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Samsung projects 23% jump in 2Q profit on strong chip sales

The Associated Press  |  Posted Jul 6th - 7:28pm

Samsung Electronics Co. said Tuesday its operating profit for the last quarter likely rose 23% from the same period last year, helped by robust demand for memory chips used in personal computers and servers as the coronavirus pandemic has more people working from home.

Nevada court considering Wynn defamation claim against AP

Ken Ritter, Associated Press  |  Posted Jul 6th - 6:33pm

The Nevada Supreme Court was asked Monday to reinstate a defamation lawsuit against The Associated Press and an AP reporter based on a story about accounts to Las Vegas police from two women who alleged sexual misconduct by former casino mogul Steve Wynn.

Seattle City Council approves new tax on big business

Lisa Baumann, Associated Press  |  Posted Jul 6th - 6:22pm

The Seattle City Council on Monday approved adopting a new tax on large businesses, two years after the council repealed a big business tax amid pressure from corporations such as Amazon and the prospect of a voter referendum.

California Assembly delays session after virus outbreak

Adam Beam and Don Thompson, Associated Press  |  Posted Jul 6th - 5:56pm

A coronavirus outbreak in the California Legislature has indefinitely delayed the state Assembly’s return to work from a scheduled summer recess, highlighting the rapid spread of the virus in a state that has imposed new restrictions on bars and restaurants following a surge of cases and hospitalizations.

Court overturns order to have GM, Fiat Chrysler chiefs meet

The Associated Press  |  Posted Jul 6th - 5:43pm

An appeals court on Monday said the CEOs of General Motors and Fiat Chrysler don't have to meet to settle a lawsuit between the two automakers.

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Christopher Rugaber, Associated Press  |  Posted Jul 6th - 5:14pm

The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected.

US Supreme Court deals blow to Keystone oil pipeline project

Matthew Brown, Associated Press  |  Posted Jul 6th - 5:00pm

The U.S. Supreme Court handed another setback to the Keystone XL oil sands pipeline from Canada on Monday by keeping in place a lower court ruling that blocked a key environmental permit for the project.

Executive turmoil at Essence, Ebony magazines prompt changes

David Bauder, Associated Press  |  Posted Jul 6th - 4:45pm

Two storied magazines that focus on news and culture in the Black community, Essence and Ebony, are in the midst of turmoil at their top levels.

NHL, players' union announce plan to resume play on Aug. 1

John Wawrow and Stephen Whyno, Associated Press  |  Posted Jul 6th - 4:16pm

which will now run through the end of the 2025-26 season — was considered a necessary step toward hockey returning this summer amid the COVID-19 pandemic. Details of the CBA extension were not revealed.

Dana Canedy named as publisher at Simon & Schuster

Jonathan Landrum Jr., Associated Press  |  Posted Jul 6th - 4:07pm

Dana Canedy will take on one of the biggest roles at Simon & Schuster.

Theater union OKs 2 plans to return to post-virus live shows

Mark Kennedy, Associated Press  |  Posted Jul 6th - 3:42pm

The national labor union representing stage actors and managers has given the go-ahead for two Massachusetts theaters to resume theatrical performances, offering potential road maps for the national return to live performances.

Governors' companies among recipients of virus relief loans

Julie Carr Smyth, Associated Press  |  Posted Jul 6th - 3:34pm

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.

Georgia sub shop workers fired for making bread dough noose

The Associated Press  |  Posted Jul 6th - 3:34pm

Four employees of a Georgia sandwich shop were fired after making a noose out of bread dough and filming themselves playing with it.

PM Prep-Segue

Oscar Wells Gabriel Ii, Associated Press  |  Posted Jul 6th - 1:57pm

The man who brought us the saga of a boy taking on — and defeating — the devil in a fiddle match has died. Charlie Daniels died today at a hospital in Tennessee. He was 83. His publicist says Daniels' doctors say he had a stroke. He's best known for his fiddle-heavy 1979 hit, “Devil Went Down to Georgia." The original lyrics had a victorious Johnny call the devil a “son of a bitch” after his showdown. But Daniels later toned it down to “son of a gun.” Among his career highlights were playing at the White House, at the Super Bowl — and playing often for U.S. troops in the Middle East.

NY count: 6,300 virus patients were sent to nursing homes

Marina Villeneuve and Jennifer Peltz, Associated Press  |  Posted Jul 6th - 1:15pm

New York hospitals released more than 6,300 recovering coronavirus patients into nursing homes during the height of the pandemic under a controversial, now-scrapped policy, state officials said Monday, but they argued it was not to blame for one of the nation's highest nursing home death tolls.

France: Macron ousts security chief after police protests

Sylvie Corbet and Angela Charlton, Associated Press  |  Posted Jul 6th - 11:23am

French President Emmanuel Macron ousted his top security official Monday following protests over police brutality, as part of a government shakeup aimed at focusing on France’s post-pandemic economic recovery for the remaining two years of Macron’s term.

Update on the latest in business:

The Associated Press  |  Posted Jul 6th - 11:07am

Wall Street is joining a worldwide upswell for markets, as stocks push higher on hopes that the economy can continue its turnaround despite all the challenges ahead of it.

UK sanctions Russians, Saudis under new Magnitsky powers

The Associated Press  |  Posted Jul 6th - 10:53am

Britain on Monday announced economic sanctions against individuals and organizations from Russia, Saudi Arabia, Myanmar and North Korea under new U.K. powers to punish human rights offenders.

Denise Richards details return to set on 'Bold' amid virus

Alicia Rancilio, Associated Press  |  Posted Jul 6th - 10:49am

When Denise Richards returned to the set of CBS' “The Bold and the Beautiful" last week after the pandemic shutdown filming for three months, a detailed, specific plan was in place to keep everyone safe.