GM to build electric delivery vans in Canada
NEW YORK (AP) — General Motors plans to spend $800 million to turn a Canadian SUV plant into one that will make electric delivery vans.
Nestlé recalls 762,000 pounds of pepperoni Hot Pockets
MOUNT STERLING, Ky. (AP) — Nestlé Prepared Foods is recalling more than 762,000 pounds of pepperoni Hot Pockets, the U.S. Department of Agriculture’s Food Safety and Inspection Service said.
Restaurants, bars scramble for propane amid pandemic winter
FORT COLLINS, Colo. (AP) — With coronavirus restrictions forcing bars and restaurants to seat customers outside in the dead of winter, many are scrambling to nab erratic supplies of propane that fuel space heaters they’re relying on more than ever to keep people comfortable in the cold.
Expo 2020 unveils key pavilion in Dubai as pandemic surges
DUBAI, United Arab Emirates (AP) — Dubai on Saturday unveiled the signature pavilion for the upcoming Expo 2020, the world's fair that is scheduled to open later this year even as the global pandemic that forced its postponement continues to rage.
Fleeing New Yorkers squeeze surrounding housing markets
Angel Garcia, a single father approved for a mortgage loan of $300,000, had high hopes in early 2020 of finding a house he could afford in his hometown of Stamford, Connecticut.
Donor backlash fuels GOP alarm about Senate fundraising
WASHINGTON (AP) — Republicans are worried that a corporate backlash stirred by the deadly Capitol insurrection could crimp a vital stream of campaign cash, complicating the party’s prospects of retaking the Senate in the next election.
Bowl games look to future after weathering challenging year
LOS ANGELES (AP) — Even after canceling the Tournament of Roses parade during the summer and scaling back the pregame festivities normally associated with the Rose Bowl, David Eads and his staff were still preparing for a College Football Playoff semifinal on New Year’s Day to be played at the picturesque stadium in Pasadena, California.
Ralph Lauren drops Justin Thomas after gay slur heard on TV
HONOLULU (AP) — Ralph Lauren Corp. said Friday it is ending its sponsorship with Justin Thomas after he was heard muttering a homophobic slur to himself after missing a putt last week in Hawaii.
TSA looking into adding Capitol rioters to US no-fly list
Federal officials are investigating people who took part in the riot at the U.S. Capitol to determine whether they should be barred from traveling on airlines.
Extremists exploit a loophole in social moderation: Podcasts
Major social platforms have been cracking down on the spread of misinformation and conspiracy theories in the leadup to the presidential election, and expanded their efforts in the wake of the Jan.
Stocks fall as economic pain deepens, rally runs out of gas
NEW YORK (AP) — Wall Street closed out its first losing week in three with another drop on Friday after reports showed the pandemic is deepening the hole for the economy, as Washington prepares to throw it another lifeline.
Retail group: holiday sales up 8.3% amid big spending shift
NEW YORK (AP) — The nation’s largest retail trade group said Friday that holiday sales soared 8.3%, far exceeding its forecast even as the coronavirus kept shoppers away from physical stores.
Oil giant Total withdraws from US energy lobbying group
PARIS (AP) — French oil and gas company Total said it has decided to withdraw from energy association American Petroleum Institute because it disagrees on climate-related policies.
Optimistic banks start moving 'bad' loans back to 'good'
CHARLOTTE, N.C. (AP) — The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile.
Wells Fargo 4Q profit rose 4%, tops Street estimates
SILVER SPRING, Md. (AP) — Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year defined by the coronavirus outbreak.
U.S. retail sales fell in December for 3rd straight month
NEW YORK (AP) — Americans cut back on spending in December for the third-straight month as a surge in virus cases kept people away from stores during the critical holiday shopping season.
NJ to fine sports books asking players to cancel withdrawals
ATLANTIC CITY, N.J. (AP) — New Jersey's top gambling regulator is threatening to fine sports books operating in his state that ask customers to cancel requests to cash out money from their accounts, saying the practice is ongoing and “unacceptable.” In some cases, sports books have offered to give players cash bonuses if they cancel withdrawal requests, according to David Rebuck, director of the New Jersey Division of Gaming Enforcement.
US industrial production jumps 1.6% in December
SILVER SPRING, Md. (AP) — U.S. industrial production rose 1.6% in December, a third straight monthly gain, but remains below its pre-pandemic level.
Citigroup 4Q profit down 7%, revenue drops by 10%
CHARLOTTE, N.C. (AP) — Banking conglomerate Citigroup said its fourth quarter profits fell by 7%, but like its competitor JPMorgan Chase, the bank saw improvement from the darkest days of the pandemic shutdowns.
December wholesale prices up 0.3% with sharp jump in energy
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in December led by a the biggest jump in energy costs since June. The Labor Department reported Friday that the gain in its producer price index, which measures inflation pressures before they reach consumers, followed a modest 0.1% gain in November and matched the 0.3% rise in October.
2 nuke plants, 1 bribery scandal, no answers: Towns on edge
TOLEDO, Ohio (AP) — For much of the past four years, the residents of a pair of villages along Lake Erie have been on edge over the fate of their nuclear plants, which generate enough tax money to pay for nicer schools than their neighbors.
Germany approves resuming Russia gas pipeline work
BERLIN (AP) — German authorities gave permission Friday for work to resume on a subsea pipeline bringing natural gas from Russia that's been the target of U.S.
JPMorgan's profits jump as economy, investment bank recovers
CHARLOTTE, N.C. (AP) — JPMorgan Chase & Co., the nation's largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm's investment banking division had a stellar quarter and its balance sheet improved despite the pandemic.
Another recession looms for UK economy as lockdowns bite
LONDON (AP) — The British economy looks set to fall back into recession after official figures on Friday showed that it shrank by 2.6% month-on-month in November, when much of the country was in a second coronavirus lockdown.
Asian shares mixed following Biden speech, Wall St retreat
Asian shares were mixed on Friday after a late slide in several Big Tech stocks left major indexes lower on Wall Street. U.S. futures were trading slightly lower after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic.