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Current and former executives at chicken producer Pilgrim's Pride have been indicted on federal price-fixing charges

The Associated Press  |  Posted Jun 3rd - 11:29am

Current and former executives at chicken producer Pilgrim's Pride have been indicted on federal price-fixing charges.

Update on the latest business

The Associated Press  |  Posted Jun 3rd - 11:07am

Stocks are rising again on optimism that the economy can climb out of its current hole more quickly than earlier feared.

Tourist towns balance fear, survival in make-or-break summer

Gillian Flaccus, Associated Press  |  Posted Jun 3rd - 9:00am

As the coronavirus raced across America, this quaint seaside town did what would normally be unthinkable for a tourist destination.

Grains mostly higher,livestock lower.

The Associated Press  |  Posted Jun 3rd - 8:55am

Grain futures were mostly higher on Wednesday in early trading on the Chicago Board of Trade. Wheat for July delivery gained 4.40 cents at $5.1460 a bushel; July corn fell 2 cents at $3.2240 a bushel; July oats rose 3 cents at $3.31 a bushel; while May soybeans was up .60 cent at 8.5460 a bushel.

Trump administration moves to block Chinese airlines from US

The Associated Press  |  Posted Jun 3rd - 8:47am

The Trump administration moved Wednesday to block Chinese airlines from flying to the U.S. in an escalation of trade and travel tensions between the two countries.

Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June

The Associated Press  |  Posted Jun 3rd - 8:40am

Trump administration to block Chinese passenger airlines from traveling to US starting in mid-June.

US service sector contracts for second month in May

Martin Crutsinger, Associated Press  |  Posted Jun 3rd - 8:33am

The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country.

Dollar mixed

The Associated Press  |  Posted Jun 3rd - 8:15am

The U.S. dollar is mixed against other North American currencies in New York trading.

Rescued migrants stranded on chartered Maltese tourist boats

Frances D'Emilio and Rene Rossignaud, Associated Press  |  Posted Jun 3rd - 7:03am

More than 400 migrants are living aboard pleasure cruise vessels bobbing in the sea off Malta, many of them for weeks now. But for them, it's no pleasure, only uncertainty over their fate and they aren’t cruising anywhere.

Syria says new wave of US sanctions is 'economic terrorism'

The Associated Press  |  Posted Jun 3rd - 6:50am

The Syrian government condemned Wednesday a new wave of U.S. sanctions against the country, calling the measures “economic terrorism” that will increase the suffering of the Syrian people.

Bank of England reminds banks of 'no deal' Brexit risk

Pan Pylas, Associated Press  |  Posted Jun 3rd - 6:42am

The Bank of England is reminding British banks to prepare for the possibility that the U.K. and the European Union will fail to agree on a trade deal by the end of the year, amid few signs of progress in discussions between the two sides.

Survey: 2.76 million layoffs in May, far fewer than expected

Josh Boak, Associated Press  |  Posted Jun 3rd - 6:24am

U.S. businesses shed 2.8 million jobs in May, significantly less than the 9.3 million job losses that were expected.

Scientist defends Sweden's hotly debated virus strategy

David Keyton and Jan M. Olsen, Associated Press  |  Posted Jun 3rd - 6:24am

Sweden's chief epidemiologist on Wednesday defended his country's controversial coronavirus strategy, which avoided a lockdown but resulted in one of the highest per capita COVID-19 death rates in the world.

Italy opens borders ahead of neighbors, still eyed warily

Colleen Barry, Andrea Foa and Geir Moulson, Associated Press  |  Posted Jun 3rd - 6:09am

Italy officially ended its long coronavirus lockdown Wednesday, opening regional and international borders in a bid to boost summer tourism, but found itself alone as European neighbors viewed the move as premature and remained wary of visitors from Italy.

Germany seeks 5-fold increase in offshore wind power by 2040

The Associated Press  |  Posted Jun 3rd - 5:36am

The German government wants to increase offshore wind power capacity five-fold by 2040 as part of its plan to wean the country off fossil fuels.

Pandemic brings 1st Australian recession in 29 years

The Associated Press  |  Posted Jun 3rd - 3:16am

The coronavirus pandemic pushed Australia’s economy into recession for the first time in 29 years in the first quarter of the year, and the situation is expected to get worse.

European jobless rate up modestly, Germany mulls stimulus

The Associated Press  |  Posted Jun 3rd - 2:33am

Europe's unemployment rate ticked up modestly last month, contained by use of labor programs that have kept millions of workers on payrolls and as some people stopped looking for work, official data showed Wednesday.

Update on the latest in business:

The Associated Press  |  Posted Jun 3rd - 1:48am

Asian shares rose today after Wall Street extended its gains for a third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.

In COVID-19 darkness, gift of a `Moment of Light' to museum

Raf Casert and Aleksandar Furtula, Associated Press  |  Posted Jun 3rd - 1:28am

If not for the pandemic, Amsterdam’s Rijksmuseum would have missed out on a classic Dutch 16th century painting it so badly craved.