Business News

Feds issue coverage plan for COVID-19 vaccine and…

Federal health officials are issuing insurance coverage rules designed to deliver on the promise that every American will have access to free COVID-19 vaccines when they are approved

Amazon launches Swedish site in 1st leg of Nordic…

Amazon has launched a website in Sweden as the first leg of a long-anticipated expansion into the tech-savvy Nordic region that is expected to have a major long-term impact on brick-and-mortar stores and e-commerce

Regulators suspend Missouri nursing home COVID-19 test lab

The federal government has closed a coronavirus testing lab in Missouri over concerns about test accuracy

Italian regulator investigates Google over…

Italian regulators opened an investigation Wednesday into Google over alleged abuse of its dominant role in the country’s online ad market, adding to the global scrutiny that the Silicon Valley company is facing

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How major US stock indexes fared Wednesday

The S&P 500 had its worst day since June and the Dow Jones Industrial Average sank more than 900 points Wednesday as surging coronavirus cases in the U.S. and Europe threatened more pain for the economy

General Electric's 3Q adjusted profit surprises…

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street

FanDuel to open sports book in Bally's Atlantic…

The online sports betting company FanDuel will open an in-person sports book at Bally’s casino in Atlantic City once the casino’s sale to a Rhode Island company is finalized

GSK says Q3 earnings fall 14.4% amid COVID-19 disruption

Drugmaker GlaxoSmithKline says third-quarter earnings fell 14.4% as disruptions caused by the COVID-19 pandemic reduced sales of vaccines, antibiotics and consumer healthcare products

France, Germany impose new lockdowns to curb…

France has announced a full nationwide lockdown for the second time this year and German officials imposed a partial four-week lockdown as governments across Europe sought to stop a fast-rising tide of coronavirus cases

Closing prices for crude oil, gold and other commodities

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

Deeper job cuts at Boeing as pandemic throttles…

Boeing will cut more jobs as it continues to lose money and revenue during a pandemic that has smothered demand for new airline planes

Blowout US economic growth in summer is already…

Americans may feel whiplashed by a report Thursday on the economy’s growth this summer, when an explosive rebound followed an epic collapse

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Fiat Chrysler posts record Q3 profit ahead of PSA…

A rebound in car production in Fiat Chrysler on Wednesday reported record third-quarter earnings as production returned to nearly pre-pandemic levels

Mississippi city may be left in dark over unpaid…

The lights may go out for all 1,800 residents in Itta Bena, Mississippi

Demand for delivery boosts UPS revenue, but costs…

UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, said profits and revenue surged in its most recent quarter

Ship captain arrested after collision with Greek warship

Greece’s coast guard says authorities have arrested the captain of a Portuguese-flagged cargo ship that collided with a Greek navy minehunter outside the country’s main port of Piraeus

Pompeo says AES of US, PetroVietnam to sign $2.8B…

U.S. Secretary of State Mike Pompeo says the U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project

Microsoft says Iranian hackers targeted…

Microsoft says Iranian hackers have posed as conference organizers in Germany and Saudi Arabia in an attempt to break into the email accounts of “high-profile” people with spoofed invitations

France imposes new national lockdown as virus…

French President Emmanuel Macron has ordered his country into a new month-long, nationwide lockdown aimed at stopping a fast-rising tide of virus patients filling French hospitals

VW recalls Jettas to fix fuel leaks that can…

Volkswagen is recalling more than 218,000 Jetta sedans in the U.S. to fix a fuel leak problem that can cause fires

Sony's profits rise as pandemic has people…

Profit at Japanese electronics and entertainment company Sony Corp. more than doubled in the last quarter on healthy gains in its video game sector, as people stayed home during the pandemic

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Norfolk Southern's 3Q profit down 13% as railroad hauls less

Norfolk Southern’s third-quarter profit fell more than 13% as the railroad delivered fewer shipments and the results were weighed down by a one-time charge

Heathrow loses claim to being Europe's biggest…

London’s Heathrow Airport says it has lost its place as Europe’s busiest air hub to Paris Charles de Gaulle after the COVID-19 pandemic grounded flights and Britain failed to approve passenger testing that could scale back quarantine requirements

Anthem tops 3Q forecasts as it absorbs big expense hit

Anthem delivered a better-than-expected third quarter even though a jump in benefit expenses and other costs contributed to an 81% drop in the health insurer’s net income