Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
Greece says pandemic to worsen long-term economic problems
ATHENS, Greece (AP) — Greece's central bank says the country could avoid a major recession if it makes good use of emergency EU support funds and does not suffer a major renewed outbreak of COVID-19, but the pandem…
BP sells petrochemicals arm to Ineos for $5 billion
LONDON (AP) — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities to renewable sources of energy.
US pending home sales see record-breaking rebound in May
SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelin…
Court says president can fire Consumer board head 'at will'
WASHINGTON (AP) — In a ruling underscoring the power of the president, the Supreme Court on Monday made it easier for the president to fire the head of the Consumer Financial Protection Bureau.
Domino's expands delivery options, home buying moves online
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the …
Conflicting emotions as France shutters oldest nuclear plant
PARIS (AP) — Nuclear workers lamented the switching off Monday of France's oldest nuclear reactor, a closure celebrated by anti-nuclear campaigners.
Fed's program for loaning to Main Street off to slow start
WASHINGTON (AP) — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He's making money through food delivery and pickup and wants…
French ex-prime minister Fillon, wife found guilty of fraud
PARIS (AP) — Former French Prime Minister Francois Fillon was found guilty Monday in a fraud case of having used public funds to pay his wife and children more than 1 million euros ($1.13 million) since 1998 for wo…
Diageo goes green with carbon neutral distillery in Kentucky
LOUISVILLE, Ky. (AP) — Spirits giant Diageo announced Monday that it's going green with its newest whiskey-making venture in the Bluegrass State.
EU finalizing virus 'safe list,' US unlikely to make the cut
BRUSSELS (AP) — The European Union is edging toward finalizing a list of countries whose citizens will be allowed to enter Europe again in coming days, with Americans almost certain to be excluded in the short term…
Ex-UAW president repays union $55k for travel expenses
DETROIT (AP) — A former president of the United Auto Workers has reimbursed the union for $55,000 worth of inappropriate travel expenses, the union says.
Business Highlights
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Cirque du Soleil files for creditor protection in Canada
MONTREAL (AP) — Cirque du Soleil filed for creditor protection in Canada on Monday while it develops a plan to restart its business amid the pandemic.
EU, UK keen to step up the pace as trade talks resume
BRUSSELS (AP) — European Union and U.K. negotiators resumed in-person talks on a post-Brexit trade deal on Monday, with both sides insisting that the process must accelerate markedly if they’re to reach an agreemen…
Donors urged to dig deep as economic chaos, virus hit Syria
BRUSSELS (AP) — Aid organizations on Monday made a plea for world leaders to boost financial support to conflict-torn Syria where around 11 million people are in need of humanitarian assistance, on the eve of a maj…