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…
DuPont chairman assuming duties of CEO
WILMINGTON, Del. (AP) — DuPont Co. said Tuesday that its executive chairman is assuming the duties of CEO.
PG&E banking on big profits after utility leaves bankruptcy
SAN FRANCISCO (AP) — Pacific Gas and Electric says it expects to become more profitable than ever after it emerges from bankruptcy and pays off more than $25 billion in losses sustained in catastrophic wildfires ig…
Apple warns China virus will cut iPhone production, sales
CUPERTINO, Calif. (AP) — Apple Inc. is warning investors that it won't meet its second-quarter financial guidance because the viral outbreak in China has cut production of iPhones.
The top iPhone and iPad apps on App Store
iTunes Store/App Store/Apple Books charts for 02/16/20:
Franklin Resources buying Legg Mason for $4.5 billion
SAN MATEO, Calif. (AP) — Franklin Resources is buyingrival investment managerLegg Mason for $4.5 billion, the latest shakeup in an industry grappling with customers who continue to clamor for lower fees.
UK unveils immigration overhaul for 2021 focused on skills
LONDON (AP) — Britain announced new
A rare miss for Walmart to end the year
NEW YORK (AP) — Walmart reported disappointing fourth-quarter profits and sales after a sluggish and shortened holiday shopping season.
HSBC cuts headcount by 35,000 in deep overhaul
LONDON (AP) — Europe's biggest bank, HSBC, will shed some 35,000 jobs as part of an overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties, from Brexit to th…
Europe resists mounting US pressure on Huawei 5G technology
LONDON (AP) — The Trump administration is stepping up pressure on European allies to ban Chinese tech firm Huawei from supplying next-generation mobile networks, with more officials visiting this week to press the …
Trump opposes possible ban on sale of jet engines to China
WASHINGTON (AP) — President Donald Trump signaled Tuesday via Twitter that he opposes efforts to block the sale of jet engines to China. Trump's tweets appeared intended to thwart a proposal from within his own adm…
Jeff Bezos commits $10 billion to fight climate change
NEW YORK (AP) — Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.
2 top execs stepping down at publisher Tribune amid turmoil
Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, andgrapples with a decline in revenue as the prin…
EU puts Cayman Islands, others on tax blacklist
BRUSSELS (AP) — The European Union has added four countries and jurisdictions to its blacklist of tax havens , including the British overseas territory Cayman Islands.
MIT to caption online videos after discrimination lawsuit
BOSTON (AP) — The Massachusetts Institute of Technology has agreed to provide captions for more of its publicly available online videos as part of a settlement announced Tuesday in a case that accused the school of…
Court reinstates order for Russia to pay $50 bln over Yukos
THE HAGUE, Netherlands (AP) — In a major legal defeat for the Russian government, a Dutch appeals court on Tuesday reinstated an international arbitration panel’s order that it should pay $50 billion compensation t…