Business Stories from October 21, 2020 (Change date)
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CSX profit falls 14% but railroad announces $5B buybackOct 21, 2020 7:00 am - OMAHA, Neb. (AP) - CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the...
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From Detroit to Oakland, pandemic threatens urban renewalOct 21, 2020 7:00 am - DETROIT (AP) - Downtown Detroit was returning to its roots as a vibrant city center, motoring away from its past as the model of urban ruin. Then the pandemic showed up,...
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Closing prices for crude oil, gold and other commoditiesOct 21, 2020 7:00 am - Benchmark U.S. crude oil for December delivery fell $1.67 cents to $40.03 a barrel Wednesday. Brent crude oil for December delivery fell $1.43 to $41.73 a barrel. Wholes...
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Fortunes of China's internet tycoons soar amid pandemicOct 21, 2020 7:00 am - BEIJING (AP) - Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China's richest tycoon this year as surging demand for online shopping and other ser...
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Asian stocks follow Wall Street lower on lack of US aid planOct 21, 2020 7:00 am - BEIJING (AP) - Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid pl...
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ILO says garment industry should do more to help workersOct 21, 2020 7:00 am - MITO, Japan (AP) - The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as factories close ...
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China's BYD, Japan's Hino announce electric truck ventureOct 21, 2020 7:00 am - BEIJING (AP) - Chinese electric car brand BYD Auto and Japanese truck maker Hino Motors said Wednesday they are jointly setting up a company to develop battery-powered t...
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Short-video app Quibi shutting down just months after launchOct 21, 2020 7:00 am - Short-video app Quibi said it is shutting down just six months after its early April launch, having struggled to find customers. The company said Wednesday that it wou...
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Man United's revenue drops, debts rise amid pandemicOct 21, 2020 7:00 am - MANCHESTER, England (AP) - Manchester United's revenue dropped by almost a fifth because the team did not play in the Champions League and because it was forced to close...
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UK government borrowing rises to record due to pandemicOct 21, 2020 7:00 am - LONDON (AP) - The U.K. government's borrowing rose to the highest level on record in the first half of the financial year as tax revenue fell and authorities spent billi...