tourism dollars.
Q&A: Will Twitter, Facebook crack down on Trump?
OAKLAND, Calif. (AP) — For the past four years, President Donald Trump has enjoyed the special status of a world leader on Twitter and Facebook, even as he used his perch atop the social media pyramid to peddle misinformation and hurl abuse at his critics.
EXPLAINER: Why the Dow topped 30,000 for the first time
NEW YORK (AP) — Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
Asian shares rise after Dow crests 30,000 on vaccine hopes
TOKYO (AP) — Asian shares rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood.
EXPLAINER: China's claims of coronavirus on frozen foods
BEIJING (AP) — China says it has detected the coronavirus on packages of imported frozen food, but how valid are its claims and how serious is the threat to public health? Frozen shrimp imported from an Ecuadorian company was banned for one week on Tuesday in a continuing series of such temporary bans.
Fox News, family of slain DNC staffer Seth Rich settle suit
NEW YORK (AP) — Fox News has reached a settlement with slain Democratic National Committee employee Seth Rich's parents, who alleged in a lawsuit that the cable news company exploited their son's death in stories and commentary.
Left for dead, twice, RadioShack gets another shot online
SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S.
As virus cases spike, financial outlook for airlines dims
With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse. Airlines will lose more than $157 billion over this year and next because of the pandemic, their main trade group said on Tuesday, The forecast from the International Air Transport Association was worse than the group's June estimate of $100 billion in losses for the two years.
EU, other donors step up with funds to help Afghanistan
GENEVA (AP) — The European Union, the United States and other donors on Tuesday pledged billions in new funds for Afghanistan, hoping to salvage years of work aimed to foster peace and stability in the country and coax along uncertain peace talks between the government and Taliban rebels — at a time when Islamic State extremists have increasingly caused havoc and bloodshed.
OxyContin maker Purdue Pharma pleads guilty in criminal case
Purdue Pharma pleaded guilty Tuesday to three criminal charges, formally taking responsibility for its part in an opioid epidemic that has contributed to hundreds of thousands of deaths but also angering critics who want to see individuals held accountable, in addition to the company.