Business News

Nations try to get back on their feet but job…

Bombardier Aviation is reducing its workforce by about 2,500 employees due to challenges caused by COVID-19

Wall Street's rally accelerates after stunning…

Stocks are rushing higher in early trading Friday after a stunningly good report on the U.S. job market gave Wall Street’s recent rally another shot of adrenaline

'Respect them': Even in wealthy areas, food bank…

Cars are lining up for hours to take home free food amid an economy weakened by the coronavirus, even in affluent areas

Malaysian ex-PM to hear verdict in 1st graft case…

Lawyers for Malaysian ex-Prime Minister Najib Razak say he was victimized by rogue bankers and should be acquitted of corruption linked to the massive looting of a state investment fund

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Despite global reopening push, some jobs are gone…

Factories and stores are reopening, economies are reawakening – but many jobs just aren’t coming back

Australia's national news agency to survive with new owners

Australia’s national news agency will continue with new owners, the board confirmed Friday, just weeks before it was due to be shut down

Unemployment rate falls to 13.3%, US adds 2.5…

The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy and depressed the job market in the wake of the viral pandemic

9 firefighters hospitalized in Florida after ship explosion

Authorities say nine firefighters responding to a fire aboard a ship in Florida have been hospitalized after the ship exploded

Federal court rejects EPA approval of widely used herbicide

A federal appeals court in San Francisco says the government must revoke its approval of a widely used weed killer that has damaged other crops and turned neighbor against neighbor in some farm communities

Japan’s pandemic deaths low, but future success uncertain

Japan has kept its deaths from the new coronavirus low despite a series of missteps that beg the question of whether it can prevent future waves of infections

JC Penney closing 154 stores in first…

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The Latest: Switzerland to lift travel limits on…

Switzerland says it plans to lift restrictions on travel from European Union countries and Britain on June 15

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Slack: Fiscal 1Q Earnings Snapshot

New Zealand military buys 5 Lockheed Hercules planes for $1B

New Zealand’s military says it's buying five Lockheed Martin Super Hercules transport planes for $1 billion

Google: State-backed hackers targeted Trump…

Google said state-backed hackers have targeted the campaigns of both President Donald Trump and former Vice President Joe Biden, although its saw no evidence that the phishing attempts were successful

PG&E critics urge judge to reject utility's…

Pacific Gas & Electric’s proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment is facing a final barrage of resistance from critics

New York Times says senator’s op-ed didn’t meet…

The New York Times says a controversial op-ed it published by Republican Sen. Tom Cotton that advocated the use of federal troops to quell demonstrations did not meet its standards

Airline stocks soar as American, United add back…

Airline stocks have soared on news that the carriers are bringing back more flight in July

How major US stock indexes fared Thursday

Wall Street paused on Thursday, and the S&P 500 fell 0.3% for its first loss in five days

Study on safety of malaria drugs for coronavirus…

Several authors of a large study that raised safety concerns about malaria drugs for coronavirus patients have retracted the report

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West Virginia sues Rite-Aid, Walgreens over pain pill flood

West Virginia's attorney general has filed a lawsuit accusing Rite-Aid and Walgreens of failing to monitor and report suspicious orders of prescription painkillers

Washington state gets back millions in stolen…

Washington officials say they believe they have recovered about half of the hundreds of millions in unemployment benefits paid to criminals who used stolen identities to file claims during the coronavirus pandemic

American Airlines, eBay rise; Smartsheet, Cloudera fall

Stocks that moved heavily or traded substantially on Thursday: American Airlines, eBay rise; Smartsheet, Cloudera fall