Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
'It begins with integrity'
MOSES LAKE — When Simon Ribellia started painting homes at age 15, he wasn't planning on making it a full-time car…
French way of life to resume with restaurants reopening
PARIS (AP) — The French way of life is set to largely resume next week, with most virus-related restrictions easing as the country prepares for the summer holiday season amid the pandemic.
Suits accuse retail chains of flooding Ohio with painkillers
CLEVELAND (AP) — Five retail chains flooded two Ohio counties with tens of millions of prescription painkillers through their pharmacies while taking few if any steps to stop drugs from being illegally diverted, ac…
Rally rolls on as Wall Street heads for fourth straight gain
Wall Street is rallying again on Thursday, extending this week's climb built on hopes for a coming economic revival.
House approves changes to business virus aid subsidy program
WASHINGTON (AP) — The House gave sweeping bipartisan approval Thursday to legislation to modify a new “paycheck protection” program for businesses that have suffered COVID-related losses, giving them more flexibili…
Airlines increase job cuts as pandemic crushes air travel
Major airlines on both sides of the Atlantic are cutting even more jobs as they struggle to cope with a plunge in air travel that will leave the airline industry much smaller than it was before the coronavirus pand…
Buzz kill: Pot shops reopen, but some fear another shutdown
BOSTON (AP) — Marijuana shops in many states have enjoyed brisk business during the coronavirus pandemic. In New England? Not so much.
Harbor Freight recalls jack stands that can fail under load
DETROIT (AP) — The U.S. government’s road safety agency is warning people not to use Pittsburgh Automotive jack stands sold by Harbor Freight Tools because they can collapse when holding a load.
41 million jobs lost; homebound gear up to get out, way out
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of th…
US mortgage rates fall; 30-year loan at all-time low 3.15%
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold.
Court orders defiant Michigan barber to close his shop
DETROIT (AP) — A Michigan court on Thursday ordered a barber to close his shop and stop defying the state's coronavirus restrictions, though he vowed to keep cutting hair.
Virginia lags in implementing extended unemployment benefits
RICHMOND, Va. (AP) — When registered nurse Amanda Marsh lost her job working from her Virginia home as a health plan medical reviewer late last year, unemployment benefits helped support her family while she looked…
White House won't issue economic projections this summer
WASHINGTON (AP) — The White House will not release its official midyear economic update this summer, declining to put its stamp on data documenting the plunge into recession during the coronavirus pandemic and avoi…
Lebanon removes banking secrecy rules to fight corruption
BEIRUT (AP) — Lebanon’s parliament approved on Thursday a law to remove decades-old banking secrecy rules in order to better fight rampant corruption that has pushed the country to the edge of economic collapse.
Pending home sales plunged 21.8% in April on a monthly basis
BALTIMORE (AP) — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
CVS Health tests self-driving vehicle prescription delivery
CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month.