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.
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…
NTSB: Driver in fatal Tesla crash was playing video game
WASHINGTON (AP) — The National Transportation Safety Board says the driver of a Tesla SUV who died in a Silicon Valley crash two years ago was playing a video game on his smartphone while his vehicle was being cont…
JPMorgan to stop lending to coal companies, arctic drillers
NEW YORK (AP) — JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday.
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…
The top iPhone and iPad apps on App Store
Top Paid iPhone Apps:
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.
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.
Trump says coronavirus 'very well under control' in US
NEW DELHI (AP) — President Donald Trump sought Tuesday to minimize fears about coronavirus spreading rampantly throughout the U.S., saying the situation is "very well under control in our country.”
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.
US home prices rise 2.9% in December on low rates, inventory
WASHINGTON (AP) — U.S. home prices rose at a faster pace in December as mortgage rates remained low and a falling supply of available properties set off bidding wars between buyers.
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…
Thomson Reuters names Hasker as CEO, Eastwood as CFO
Thomson Reuters says Steve Hasker will become its new CEO, succeeding Jim Smith.
Drugmaker readies possible coronavirus vaccine for testing
Drugmaker Moderna has shipped its first batch of a possible coronavirus vaccine for humans to government researchers for testing.
Mastercard names insider as new CEO
Mastercard is naming an insider as its new CEO.