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Business

60 years since 1st American in space: Tourists lining up

CAPE CANAVERAL, Fla. (AP) — Sixty years after Alan Shepard became the first American in space, everyday people are on the verge of following in his cosmic footsteps. Jeff Bezos’ Blue Origin used Wednesday’s anniversary to kick off an auction for a seat on the company’s first crew ...

U.S. stock indexes mixed as tech rebound fades; Peloton drops

NEW YORK (AP) — Major U.S. stock indexes closed with mixed results Wednesday as a pullback in utilities and real estate companies kept gains elsewhere in the market in check. The S&P 500 posted a gain of 0.1% to 4,167, after having been up 0.6% earlier in the day. The Dow Jones Industrial ...

How companies rip off poor employees and get away with it

NEW YORK (AP) — Already battered by long shifts and high infection rates, essential workers struggling through the pandemic face another hazard of hard times: employers who steal their wages. When a recession hits, U.S. companies are more likely to stiff their lowest-wage workers. These ...

Pfizer’s long range vaccine pursuits pay off

Pfizer, buoyed by a huge jump in sales for its COVID-19 vaccine and solid first-quarter performance across most of the company, hiked its 2021 financial forecast after blowing past Wall Street expectations. The company, along with its German partner BioNTech, now anticipate sustained revenue ...

Disneyland reopens as California emerges from virus depths

ANAHEIM, Calif. (AP) — Disneyland reopened to excited visitors Friday, marking a dramatic turnaround in a state that was so overwhelmed with coronavirus cases just four months ago that patients were being treated in gymnasiums and outdoor tents. Visitors cheered and screamed with happiness ...

Big Tech stocks flex muscles again after a rough winter

NEW YORK (AP) — Big Tech stocks are flexing their enormous strength again, after getting knocked around a bit earlier this year. Apple, Microsoft, Amazon, Google’s parent company and Facebook all gave profit reports this week that blew past investors’ already high expectations. Apple ...

U.S. agency to look at bringing back bison on Montana refuge

BILLINGS, Mont. (AP) — U.S. officials said they will consider in coming years whether to reintroduce wild bison to a million-acre (400,000-hectare) federal wildlife refuge in central Montana, a move that would be at odds with Republicans in the state who want to limit where bison can ...

Senate votes to reinstate methane rules loosened by Trump

WASHINGTON (AP) — Congressional Democrats are moving to reinstate regulations designed to limit potent greenhouse gas emissions from oil and gas fields, as part of a broader effort by the Biden administration to tackle climate change. The Senate approved a resolution Wednesday that would ...

Vegas agency links more liver ailments to ‘Real Water’ brand

LAS VEGAS (AP) — Health officials in Las Vegas reported six more cases of liver illness this week believed to be linked to a commercially marketed bottled water brand, Real Water, that faces a U.S. Food and Drug Administration probe and lawsuits by people alleging they were sickened and ...

Biden signs $15 minimum wage for federal contract workers

WASHINGTON (AP) — President Joe Biden signed an executive order Tuesday to increase the minimum wage to $15 an hour for federal contractors, providing a pay bump to hundreds of thousands of workers. Biden administration officials said that the higher wages would lead to greater worker ...

DoorDash offers lower-priced delivery plans amid criticism

DoorDash is launching lower-priced delivery options for U.S. restaurants, responding to criticism that the commissions it charges are too high for the beleaguered industry. The San Francisco delivery company said Tuesday it will offer a new basic plan that will charge restaurants 15% per ...

Probe: Cyprus ‘unlawfully’ gave passports in investment deal

NICOSIA, Cyprus (AP) — Cyprus’ government unlawfully issued 3,500 passports to the relatives of wealthy investors under a now-defunct, multibillion euro citizenship-for-investment program, a damning interim report by an independent commission found on Tuesday. The report, which said the ...

Stocks reach more records as earnings kick into high gear

NEW YORK (AP) — Technology companies helped lift stocks modestly higher on Wall Street Monday, nudging the S&P 500 and Nasdaq indexes to all-time highs. The S&P 500 rose 0.2%, with only slightly more than half the companies in the index notching gains. Banks and companies that rely ...

FDA: N95 masks, now plentiful, should no longer be reused

The Biden administration has taken the first step toward ending an emergency exception that allowed hospitals to ration and reuse N95 medical masks, the first line of defense between frontline workers and the deadly coronavirus. Thousands of medical providers have died in the COVID-19 ...

Mexico’s drought reaches critical levels as lakes dry up

MEXICO CITY (AP) — Drought conditions now cover 85% of Mexico, and residents of the nation’s central region said Thursday that lakes and reservoirs are simply drying up, including the country’s second-largest body of fresh water. The mayor of Mexico City said the drought was the worst ...

Biden to restore California’s power to set pollution rules

DETROIT (AP) — The U.S. Transportation Department is moving to reverse former President Donald Trump’s bid to end California’s ability to set its own automobile tailpipe pollution standards. The National Highway Traffic Safety Administration, which is part of the DOT, said Thursday it ...

Businesses scramble for help as job openings go unfilled

NEW YORK (AP) — It looks like something to celebrate: small businesses posting “Help Wanted” signs as the economy edges toward normalcy. Instead, businesses are having trouble filling the jobs, which in turn hurts their ability to keep up with demand for their products or services. ...

EU agency links J&J shot to rare clots, says odds favor use

LONDON (AP) — The European Union’s drug regulatory agency said Tuesday that it found a “possible link” between Johnson & Johnson’s COVID-19 vaccine and extremely rare blood clots and recommended a warning be added to the label. But experts at the agency reiterated that the ...

Biden OKs more foreign seasonal workers as economy improves

WASHINGTON (AP) — President Joe Biden’s administration announced an increase Tuesday in the number of temporary seasonal workers who will be allowed to work in the U.S. this year as the U.S. economy recovers from the pandemic. The Department of Homeland Security said the U.S. would ...

Facebook prepares for Chauvin verdict by enforcing its rules

Facebook is stepping up the enforcement of its rules ahead of the verdict in former Minneapolis Police Officer Derek Chauvin’s murder trial in George Floyd’s death. The social media giant is tightening its content-moderation efforts, saying it wants to “protect peaceful protests and ...