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…
Google quietly rolls out test version of Android upgrade
SAN RAMON, Calif. (AP) — Google has released a test version of its annual upgrade to its Android software without the usual fanfare heralding the latest operating system powering most smartphones.
The Latest: SKorea reports 45 new COVID cases, most in Seoul
SEOUL, South Korea — South Korea is reporting 45 new cases of COVID-19, all but two of them in the capital region, continuing a weekslong resurgence that health authorities fear could develop into a huge wave.
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Cyprus tightens rules for passport-for-cash scheme
NICOSIA, Cyprus (AP) — Cyprus says it is introducing tougher anti-money laundering checks in its “golden passports” program, under which it gives citizenship to foreigners who invest large sums in the east Mediterr…
Buyer's remorse: Mall deal implodes as virus shakes retail
NEW YORK (AP) — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
Asian shares slide after Wall Street retreat
TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo dropping more than 1% as the Japanese yen gained after the Federal Reserve said it would keep interest rates low through 2022.
'We need help': Small cities face fiscal calamity from virus
ALLENTOWN, Pa. (AP) — Unfilled potholes, uncollected trash, unmown grass and, most significantly, fewer police on the street are some of what Allentown says it’s contemplating unless Washington helps it plug a mult…
Fed to keep providing aid and sees no rate hike through 2022
WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022.
Arizona congressman seeks action after virus cases surge
PHOENIX (AP) — As Arizona sees more than 1,000 new coronavirus cases per day, Democratic Rep. Ruben Gallego has criticized Arizona's governor for failing to highlight the “seriousness of the growing public health e…
Starbucks takes $3 billion hit to revenue during pandemic
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year.
May consumer prices fall 0.1%, the third consecutive month
WASHINGTON (AP) — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession.
US deficit racks up record deficit with 4 months still to go
WASHINGTON (AP) — The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history.
Asia Today: India surge continues with nearly 10,000 cases
NEW DELHI (AP) — The number of coronavirus cases in India continued to rapidly increase Wednesday, with officials reporting nearly 10,000 new cases over the past 24 hours.
Puerto Rico power company contract worth $1.5B questioned
SAN JUAN, Puerto Rico (AP) — A report published Wednesday accused Puerto Rico’s government of giving unfair advantage to a company that obtained a $1.5 billion contract and secured the first large generation projec…
AMC aims to reopen theaters in July; nations eye economies
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…