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…
Vanishing jobs for young could create 'lock-down generation'
GENEVA (AP) — Bashar Ali Naim used to work in a perfume and accessories store in Baghdad, earning $480 per week on average. About three months ago, the coronavirus outbreak swept into Iraq, and the 28-year-old fath…
UK says fishing deal with EU by end of June looks unlikely
LONDON (AP) — The U.K.'s chief negotiator with the European Union said Wednesday it's looking increasingly unlikely the two sides will agree — as hoped — on the terms of access to each other’s waters by the end of …
CEO pay has topped $12.3M. Can it keep rising post-pandemic?
The typical pay package for CEOs at the biggest U.S. companies topped $12.3 million last year, and the gap between the boss and their workforces widened further, according to AP’s annual survey of executive compens…
History in the making as House is poised for proxy voting
WASHINGTON (AP) — It’s a day that's shaping up as one for the history books: For the first time, House lawmakers intend to vote by proxy, a move to avoid the risk of travel to Washington during
Wall Street is mixed as leaderboard flips upside down
Stock indexes are mixed in afternoon trading on Wall Street Wednesday, as hopes for a coming economic revival turn the market's leaderboard upside down.
In pandemic, using drones to drop medical supplies from sky
With a loud whir and a whoosh, a fixed-wing drone slingshots out of a medical warehouse, zips through hazy skies at 80 mph, pops open a belly hatch and drops a box of medical supplies. Slowed by a little parachute,…
AMD's Lisa Su is first woman to top AP's CEO pay analysis
Lisa Su of Advanced Micro Devices is the first woman ever to top The Associated Press’ annual survey of CEO compensation: Her 2019 pay package was valued at $58.5 million following a strong performance for the comp…
The highest-paid CEOs by state
Here are the top paid CEOs by state for 2019, as calculated by The Associated Press and Equilar, an executive data firm.
Suspension rust problem forces Mitsubishi to recall vehicles
DETROIT (AP) — Mitsubishi is recalling nearly 223,000 vehicles in Canada and cold-weather U.S. states because parts of the suspension can rust, detach and cause drivers to lose control.
Tuesday Morning becomes 5th big retailer to file Chapter 11
NEW YORK (AP) — Discount goods retailer Tuesday Morning has filed for Chapter 11 bankruptcy, the fifth major retailer to do so since the pandemic.
Japan OKs funds for $1.1T stimulus to fight pandemic woes
TOKYO (AP) — Japan’s Cabinet approved a proposed 32 trillion yen ($296 billion) supplementary budget on Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pande…
GE selling century-old lighting unit to Savant Systems
BOSTON (AP) — GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount.
General Electric's light bulb business, with roots dating to the late 19th century, is sold
NEW YORK (AP) — General Electric's light bulb business, with roots dating to the late 19th century, is sold.
Trump threatens social media after Twitter fact-checks him
WASHINGTON (AP) — President Donald Trump threatened social media companies with new regulation or even shuttering on Wednesday after Twitter added fact checks to two of his tweets. He turned to his Twitter account …
Spike in South Korea virus cases shows perils of reopening
SEOUL, South Korea (AP) — As Mediterranean beaches and Las Vegas casinos laid out plans to welcome tourists again, South Korea announced a spike in new infections Wednesday and considered reimposing social distanci…