Business

FILE- This May 1, 2018, file photo shows Merck corporate headquarters in Kenilworth, N.J. Surging sales of cancer medicines and reduced spending helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter. The drugmaker on Friday, July 31, 2020, increased its financial forecast for the year, all while it’s investing in development of two experimental vaccines and a possible treatment for COVID-19. (AP Photo/Seth Wenig, File)
October 27, 2020 - 9:34 am
Drugmaker Merck, bouncing back from a $1.6 billion hit from the coronavirus pandemic in the second quarter, boosted its third-quarter profit by 55% and blew past Wall Street expectations. The strong result was due to sales slightly higher than a year ago, plus restrained spending and a one-time...
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FILE - In this Jan. 20, 2011, file photo, AMD chips are displayed at the Micro Center computer store in Santa Clara, Calif. AMD is buying processing platform developer Xilinx in an all-stock deal valued at $35 billion. (AP Photo/Paul Sakuma, File)
October 27, 2020 - 9:02 am
SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry. The deal announced Tuesday puts AMD in a place it wants to be;...
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FILE - In this Sept. 20, 2019, file photo, Maurine Carter works on the wiring of a stove in LaFayette, Ga. Orders to American factories for big-ticket goods rebounded last month from a disastrous April as the U.S. economy began to slowly reopen. The Commerce Department said that orders for manufactured goods meant to last at least three years shot up 15.8% in May after plunging 18.1% in April.(Erin O. Smith/Chattanooga Times Free Press via AP, File)
October 27, 2020 - 8:41 am
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well. The uptick in orders followed a smaller 0.4% increase in August and was the best gain since...
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UAE Minister of State for Food and Water Security Mariam al-Muhairi, left, receives a gift from Erel Margalit, founder and chairman of Jerusalem Venture Partners, JVP, at the headquarter of the Government Accelerators in Dubai, United Arab Emirates, Tuesday, Oct. 27, 2020. Another plane full of Israeli business people excited about their newfound access to the UAE has touched down in Dubai this week. It's the latest whirlwind trip seeking to cash in on a U.S.-brokered deal to normalize relations between the countries. (AP Photo/Kamran Jebreili)
October 27, 2020 - 8:08 am
DUBAI, United Arab Emirates (AP) — Another plane full of Israeli business people excited about their newfound access to the United Arab Emirates touched down in Dubai this week, the latest whirlwind trip seeking to cash in on a U.S.-brokered deal to normalize relations between the countries. But...
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FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. home prices rose in April for the eighth straight month, even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real estate values. The S&P CoreLogic Case-Shiller 20-city home price index climbed 4% in April, the largest gain since December 2018, up from 3.9% in March. (AP Photo/Steven Senne, File)
October 27, 2020 - 8:02 am
WASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the American housing market remains strong despite economic fallout from the coronavirus pandemic. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, showed that home prices climbed 5.2...
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In this Friday, Oct. 23, 2020, photo, the figure of the Ant Group's mascot is displayed at the office in Hong Kong. The world's largest fintech company, China's Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. (AP Photo/Kin Cheung)
October 27, 2020 - 8:00 am
HONG KONG (AP) — Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- shopping in a mall, buying stuff online or transferring money to friends. “Now when I go...
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FILE - This is an April 26, 2017, file photo showing Eli Lilly corporate headquarters in Indianapolis. Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients. The drugmaker said Tuesday, Oct. 27, 2020, that It remains confident that its drug may stop COVID from developing in other patients. (AP Photo/Darron Cummings, File)
October 27, 2020 - 7:43 am
INDIANAPOLIS (AP) — Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients. The drugmaker said Tuesday it remains confident that its drug may stop COVID from developing in other patients. Researchers are still studying the...
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Pfizer signs are seen out front of the Pfizer Research & Development Laboratories Wednesday, July 22, 2020, in Groton, Conn. Pfizer on Tuesday, July 28, reported a 32% plunge in second-quarter profit, as the global coronavirus pandemic limited marketing of and new prescriptions for its medicines. Still, the biggest U.S. drugmaker posted a solid profit and nudged up parts of its 2020 financial forecast. (AP Photo/Stew Milne)
October 27, 2020 - 6:49 am
Drugmaker Pfizer saw its third-quarter profit plunge 71%, mainly due to an $8.1 billion gain a year earlier from selling its consumer health care business to a GlaxoSmithKline joint venture, but managed to top Wall Street expectations. Meanwhile, the New York-based company on Tuesday said...
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An employee closes his cafeteria before curfew in Barcelona on Monday, Oct. 26, 2020. Spain orders nationwide curfew to stem worsening outbreak. Spanish Prime Minister Pedro Sánchez has declared a second nationwide state of emergency in hopes of stemming a resurgence in coronavirus infections. (AP Photo/Emilio Morenatti)
October 27, 2020 - 6:45 am
MADRID (AP) — The Spanish government plans to increase taxes on big corporations and the wealthy and use 27 billion euros ($31.8 billion) in European grants as it tries to reverse one of the deepest coronavirus-related slumps among developed economies. The country is grappling with a resurgence of...
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FILE - In this May 16, 2007, file photo, a Taiwanese navy frigate launches a "Harpoon" surface-to-surface missile during the second day of the annual Hankuang military exercises off Ilan, central eastern coast of Taiwan. The State Department says it has notified Congress of plans for a $2.37 billion sale of Harpoon attack missiles to Taiwan, a move likely to anger China. The announcement on Oct. 26, 2020, came just hours after China said it will sanction Boeing Co.’s defense unit, Lockheed Martin Corp. and other U.S. military contractors for supplying weapons to Taiwan.(AP Photo/Wally Santana, File)
October 27, 2020 - 1:45 am
TAIPEI, Taiwan (AP) — Taiwan said Tuesday that recent proposed of U.S. sales of missiles and other arms systems will boost the island’s ability to credibly defend itself, amid rising threats from China. The comments from defense ministry spokesperson Shih Shun-wen came a day after China said it...
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