Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
States are changing fire codes to make housing cheaper. Some safety experts are worried
States and cities are loosening building code requirements in an effort to lower construction costs and boost affo…
Head of Chinese bank behind foreign building spree jailed
BEIJING (AP) — The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges,…
US safety agency rejects petition to recall Tesla vehicles
DETROIT (AP) — The U.S. government’s auto safety agency has rejected a request to investigate unintended acceleration in Tesla electric vehicles, saying the acceleration was caused by drivers pushing the wrong peda…
Twitter permanently suspends Trump from its platform, citing 'risk of further incitement of violence'
WASHINGTON (AP) — Twitter permanently suspends Trump from its platform, citing 'risk of further incitement of violence.'
How major stock indexes fared Friday
Major stock indexes closed at new highs on Wall Street Friday, leaving the market with solid gains for the first week of the year.
US consumer borrowing advanced 4.4% in November with gains in auto and student loans
WASHINGTON (AP) — US consumer borrowing advanced 4.4% in November with gains in auto and student loans.
Boston mayor, RI governor among Biden adds to economic team
WILMINGTON, Del. (AP) — President-elect Joe Biden is set to introduce the governor of Rhode Island, the mayor of Boston and a small-business advocate from California as the newest members of his economic team.
Fed transcripts show doubts about need for 2015 rate hike
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly de…
France's hopes lift as US freezes tariffs over tech tax
PARIS (AP) — France’s government breathed a sigh of relief Friday after the U.S. indefinitely delayed tariffs on French wine, cosmetics and other goods designed as retaliation for a French tax on technology giants.
Courier Journal stopping Louisville presses permanently
LOUISVILLE, Ky. (AP) — The presses at the Courier Journal building in downtown Louisville, Kentucky are stopping for good.
The Latest: China city offers rewards to root out untested
BEIJING — A city in northern China is offering rewards of 500 yuan ($77) for anyone who reports on a resident who has not taken a coronavirus test.
Hyundai recalls 471K more SUVs, tells owners to park outside
DETROIT (AP) — Hyundai is adding about 471,000 SUVs to a September U.S. recall for an electrical short in a computer that could cause fires. And the company is warning owners to park the SUVs outdoors until they ar…
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WHO: Rich nations, vaccine firms should stop bilateral deals
GENEVA (AP) — The World Health Organization chief appealed on Friday to makers of COVID-19 vaccines and the wealthier countries buying them to “stop making bilateral deals,” saying they hurt a U.N.-backed effort to…
Deutsche Bank to pay $130 million to avoid bribery charge
NEW YORK (AP) — Deutsche Bank agreed Friday to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia.
Australian agency reviewing data on Vatican money transfers
ROME (AP) — The Australian government’s financial intelligence agency said Thursday it is reviewing its data after questions were raised about its report that $1.8 billion were transferred from the Vatican to Austr…