Fox News, family of slain DNC staffer Seth Rich settle suit
NEW YORK (AP) — Fox News has reached a settlement with slain Democratic National Committee employee Seth Rich's parents, who alleged in a lawsuit that the cable news company exploited their son's death in stories and commentary.
Left for dead, twice, RadioShack gets another shot online
SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S.
EXPLAINER: Why the Dow topped 30,000 for the first time
NEW YORK (AP) — Wall Street busted through its latest milestone Tuesday, when the Dow Jones Industrial Average topped 30,000 for the first time.
As virus cases spike, financial outlook for airlines dims
With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world’s airlines is getting worse. Airlines will lose more than $157 billion over this year and next because of the pandemic, their main trade group said on Tuesday, The forecast from the International Air Transport Association was worse than the group's June estimate of $100 billion in losses for the two years.
Dow crests 30,000 points on vaccine hopes, Biden transition
The Dow Jones Industrial Average closed above 30,000 points for the first time Tuesday as progress in the development of coronavirus vaccines and news that the transition of power in the U.S.
EU, other donors step up with funds to help Afghanistan
GENEVA (AP) — The European Union, the United States and other donors on Tuesday pledged billions in new funds for Afghanistan, hoping to salvage years of work aimed to foster peace and stability in the country and coax along uncertain peace talks between the government and Taliban rebels — at a time when Islamic State extremists have increasingly caused havoc and bloodshed.
OxyContin maker Purdue Pharma pleads guilty in criminal case
Purdue Pharma pleaded guilty Tuesday to three criminal charges, formally taking responsibility for its part in an opioid epidemic that has contributed to hundreds of thousands of deaths but also angering critics who want to see individuals held accountable, in addition to the company.
UK eases restrictions so families can gather over Christmas
LONDON (AP) — British authorities gave the green light Tuesday to holiday reunions, relaxing restrictions on social mixing over Christmas and offering arriving international travelers a way to cut short quarantine if they test negative for COVID-19.
Americans turn up heat and Cholula sells for $800 million
With millions dining at home for safety and a swing to the spicier side in the U.S. in recent years, Cholula, the hot sauce with the distinctive wooden cap and a cult following, has become a very valuable brand.
Best Buy reports 3Q results that exceed Wall Street views
NEW YORK (AP) — Best Buy Co. reported fiscal third-quarter results that blew through analysts' expectations as the nation's largest consumer electronics retailer enjoyed surging demand for items like home theater and appliances that help people learn, cook, work and connect in their homes during the pandemic.
Greece strike to disrupt public transport
ATHENS, Greece (AP) — Airlines are rescheduling or canceling flights to, from and within Greece this week as air traffic controllers join a nationwide public sector strike scheduled for Thursday.
Belgium approves more money for care homes hit by pandemic
BRUSSELS (AP) — Belgium’s northern region of Flanders approved 575 million euros ($680 million) Tuesday to support staff at nursing home and welfare facilities that has come under intense pressure during the coronavirus crisis.
US consumer confidence drops to 96.1 as virus spreads
WASHINGTON (AP) — U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August.
Virus outbreak delays production at world's top glove maker
KUALA LUMPUR, Malaysia (AP) — Malaysia’s Top Glove Corp., the world’s largest maker of rubber gloves, said Tuesday it expects a two-to-four-week delay in deliveries after more than 2,000 workers at its factories were infected by the coronavirus, raising the possibility of supply disruptions during the pandemic.
US home price gains accelerate as pandemic shakes up housing
WASHINGTON (AP) — U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs.
Drones to the rescue: Berlin lab seeks quicker virus tests
BERLIN (AP) — A German lab is hoping to cut the time it takes to send coronavirus tests across Berlin by using drones, thereby avoiding the capital's clogged roads.
European regulator moves to clear Boeing 737 for flight
BERLIN (AP) — European regulators on Tuesday took a step closer to letting the Boeing 737 Max fly again, publishing a proposed airworthiness directive that could see the aircraft cleared within weeks after being grounded for nearly two years over deadly crashes.
Europe hopes for reset, end to 'damage control' under Biden
BERLIN (AP) — German Foreign Minister Heiko Maas said Tuesday he hopes a reset of U.S.-European relations under the Biden administration can end years in which Europe was mainly concerned with “damage control.” Maas' counterpart from Portugal, which will have taken over the European Union presidency when Joe Biden is inaugurated, said Europe wants to be treated as a “full and equal partner” rather than an enemy of the U.S.
German business confidence down for 2nd consecutive month
BERLIN (AP) — Business confidence in Germany, Europe's biggest economy, fell for a second consecutive month in November as a resurgence of coronavirus infections led to partial shutdowns across the continent, a closely watched survey showed Tuesday.
UK telecom companies face big fines under new security law
LONDON (AP) — Telecom companies in Britain face hefty fines if they don't comply with strict new security rules under a new law proposed in Parliament on Tuesday that is aimed at blocking high-risk equipment suppliers like China's Huawei.
Awaiting Yellen at Treasury: Yet another daunting crisis
WASHINGTON (AP) — Janet Yellen is in line for another top economic policy job — just in time to confront yet another crisis. Yellen, President-elect Joe Biden's apparent choice for treasury secretary, served on the Federal Reserve's policymaking committee during the 2008-2009 financial crisis that nearly toppled the banking system.
Millions stick to Thanksgiving travel plans despite warnings
About 1 million Americans a day packed airports and planes over the weekend even as coronavirus deaths surged across the U.S. and public health experts begged people to stay home and avoid big Thanksgiving gatherings.
Approval for transition gives Biden team access to resources
WASHINGTON (AP) — The federal government is set to begin working with President-elect Joe Biden's transition team now that the head of the General Services Administration has “ascertained” that he is the apparent winner of this month's presidential election.
Report: Mobile fingerprinting a core tool in US deportations
BOSTON (AP) — A mobile fingerprinting app U.S. immigration agents use to run remote ID checks in the field has become a core tool in President Donald Trump’s deportation crackdown, a pair of immigration rights groups say in a new report based on a Freedom of Information Act lawsuit.
GM flips to California's side in pollution fight with Trump
DETROIT (AP) — General Motors is switching sides in the legal fight against California's right to set its own clean-air standards, abandoning the Trump administration as the president's term nears its close.