Associated Press

This May 4, 2021 photo shows the Treasury Building in Washington.

US Treasury Backs Minimum 15% Tax on Global Corporate Profits

That's below the 21% minimum it has been seeking to impose on the foreign profits of U.S.-based companies.

An artist rendering of the Forest Plaza at Amazon's HQ2 in Arlington, Va.

Amazon to Double Workforce at Arlington HQ

By 2025, the company expects to employ 25,000 in Arlington, supported by a $2.5 billion investment.

3M Sues Florida Company Over Fake N95 Mask Sales

The suit says a company posed a 3M distributor and sold tens of thousands of counterfeit masks to a Florida hospital at "exorbitantly inflated" prices.

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Mexico Planning $11.5B in Infrastructure Projects

The majority of the plans are for highways, energy and water projects.

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Mexico

The projects mostly focus on oil refineries and highways, but also include a passenger train project.

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Germany Machinery Orders Down 16% This Year

Machinery production is likewise expected to drop 17%.

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UPS Reports Record Surge in Shipping

Shipments from businesses to U.S. consumers soared 65%.

In this March 22 file photo, customers wearing masks walk into a Lowe's home improvement store in the Canoga Park section of Los Angeles. Lowe’s move to revamp its outdated online business in recent months paid off during the first quarter, as shut-in shoppers shifted to its online services for supplies for their do-it-yourself home projects during the pandemic.

Lowe's Overhauled E-Commerce Pays Off

The nation's second-largest home improvement retailer said Q1 online sales increased 80 percent.

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Virus Measures Weighed on Home Depot in Q1

Added compensation, benefits and waived co-pays for employees set the retailer back by $850 million in pre-tax expenses.

In this Nov. 4, 2019, file photo construction equipment made by Caterpillar are readied for export to Asia at the Port of Tacoma in Tacoma, Wash. Caterpillar Inc. reports financial results Friday, Jan. 31, 2020.

Caterpillar Profit Tumbles

The equipment manufacturer has been deemed essential, but profits still took a massive dive.