Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Horizon employees give back to community
MOSES LAKE — The team at Horizon Credit Union took some time away from the office Tuesday to tackle a different li…
Shipyard hiring temporary workers; mediation next week
PORTLAND, Maine (AP) — With more than 4,000 workers on strike, Navy shipbuilder Bath Iron Works plans to bring in more subcontractors to join management and existing contractors to try to avoid falling further behi…
Ukraine's central banker chief steps down citing pressure
KYIV, Ukraine (AP) — Ukraine's president on Thursday accepted the resignation of the country's top banker, who has complained of political pressure.
India to buy 33 Russian fighter aircraft for $2.43 billion
NEW DELHI (AP) — India’s defense ministry on Thursday approved the purchase of 21 Russian MiG-29 and 12 Sukhoi Su-30MKI fighter aircraft costing $2.43 billion to augment its air force as the country faces security …
US long-term mortgage rates hit all-time low again
SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever.
US unemployment falls to 11%, but new shutdowns are underway
WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round…
Post-Brexit talks deadlocked after latest negotiating round
BRUSSELS (AP) — EU and U.K. negotiators in charge of finding a post-Brexit compromise resumed in-person talks this week, but the result remained the same, with no progress achieved on a range of key issues preventi…
Court could end claims Nestle, Cargill abetted child labor
WASHINGTON (AP) — The Supreme Court will consider ending a lawsuit that claims Nestle and Cargill facilitated the use of child slave labor on cocoa farms in
American and 4 other airlines reach loan agreements with US
DALLAS (AP) — American Airlines and four smaller carriers have reached agreement with the government for billions more in federal loans, a sign of the industry’s desperate fight to survive a downturn in air travel …
Social media companies face revenue hit from boycotts
Verizon's decision to join the growing boycott against Facebook and Twitter risks hurting the social media giants where it hurts most: their advertising revenue.
US trade deficit rises 9.7% in May to $54.6 billion
WASHINGTON (AP) — The U.S. trade deficit rose for the third straight month in May. Both exports and imports fell as the coronavirus outbreak continued to take a toll on world commerce.
U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall
WASHINGTON (AP) — U.S. trade deficit rises 9.7% to $54.6 billion in May; exports and imports fall.
Unemployment falls to 11.1% as US added a record 4.8 million jobs in June, but pandemic dims outlook for further gains
WASHINGTON (AP) — Unemployment falls to 11.1% as US added a record 4.8 million jobs in June, but pandemic dims outlook for further gains.
Europe contains jobless rate, but faces summer of discontent
SPERLONGA, Italy (AP) — Europe has limited the rise in unemployment caused by the pandemic with a wide array of government support programs, but that cannot hide widespread economic distress and anxiety among worke…
Tesla 2Q deliveries rise over 1Q despite factory shutdown
DETROIT (AP) — Tesla says it delivered more electric vehicles worldwide in the second quarter than it did in the first. The increase came even though coronavirus restrictions forced it to shut down its only U.S. fa…
European police crack encrypted phones, arrest hundreds
THE HAGUE, Netherlands (AP) — European police delivered a major blow to organized crime after cracking an encrypted communications network, allowing them to covertly watch "over the shoulder” of criminals in real t…