Business News

The Latest: New Mexico sees its most new cases in…

New Mexico health officials have confirmed an additional 659 COVID-19 infections, the highest daily case count in more than three weeks

EXPLAINER: Why rising rates are unsettling Wall…

Rising expectations for the economy and inflation have caused U.S. Treasury yields to spurt higher, with the jump unsettling stock markets

Highlights of the COVID-19 relief bill advancing…

The House passed a $1.9 trillion pandemic relief package early Saturday that includes $1,400 checks for most Americans and billions of dollars for schools, state and local governments and businesses

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2 men plead guilty in California charter school fraud case

An Australian man and his Southern California business partner who ran more than a network of online charter schools pleaded guilty Friday to felony charges tied to a massive fraud scheme that siphoned $50 million in education funds from the state to invest in start-up companies and real estate

United will pay $49 million to settle air mail…

United Airlines will pay more than $49 million to settle criminal and civil accusations of defrauding the post office in the handling of international mail

How major US stock indexes fared Friday

Stocks ended a bumpy day mostly lower on Wall Street

Virgin Galactic delays spaceflight test to May

Spaceflight company Virgin Galactic has postponed its next mission to space from New Mexico until at least May after a test flight from December was aborted due to computer malfunction

ADT, Carter's fall; AMC Networks, Etsy rise

Stocks that traded heavily or had substantial price changes Friday: ADT, Carter’s fall; AMC Networks, Etsy rise

Vaccine roll-out gaps a core concern for G-20…

The Italian government says that the uneven distribution of vaccines between developed and developing countries is a key concern of Group of 20 nations as leaders consider how to create an even recovery from the pandemic

Closing prices for crude oil, gold and other commodities

Closing prices for crude oil, gold and other commodities, and foreign exchange levels

AP names Anna Jo Bratton to post of US Enterprise…

The Associated Press has named Anna Jo Bratton as U.S. Enterprise Editor on the news cooperative’s Global Enterprise Team

Black News Channel reloads with talk focus…

The Black News Channel, nearly invisible upon its launch last year, is revamping to take on a new look starting Monday

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US advisers endorse single-shot COVID-19 vaccine…

U.S. health advisers have endorsed a one-dose COVID-19 vaccine from Johnson & Johnson that's expected to provide an easier-to-use option to fight the pandemic

NOT REAL NEWS: A look at what didn't happen this…

Social media users shared numerous false claims this week about President Joe Biden and his administration

Volkswagen weathers pandemic with $10.7 billion…

German automaker Volkswagen made 8.8 billion euros, or $10.7 billion, last year despite the pandemic

FAA seeks $27,500 from passenger it says hit air attendant

A passenger who allegedly hit a flight attendant after an argument over wearing a face mask could soon be $27,500 poorer

US consumers rebound to boost spending 2.4% as…

Bouncing back from months of retrenchment, America’s consumers stepped up their spending by a solid 2.4% in January, the sharpest increase in seven months and a sign that the economy may be poised to sustain a recovery from the pandemic recession

Ta-Nehisi Coates to write new 'Superman' film

Ta-Nehisi Coates, the acclaimed essayist and novelist who expanded the world of Wakanda in Marvel comics, will write the script for a new “Superman” film from Warner Bros

BA parent company books huge loss, pushes for…

The parent company of British Airways and Iberia says it lost 6.9 billion euros ($8.3 billion) last year as the pandemic caused a near-total collapse in international air traffic

NYT editor Bill Hamilton joining publisher…

The Washington editor for The New York Times is joining Celadon Books as executive editor

Explosion strikes Israeli-owned ship in Mideast amid tension

An explosion has struck an Israeli-owned cargo ship sailing out of the Middle East, an unexplained blast renewing concerns about ship security amid escalating tensions between the U.S. and Iran

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Canada Pension Plan CEO resigns after travelling for vaccine

The chief executive of the fund that manages Canada Pension Plan investments has resigned after it was revealed that he had traveled to the United Arab Emirates, where he was vaccinated against COVID-19

Germany's Birkenstock selling majority stake to investors

Germany’s Birkenstock, known for its upmarket sandals, says it is selling a majority stake to private equity firm L Catteron and affiliates including Financière Agache, the family investment company of French billionaire Bernard Arnault

India's economy expands 0.4% in Oct.-Dec., ending recession

India’s economy expanded by a weaker-than-expected 0.4% in the October-December quarter, which still allowed it to escape recession following large contractions in the two previous quarters during the pandemic