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 …
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…
Ford recalls about 2.5M vehicles for latch, brake troubles
DETROIT (AP) — Ford is recalling about 2.5 million vehicles in the U.S., Canada and elsewhere because of a nagging door latch problem and a brake fluid leak.
Mnuchin says businesses will need more help
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin on Wednesday said he believes the U.S. economy will need more help to pull out of the recession, but added that the next round of support should be more targeted …
Trump administration cuts oil, gas fees in hundreds of cases
BILLINGS, Mont. (AP) — The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, accordi…
Asia Today: Tracing harder in S. Korea, Indian cases spike
SEOUL, South Korea (AP) — South Korea has reported 45 new cases of COVID-19, all but two of them in the greater capital area, continuing a weekslong resurgence that health authorities fear will develop into a massi…
US consumer prices slide 0.1% in May, third straight drop, as virus sends economy into recession
WASHINGTON (AP) — US consumer prices slide 0.1% in May, third straight drop, as virus sends economy into recession.
Ford, VW to collaborate on vans, pickup, electric vehicle
DEARBORN, Mich. (AP) — Ford and Volkswagen will each offer a small city van, a larger cargo van, a small pickup truck and an electric vehicle as part of their global alliance announced last year.
Hawaii extends 14-day quarantine for all incoming travelers
HONOLULU (AP) — Hawaii Gov. David Ige extended the state's mandatory 14-day quarantine for all arriving travelers on Wednesday in a bid to keep coronavirus cases in the islands low.
UAW to sell lake home built for ex-president under scrutiny
DETROIT (AP) — The United Auto Workers said it has accepted an offer on a lakefront house in northern Michigan, three months after federal prosecutors warned that it could be confiscated as part of a corruption inv…
Malls part of a $3.6B sale that fell apart due to pandemic
Following is a list of malls that were part of a $3.6 billion deal between The Simon Property Group and Taubman Realty. That deal has fallen apart as the coronavirus pandemic rattles the retail sector, particularly…
Worries mount of inequality increase from UK school closures
LONDON (AP) — Six months away from the classroom, at least. That’s the prospect facing most children in the U.K., an absence that is likely to cause harm to their futures - particularly if they come from poorer hou…
EU wants tech giants to do more to counter virus fake news
BRUSSELS (AP) — A senior European Union official warned online platforms like Google and Facebook on Wednesday to step up the fight against fake news coming notably from countries like China and Russia, but she pra…
Ruling: LA officer used unreasonable force in Costco killing
LOS ANGELES (AP) — An off-duty Los Angeles police officer violated departmental policy last year when he shot and killed a mentally ill man who had attacked him and his young son from behind in a Southern Californi…