Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Confluence Health names new Chief Medical Officer
WENATCHEE — Confluence Health has selected a new chief medical officer, according to an announcement from Confluen…
US job market's modest improvement may be stalling
WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled ju…
Texas puts reopening on 'pause' as virus cases soar
AUSTIN, Texas (AP) — Gov. Greg Abbott on Thursday halted elective surgeries in Texas' biggest counties and said the state would “pause” its aggressive reopening as it deals with a surge in coronavirus cases and hos…
Federal banking agencies ease Volcker Rule restrictions
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such…
Lufthansa shareholders approve German rescue package
FRANKFURT, Germany (AP) — Lufthansa shareholders approved a 9 billion-euro ($11 billion) rescue package Thursday that will see the German government take a 20% stake after management told them the airline was runni…
Police checks, mass testing after German meat plant outbreak
VERL, Germany (AP) — German police deployed hundreds of officers Thursday across two western regions that have been placed under a
Sweden fines bank for not properly fighting money laundering
STOCKHOLM (AP) — A big Scandinavian bank has been fined for not taking strong enough action to reduce the risk of money laundering. The fine comes after several banks in the region were caught handling dirty money …
Texas putting reopening on 'pause' as virus cases soar
AUSTIN, Texas (AP) — Faced with surging coronavirus cases and hospitalizations that have made Texas one of the nation's virus hotspots, Gov. Greg Abbott on Thursday halted elective surgeries in the state's biggest …
Canada's Trudeau rules out releasing Huawei tech executive
TORONTO (AP) — Canadian Prime Minister Justin Trudeau on Thursday ruled out releasing a top Chinese tech executive in an attempt to win the release of two Canadians detained by Beijing.
Audit: US sent $1.4B in virus relief payments to dead people
WASHINGTON (AP) — Nearly 1.1 million coronavirus relief payments totaling some $1.4 billion went to dead people, a
Report: Engineer error caused train derailment
HARPERS FERRY, W.Va. (AP) — An engineer error caused a CSX freight train
Ireland, Luxembourg, Spain ministers eye top eurozone job
BRUSSELS (AP) — Irish Finance Minister Paschal Donohoe and his Luxembourg counterpart Pierre Gramegna threw their hats into the leadership ring Thursday, joining Spain’s Economy Minister Nadia Calviño as official c…
Macy's cuts corporate headcount by 3,900 as virus takes toll
NEW YORK (AP) — Macy's said Thursday it's laying off 3,900 people corporate staffers, roughly 3% of its overall workforce, as the pandemic takes a financial toll on the iconic department store chain's sales and pro…
Unilever to drop terms like 'whitening' from beauty products
THE HAGUE, Netherlands (AP) — Consumer products giant Unilever said Thursday it is aiming for a “more inclusive vision of beauty” in its skin care products and will remove words such as “fair,” “whitening” and “lig…
Wall Street-owned loans tricky for hoteliers in virus era
ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that follo…
Rite Aid 1Q loss shrinks, helped by pandemic-inspired sales
Customers pumped up Rite Aid sales of sanitizers, wipes and liquor, helping the drugstore chain deliver a better-than-expected first-quarter performance.