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 …
US wholesale prices edge up 0.4% in May led by gains in both food and energy
WASHINGTON (AP) — US wholesale prices edge up 0.4% in May led by gains in both food and energy.
1.5 million more laid-off workers seek unemployment benefits
WASHINGTON (AP) — About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, evidence that many Americans are still losing their jobs even as the economy appears to be slowly recovering wi…
Moderna on track for large COVID-19 vaccine test in July
The first experimental COVID-19 vaccine in the U.S. is on track to begin a huge study next month to prove if it really can fend off the coronavirus, its manufacturer announced Thursday — a long-awaited step in the
Germany seeks 'stable' ties with China, EU investment deal
BERLIN (AP) — German Chancellor Angela Merkel says her country wants stable relations with China and greater access to the Chinese market for foreign companies.
Japan wants US to extradite Americans who helped Ghosn flee
TOKYO (AP) — A Japanese prosecutor on Thursday urged the U.S. to extradite two Americans accused of helping Nissan’s former chairman, Carlos Ghosn, flee the country while he was out on bail.
China auto sales up 14.5% in May, recovering after pandemic
HONG KONG (AP) — China’s auto sales surged 14.5% in May, a second straight month of growth as the global industry’s biggest market gradually recovers from the coronavirus pandemic.
Unilever to place HQ in UK, ending Anglo-Dutch structure
LONDON (AP) — Consumer goods giant Unilever says it will end its Anglo-Dutch corporate structure and be based in London, backing away from a proposal two years ago to move to the Netherlands.
UK gas supplier Centrica to cut 5,000 jobs
LONDON (AP) — Centrica, which owns British Gas, is cutting 5,000 jobs as it restructures.
Resurgence of virus threatens South Korea's success story
SEOUL, South Korea (AP) — Just weeks ago, South Korea was celebrating its hard-won gains against the coronavirus, easing social distancing, reopening schools and promoting a tech-driven anti-virus campaign Presiden…
Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022
WASHINGTON (AP) — Fed says it will keep buying bonds to hold down longer-term borrowing rates and foresees no rate hike through 2022.
PG&E overhauls its board again as part of bankruptcy promise
SAN RAMON, Calif. (AP) — Pacific Gas and Electric on Wednesday announced the latest overhaul of its board of directors in another step toward the nation's largest utility ending its bankruptcy.
India seizes $180M in jewels from fugitive diamond merchants
NEW DELHI (AP) — Indian authorities have seized diamonds, pearls and silver jewelry worth millions of dollars as part of an investigation of a fugitive diamond merchant who is being held in London while fighting hi…
Arizona hospitals at 83% capacity, elective surgery may stop
GLENDALE, Ariz. (AP) — Arizona hospitals that are expected to be able to treat new cases of coronavirus without going into crisis mode were above 80% capacity, a milestone that should trigger an automatic stop to e…
Russia detains managers of plant that spilled fuel in Arctic
MOSCOW (AP) — Russian authorities have detained three top managers of an Arctic power plant that leaked 20,000 tons of diesel fuel into the ecologically fragile region.
How major US stock indexes fared Wednesday
Stocks ended a bumpy day mostly lower Wednesday despite assurances from the Federal Reserve that it would keep interest rates low through 2022 and would continue buying bonds to help markets function smoothly.