Business Stories from February 4, 2021 (Change date)
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Denmark to build North Sea island to serve as wind power hubFeb 04, 2021 6:00 am - COPENHAGEN, Denmark (AP) - Denmark has agreed to build an island in the North Sea that would gather and distribute electricity from wind energy farms. The 210-billion kr...
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Boeing to outsource IT work to Dell, eliminate 600 jobsFeb 04, 2021 6:00 am - SEATTLE (AP) - Boeing Co. has said it will outsource a significant amount of information technology work to Dell starting in April, including support of cloud services, ...
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Grocery industry suing Seattle over new hazard-pay lawFeb 04, 2021 6:00 am - SEATTLE (AP) - Two grocery industry trade groups have filed a lawsuit against the city of Seattle over its new law mandating $4 an hour pay raises for grocery stores. T...
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Deutsche Bank makes profit on cost cuts, trading incomeFeb 04, 2021 6:00 am - FRANKFURT, Germany (AP) - Deutsche Bank made a profit of 624 million euros ($748 million) during the pandemic year 2020 as bond trading revenues grew and the German bank...
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US regulators launch review of stock market turbulenceFeb 04, 2021 6:00 am - WASHINGTON (AP) - The nation's top financial markets regulators say they will look into whether recent stock market turbulence is an indication that current trading prac...
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Asian shares rise amid hopes for global economic reboundFeb 04, 2021 6:00 am - TOKYO (AP) - Asian shares rose Friday, echoing a rally on Wall Street, as hopes grew for a gradual global economic recovery from the damage of the coronavirus pandemic. ...
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Mexico vows to press ahead to favor state-owned utilityFeb 04, 2021 6:00 am - MEXICO CITY (AP) - Mexico vowed Thursday to continue with attempts to limit private power generation after the Supreme Court ruled against President Andrés Manuel Lópe...
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Biden team pitches US on big virus aid as Senate starts workFeb 04, 2021 6:00 am - WASHINGTON (AP) - As senators launched an all-night session Thursday to lay groundwork for President Joe Biden's $1.9 trillion COVID-19 relief package, the White House ...
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US unemployment claims fall to 779,000 but job cuts grind onFeb 04, 2021 6:00 am - WASHINGTON (AP) - The number of Americans seeking unemployment benefits declined to 779,000 last week, a still-historically high total that shows that a sizable number o...
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US productivity fell sharply in Q4 while labor costs roseFeb 04, 2021 6:00 am - WASHINGTON (AP) - U.S. productivity fell sharply in the October-December quarter while labor costs rose. The Labor Department reported Thursday that productivity dropped...