American Express profit fell 15% on virus impact
CHARLOTTE, N.C. — American Express said its fourth-quarter profits dropped by 15% from a year ago, as the global pandemic kept cardmembers from dining out,…
AP Wire
U.S. stocks open mostly higher ahead of a busy earnings week
NEW YORK — Stocks were modestly higher in early trading today, as investors looked ahead to this week’s deluge of company earnings and set aside…
Job losses from virus 4 times as bad as ’09 financial crisis
GENEVA — Four times as many jobs were lost last year due to the coronavirus pandemic as during the worst part of the global financial…
German business confidence drops more than expected
BERLIN — German business confidence declined more than expected in January as businesses grappled with coronavirus restrictions and an uncertain outlook, a closely watched survey…
Merck ends development of two potential COVID-19 vaccines
Merck is giving up on two potential COVID-19 vaccines following poor results in early-stage studies. The drugmaker said today that it will focus instead on…
Budweiser joins Coke, Pepsi brands in sitting out Super Bowl
NEW YORK — For the first time since 1983, when Anheuser-Busch used all of its ad time to introduce a beer called Bud Light, the…
Budweiser joins Coke, Pepsi brands in sitting out Super Bowl
NEW YORK — For the first time since 1983, when Anheuser-Busch used all of its ad time to introduce a beer called Bud Light, the…
Russian hack of U.S. agencies exposed supply chain weaknesses
WASHINGTON — The elite Russian hackers who gained access to computer systems of federal agencies last year didn’t bother trying to break one by one…
Google’s parent deflates internet-beaming balloon company
SAN RAMON, Calif. — Google’s parent company is letting the air out of an internet-beaming balloon company that was providing online access from the stratosphere….
Existing home sales rise in 2020 to highest in 14 years
WASHINGTON — Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing…