Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
‘Most big repairs start out as small repairs’
MOSES LAKE — When Uziel Ortega launched Steadfast Home Services earlier this year, he wasn't sure whether the phon…
Deutsche Bank to pay $130 million to avoid bribery charge
NEW YORK (AP) — Deutsche Bank agreed Friday to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia.
US consumer credit up 4.4% in November, best in 5 months
WASHINGTON (AP) — U.S. consumer borrowing rose 4.4% in November, its strongest showing in five months, led by strong gains in auto and student loans that offset a drop in credit card borrowing.
Semiconductor shortage forces automobile production cuts
DETROIT (AP) — A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns.
US consumer borrowing advanced 4.4% in November with gains in auto and student loans
WASHINGTON (AP) — US consumer borrowing advanced 4.4% in November with gains in auto and student loans.
US sanctions prominent Iraqi politician over rights abuses
BAGHDAD (AP) — The U.S. Treasury on Friday imposed sanctions on a prominent Iraqi politician and security official, accusing him of serious human rights abuses.
WHO: Rich nations, vaccine firms should stop bilateral deals
GENEVA (AP) — The World Health Organization chief appealed on Friday to makers of COVID-19 vaccines and the wealthier countries buying them to “stop making bilateral deals,” saying they hurt a U.N.-backed effort to…
United joins rivals in dropping emotional-support animals
CHICAGO (AP) — United Airlines is joining other major U.S. carriers in no longer allowing emotional-support animals to fly for free.
Fed transcripts show doubts about need for 2015 rate hike
WASHINGTON (AP) — Newly released transcripts show that many Federal Reserve officials had concerns in late 2015 over whether they were making a mistake in raising a key interest rate for the first time in nearly de…
US safety agency rejects petition to recall Tesla vehicles
DETROIT (AP) — The U.S. government’s auto safety agency has rejected a request to investigate unintended acceleration in Tesla electric vehicles, saying the acceleration was caused by drivers pushing the wrong peda…
Companies say post-Brexit rules are clogging up UK-EU trade
LONDON (AP) — Some businesses said Friday that costs and paperwork are hampering trade between Britain and the European Union as the reality of the U.K.’s post-Brexit trading relationship with the bloc takes hold.
Plenty of overhead in this market: Betting on drone races
ATLANTIC CITY, N.J. (AP) — In the “gamblers will bet on absolutely anything” category, here's a new one: A major sports book is taking bets on aerial drone races.
The Latest: Pfizer study suggests vaccine fights variant
NEW YORK — New research suggests the COVID-19 vaccine made by Pfizer and BioNTech can still work against a mutated coronavirus.
New campaign, and logo, for GM in a bid to electrify image
DETROIT (AP) — General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs…
US loses 140,000 jobs, first monthly drop since spring
WASHINGTON (AP) — U.S. employers shed jobs last month for the first time since April, cutting 140,000 positions, clear evidence that the economy is faltering as the viral pandemic tightens its grip on consumers and…
Stocks keep rising as Wall Street looks past economy's pain
NEW YORK (AP) — U.S. stocks are ticking higher on Friday, despite a sober reminder of how many jobs the pandemic is destroying, as Wall Street keeps focusing more on the economy’s potentially brighter future than i…