ABC News: Business |
- GOP offers $928B on infrastructure, funded with COVID aid
- Germany, Norway flip switch on $2.4B undersea energy link
- Stocks open mostly higher on Wall Street, except for tech
- Gap expands into home under new partnership with Walmart
- Atlanta philanthropist, businessman A.D. Correll dies at 80
- First quarter GDP unchanged at robust 6.4% annual rate
- Fewer Americans sign contracts to buy homes in April
- Indie bookstores avoid the worst — so far — from pandemic
- Shoppers go back to stores, but retailers face challenges
- U.S. durable goods orders drop 1.3% in April
- US jobless claims fall to 406,000, a new pandemic low
- European privacy groups challenge facial scan firm Clearview
- Uber signs driver bargaining agreement with major UK union
- US pipelines ordered to increase cyber defenses after hack
- Can employers make COVID-19 vaccination mandatory?
- Groups accuse Tennessee Valley Authority of misusing funds
- At least 2 Exxon board members lose seats in climate fight
- Bank CEOs outline pandemic support; senators split on issues
- How major US stock indexes fared Wednesday
- Jeff Bezos says will pass baton to new Amazon CEO on July 5
- Dick's Sporting Goods, Zscaler rise; Nordstrom, Travere fall
- CN tries to address concerns about its $33.6B railroad deal
- Alden puts its stamp on Tribune with new debt and leadership
| GOP offers $928B on infrastructure, funded with COVID aid Posted: 27 May 2021 07:47 AM PDT Republican senators have outlined a $928 billion infrastructure proposal that's a counteroffer to President Joe Biden’s more sweeping plan  |
| Germany, Norway flip switch on $2.4B undersea energy link Posted: 27 May 2021 07:28 AM PDT Germany and Norway have inaugurated a new undersea cable that directly links the two countries’ electricity networks  |
| Stocks open mostly higher on Wall Street, except for tech Posted: 27 May 2021 07:25 AM PDT Stocks were mostly higher on Thursday morning with the exception of technology stocks  |
| Gap expands into home under new partnership with Walmart Posted: 27 May 2021 07:17 AM PDT Gap will begin selling a new home goods line exclusively through Walmart’s website next month under a multiyear partnership  |
| Atlanta philanthropist, businessman A.D. Correll dies at 80 Posted: 27 May 2021 07:17 AM PDT Atlanta philanthropist and businessman A.D. “Pete” Correll has died  |
| First quarter GDP unchanged at robust 6.4% annual rate Posted: 27 May 2021 07:17 AM PDT The U.S. economy grew at a robust annual rate of 6.4% in the first three months of this year, unchanged from the government’s initial estimate  |
| Fewer Americans sign contracts to buy homes in April Posted: 27 May 2021 07:03 AM PDT Fewer Americans signed contracts to buy homes in April as a lack of supply continues to foil buyers  |
| Indie bookstores avoid the worst — so far — from pandemic Posted: 27 May 2021 06:47 AM PDT Through the first year of the pandemic, the country’s independent booksellers have so far avoided disaster  |
| Shoppers go back to stores, but retailers face challenges Posted: 27 May 2021 06:37 AM PDT Americans are going back to one of their favorite pastimes: store shopping  |
| U.S. durable goods orders drop 1.3% in April Posted: 27 May 2021 06:23 AM PDT U.S. orders for big-ticket manufactured goods dropped unexpectedly in April for the first time in 11 months, pulled down by plunging orders for transportation equipment  |
| US jobless claims fall to 406,000, a new pandemic low Posted: 27 May 2021 05:53 AM PDT The number of Americans seeking unemployment benefits dropped last week to 406,000, a new pandemic low and more evidence that the job market is strengthening as the virus wanes and economy further reopens  |
| European privacy groups challenge facial scan firm Clearview Posted: 27 May 2021 05:33 AM PDT Privacy campaign groups filed a slew of legal complaints Thursday with European regulators against Clearview AI  |
| Uber signs driver bargaining agreement with major UK union Posted: 27 May 2021 03:30 AM PDT Uber says it’s formally recognizing a major British trade union  |
| US pipelines ordered to increase cyber defenses after hack Posted: 27 May 2021 03:09 AM PDT U.S. pipeline operators will be required for the first time to conduct a cybersecurity assessment under a Biden administration directive  |
| Can employers make COVID-19 vaccination mandatory? Posted: 27 May 2021 01:07 AM PDT Experts say employers can make COVID-19 vaccination mandatory, with some exceptions  |
| Groups accuse Tennessee Valley Authority of misusing funds Posted: 26 May 2021 02:56 PM PDT Four environmental organizations are asking the Tennessee Valley Authority’s internal watchdog to investigate whether the nation’s largest public utility misused ratepayer money to lobby against federal environmental regulations  |
| At least 2 Exxon board members lose seats in climate fight Posted: 26 May 2021 01:55 PM PDT Exxon Mobil’s shareholders have voted to replace at least two of the company’s 12 board members with directors who are seen as better suited to fight climate change  |
| Bank CEOs outline pandemic support; senators split on issues Posted: 26 May 2021 01:53 PM PDT The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses  |
| How major US stock indexes fared Wednesday Posted: 26 May 2021 01:22 PM PDT U.S. stocks are closing higher Wednesday as investors continued to monitor the economic recovery and rising inflation  |
| Jeff Bezos says will pass baton to new Amazon CEO on July 5 Posted: 26 May 2021 01:19 PM PDT Amazon founder Jeff Bezos has picked a date to step down as CEO  |
| Dick's Sporting Goods, Zscaler rise; Nordstrom, Travere fall Posted: 26 May 2021 01:19 PM PDT Stocks that traded heavily or had substantial price changes Wednesday: Dick’s Sporting Goods, Zscaler rise; Nordstrom, Travere fall  |
| CN tries to address concerns about its $33.6B railroad deal Posted: 26 May 2021 12:59 PM PDT Canadian National plans to address competitive concerns related to its $33.6 billion acquisition of Kansas City Southern by selling off a short section of rail line  |
| Alden puts its stamp on Tribune with new debt and leadership Posted: 26 May 2021 12:58 PM PDT Hedge fund Alden Global Capital closed its deal for Tribune on Monday and has installed new leadership and saddled the newspaper chain with $278 million in debt, according to regulatory filings  |
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