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…
Ford top automotive executive retires in management shake-up
DETROIT (AP) — Ford is shaking up its management after a poor fourth-quarter financial performance and the botched launch of the Explorer SUV.
Flow of Chinese tourists becomes a worrying trickle for Asia
BANGKOK (AP) — Asian nations have profited handsomely from the impressive growth in tourists from China over the past decade, but the specter of a rapidly spreading virus has raised concerns over industry prospects.
Business Highlights
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Its Wuhan plants shut, Honda reports quarterly profit drop
TOKYO (AP) — Japanese automaker Honda reported Friday a nearly 31% dive in its October-December profit as strong demand for its motorcycles failed to make up for falling vehicles sales.
S&P 500 slips for first time this week as momentum stalls
Wall Street closed out the market’s best week in eight months Friday with a broad slide as technology and health care stocks gave back some of their recent gains.
Uber, AbbVie rise; Wynn, Myrian Genetics fall on Wall Street
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
Official who was close to UAW president pleads guilty
DETROIT (AP) — A former senior official at the United Auto Workers pleaded guilty Friday to a broad corruption scheme, admitting that he conspired with others to conceal the use of union cash for vacation villas, g…
Fed signals steady interest rates as economic risks lessen
WASHINGTON (AP) — The Federal Reserve believes that downside risks to the U.S. economy have lessened with the easing of trade tensions and better prospects for global growth but officials note a concern that possib…
Auditor: More than $4M stolen from Mississippi welfare funds
JACKSON, Miss. (AP) — Mississippi's state auditor said Thursday that investigators believe at least $4 million in federal welfare money was stolen by the former head of the state welfare agency and others in the na…
Largest Nevada casinos report $2 billion gain in fiscal 2019
CARSON CITY, Nev. (AP) — Nevada’s largest casinos reaped more than $2 billion from gambling, food and beverage sales, room rentals and other factors during the 2019 fiscal year, state regulators reported Friday.
January US jobs report may provide clarity amid disruptions
WASHINGTON (AP) — With China's viral outbreak disrupting trade and Boeing's troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy's enduring…
Administration ends antitrust probe of 4 automakers, Calif.
WASHINGTON (AP) — The Trump administration has ended its antitrust probe into a deal between California and four of the world's biggest automakers, after failing to find that the companies' conduct violated the law…
California lawmaker wants labor law for freelancers changed
SACRAMENTO, Calif. (AP) — The author of a sweeping new California labor law said Thursday that she intends to ease its restrictions on freelance journalists and others after months of protests that it is already co…
Benetton fires famed photographer over insensitive remarks
MILAN (AP) — Photographer Oliviero Toscani made a career out of provocative advertising campaigns for Benetton, the Italian clothing brand famed for its colorful knitwear. But that decades-long relationship has bee…
So goes the neighborhood? Resort wrestles with rental rise
LAKE PLACID, N.Y. (AP) — Lake Placid is a picture-book village in the Adirondack Mountains offering tourists crisp air, pretty peaks, Winter Olympic sites and, lately, a lot more houses to rent for the weekend.