Business News

Actors and Disney World reach deal after virus…

Walt Disney World and the union for its actors and singers have reached an agreement that will allow them to return to work

US budget deficit climbs to record $2.81 trillion

The Treasury Department says the U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year

REI to sell new headquarters, shift work to other sites

Outdoor retailer REI says it is walking away from its nearly completed corporate campus in suburban Seattle and will shift headquarters operations to sites across the Seattle area as the coronavirus pandemic affects how it does business

Stein Mart files for bankruptcy; to close nearly…

National discount department store chain Stein Mart is filing for bankruptcy and will close most, if not all, of its stores

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Chicago Police post looting videos to identify…

Chicago police are giving people another look at the looting that happened downtown and around the city this week in the hope that they will recognize suspects and provide their names and other information that will allow detectives to make arrests

New Mexico's largest newspapers combine printing…

The Albuquerque Journal and the Santa Fe New Mexican are partnering to print both publications at the The New Mexican's production facility in Santa Fe

Former test administrator to plead guilty in…

A former college entrance exam administrator has agreed to plead guilty in the college admissions bribery scheme that has ensnared wealthy parents across the U.S. Federal prosecutors said Wednesday that Niki Williams will plead guilty to accepting bribes to help rig students' test scores

Boston Fed chief: States' rush to reopen slowed…

A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S. Eric Rosengren, president of the Federal Reserve Bank of Boston, says that states in the South and West that allowed businesses to reopen after shutting down for a brief period did register an initial burst of economic activity

How major US stock indexes fared Wednesday

Stocks rebounded on Wall Street Wednesday, briefly inching the S&P 500 above its all-time closing high set before the coronavirus pandemic led to a historic market plunge

Microsoft back in the smartphone business with…

Microsoft is back to selling smartphones for the first time since it abandoned its mobile business more than four years ago

Tesla, Liberty Global rise; Red Robin, OneSpan fall

Stocks that moved heavily or traded substantially Wednesday: Tesla, Liberty Global rise; Red Robin, OneSpan fall

6 former EPA bosses call for agency reset after…

Six former leaders of the Environmental Protection Agency are calling for an agency reset after President Donald Trump’s regulation-chopping, industry-minded first term

Closing prices for crude oil, gold and other commodities

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

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US consumer prices rose 0.6% in July, matching…

U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise

Sumner Redstone, who built media empire including…

Sumner Redstone, who built a media empire from his family’s drive-in movie chain, has died

Milan fashion returning to runway in September…

Giorgio Armani, Fendi, Prada and Versace are all returning to the runway in September, according to the Milan Fashion Week calendar published on Wednesday

UK govt, Ben & Jerry's in spat over treatment of…

Relations between the British government and ice cream maker Ben & Jerry’s have chilled in a spat about the treatment of migrants

Simon, Authentic Brands buying Brooks Brothers for $325M

Brooks Brothers will be purchased for $325 million by a retail venture owned by licensing company Authentic Brands Group and mall owner Simon Property Group

Turkish ship starts energy search; Greece issues…

Turkey's energy minister says its seismic research vessel has begun surveying for energy resources in contested areas of the eastern Mediterranean

Hungary to buy air defense missiles from US for $1 billion

Hungary has signed a declaration of intent to purchase air defense missiles from the United States for around $1 billion

Shake Shack shrugs off trade war, opens outlet in…

Antagonisms between China and the United States didn’t stop Beijing’s burger lovers from standing in line for hours for a bite of Shake Shack's snacks

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'Kicked in the teeth': Devastation mounts from…

The impact of a powerful wind storm that tore through the Midwest on Monday is continuing to grow, as hundreds of thousands of people are experiencing power outages for a third straight day

UK records deepest recession among top economies

The British economy is on course to record the deepest coronavirus-related slump among the world’s seven leading industrial economies after official figures Wednesday showed it shrinking by a fifth in the second quarter alone

Ford recalls midsize SUVs to fix possible brake…

Ford is recalling more than 558,000 midsize SUVs in North America because the brakes may not work properly