Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Hay now
MOSES LAKE — Klompen Farms of Royal City is this year’s hay growing royalty. Owners Bob and Anne Wieldraayer we…
Yum Brands ends 2019 strong, but China virus will hurt sales
KFC owner Yum Brands ended 2019 with better-than-expected sales, but the impact of the new virus in China could weigh heavily on its first quarter results.
US productivity up 1.7% in 2019, best gain in 9 years
WASHINGTON (AP) — U.S. productivity rebounded in the final three months of last year, helping to boost productivity growth for the year to the best showing in nearly a decade.
Virus impact: Airlines extend flights suspensions
BEIJING (AP) — Airlines are extending their suspension of flights to mainland China, while more retailers are putting an estimate on the economic damage they expect to incur from the virus outbreak in China.
US mortgage rates decline; 30-year loan lowest in 3 years
WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the third straight week, as the benchmark 30-year loan marked its lowest point in three years.
Strong 2Q for Tapestry, though China outbreak takes its toll
The luxury brand Tapestry handily beat quarterly profit expectations but warned that the virus outbreak in China is “significantly impacting” its business.
Lagarde: Central banks have less room to combat a downturn
FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde has warned that the world's central banks have less room to stimulate the economy in case there's a recession.
Germany sees hefty drop in factory orders in December
BERLIN (AP) — Factory orders in Germany declined by a hefty 2.1% in December compared with the previous month on a sharp drop in demand from other countries in the eurozone.
Appeals court weighs tribe’s quest for casino land
BOSTON (AP) — A Native American tribe's long running effort to secure sovereign land for a casino in Massachusetts is now in the hands of a federal appeals court in Boston.
Disconnect? Stocks rise despite fears over virus from China
NEW YORK (AP) — The virus outbreak out of China has exposed a seeming disconnect between the financial markets and science.
China cuts tariffs on $75B of US imports in trade truce
BEIJING (AP) — China cut tariffs on $75 billion of U.S. imports including soybeans, pork and auto parts Thursday in a trade truce with Washington while Beijing struggles with a costly virus outbreak.
Czech central bank lifts key interest rate to tame inflation
PRAGUE (AP) — The Czech Republic's central bank has surprisingly raised its key interest rate by a quarter-point to 2.25% in response to higher inflation rates, a move that's helped lift the country's currency to i…
Macy's plans to close corporate headquarters in Cincinnati
CINCINNATI (AP) — Macy's closed its corporate headquarters in downtown Cincinnati as part of its plan to shutter about a fifth of its retail locations nationwide.
Huawei, guarding US business, says Verizon violated patents
BEIJING (AP) — Chinese tech giant Huawei accused U.S. phone company Verizon of violating its patents in a lawsuit Thursday, broadening efforts to defend the company's business in the United States
Report: Poor visibility led Russian chopper to crash in sea
COPENHAGEN, Denmark (AP) — Poor visibility caused a Russian helicopter to crash into the Arctic Ocean Ocean with eight people on board who all perished, Norwegian accident investigators reported Thursday.
Spain's govt sets timing of talks with Catalonia leaders
BARCELONA, Spain (AP) — The Spanish government and leaders of the Catalonia region will start formal talks this month in a bid to end one of the biggest political crises since Spain's return to democracy in the lat…