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…
Banks made $233.1 billion in profits in 2019, regulator says
NEW YORK (AP) — The banking industry collectively made $233.1 billion in profits in 2019, the Federal Deposit Insurance Corporation said Tuesday, the industry's second-most profitable year ever.
More companies get into business of Black History Month
NEW YORK (AP) — From shoes and T-shirts to dolls and tote bags, more companies and brands are getting into the business of Black History Month but trying not to leave the impression that African American consumers …
Britain's cycling team to lose top sponsor after Tokyo Games
MANCHESTER, England (AP) — The governing body of British cycling will lose its main sponsor after the Tokyo Olympics, potentially harming the long-term strength of the country's top-performing sport at recent games…
Hong Kong plans handouts, tax cuts to counter economic woes
HONG KONG (AP) — Hong Kong's government is proposing a nearly $1,300 cash handout for each resident over 18 years old to help alleviate hardships brought on by the spreading viral outbreak and prolonged political p…
No checkout needed: Amazon opens cashier-less grocery store
NEW YORK (AP) — Amazon wants to kill the supermarket checkout line.
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California wildfire victims fear they'll be last in payout
SAN FRANCISCO (AP) — A $13.5 billion settlement between victims of California's catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from …
Virgin Galactic reports high interest in its space flights
LOS ANGELES (AP) — Virgin Galactic has received nearly 8,000 online reservations of interest since its first successful test flight into space 14 months ago, the company said Tuesday as it nears commercial operatio…
Stocks slump again, driving the S&P 500 down 3%, as fears grow that the virus outbreak will slow the global economy
NEW YORK (AP) — Stocks slump again, driving the S&P 500 down 3%, as fears grow that the virus outbreak will slow the global economy.
PG&E CEO blames past management for problems, promises fixes
SAN FRANCISCO (AP) — PG&E Corp. CEO Bill Johnson blamed negligence by the company's past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade California regulators Tuesday …
China struggles to revive manufacturing amid virus outbreak
BEIJING (AP) — Factories that make the world’s smartphones, toys and other goods are struggling to reopen after a virus outbreak idled China’s economy. But even with the ruling Communist Party promising help, compa…
EU approves tough negotiating mandate for UK trade talks
BRUSSELS (AP) — The European Union on Tuesday gave its chief negotiator a robust mandate for free trade talks with ex-member Britain, setting up a likely clash over the U.K.’s demand to export to the continent on i…
The Walt Disney Co. names Bob Chapek CEO, replacing Bob Iger, effective immediately.
BURBANK, Calif. (AP) — The Walt Disney Co. names Bob Chapek CEO, replacing Bob Iger, effective immediately.
Intuit, Moderna rise; Mastercard, Shake Shack fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
Current, former executives at SC utility refuse to testify
COLUMBIA, S.C. (AP) — On the advice of their lawyers, four current and former executives from South Carolina's state-owned utility did not attend a Senate meeting Tuesday discussing whether to sell the business, Sa…