Business News

Japan's new prime minister vows to host Olympics…

Japan’s new prime minister says he’s determined to host the Tokyo Olympic Games next summer as “proof that humanity has defeated the pandemic.”

Desk shortage forces people to get creative about…

First it was toilet paper

California expands financial protections after US…

California is creating what supporters call its own nation-leading, state-level version of the federal Consumer Financial Protection Bureau after critics said the Trump administration significantly weakened national protections

Hacked software provider acknowledges ransomware…

A major U.S. provider of software services to state and local governments has acknowledged it was hit by a ransomware attack

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How major US stock indexes fared Friday

Wall Street closed out another volatile week of trading Friday with solid gains, though the S&P 500 still posted its fourth-straight weekly loss

Company to pay $60M for deceptive marketing with pelvic mesh

A company that failed to adequately inform women of dangerous side effects related to permanent pelvic mesh devices will be required to pay $60 million

Novavax, Endo rise; Cavco, Occidental Petroleum fall

Stocks that moved heavily or traded substantially Friday: Novavax, Colony Capital rise; Occidental Petroleum, Cavco Industries fall

California braces for power shutoffs and warm…

Firefighters and officials at California’s largest utility company braced for hot, dry and windy weather in northern and central areas of the state this weekend that may fan the flames of several major wildfires or spark new ones

Closing prices for crude oil, gold and other commodities

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

Vatican cardinal pushes back after pope fires him…

The onetime papal contender who was fired by Pope Francis in an astonishing twist to the Vatican’s latest scandal is pushing back against allegations he embezzled Holy See money

Shell seeks Alaska lease extension, but no plans to return

A spokesperson for Shell says the oil company is seeking an extension of leases it holds in Alaska as a way to make the leases more attractive to a potential buyer and does not itself plan a return to operations in the state

EU leader Michel lashes out at Britain over…

European Union leader Charles Michel has used the virtual pulpit of the U.N. General Assembly to lash out at Britain for its threats to renege on parts of the withdrawal treaty it signed with the EU

Lawyer: Client in Giuliani case hasn't paid legal fees

A lawyer for a Florida man accused of conspiring with associates of Rudy Giuliani to make illegal campaign contributions says his client hasn't paid him

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Orders for big-ticket manufactured goods ticks up…

Orders to U.S. factories for big-ticket manufactured goods increased just 0.4% in August following a much larger gain in the previous month

AP and partners get grant to boost coverage of nonprofits

The Associated Press announced Thursday the start of a joint venture with The Chronicle of Philanthropy and The Conversation that will expand their coverage of philanthropies and charities and the impact these groups have on society

Drugmaker Novavax begins late-stage vaccine trial…

U.S.-based pharmaceutical company Novavax says it has begun a late stage trial of its potential COVID-19 vaccine in the United Kingdom because the high-level of the coronavirus circulating in the country is likely to produce quick results

US probes Mercedes vans for possible unwanted acceleration

U.S. auto safety regulators are investigating speed sensor problems with Mercedes-Benz Sprinter full-size vans that could cause unwanted acceleration

EU Commission appeals after losing Apple $15B tax…

The European Commission said Friday it’s appealing a court decision that had ruled Apple doesn’t have to repay $15 billion in back taxes to Ireland

TikTok says it didn't take part in Australia…

TikTok executives have told a Senate committee that they lobbied Australian lawmakers but did not engage with investigators before the government concluded that the video-sharing app did not pose a security threat

Justice Department seeks immediate ban on WeChat…

The Justice Department is seeking an immediate ban on downloads of WeChat in Apple and Google app stores, saying the Chinese-owned messaging service is a threat to the security of the United States

Virus surges in France, Marseille fights against…

Angry restaurant and bar owners have demonstrated in Marseille to challenge a French government order to close all public venues as of Saturday to battle resurgent virus infections

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China aims to make 1 billion COVID-19 vaccine…

A Chinese health official says the country’s annual production capacity for coronavirus vaccines will top 1 billion doses next year, following an aggressive government support program for construction of new factories

Stocks post solid gains as technology shares lead…

U.S. stocks closed with solid gains, the latest shift in a recent stretch of turbulence for the market

Queen Elizabeth II to trim costs as COVID-19 hits…

Britain’s Queen Elizabeth II and her family are facing a 35 million pound ($45 million) hit from the coronavirus pandemic, partly due to a shortage of tourists