Business News

Southern Mexico state bans junk food sales to children

The legislature of Mexico's southern state of Oaxaca has approved a ban on selling high-calorie snack food to children, in a bid to combat one of the world's highest rates of childhood obesity

Congress urges Postal Service to undo changes…

Lawmakers from both parties are calling on the U.S. Postal Service to immediately reverse operational changes that are causing delays in deliveries across the country just as big volume increases are expected for mail-in election voting

How major US stock indexes fared Thursday

Stocks closed higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high

4 poultry plant execs indicted after 2019…

Four executives from two Mississippi poultry processing plants have been indicted on federal charges tied to one of the largest workplace immigration raids in the U.S. in the past decade

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TVA rescinds decision to outsource technology jobs

The Tennessee Valley Authority says it will rescind a decision to lay off its in-house technology workers

Apple shines in pandemic with $2 trillion value…

Early in 2020, Apple appeared to be caught in a horrible bind

OraSure, Becton, Dickinson fall; Bausch, Vista Outdoor rise

Stocks that moved heavily or traded substantially on Thursday: OraSure, Becton, Dickinson fall; Bausch, Vista Outdoor rise

US rescinds global 'do not travel' coronavirus…

The Trump administration has rescinded its warning to Americans against all international travel because of the coronavirus pandemic

Closing prices for crude oil, gold and other commodities

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

US senators take aim at German port over Russia…

Three Republican senators have warned operators of a small German port that they face “crushing” sanctions for allegedly providing supplies to vessels involved in a Russian pipeline project

Workers want mandated temp checks for casino…

Atlantic City casino workers say five casinos are not physically checking the temperatures of guests entering the properties, and want New Jersey’s governor to require the casinos to do so to help prevent the spread of the coronavirus

US average mortgage rates fall; 30-year loan at 2…

U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year

'Worst nightmare': Laid-off workers endure loss…

Around the country, across industries and occupations, millions of jobless Americans are straining to afford the basics now that an extra $600 a week in federal unemployment benefits has expired

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2 Keystone XL pipeline workers get virus, but work continues

A Canadian company says two people working on the Keystone XL oil pipeline have tested positive for the coronavirus in northern Montana, but work on the project will continue

New York attorney general seeks to dissolve NRA

New York’s attorney general is suing the National Rifle Association, seeking to put the powerful gun advocacy organization out of business with claims that top executives diverted millions of dollars to themselves and their friends

Turkish currency hits all-time low amid market…

Turkey’s currency dropped to an all-time low against the dollar on Thursday

Joe Biden launches new national ad aimed at Black…

Joe Biden’s Democratic presidential campaign has launched a new national ad focused on Black Americans, urging them to stand up to President Donald Trump the way their ancestors stood up to “violent racists of a generation ago.”

1.2 million seek jobless aid after $600 federal…

Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical $600 weekly federal jobless payment has expired

Abu Dhabi's Etihad Airways posts $758M in half-year losses

Abu Dhabi’s Etihad Airways says core operating losses amounted to $758 million for the first half of the year, driven by a nearly 40% drop in revenue due in part to the impact of the coronavirus pandemic

Nintendo profit zooms as virus has homebodies…

Nintendo Co. saw its April-June profit multiply more than sixfold as people stuck at home over the pandemic turned to playing video games

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4 Ohio operatives plead not guilty in $60M…

Four Ohio lobbyists and political operatives have pleaded not guilty to charges they conspired as part of what one defendant called an “unholy alliance” aimed at bailing out two aging Ohio nuclear power plants

Lufhansa see revenues drop 80%, no full recovery…

Lufthansa says flying won't come back to pre-virus levels until at least 2024

Cabinet reshuffle in Thailand installs new economic team

Thai Prime Minister Prayuth Chan-ocha has reshuffled his Cabinet, with an experienced banker taking over the post of finance minister