U S housing starts fall in August amid gains
U S construction of new homes dropped 5.1 percent in August to a seasonally adjusted annual rate of 1.42 million, after July's 17.9 percent surge. Building permits slipped 0.9 percent to 1.47 million, with activity still 51.6 percent above April lows as economists foresee housing remaining a bright spot in a weak economy. Meanwhile U S sanctions targeted Lebanon based Arch Consulting and Meamar Construction for Hezbollah ties. Google pledges 1.2 billion in Nevada data centers and tax breaks totaling over 25 million, boosting investment in Henderson and Reno sites.
MENTIONED IN THIS ARTICLE
U.S
Commerce Department
U.S. Treasury
United States
Hezbollah
Lebanon
U.S. Department of the Treasury
Office of Foreign Assets Control
OFAC
Arch Consulting
Meamar Construction
Las Vegas
Henderson
Google
Tahoe Reno
Nevada
Steve Sisolak
Reno
Sisolak
State Office of Economic Development Board
Unemploy ment claims drop but remain near record highs
Washington reports 860000 new unemployment claims last week, with 12.6 million collecting traditional benefits as the pandemic keeps the economy fragile. Labor Department notes 10.6 million jobs added May through August but recovery remains slow amid ongoing COVID infections and stalled relief talks. Raytheon plans to cut over 15000 jobs across divisions. Airlines face large cuts as federal aid ends Sept 30, while a separate Pandemic Unemployment Assistance program for self employed and gig workers sees 659000 new claims last week.
MENTIONED IN THIS ARTICLE
Washington
U.S
Labor Department
Raytheon Technologies Corp
Pratt & Whitney
Collins Aerospace
Donald Trump
Nancy Vanden Houten
Oxford Economics
Charissa Ward
Disney
Hollywood Studios Resort
Orlando
Florida
Trump
Ward
Congress
Australia to amend law forcing Facebook Google to pay for news
Australia plans to amend its proposed News Media Bargaining Code to reassure Facebook and Google while keeping core aims. Rod Sims says final draft to be ready by early October and could reach Parliament in late October. Platforms warn of blocking content or worse search outcomes. An arbitrator would still resolve price disputes if talks fail.
MENTIONED IN THIS ARTICLE
Australia
Facebook
Google
Canberra
Fair Trade
Rod Sims
Australian Competition and Consumer Commission
Google Search
YouTube
Sims
U.S
The
Australia Institute
Murray Energy Emerges From Bankruptcy As ACNR
Murray Energy Holdings has exited Chapter 11 under a new name and ownership. The new company American Consolidated Natural Resources Inc. or ACNR, based in St. Clairsville Ohio, plans to produce about 35 million tons of coal annually with mines in Alabama Kentucky Ohio West Virginia and Utah and manages mine operations for Foresight Energy and Murray Metallurgical. ACNR also eliminates over 8 billion in debt and gains renewed financing while employing more than 4,000 people.
MENTIONED IN THIS ARTICLE
Charleston
W.va
U.S
Murray Energy Holdings
Ohio
St. Clairsville
Alabama
Kentucky
West Virginia
Utah
ACNR
Foresight Energy
Illinois
Murray Energy
Murray Metallurgical
Energy Information Administration
Murray
Robert D. Moore
Robert Murray
Moore
Blackjewel Mining
Cloud Peak Energy
Wyoming
Trump
Donald Trump
Also Mentioned on This Page
Beirut
New
Associated Press
Target
Uniontown
Gene J. Puskar
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