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Business

Judge says Amazon won’t have to restore Parler web service

Amazon won’t be forced to immediately restore web service to Parler after a federal judge ruled Thursday against a plea to reinstate the fast-growing social media app, which is favored by followers of former President Donald Trump. U.S. District Judge Barbara Rothstein in Seattle said she ...

CSX profit slips in 4Q but railroad hauls 4% more freight

OMAHA, Neb. (AP) — CSX railroad reported relatively flat fourth-quarter earnings even though it hauled 4% more freight as the economy continued to rebound from last year’s widespread virus-related shutdowns. The Jacksonville, Florida-based railroad said Thursday it earned $760 million, ...

Wall Street hits records as hopes build for more stimulus

Wall Street marked the dawn of President Joe Biden’s administration with stocks rallying to record highs as hopes build that new leadership in Washington will mean more support for the struggling U.S. economy. The S&P 500 rose 1.4%, topping its previous all-time high set earlier this ...

Keystone XL pipeline halted as Biden moves to cancel permit

TORONTO (AP) — Construction on the long disputed Keystone XL oil pipeline halted Wednesday in anticipation of incoming U.S. President Joe Biden revoking its permit. Biden’s Day One plans includes moving to revoke a presidential permit for the pipeline. The 1,700-mile pipeline was planned ...

United Airlines posts $1.9B loss in pandemic-laden 4Q

United Airlines said Wednesday that it finished one of the worst years in its history by losing $1.9 billion in the last three months of 2020, and it predicted more of the same in the first quarter of this year. The loss was wider than analysts expected. The number of U.S. airline passengers ...

Netflix’s big 4Q lifts video service above 200M subscribers

SAN RAMON, Calif. (AP) — Netflix’s video streaming service has surpassed 200 million subscribers for the first time as its expanding line-up of TV series and movies continues to captivate people stuck at home during the ongoing battle against the pandemic. The subscriber milestone ...

U.S. rejects Ford, Mazda requests to avoid Takata recalls

DETROIT (AP) — The U.S. government’s highway safety agency has rejected a request from Ford and Mazda to avoid recalling about 3 million vehicles with potentially dangerous Takata air bag inflators. The National Highway Traffic Safety Administration said Tuesday the ammonium nitrate ...

Federal court strikes down major Trump climate rollback

WASHINGTON (AP) — In a last-minute slap at President Donald Trump, a federal appeals court struck down one of his administration’s most momentous climate rollbacks on Tuesday, saying officials acted illegally in issuing a new rule that eased federal regulation of air pollution from power ...

Biden picks Chopra, Gensler for financial oversight roles

WASHINGTON (AP) — President-elect Joe Biden chose Rohit Chopra to be director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm an agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped ...

Canada urges Biden not to cancel pipeline

TORONTO (AP) — Top officials in Canada want a chance to make the case for a long disputed oil pipeline to be built amid reports President-elect Joe Biden will cancel Keystone XL. Alberta Premier Jason Kenney said Monday he will seek legal damages if reports are true that Biden plans to ...

EU regulator: Hackers ‘manipulated’ stolen vaccine documents

LONDON (AP) — The European Union’s drug regulator said Friday that COVID-19 vaccine documents stolen from its servers by hackers have been not only leaked to the web, but “manipulated.” The European Medicines Agency said that an ongoing investigation showed that hackers obtained ...

Most major U.S. airlines ban guns in luggage for DC flights

Airlines and airports say they are stepping up security before next week’s presidential inauguration, with Delta and other major airlines saying they will prohibit passengers flying to the Washington area from putting guns in checked bags. The moves follow the Jan. 6 riot at the U.S. ...

Petco goes public again as spending soars

NEW YORK (AP) — Petco, the pet store chain, went public again Thursday, hoping to cash in on people’s obsessions with their furry pets. Petco’s stock, which opened at $18 Thursday, soared 63% to close at $29.40, valuing the company at more than $6 billion. It raised $864 million after ...

Boeing deliveries drop despite 737 Max’s return to flight

Boeing Co. got a bump in orders and deliveries of new planes in December, but it wasn’t enough to salvage a poor year for the big aircraft maker. Chicago-based Boeing still reported more cancellations than new orders for its 737 Max jet, which was grounded for 21 months after crashes in ...

Right-wing app Parler off internet over ties to siege

The conservative-friendly social network Parler was booted off the internet Monday over ties to last week’s siege on the U.S. Capitol, but not before hackers made off with an archive of its posts, including any that might have helped organize or document the riot. Amazon kicked Parler off ...

Stocks slip as Wall Street takes breather after 4-day run

NEW YORK (AP) —Stocks closed lower on Wall Street Monday as trading cools in markets around the world following record-setting runs. The S&P 500 fell 0.7%, breaking a four-day winning streak. Analysts said a pullback was no surprise following the big rally recently for everything from ...

Ford announces closing of its Brazil operations

SAO PAULO (AP) — Ford Motor said on Monday it will close three plants in Brazil and stop producing automobiles in the South American country. The company said in a statement it will cease production immediately at the factories “as the COVID-19 pandemic amplifies persistent industry idle ...

Congress, LA take divergent paths after COVID test warning

LOS ANGELES (AP) — Los Angeles will continue using a coronavirus test that federal regulators warned may produce false results while Congress, which has used the same test, is seeking an alternative. The different responses Thursday followed a Food and Drug Administration alert to patients ...

Boeing will pay $2.5B to settle charge over 737 Max

Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service. The government and the company said Thursday that the ...

Social platforms flex their power, lock down Trump accounts

After years of treating President Donald Trump’s inflammatory rhetoric with a light touch, Facebook and Instagram are silencing his social media accounts for the rest of his presidency. The move, which many called long overdue following Wednesday’s deadly insurrection at the U.S. Capitol, ...