Financial services

July 01, 2020 - 2:54 pm
RALEIGH, N.C. (AP) — Government health insurance provider Centene Corp. said on Wednesday it will build an East Coast campus in Charlotte, North Carolina, developing a $1 billion construction project that's expected to create more than 3,200 new jobs by 2032. Gov. Roy Cooper described the expansion...
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Striking shipbuilders picket outside an entrance to Bath Iron Works, Monday, June 22, 2020, in Bath, Maine. The vast majority of picketers did not wear pandemic facemarks. (AP Photo/Robert F. Bukaty)
June 30, 2020 - 2:57 pm
PORTLAND, Maine (AP) — The stakes are growing in a strike against Navy shipbuilder Bath Iron Works during a global pandemic as company-provided health insurance is running out for 4,300 shipbuilders who've left their jobs. Striking workers from Machinists Union Local S6 will be responsible for...
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June 29, 2020 - 6:10 pm
WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants to borrow funds so he can expand. Yet so far, a Federal Reserve lending program set...
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June 29, 2020 - 11:36 am
BRUSSELS (AP) — The European Union on Monday prolonged economic sanctions against Russia for six months for failing to live up to its commitments to the peace agreement in Ukraine. The measures target Russia’s financial, energy and defense sectors, as well as goods that can be used for both...
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FILE - In this Oct. 14, 2019, file photo a Bank of America logo is attached to the exterior of the Bank of America Financial Center building in Boston. The Federal Reserve said on Thursday, June 25, 2020, a worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause nation’s 34 largest banks to collectively lose roughly $700 billion. To bolster the banks ahead such a potentially damaging recession, the Fed ordered the banks to suspend stock buybacks and dividend payouts until Sept. 30. (AP Photo/Steven Senne)
June 25, 2020 - 11:38 pm
NEW YORK (AP) — A worst-case scenario for the U.S. economy ravaged by the coronavirus pandemic would cause the nation’s 34 largest banks to collectively lose roughly $700 billion, the Federal Reserve said Thursday. To bolster the banks ahead of such a potentially damaging recession, the Fed ordered...
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FILE - This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve and four other bank regulatory agencies announced on Thursday, June 25, that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.(AP Photo/Patrick Semansky, File)
June 25, 2020 - 1:59 pm
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “...
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FILE - In this Oct. 23, 2019 file photo, developer Danny Gaekwad talks about the roof top bar on his Hilton Garden Inn hotel that is presently under construction in Ocala, Fla. Since the coronavirus crisis started, hotel owners say they are struggling to get relief on a type of loan that Wall Street investors buy. [Doug Engle/Ocala Star-Banner via AP)
June 25, 2020 - 10:20 am
ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that followed lockdowns and travel restrictions in March to stop the spread of the new...
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House Speaker Nancy Pelosi of Calif., speaks during news conference unveiling the Patient Protection and Affordable Care Enhancement Act on Capitol Hill in Washington on Wednesday, June 24, 2020. (AP Photo/Manuel Balce Ceneta)
June 24, 2020 - 4:04 pm
WASHINGTON (AP) — Flicking a dismissive jab at President Donald Trump, House Speaker Nancy Pelosi unveiled a plan Wednesday to expand “Obamacare," even as Trump's administration is about to file arguments in a Supreme Court case to strike it down. Pelosi announced an upcoming floor vote on her...
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Health and Human Services Secretary Alex Azar speaks during a roundtable with President Donald Trump about America's seniors, in the Cabinet Room of the White House, Monday, June 15, 2020, in Washington. (AP Photo/Evan Vucci)
June 24, 2020 - 10:42 am
WASHINGTON (AP) — The Trump administration won a court ruling Tuesday upholding its plan to require insurers and hospitals to disclose the actual prices for common tests and procedures in a bid to promote competition and push down costs. Health and Human Services Secretary Alex Azar called the...
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FILE - In this March 19, 2020 file photo, a deserted construction site is pictured in Dardilly, near Lyon, central France. The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday. (AP Photo/Laurent Cipriani, File)
June 24, 2020 - 9:01 am
WASHINGTON (AP) — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9% this year,...
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