Financial services

FILE - In this Oct. 13, 2019, file photo, Illinois Gov. J.B. Pritzker, left, talks with RJ Scaringe, CEO of Rivian Automotive, about the company's innovative electric vehicle chassis called a "skateboard" during Rivian's public rollout of its new prototype vehicles in Normal, Ill. Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Ill. (David Proeber/The Pantagraph via AP, File)
July 10, 2020 - 11:04 am
DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in...
Read More
FILE - In this Sept. 2, 2019 file photo, logs are stacked at a lumber mill surrounded by recently charred and deforested fields near Porto Velho, Rondonia state, Brazil. Dozens of Brazilian corporations are calling for a crackdown on illegal logging in the Amazon rainforest, expressing their concerns in a letter Tuesday, July 7, 2020, to the vice president, who heads the government's council on that region. (AP Photo/Andre Penner, File)
July 09, 2020 - 2:45 pm
RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush. Vice President Hamilton Mourão, who heads the...
Read More
A hospital staff walks past rows of beds at a makeshift COVID-19 care center at an indoor sports stadium in New Delhi, India, Wednesday, July 8, 2020. India has overtaken Russia to become the third worst-affected nation by the coronavirus pandemic. (AP Photo/Altaf Qadri)
July 08, 2020 - 10:09 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: Choice Hotels is confident that its...
Read More
A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out. (AP Photo/Nati Harnik)
July 07, 2020 - 4:13 pm
NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,...
Read More
FILE - This Sept. 15, 2019, file photo shows The Greenbrier resort nestled in the mountains in White Sulphur Springs, W.Va. At least six of billionaire West Virginia Gov. Jim Justice family entities received the Paycheck Protection Program loans, meant to keep small businesses afloat during the coronavirus pandemic, including the governor’s lavish resort The Greenbrier, as well as The Greenbrier Sporting Club, an exclusive members-only club linked to the resort. (AP Photo/Steve Helber, File)
July 06, 2020 - 5:54 pm
COLUMBUS, Ohio (AP) — Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19's effect on the economy, data released Monday show. The governors of at least seven...
Read More
FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)
July 06, 2020 - 2:53 pm
NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ____ West Virginia Gov. Jim Justice’s family companies...
Read More
FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill. Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that had been set to expire last week still has more than $130 billion left after giving out more than 4.8 million loans since its April 3 start. (AP Photo/Nam Y. Huh, File)
July 06, 2020 - 12:08 pm
NEW YORK (AP) — Small businesses can still get help from the government’s coronavirus relief plan after Congress extended the Paycheck Protection Program until Aug. 8. The program that was set to expire Tuesday still has nearly $132 billion left after giving out more than 4.8 million loans since it...
Read More
File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 05, 2020 - 7:47 am
BERLIN (AP) — Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the...
Read More
July 03, 2020 - 1:10 pm
KYIV, Ukraine (AP) — Ukraine’s parliament on Friday accepted the resignation of the country’s top banker, who has stepped down citing political pressure. National Bank head Yakiv Smolii submitted his letter of resignation Wednesday, pointing at “systematic political pressure” as the reason for his...
Read More
FILE - In this May 22, 2020, file photo, the Federal Reserve building is viewed in Washington. Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic. The minutes of the June 9-10 discussions that were made public Wednesday, July 1, 2020, show officials grappling with economic disruptions that had already occurred. (AP Photo/Patrick Semansky, File)
July 01, 2020 - 3:50 pm
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 post-World War II period. The minutes of the June 9-10...
Read More

Pages