Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
As gas prices ease, WA drivers still paying more
MOSES LAKE — Gasoline prices declined slightly across Grant County, Adams County and much of the nation this week,…
Australian Associated Press to shut down after 85 years
CANBERRA, Australia (AP) — The national news agency Australian Associated Press said Tuesday it will close in late June, its 85 years in business vanquished by a decline in subscribers and free distribution of news…
China denounces US cap on reporter numbers as prejudicial
BEIJING (AP) — China on Tuesday denounced a move by the Trump administration to reduce the number of Chinese state-run media journalists who can work in the United States by more than one-third as “based on the Col…
Malaysian central bank cuts key rate to counter slowdown
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing nu…
US construction spending hits record high in January with housing and government spending up sharply
WASHINGTON (AP) — US construction spending hits record high in January with housing and government spending up sharply.
Businesses at risk for cyberattack but take few precautions
NEW YORK (AP) — Although businesses are increasingly at risk for cyberattacks on their mobile devices, many aren't taking steps to protect smartphones and tablets.
Japan electronics maker Sharp to make masks at display plant
TOKYO (AP) — Electronics maker Sharp Corp. said Monday it will start making surgical masks, which are in high demand because of the virus outbreak, using a plant in central Japan that usually makes displays.
Conservative Utah's 1st medical marijuana dispensary opens
SALT LAKE CITY (AP) — Utah's first medical marijuana dispensary opened Monday as the state began a slow rollout of a program that will allow residents with certain health conditions to use pot for medicinal purpose…
Justices reject appeal of federal ban on firearm bump stocks
WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal of the federal ban on bump stocks, devices that allow semi-automatic firearms to fire rapidly like machine guns.
Kushner sells stake in firm criticized for possible conflict
NEW YORK (AP) — President Donald Trump's son-in-law and adviser Jared Kushner has sold his stake in a company investing in Opportunity Zone projects offering tax breaks he had pushed for in Washington, sparking cri…
Drug maker Sandoz Inc. to pay $195M fine in antitrust case
WASHINGTON (AP) — The Justice Department said Monday that pharmaceutical company Sandoz Inc. will pay a $195 million penalty to resolve criminal charges of conspiring to fix prices and rig bids to stifle competitio…
Gilead Sciences buying Forty Seven for $4.9 billion
Gilead Sciences is buying the cancer treatment company Forty Seven in a deal valued at approximately $4.9 billion.
Factories expand despite virus, though deliveries slow
WASHINGTON (AP) — American factories expanded in February for the second straight month, despite disruptions caused by the coronavirus outbreak. The winning streak, however, may prove short-lived.
US construction spending up 1.8% in January to record level
WASHINGTON (AP) — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.
Apple to pay up to $500M over battery-related phone slowdown
SAN FRANCISCO (AP) — IPhone owners could get $25 from Apple after the company agreed to pay up to $500 million to settle claims over intentionally slowing down older phones to preserve older batteries.
Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus
NEW YORK (AP) — Dow Jones surges more than 1,200 points on hopes that central banks will act to shelter global economy from coronavirus.