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Dan Gilbert would keep control under Quicken Loans IPO

DETROIT (AP) — Quicken Loans would become part of Rocket Companies under an initial public stock offering that would keep founder Dan Gilbert in firm control. A filing Tuesday with the Securities and Exchange Commission said Gilbert would have...

 

New Mexico finally establishes alternative fuel corridors

SANTA FE, N.M. (AP) — New Mexico officials have announced that the Federal Highway Administration has designated the state's first alternative fuel corridors. The Las Cruces Sun-News reports the state's Energy, Minerals and Natural Resources...

 

Trump signs extension of COVID-relief fund for businesses

WASHINGTON (AP) — President Donald Trump on Saturday signed into law a temporary extension of a subsidy program for small businesses battered by the coronavirus, The legislation extends the June 30 deadline for applying for the program to Aug. 8.... Full story

 

Gig workers face shifting roles, competition in pandemic

NEW YORK (AP) — There were the two-hour, unpaid waits outside supermarkets when San Francisco first started to lock down, on top of the heavy shopping bags that had to be lugged up countless flights of stairs. And yet even after signing up for...

 

Uber buys Postmates, ups delivery game in $2.65 billion deal

SILVER SPRING, Md. (AP) — Uber has widened its reach in the fiercely competitive delivery market by acquiring Postmates in a $2.65 billion all-stock deal, the company said Monday. The acquisition enables the ride-hailing giant to increase its deliv...

 

Dana Canedy named as publisher at Simon & Schuster

LOS ANGELES (AP) — Dana Canedy will take on one of the biggest roles at Simon & Schuster. The New York-based publishing house announced Monday that Canedy has been named as senior vice president and publisher of the imprint — the first African...

 

Stocks rise on jobs data, S&P 500 ends week with solid gain

NEW YORK (AP) — Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic. The S&P 500 rose 0.5%, its fourth-straight...

 

Stocks close out best quarter since 1998 with more gains

Wall Street capped its best quarter since 1998 Tuesday with more gains, a fitting end to a stunning three months for investors as the market screamed back toward its record heights after a torrid plunge. The S&P 500 climbed 1.5%, bringing its gain...

 

Hollowed out public health system faces more cuts amid virus

The U.S. public health system has been starved for decades and lacks the resources to confront the worst health crisis in a century. Marshaled against a virus that has sickened at least 2.6 million in the U.S., killed more than 126,000 people and... Full story

 

House approves $1.5T plan to fix crumbling infrastructure

WASHINGTON (AP) — The Democratic-controlled House approved a $1.5 trillion plan Wednesday to rebuild the nation's crumbling infrastructure, pouring hundreds of billions of dollars into projects to fix roads and bridges, upgrade transit systems,...

 

Fed minutes show concerns about severity of downturn

WASHINGTON (AP) — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the...

 

The Latest: 371 tests positive at Missouri chicken plant

SPRINGFIELD, Mo. — Tyson Foods has announced that 371 employees at its chicken processing plant in the far southwestern corner of Missouri have tested positive for COVID-19. The company said in a news release Friday that it tested 1,142 employees...

 

Bar owners worry as virus surges in their workplaces

HOUSTON (AP) — The din of conversation and music that normally fills The Cottonmouth Club in downtown Houston fell silent last Friday when the owners shut it down for a second time during the coronavirus pandemic — a week before the Texas...

 

Average US gas price up 6 cents over 2 weeks to $2.22/gallon

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline increased by 6 cents over the past two weeks, to $2.22 per gallon. That's 51 cents below the average pump price from a year ago. Industry analyst Trilby Lundberg of the...

 

Richmond Fed chief: With outlook hazy, economy needs support

WASHINGTON (AP) — As president of the Federal Reserve Bank of Richmond since 2018, Tom Barkin is a member of the Fed's powerful committee that sets interest rates. The committee has been engaged this year in an extraordinary drive to support the...

 

Re-certification flights begin for Boeing 737 MAX

SEATTLE (AP) — A Boeing 737 MAX took off from a Seattle airport on Monday, the start of three days of re-certification test flights that mark a step toward returning the aircraft to passenger service. The Federal Aviation Administration test flight...

 

Powell says US economy facing heightened uncertainty

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is "extraordinarily uncertain" and the success of the recovery effort will depend in large part on the country's ability to contain the spread of the...

 

Trump wants federal hiring to focus on skills over degrees

WASHINGTON (AP) — President Donald Trump is preparing to direct the federal government to overhaul its hiring to prioritize a job applicant's skills over a college degree, administration and industry officials say. Trump is set to sign an...

 

Libya oil company: Russian mercenaries enter major oilfield

CAIRO (AP) — Russian and other foreign mercenaries have entered Libya's largest oil field, the country's National Oil Corporation said on Friday, describing the development as an attempt to thwart the resumption of halted oil production in the...

 

US to provide Cambodia with $56 million in development aid

PHNOM PENH, Cambodia (AP) — The United States has agreed to provide Cambodia with more than $56 million in development assistance, the two countries announced. The aid provides an opportunity to improve relations between the nations, which are...

 

Trump administration to give Congress full virus loan data

WASHINGTON (AP) — After prodding from Democratic lawmakers, the Trump administration has agreed to give Congress — but not the public — complete data on the millions of small businesses that received loans from a $600 billion-plus coronavirus...

 

Judge orders GM, Fiat Chrysler CEOs to meet, settle lawsuit

DETROIT (AP) — A federal judge took a remarkable step Tuesday by ordering the CEOs of General Motors and Fiat Chrysler to meet and settle a lawsuit over whether one company got a competitive edge over the other when union leaders were showered...

 

Bayer paying up to $10.9B to settle Monsanto weedkiller case

BERLIN (AP) — Bayer said Wednesday that it will pay up to $10.9 billion to settle litigation over the weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer. Bayer said it was also paying up $1.22 billion to settle t...

 

US inmates got virus relief checks, and IRS wants them back

BOISE, Idaho (AP) — Hundreds of thousands of dollars in coronavirus relief payments have been sent to people behind bars across the United States, and now the IRS is asking state officials to help claw back the cash that the federal tax agency... Full story

 

Administration drops secrecy posture on small business aid

WASHINGTON (AP) — The Trump administration has abruptly dropped its insistence on secrecy for a $600 billion-plus coronavirus aid program for small businesses. The administration announced Friday it will publicly disclose the names of recipients...

 

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