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…
Tesla offers $2B in added shares, discloses SEC subpoena
DETROIT (AP) — Tesla said that is selling $2 billion worth of additional stock, that its U.S. revenue fell last year and that securities regulators are scrutinizing its finances.
A glance at US mortgage rates; 30-year loan rises to 3.47%
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Amsterdam bans tour groups from sex workers' windows
AMSTERDAM (AP) — The local government in Amsterdam has banned guided tours that take groups past the famed windows in the city's red-light district where visitors watch semi-naked sex workers pose.
EU monitoring economic impact of virus outbreak
FRANKFURT, Germany (AP) — The European Union warned Thursday that the spread of the viral outbreak in China is a risk for the economy but that its full impact will depend on how long it lasts and how far it spreads…
Bank of Mexico cuts key interest rate quarter-point to 7%
MEXICO CITY (AP) — Mexico’s central bank lowered its benchmark interest rate by a quarter-point to 7% on Thursday, seeking to stimulate an economy that entered into recession last year.
UK Treasury chief quits as Johnson shakes up Cabinet
LONDON (AP) — British Prime Minister Boris Johnson tightened his grip on the government Thursday with a Cabinet shake-up that triggered the unexpected resignation of his Treasury chief, the second-most powerful fig…
Spirit Airlines moving operations center to Tennessee
NASHVILLE, Tenn. (AP) — Spirit Airlines and Tennessee officials say the low-cost carrier is moving its operations control center from Florida to the Nashville area.
Panama City metro expansion to go through tunnel under canal
PANAMA CITY (AP) — A new metro line for Panama City will run through a tunnel bored beneath the interoceanic canal to reach western suburbs, rather than passing over the canal alongside a planned new bridge as was …
Weight loss drug Belviq pulled from market over cancer risk
The maker of a weight loss drug pulled it from the market Thursday at the request of federal regulators, who said it posed a slight increased risk of cancer.
Online furniture seller Wayfair cuts 550 jobs, 3% of workers
NEW YORK (AP) — Online furniture seller Wayfair said Thursday that it is cutting about 550 jobs, or 3% of its total workforce.
Fear, boredom, adventure fill each day on quarantined ship
YOKOHAMA, Japan (AP) — Fear. Surprising moments of levity. Soul-crushing boredom.
Cyprus president regrets taking free flight for family trip
NICOSIA, Cyprus (AP) — The president of Cyprus said Thursday that he regretted accepting a free flight on a Saudi businessman's jet for his family's vacation in the Seychelles but that the private travel arrangemen…
In win for Amazon, judge freezes work on Pentagon contract
NEW YORK (AP) — A federal judge on Thursday ordered a temporary halt of Microsoft's work on a $10 billion military cloud contract, a win for Amazon, which sued the U.S. government last year for awarding the contrac…
Asian stocks rebound from early losses as virus toll grows
Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population.
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