Business

2020-05-06 20:35:01
by Dan McCue
Employers Eliminated More Than 20 Million Jobs in April, Report Says

WASHINGTON - U.S. private sector employers cut 20.2 million jobs from their payrolls in April, a stunning sign of just... Read More

WASHINGTON - U.S. private sector employers cut 20.2 million jobs from their payrolls in April, a stunning sign of just what the coronavirus outbreak has done to the economy in a relatively short time. In a report released Wednesday, ADP,... Read More

2020-05-05 15:12:02
by Dan McCue
Supreme Court's First-Ever Sitting for Arguments By Phone Goes Off Without a Hitch

WASHINGTON - Somewhere, Alexander Graham Bell must be smiling. Some 144 years after the Scottish-born scientist invented the world's first... Read More

WASHINGTON - Somewhere, Alexander Graham Bell must be smiling. Some 144 years after the Scottish-born scientist invented the world's first working telephone, the U.S. Supreme Court made history Monday by hearing oral arguments using his technology and allowing the world... Read More

2020-05-01 16:44:39
by Dan McCue
Judiciary Committee Seeks Bezos Testimony Over Allegedly Misleading Congress

WASHINGTON - The House Judiciary Committee on Friday asked Amazon CEO Jeff Bezos to testify after both Republicans and Democrats... Read More

WASHINGTON - The House Judiciary Committee on Friday asked Amazon CEO Jeff Bezos to testify after both Republicans and Democrats on the panel expressed concerns his deputies may have lied to Congress. The letter, which is signed by four Democrats... Read More

2020-05-01 15:32:39
by Dan McCue
Cunningham Convinces Wealthy Homeowners to Return $1 Million SBA Loan

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan... Read More

WASHINGTON - A wealthy homeowners association on exclusive Kiawah Island in South Carolina is returning a $1 million federal loan intended to help small businesses and nonprofits after being taken to task by Rep. Joe Cunningham, D-S.C. Cunningham, who is... Read More

2020-05-01 14:24:57
by Dan McCue
Federal Reserve Expands Scope of Main Street Lending Program

WASHINGTON - The Federal Reserve said Thursday it is expanding the scope and eligibility for the Main Street Lending Program,... Read More

WASHINGTON - The Federal Reserve said Thursday it is expanding the scope and eligibility for the Main Street Lending Program, a vehicle created to help credit flow to small and medium-sized businesses that were in sound financial shape before the... Read More

Trump Halted Travel From Europe for 30 Days. Officials Now Say It Could Be Months

WASHINGTON — Restrictions on travel from Europe to the United States introduced in March by President Donald Trump could last... Read More

WASHINGTON — Restrictions on travel from Europe to the United States introduced in March by President Donald Trump could last for months, despite his initial statement they would remain in place for 30 days, three senior administration officials told McClatchy.... Read More

Small Business Loan Program Restarts, Runs Into Snags

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed... Read More

NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration. Lenders complained Monday that they couldn't get their applications into the SBA... Read More

2020-04-27 17:07:10
by Dan McCue
Supreme Court Rules Insurers Can Collect $12 Billion From Congress for ACA Losses

WASHINGTON - The U.S. Supreme Court ruled Monday that Congress acted unlawfully when it reneged on a commitment to shield... Read More

WASHINGTON - The U.S. Supreme Court ruled Monday that Congress acted unlawfully when it reneged on a commitment to shield Affordable Care Act insurers from financial losses in the early years of its implementation. In an 8-1 ruling, the justices... Read More

Grocery Stores Seeking Masks for ‘Essential’ Workers Confront Shortages, Federal Interference

The day after the Centers for Disease Control and Prevention in early April advised everyone to cover their faces in... Read More

The day after the Centers for Disease Control and Prevention in early April advised everyone to cover their faces in public, the co-owner of a small network of grocery stores in Wisconsin logged into Facebook and began a post: “HELP!”... Read More

2020-04-24 13:16:43
by Dan McCue
House Bill Aims to Make Cannabis Businesses Eligible for COVID-19 Relief

WASHINGTON - A bill introduced by two Democratic congressmen Thursday would make businesses in the previously flourishing cannabis industry eligible... Read More

WASHINGTON - A bill introduced by two Democratic congressmen Thursday would make businesses in the previously flourishing cannabis industry eligible to apply for COVID-19 relief programs run through the Small Business Administration. In the wake of the shuttering of many... Read More

2020-04-14 21:07:19
by Gaspard Le Dem
Small Farmers Worry Government Won’t Bail Them Out of Pandemic Woes

When the coronavirus started shutting down livestock markets, Darvin Bentlage knew his farm would take a hit. Springtime cattle sales... Read More

When the coronavirus started shutting down livestock markets, Darvin Bentlage knew his farm would take a hit. Springtime cattle sales usually bring in about a third of his ranching income, and cattle prices were already at a low, he said. ... Read More

2020-04-10 18:37:23
by Dan McCue
COVID-19-Driven Trade Decisions Must Ensure Free Flow of Goods

WASHINGTON - Despite the continued uncertainties related to the COVID-19 virus, government officials trying to beat back the pandemic need... Read More

WASHINGTON - Despite the continued uncertainties related to the COVID-19 virus, government officials trying to beat back the pandemic need to resist the temptation to erect new barriers to trade, an international trade watchdog said Friday. Further, the report said,... Read More

2020-04-10 18:33:41
by Dan McCue
How The Private Sector Is Fighting The COVID-19 Pandemic

WASHINGTON - To no one's surprise, the coronavirus outbreak -- once it breached our shores -- became all anyone was... Read More

WASHINGTON - To no one's surprise, the coronavirus outbreak -- once it breached our shores -- became all anyone was talking about. Fears over the pandemic and the grim death toll projections dominated the early narrative, to be surpassed later... Read More

2020-04-09 20:52:20
by Kate Michael
Virtual Event Focuses on Leading During a Crisis

Billionaire Investor Mark Cuban headlined a virtual discussion hosted by Axios Friday afternoon focused on leading in a crisis, sharing... Read More

Billionaire Investor Mark Cuban headlined a virtual discussion hosted by Axios Friday afternoon focused on leading in a crisis, sharing his thoughts on specifically how to lead and work together for social good in the midst of a global pandemic. ... Read More

2020-04-03 16:44:54
by Dan McCue
Ratings Agency Says Non-Bank Mortgage Lenders Face 'Intense' Liquidity Crunch

WASHINGTON - The rating agency Moody's downgraded its outlook for non-bank mortgage lenders in the U.S. from "stable" to "negative"... Read More

WASHINGTON - The rating agency Moody's downgraded its outlook for non-bank mortgage lenders in the U.S. from "stable" to "negative" on Thursday, warning the industry faces "intense" liquidity problems due to the ongoing coronavirus outbreak. As previously reported in The... Read More

Boost the Schmooze? Trump Wants Tax Dining Deduction Back

WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is... Read More

WASHINGTON (AP) — It may be an odd gesture at a time of social distancing, but President Donald Trump is leaning into his plea to Congress to restore full tax benefits prized by business for fine dining and schmoozing. Trump... Read More

2020-03-31 17:59:31
by Dan McCue
Treasury Rolls Out Airline Aid Strategy, Urging Carriers to Act Quickly

WASHINGTON - The Treasury Department provided some guidance Monday night on how it will award grants and loans to airlines... Read More

WASHINGTON - The Treasury Department provided some guidance Monday night on how it will award grants and loans to airlines affected by the coronavirus outbreak, urging them to apply for "payroll support" by Friday. The department said the resources it... Read More

2020-03-31 16:14:38
by Dan McCue
Real Estate Industry Hoping for Stimulus Aid for Non-Depository Lenders

WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had... Read More

WASHINGTON - Even before Congress had passed the third economic stimulus package of the coronavirus era on Friday, talk had turned to what should be included in a currently hypothetical, but no less likely, fourth stimulus bill. Among the welcome... Read More

2020-03-30 20:28:08
by Dan McCue
Justices Rule Firm Chartering Vessel For Transport of Oil Obligated to Provide Safe Berth

WASHINGTON - In a case with implications to both maritime transportation and international trade, the Supreme Court ruled a firm... Read More

WASHINGTON - In a case with implications to both maritime transportation and international trade, the Supreme Court ruled a firm that contracted for a delivery of oil was obligated to provide “safe berth” for the vessel carrying it. The underlying... Read More

Kudlow Says Government Could Take Equity Stakes in Companies That Want Aid

WASHINGTON — The White House’s top economic adviser, Larry Kudlow, said the administration may consider asking for an equity stake... Read More

WASHINGTON — The White House’s top economic adviser, Larry Kudlow, said the administration may consider asking for an equity stake in corporations that want coronavirus aid from taxpayers. “One of the ideas is, if we provide assistance, we might take... Read More

2020-03-16 21:56:18
by Dan McCue
US Airlines Seeking Nearly $60 Billion to Sustain Industry During Virus Outbreak

WASHINGTON - U.S. Airlines are asking for close to $60 billion in government assistance to help them deal with industry... Read More

WASHINGTON - U.S. Airlines are asking for close to $60 billion in government assistance to help them deal with industry travails associated with the ongoing coronavirus outbreak. Airlines for America, the trade association that represents Delta, United, American and Southwest,... Read More

2020-03-13 14:49:06
by Dan McCue
Coalition Launches to Celebrate and Protect the Bayh-Dole Act

North Charleston, South Carolina, the smaller, hard-working neighbor of the historic coastal city that shares its name, suddenly found itself... Read More

North Charleston, South Carolina, the smaller, hard-working neighbor of the historic coastal city that shares its name, suddenly found itself at the center of a regional crisis. Home to a thriving Navy base for nearly a century, it learned in... Read More

Trump Suspends All Travel From Europe to US Over ‘Horrible’ Coronavirus Pandemic

President Donald Trump took the extraordinary step Wednesday of announcing a suspension of all travel from Europe to the U.S.... Read More

President Donald Trump took the extraordinary step Wednesday of announcing a suspension of all travel from Europe to the U.S. in an effort to contain the coronavirus, calling the fast-spreading respiratory illness a “horrible” pandemic that requires an “aggressive” response.... Read More

NBA Suspends Season Until Further Notice, Over Coronavirus

MIAMI (AP) — The NBA has suspended its season “until further notice" after a Utah Jazz player tested positive Wednesday... Read More

MIAMI (AP) — The NBA has suspended its season “until further notice" after a Utah Jazz player tested positive Wednesday for the coronavirus, a move that came only hours after the majority of the league's owners were leaning toward playing... Read More

As Recession Fears Mount, Eyes Turn to The American Consumer

WASHINGTON — As the White House, Congress and the Federal Reserve struggle to stem the growing financial and economic crisis,... Read More

WASHINGTON — As the White House, Congress and the Federal Reserve struggle to stem the growing financial and economic crisis, the likelihood of success may ultimately come down to one factor: the American consumer. What’s largely behind the mounting recession... Read More

2020-02-10 21:44:06
by Dan McCue
Pompeo Warns Governors to Be Wary of China's Economic Overtures

WASHINGTON -  Secretary of State Michael Pompeo delivered a stern warning about China in a speech to governors on Saturday,... Read More

WASHINGTON -  Secretary of State Michael Pompeo delivered a stern warning about China in a speech to governors on Saturday, warning that Beijing is using economic promises as a wedge to exploit U.S. vulnerabilities. "The competition with China is not... Read More

2020-02-07 16:51:18
by Kate Michael
White House Says China Guilty of 'Massive' Intellectual Property Theft, FBI Vows Crackdown

WASHINGTON - National Security Advisor Robert O’Brien told a gathering of world ambassadors this week that China has engaged in... Read More

WASHINGTON - National Security Advisor Robert O’Brien told a gathering of world ambassadors this week that China has engaged in a "massive theft" of Intellectual property from the U.S., complicating diplomatic relations and making events like the recent trade dispute... Read More

2020-02-04 21:34:58
by Dan McCue
Survey Finds Large Employers Expanding Paid Leave Benefits

WASHINGTON - A majority of U.S.- based large employers are expanding paid leave benefits by increasing the number of days... Read More

WASHINGTON - A majority of U.S.- based large employers are expanding paid leave benefits by increasing the number of days available for leave, broadening eligibility, and considering new types of paid leave, a new Business Group on Health survey found.... Read More

2020-01-23 15:56:34
by Dan McCue
Davos Breakthrough: France, US Agree to Press Ahead With Global 'Digital Tax' Talks

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border... Read More

The United States and France agreed Thursday to proceed with talks that could result in a global rewrite of cross-border tax rules for the digital era. The agreement to temporarily set aside a brewing tariff war over France’s digital tax... Read More

2020-01-13 16:57:20
by Dan McCue
New Mexico Governor Declares Space Her State's Next Frontier

New Mexico Gov. Michelle Lujan Grisham last week declared the burgeoning space industry is one of her nine economic growth... Read More

New Mexico Gov. Michelle Lujan Grisham last week declared the burgeoning space industry is one of her nine economic growth sectors for the state. “New Mexico is truly breaking barriers in the space industry,” the governor said as she opened... Read More

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