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Unemployment payments backlog draws hundreds to Kentucky's capital

Hundreds of people who lost jobs during the coronavirus crisis but have been unable to get their unemployment insurance checks converged at the Kentucky Capitol in Frankfort early Wednesday to seek in-person help.

Posted on 18 June 2020 | 2:02 pm

Lufthansa investor Thiele seeks talks with German government: Handelsblatt

Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, has reached out to Berlin politicians for talks, Handelsblatt said, the latest step in a standoff over the airline's 9 billion euro ($10.1 billion) bailout.

Posted on 18 June 2020 | 1:54 pm

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Posted on 18 June 2020 | 1:50 pm

Exclusive: Massive spying on users of Google's Chrome shows new security weakness

A newly discovered spyware effort attacked users through 32 million downloads of extensions to Google's market-leading Chrome web browser, researchers at Awake Security told Reuters, highlighting the tech industry's failure to protect browsers as they are used more for email, payroll and other sensitive functions.

Posted on 18 June 2020 | 1:48 pm

Tesla wants to start building a new U.S. vehicle plant this summer

Electric vehicle maker Tesla Inc wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week.

Posted on 18 June 2020 | 1:44 pm

S&P 500 muted as virus cases rise, jobless claims weigh

The S&P 500 was little changed on Thursday as coronavirus infections picked up again in parts of the United States and data showed an elevated level of weekly jobless claims, lending weight to predictions of a prolonged economic recovery.

Posted on 18 June 2020 | 1:36 pm

Trump to nominate lawyer Crenshaw to fill SEC Democratic commissioner slot

The White House announced on Thursday that President Donald Trump intends to nominate Caroline Crenshaw to fill a Democratic vacancy at the U.S. Securities and Exchange Commission (SEC).

Posted on 18 June 2020 | 1:28 pm

U.S. labor market improvement stalling; second wave of layoffs seen

The number of Americans filing for unemployment benefits fell last week, but the pace of decline has stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Posted on 18 June 2020 | 1:23 pm

LATAM Airlines says operations to plunge 50% by year's end

LATAM Airlines Chief Executive Roberto Alvo said on Thursday he expects the region´s largest carrier to be operating at half of pre-pandemic levels by the end of 2020, and that a full recovery was unlikely for at least 3-4 years.

Posted on 18 June 2020 | 1:23 pm

Ford's redesigned F-150 pickup will offer greater connectivity, sleeper seat

Ford Motor Co next week will show the next generation of its brawny F-150 pickup truck that offers a new sleeper-seat feature and over-the-air software updates in a machine Ford is counting on to help pay off coronavirus-related debts.

Posted on 18 June 2020 | 1:16 pm