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…
France steps up investigation around Ghosn, Omani dealership
PARIS (AP) — French prosecutors are turning up the heat on disgraced car industry executive Carlos Ghosn, opening a judicial inquiry into alleged money laundering, fraud and misuse of company assets during his time…
EU proposes rules for artificial intelligence to limit risks
LONDON (AP) — The European Union unveiled proposals Wednesday to regulate artificial intelligence that call for strict rules and safeguards on risky applications of the rapidly developing technology.
Bed Bath & Beyond rises as retailer unveils turnaround plan
Shares of Bed Bath & Beyond moved sharply higher at the opening bell Wednesday after executives rolled out a raft of initiatives to turn the struggling chain around.
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Bid to ax greyhound racing funds rejected in West Virginia
CHARLESTON, W.Va. (AP) — West Virginia senators on Wednesday rejected a bill to cut state funding for the greyhound racing industry, three years after Gov. Jim Justice vetoed similar legislation.
Banker: Lebanese debt holders ready to discuss refinancing
BEIRUT (AP) — If the government decides to refinance Lebanon's massive debt, it should be orderly and include negotiations with debt holders as foreign funds are ready for such discussions, the head of Lebanon's ba…
Ending Putin's support of Venezuela no easy feat for US
MOSCOW (AP) — In October 2016, the head of Russia's largest oil company traveled to the birthplace of Hugo Chávez, in the empty, sweltering plains of Venezuela, to unveil a
Ohio governments working to craft unusual opioid bargain
COLUMBUS, Ohio (AP) — Ohio's governor, attorney general and dozens of local governments are nearing agreement on divvying up proceeds of a potentially huge settlement with the opioid industry, hoping to avoid mista…
Trump admin delays banking law overhaul by 30 days
The Trump administration gave into public and banking industry pressure Wednesday, announcing it would extend the comment period on its overhaul of a critical banking law by 30 days.
'Voodoo statistics' floated as EU budget battle looms
BRUSSELS (AP) — After almost two years of sparring, the European Union was girding itself Wednesday for perhaps the final round of the bloc’s traditional budget slug-fest, a potentially long and fiery summit to thr…
US judge dismisses Huawei suit over government contracts ban
NEW YORK (AP) — A federal judge in Texas has dismissed Chinese tech giant Huawei's lawsuit challenging a U.S. law that bars the government and its contractors from using Huawei equipment because of security concern…
Fed seems inclined to keep rates low as virus poses risks
WASHINGTON (AP) — Federal Reserve officials were mostly optimistic about the U.S. and global economies last month, though they noted the risk posed by China’s viral outbreak and said they were ready to keep their b…
Qantas cuts flights to Asia amid virus outbreak
SYDNEY (AP) — Australia's Qantas announced Thursday it will slash flights to Asia as the coronavirus crisis cuts into the airline and travel industries.
Swiss bank penalized over alleged FIFA, Venezuela corruption
GENEVA (AP) —
How major US stock indexes fared Wednesday
The S&P 500 returned to a record Wednesday, and technology stocks once again helped lead the market higher. Apple rallied to recover most of its loss from the prior day, triggered by a revenue warning due to the vi…