Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interstate 90 to be closed beginning July 27 for Hansen Bridge demolition
MOSES LAKE — Drivers on Interstate 90 in Moses Lake should be prepared for detours beginning July 27 as the freewa…
Watchdog slams UK over secrecy in virus equipment contracts
LONDON (AP) — The British government spent billions without proper transparency in a scramble to secure protective equipment early in the coronavirus outbreak, the country’s public watchdog said Wednesday.
Sales surge at Lowe's as the homebound take on more projects
Lowe's sales surged in the third quarter more people took on projects at home during the epidemic.
Apple to cut app store fees as legal scrutiny intensifies
SAN RAMON, Calif. (AP) — Apple will cut its app store commissions in half for most developers beginning next year amid an intensifying debate about whether the iPhone maker has been using the fees to unfairly fatte…
UK insurance firm RSA agrees to $9.4 billion takeover offer
LONDON (AP) — RSA Insurance, one of the U.K.'s oldest insurance companies, agreed Wednesday to a takeover by Canadian and Danish buyers in a cash deal that values it at 7.2 billion pounds ($9.4 billion).
Pfizer: COVID-19 shot 95% effective, seeking clearance soon
Pfizer said Wednesday that new test results show its coronavirus vaccine is 95% effective, is safe and also protects older people most at risk of dying — the last data needed to seek emergency use of limited shot s…
Asia Today: Samoa leader appeals for calm after COVID case
WELLINGTON, New Zealand (AP) — The leader of the small Pacific nation of Samoa appealed for calm Thursday after the country reported its first positive test for the coronavirus, although a second test on the same p…
How major US stock indexes fared Wednesday
Technology and health care companies led a late-afternoon sell-off on Wall Street Wednesday, wiping out early gains for stocks.
Norwegian Air seeks bankruptcy protection, to restructure
COPENHAGEN, Denmark (AP) — Low-cost carrier Norwegian Air Shuttle said Wednesday it is seeking restructuring and bankruptcy protection in Ireland, where its fleet is held, saying the decision was “in the interest o…
The Latest: S Korea begins stronger limits in some areas
SEOUL, South Korea — South Korea has reported more than 300 new coronavirus cases for a second consecutive day as authorities begin enforcing toughened social distancing rules in some areas to fight a resurgence of…
Stockton mayor who pushed guaranteed income isn't reelected
SACRAMENTO, Calif. (AP) — One of the youngest mayors in the country, who garnered national attention for starting a privately funded program to give poor people $500 a month in guaranteed income, conceded that he l…
NRA pays $2.5M after NY probe into 'dangerous' insurance
ALBANY, N.Y. (AP) — The National Rifle Association is banned from marketing insurance in New York for five years and will pay $2.5 million to settle an investigation into “dangerous” policies promoted to gun owners…
World's biggest shipper remains wary of pandemic
COPENHAGEN, Denmark (AP) — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, said Wednesday that global container volumes increased by around 1% in the third quarter, a faster rebound than expecte…
German police fire water cannons at crowds in Berlin protesting coronavirus restrictions
BERLIN (AP) — German police fire water cannons at crowds in Berlin protesting coronavirus restrictions.
Los Angeles virus surge raises specter of stay-home order
LOS ANGELES (AP) — Los Angeles County’s coronavirus cases are rising so fast they could average more than 4,000 a day within three weeks and leave the nation’s most populous county on the cusp of a lockdown and cur…
Hacker closing out prison sentence in Chicago halfway house
CHICAGO (AP) — Computer hacker Jeremy Hammond, who is serving a 10-year prison sentence for breaking into computer systems of security firms and law-enforcement agencies, will serve out the remainder of his term in…