Business News

A currency trader talks near the screens showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rates at the foreign exchange dealing room in Seoul, South Korea, Wednesday, May 27, 2020. Major Asian stock markets have declined as US-Chinese tension over Hong Kong competes with optimism about recovery from the coronavirus pandemic. (AP Photo/Lee Jin-man)
AP News
May 27, 2020 - 2:44 pm
Stock indexes are broadly higher in afternoon trading on Wall Street Wednesday, as hopes for a coming economic revival turn the market's leaderboard upside down. Banks and retailers were posting strong gains on hopes that life can inch back toward normal as governments relax stay-at-home orders,...
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WWL AP Feed General
May 27, 2020 - 1:57 pm
WASHINGTON (AP) — The Federal Reserve detailed Wednesday what most of the nation is already acutely aware of: Economic activity fell sharply around the country in April and May as measures to combat the spread of the coronavirus outbreak took hold. Drawing on reports from its 12 regions, the Fed...
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This photo combo shows from left, Lisa Su, president and CEO of AMD, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, General Motors Chairman and Chief Executive Officer Mary Barra, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)
May 27, 2020 - 12:10 pm
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation. Median pay for CEOs in the survey climbed 4.1% last year. For the typical...
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This photo combo shows from left, Lisa Su, president and CEO of AMD, David M. Zaslav, President and Chief Executive Officer of Discovery Communications, General Motors Chairman and Chief Executive Officer Mary Barra, Walt Disney Company Chairman and CEO Robert A. Iger and Netflix Founder and CEO Reed Hastings. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.  (AP Photo/File)
May 27, 2020 - 11:30 am
Here are the highest paid male and female CEOs in the S&P 500 index for 2019, as calculated by The Associated Press and Equilar, an executive data firm. The AP’s compensation study covered 329 executives at S&P 500 companies who have served at least two full consecutive fiscal years at...
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FILE - In this March 17, 2020, file photo, people wait in line for help with unemployment benefits at the One-Stop Career Center in Las Vegas. The coronavirus pandemic has been particularly brutal to the tourism-dependent economies of Nevada and Hawaii, lifting the unemployment rate in both states to about one-quarter of the workforce. (AP Photo/John Locher, File)
AP News
May 27, 2020 - 10:46 am
GENEVA (AP) — Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old father of two has been out of work ever since. “I am suffering a lot without work. I feel...
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This photo shows a sign at the headquarters for Washington state's Employment Security Department Tuesday, May 26, 2020, at the Capitol in Olympia, Wash. Washington state's rush to get unemployment benefits to residents who lost jobs due to the coronavirus outbreak left it vulnerable to criminals who made off with hundreds of millions of dollars in fraudulent claims. (AP Photo/Ted S. Warren)
May 27, 2020 - 10:42 am
SEATTLE (AP) — The first word Seattle political consultant Dayna Lurie had that someone filed for unemployment benefits in her name was when her boss called. “Did you quit without telling me?" he asked. “We got an unemployment form from the state of Washington saying you don't work here anymore.”...
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FILE - In this May 1, 2019 photo, Lisa Su, president and CEO of AMD, attends the opening bell at Nasdaq, in New York. The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million in 2019, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compensation.   (AP Photo/Mark Lennihan, File)
May 27, 2020 - 10:34 am
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the company's stock during her five years as CEO. The median pay for women on the list was $...
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A man and a woman demonstrate dining under a plastic shield Wednesday, May 27, 2020 in a restaurant of Paris. As restaurants in food-loving France prepare to reopen, some are investing in lampshade-like plastic shields to protect diners from the virus. The strange-looking contraptions are among experiments restaurants are trying around the world as they try to lure back clientele while keeping them virus-free. (AP Photo/Thibault Camus)
May 27, 2020 - 9:54 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL & LEISURE: Viral videos out of places...
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European Commission President Ursula von der Leyen, right, gestures hello to an MEP prior to addressing the European Parliament plenary in Brussels, Wednesday, May 27, 2020. The European Union is to unveil Wednesday a massive coronavirus recovery plan worth hundreds of billions of euros to help countries rebuild their ailing economies, but the bloc remains deeply divided over what conditions should be attached to the funds. (AP Photo/Olivier Matthys)
May 27, 2020 - 9:42 am
BRUSSELS (AP) — The European Union proposed Wednesday a 750 billion-euro ($825 billion) recovery fund to help countries weather a painful recession triggered by the coronavirus and bridge divisions over the conditions that should be attached for access to the money. The fund, to be mostly made up...
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FILE - In this Aug. 16, 2019, file photo the logo for General Electric appears above a trading post on the floor of the New York Stock Exchange. GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. GE Chairman and CEO H. Lawrence Culp, Jr. said in a statement Wednesday, May 27, 2020, that the transaction is part of GE's ongoing process to be a more focused industrial company. (AP Photo/Richard Drew, File)
May 27, 2020 - 7:58 am
BOSTON (AP) — GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. General Electric Co. Chairman and CEO H. Lawrence Culp Jr. said in a statement Wednesday that the transaction is part of GE's ongoing process to be a more focused industrial company. The...
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