US pending home sales bounce back huge in May
SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous…
AP Wire
Gilead prices coronavirus drug at $2,340 for rich countries
The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course…
BP sells petrochemicals arm to Ineos for $5 billion
LONDON — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities…
FCC to vote in July to make ‘988’ the suicide hotline number
Federal regulators will vote in July on whether to make “988” the number to reach a suicide prevention hotline. The Federal Communications Commission says phone…
US new home sales rise surprisingly strong 16.6% in May
WASHINGTON — Sales of new homes rose a surprisingly strong 16.6% in May with the reopening of major parts of the country potentially fueling activity…
Experts: German economy won’t fully rebound before 2022
FRANKFURT, Germany — German economic experts say output won’t completely bounce back to pre-virus levels until 2022 after a sharp plunge of 6.5% this year,…
Ex-CEO of Wirecard arrested in case over missing billions
BERLIN — The former CEO of German payment service provider Wirecard has been arrested, accused of inflating the company’s balance sheet in an accounting scandal…
Starbucks adds plant-based meat to U.S. menu
Starbucks is adding plant-based meat to its U.S. menu for the first time. The Seattle-based coffee chain said today that a breakfast sandwich made with…
EU urges China to move on trade, back off in Hong Kong
BRUSSELS — Top European Union officials today pressed China’s leaders to open the country’s markets further to European companies, show stronger leadership in reforming world…
T-Mobile lays off more than 200 Sprint employees in Kansas
OVERLAND PARK, Kan. — More than 200 employees at the former Sprint headquarters have been laid off just two months after the company merged with…