Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Insurance rates won’t go up in wake of 2026 wildfires
MOSES LAKE — Almost three-fifths of American homeowners have concerns about their insurance rates going up due to …
UPS posts $965 million profit, missing Wall Street's target
ATLANTA (AP) — United Parcel Service Inc. reported a 13% drop in first-quarter profit, to $965 million, as stay-at-home orders generated deliveries to people’s homes but not enough to offset the higher costs and a …
Pfizer 2Q sales and profit down, but it maintains 2020 views
Drugmaker Pfizer said the COVID-19 pandemic is disrupting its patient testing of experimental drugs and will reduce revenue significantly in the second quarter, but its manufacturing plants are running normally.
Merck expects brunt of pandemic will strike this quarter
The pandemic increased sales of Merck medicines during the first quarter as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands.
Caterpillar profit tumbles with world economy on lockdown
DEERFIELD, Ill. (AP) — Caterpillar's profits are down 46% with much of the global economy seized by the spread of the coronavirus pandemic.
Companies seek to limit legal liability for virus infections
As companies start planning their reopenings, business groups are pushing Congress to limit liability from potential lawsuits filed by workers and customers infected by the coronavirus.
Germany hopes for rain to avoid 3rd straight summer drought
BERLIN (AP) — Germany’s farmers, foresters, and firefighters are eagerly awaiting widespread rain forecast for later this week, as a warm, dry spring has raised fears of a third summer drought in as many years.
Southwest posts 1st quarterly loss in almost a decade
DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up.
Bangladesh reopens 600 apparel factories despite virus risk
DHAKA,Bangladesh (AP) — Nearly a month after Bangladesh ordered garment factories shuttered to prevent the spread of the coronavirus, the industry is reopening hundreds of them despite risks the disease might sprea…
Asia Today: Surf's up, coffee's ready as New Zealand reopens
BANGKOK (AP) — Surfers greeted a spectacular sunrise in Christchurch, construction workers purchased their favorite espresso coffees and some lawmakers returned to Parliament in New Zealand's capital, Wellington, o…
Tesla says cars can automatically stop for traffic lights
DETROIT (AP) — After testing on public roads, Tesla is rolling out a new feature of its partially automated driving system designed to spot stop signs and traffic signals.
Asia Today: Officials: No more hospitalized Wuhan patients
BANGKOK (AP) — Wuhan, the city at the center of China’s coronavirus outbreak, has no more hospitalized patients after the last 12 were discharged, the Hubei province health commission said.
Mexico continues tug of war with firms over virus outbreak
MEXICO CITY (AP) — Mexico's government continued its tug of war with businesses on Monday, pledging to reopen factories vital to the U.S. economy while shaming others that refuse to close under lockdown measures de…
US grants Iraq another month's waiver for Iran gas imports
BAGHDAD (AP) — The U.S. has again granted Iraq only a month-long sanctions waiver enabling the government to continue importing gas and electricity from Iran, two Iraqi officials said, a sign of Washington’s growin…
UK says it won't extend EU talks despite virus upheaval
LONDON (AP) — The British government insisted Monday that it won’t extend the deadline for striking a post-Brexit deal with the European Union, despite the upheaval caused by the coronavirus.
Health officials ready new guidelines as restrictions ease
WASHINGTON (AP) — Businesses should close break rooms. Restaurants should consider disposable menus and plates. Schools should have students eat lunch in their classrooms.