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…
Czech Senate speaker plans to visit Taiwan, angering China
PRAGUE (AP) — The speaker of the Czech Republic's Senate announced Tuesday he will visit Taiwan despite warnings from China and a recommendation from his own government that he not take the trip.
Libya’s oil company says largest oil field shut down again
CAIRO (AP) — A unit affiliated with Libya’s east-based forces that have been trying to capture Tripoli but are now on the retreat, ordered the country's largest oil field to halt work just hours after it restarted …
Hong Kong OKs $5 billion bailout for Cathay Pacific Airways
HONG KONG (AP) — Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to resort to government support to survive the coronavirus pandemic.
Malaysian prosecutors drop second high-profile graft case
KUALA LUMPUR, Malaysia (AP) — Malaysian prosecutors on Tuesday dropped 46 corruption charges against a former state leader, the second high-profile graft case to be dismissed since a new government took over in Mar…
A US recession began in February in the face of coronavirus
WASHINGTON (AP) — The U.S. economy entered a recession in February as the coronavirus struck the nation, a group of economists declared Monday, ending the longest expansion on record.
Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic
LONDON (AP) — Energy company BP says it plans to cut 10,000 jobs from its global workforce amid the COVID-19 pandemic.
BP to cut 10,000 jobs worldwide amid virus pandemic
LONDON (AP) — Oil and gas company BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the energy industry.
Gilead, Thor rise; International Flavors, Emergent fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday:
How major US stock indexes fared Monday
Stocks scrambled even higher Monday on Wall Street’s enthusiasm about the reopening economy, and the Nasdaq composite set a record.
Survey: Business economists expect worst slump since 1940s
WASHINGTON (AP) — Business economists expect the United States to suffer its worst downturn this year in more than seven decades before growth resumes sometime next year.
Left out: More workers now losing hope of getting back jobs
NEW YORK (AP) — Eric Benz didn't worry very much when his graphic design firm in Atlanta laid him off in March. He felt sure he'd be recalled to work once the viral pandemic eased and his firm's clients resumed spe…
Former Audi boss faces trial in September in diesel scandal
BERLIN (AP) — The former head of Volkswagen's luxury division, Audi, is set to go on trial at the end of September on fraud charges related to the company's diesel emissions scandal.
Asian shares mixed after Nasdaq record as Wall St rallies on
TOKYO (AP) — Shares were mixed in Asia on Tuesday after the Nasdaq composite touched a fresh record as enthusiasm about reopening the economy pushed Wall Street still higher.
Criminals stealing unemployment benefits as claims surge
Criminals are seizing on a surge in job losses to steal unemployment benefits from Americans nationwide. This complicates an already tough situation for millions of financially strapped Americans and overwhelmed st…
Pandemic triggers big swings in prescription drug use
As most of the nation hunkered down amid the coronavirus pandemic, visits to doctor offices and outpatient clinics plunged. That's helping cause major swings in prescription drug use.