Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Diesel prices hit record high in Washington as gasoline remains relatively stable
MOSES LAKE — Diesel prices in Washington reached a record high over the weekend, even as gasoline prices remained …
Philippine beer tycoon allied with late dictator dies
MANILA, Philippines (AP) — Philippine tycoon Eduardo “Danding” Cojuangco Jr., a key ally of the late dictator Ferdinand Marcos and a low-key businessman who led a food and beverage empire that produced San Miguel b…
France sentences Syrian leader's uncle for money laundering
PARIS (AP) — An uncle of Syrian President Bashar Assad was sentenced to four years in prison in France on Wednesday for illegally using Syrian state funds to build a French real estate empire.
Former Bumble Bee CEO gets jail in price fixing conspiracy
SAN FRANCISCO (AP) — A former CEO of Bumble Bee Foods has been sentenced to more than three years in jail for his role in a canned tuna price-fixing conspiracy involving three major companies, the U.S. Justice Depa…
How major US stock indexes fared Wednesday
Stocks closed mostly lower on Wall Street Wednesday, ending a three-day winning streak for the market after another day of wobbly trading.
Ukraine receives $60M worth of military equipment from US
KYIV, Ukraine (AP) — More than $60 million worth of weapons and other equipment is going to Ukraine as part of the U.S. security aid program with the country, the U.S. Embassy in Kyiv said Wednesday.
Panama canal sees 21% drop in crossings amid pandemic
PANAMA CITY (AP) — The Panama Canal reported a 21% drop in the number of ships crossing the waterway in May amid the coronavirus pandemic, compared to projections for traffic.
Civil rights groups call for 'pause' on Facebook ads
Several civil rights and other advocacy groups are calling on large advertisers to stop Facebook ad campaigns during July because they say the social network isn't doing enough to curtail racist and violent content…
US virus outbreaks stir clash over masks, personal freedom
PHOENIX (AP) — When the coronavirus flared in China's capital this week, Beijing canceled flights, suspended reopenings and described the situation as “extremely grave.” But with cases rising in some U.S. states, l…
Feds fine Panama's Copa for flights between US, Venezuela
WASHINGTON (AP) — The Transportation Department said Wednesday that it fined Panama-based Copa Airlines $450,000 for operating flights between the United States and Venezuela after the Trump administration banned s…
US warns 3 companies over illegal at-home COVID-19 tests
WASHINGTON (AP) — U.S. health regulators are cracking down on three companies for selling at-home blood tests for coronavirus, warning that the products have not been shown to safely and accurately screen for COVID…
Black Lives Matter network establishes $12M grant fund
NEW YORK (AP) — The Black Lives Matter Global Network Foundation has established a fund worth more than $12 million to aid organizations fighting institutional racism, in the wake of the George Floyd protests.
Job losses continue, suburbs appealing to homebuyers
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of t…
Germany: 657 virus cases at slaughterhouse in new outbreak
BERLIN (AP) — Regional officials in western Germany said Wednesday that the number of new COVID-19 cases linked to a large meatpacking plant has risen to 657, a significant regional spike for a country that has rec…
Facebook removes another 900 accounts linked to hate groups
Facebook has removed another 900 social media accounts linked to white supremacy groups after members discussed plans to bring weapons to protests over police killings of black people.
NATO chief says US to consult allies on future troop plans
BRUSSELS (AP) — The United States remains committed to its European allies and has pledged to consult them on any future U.S. troop moves in Europe, NATO Secretary-General Jens Stoltenberg said Wednesday, after Pre…