Financial services

FILE - This Oct. 16, 2012, file photo, shows a portion of the UnitedHealth Group Inc.'s campus in Minnetonka, Minn. UnitedHealth Group reports financial results Wednesday, Jan. 15, 2020. (AP Photo/Jim Mone, File)
July 15, 2020 - 6:46 am
The nation’s largest health insurer more than doubled its profit in the second quarter, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables. UnitedHealth Group Inc. earned $6.64 billion in the three-month window that ended June 30, with adjusted earnings totaling $7...
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July 14, 2020 - 7:34 am
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses from all the businesses and consumers who are unable to pay their debts due to the...
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FILE - In this April 14, 2020, file photo FDNY firefighters gather to applaud medical workers as attending physician Mollie Williams, left, wears personal protective equipment due to COVID-19 concerns outside Brooklyn Hospital Center in New York. Essential workers are lauded for their service and hailed as everyday heroes. But in most states nurses, first responders and frontline workers who get COVID-19 on the job have no guarantee they'll qualify for workers' comp to cover lost wages and medical care. (AP Photo/John Minchillo, File)
July 11, 2020 - 7:34 am
WASHINGTON (AP) — Lauded for their service and hailed as everyday heroes, essential workers who get the coronavirus on the job have no guarantee in most states they'll qualify for workers' compensation to cover lost wages and medical care. Fewer than one-third of the states have enacted policies...
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July 10, 2020 - 2:48 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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FILE - In this Oct. 13, 2019, file photo, Illinois Gov. J.B. Pritzker, left, talks with RJ Scaringe, CEO of Rivian Automotive, about the company's innovative electric vehicle chassis called a "skateboard" during Rivian's public rollout of its new prototype vehicles in Normal, Ill. Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Ill. (David Proeber/The Pantagraph via AP, File)
July 10, 2020 - 11:04 am
DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in...
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FILE - In this Sept. 2, 2019 file photo, logs are stacked at a lumber mill surrounded by recently charred and deforested fields near Porto Velho, Rondonia state, Brazil. Dozens of Brazilian corporations are calling for a crackdown on illegal logging in the Amazon rainforest, expressing their concerns in a letter Tuesday, July 7, 2020, to the vice president, who heads the government's council on that region. (AP Photo/Andre Penner, File)
July 09, 2020 - 2:45 pm
RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush. Vice President Hamilton Mourão, who heads the...
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A hospital staff walks past rows of beds at a makeshift COVID-19 care center at an indoor sports stadium in New Delhi, India, Wednesday, July 8, 2020. India has overtaken Russia to become the third worst-affected nation by the coronavirus pandemic. (AP Photo/Altaf Qadri)
July 08, 2020 - 10:09 am
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: Choice Hotels is confident that its...
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A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out. (AP Photo/Nati Harnik)
July 07, 2020 - 4:13 pm
NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,...
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FILE - This Sept. 15, 2019, file photo shows The Greenbrier resort nestled in the mountains in White Sulphur Springs, W.Va. At least six of billionaire West Virginia Gov. Jim Justice family entities received the Paycheck Protection Program loans, meant to keep small businesses afloat during the coronavirus pandemic, including the governor’s lavish resort The Greenbrier, as well as The Greenbrier Sporting Club, an exclusive members-only club linked to the resort. (AP Photo/Steve Helber, File)
July 06, 2020 - 6:56 pm
COLUMBUS, Ohio (AP) — Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19's effect on the economy, data released Monday show. The governors of at least eight...
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FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)
July 06, 2020 - 2:53 pm
NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ A Northern California-based winery and hospitality...
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