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 …
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…
Court strikes down Trump rule that drugmakers disclose price
WASHINGTON (AP) — In a major legal setback for President Donald Trump on a high-profile consumer issue, a federal appeals court has ruled that his administration lacks the legal authority to force drug companies to…
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…
Small plane crashes in southern Ukraine; 1 killed
KYIV, Ukraine (AP) — A small plane crash-landed Wednesday in the southern Ukrainian city of Odesa, killing one person and injuring another one, local police said in a statement.
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…
Russia starts clinical trials of COVID-19 vaccine
MOSCOW (AP) — Clinical trials of a Russian coronavirus vaccine have started Wednesday, the Health Ministry said in a statement.
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.
EU opens probe into proposed Fiat Chrysler, Peugeot deal
BRUSSELS (AP) — The European Union is opening an in-depth investigation into the proposed merger of Fiat Chrysler and Peugeot that would create the world’s fourth-largest automaker.
Target permanently raises starting hourly pay to $15
NEW YORK (AP) — Target Corp. says it's permanently increasing starting hourly wages for its workers to $15 beginning July 5, several months ahead of schedule.
Wall Street flip flops, global markets pause after big gains
NEW YORK (AP) — Wall Street is flipping between small gains and losses Wednesday, as markets around the world take a pause following their big rally a day before.
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…
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.
Aunt Jemima brand retired by Quaker due to racial stereotype
NEW YORK (AP) — America’s painful struggles over racism have finally caught up with Aunt Jemima, that ubiquitous fixture served up at breakfast tables for 131 years.
Kyrgyzstan's parliament votes to appoint new prime minister
MOSCOW (AP) — Kyrgyzstan’s parliament voted to appoint a new prime minister Wednesday, two days after his predecessor resigned amid a scandal over whether the government illegally sold radio frequencies.
New Beijing outbreak raises virus fears for rest of world
BEIJING (AP) — China raised its emergency warning to its second-highest level and canceled more than 60% of the flights to Beijing on Wednesday amid a new coronavirus outbreak in the capital. It was a sharp pullbac…