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…
Earthquake risk prompts order to drain California dam
SAN JOSE, Calif. (AP) — Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spillin…
Generic drugmakers sold most opioids during overdose crisis
Mallinckrodt Pharmaceuticals doled out lavish perks for top U.S. employees who hit or beat sales goals for prescription opioids and other drugs: six-figure bonuses and a chance to snag a coveted “President's Club” …
US lobstermen may see relief from steep Chinese tariffs
PORTLAND, Maine (AP) — China is making U.S. lobster eligible for a tariff reduction, good news for lobster fishermen who lost a key export market during trade hostilities, Maine's congressional delegation announced…
Mastercard names insider as new CEO
Mastercard is naming an insider as its new CEO.
Virus outbreak keeps global markets in check
LONDON (AP) — Share prices around the world, particularly in Japan, took a hit Tuesday amid mounting fears about the economic impact of the new coronavirus outbreak.
NTSB: Tesla Autopilot, distracted driver caused fatal crash
WASHINGTON (AP) — Tesla’s partially automated driving system steered an electric SUV into a concrete barrier on a Silicon Valley freeway because it was operating under conditions it couldn't handle and because the …
Coronavirus poses tough challenge for economic policymakers
WASHINGTON (AP) — The fast-moving coronavirus isn’t just confounding health officials. It’s also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's …
Reports: Panasonic, Tesla to scrap solar panels partnership
TOKYO (AP) — Japanese electronics maker Panasonic declined to comment on reports Wednesday that it is planning to end its partnership with Tesla to produce solar panels at a factory in New York state.
Asian shares slide on fears virus will stunt global economy
TOKYO (AP) — Asian shares slid Wednesday following another sharp fall on Wall Street as fears spread that the growing virus outbreak will put the brakes on the global economy.
Home Depot's same-store sales surge in final quarter of 2019
Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. The home improvement retailer also boosted its quarterly dividend by 10%.
Iran says official who played down virus fears is infected
DUBAI, United Arab Emirates (AP) — The head of an Iranian government task force on the coronavirus who had urged the public not to overreact about its spread has tested positive for the illness himself, authorities…
Drugmaker Mallinckrodt reaches $1.6B opioid settlement
The generic drugmaker Mallinckrodt has a tentative $1.6 billion deal to settle lawsuits over its role in the U.S. opioid crisis, it announced Tuesday.
US consumer confidence rises slightly to 130.7 in February
WASHINGTON (AP) — U.S. consumer confidence improved slightly in February, rising to a reading of 130.7, the highest point since August.
Ford recalls popular F-150 pickup to fix headlamp problem
DETROIT (AP) — Ford is recalling more than 217,000 pickup trucks mainly in North America to fix a problem with the daytime running lights.
Congresswoman: Science should guide nuclear storage decision
ALBUQUERQUE, N.M. (AP) — A member of New Mexico's congressional delegation wants to ensure a “sound and robust” scientific review is done before federal regulators decide whether to sign off on plans for a multibil…