Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Local gas prices fall as summer driving season continues
MOSES LAKE — Drivers in Grant and Adams counties are seeing some relief at the pump after months of steadily risin…
Correction: Earns-Radian story
PHILADELPHIA (AP) — In a story Wednesday about Radian Group Inc.’s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that the …
Turkey replaces central bank head as lira sees record lows
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan on Saturday dismissed the head of the country’s central bank following a period of high inflation and record lows for the lira.
Demolition starts on big ship stranded 14 months off Georgia
SAVANNAH, Ga. (AP) — Using a heavy anchor chain like a saw, a towering crane Friday began cutting apart a cargo ship that's been stranded on the Georgia coast since it overturned nearly 14 months ago.
Qualcomm, Upwork rise; Hanesbrands, Incyte fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday:
Pandemic puts Indonesia into recession; 1st time in 20 years
JAKARTA, Indonesia (AP) — Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as the country struggles to control the coronavirus pandemic.
Stocks close a blistering week, even as uncertainty lingers
NEW YORK (AP) — Wall Street took a breather Friday after a blistering rally that gave the market its biggest weekly gain since April and indicated investors see plenty of benefits from more gridlock in Washington.
Hiring held last month but signs of caution as virus worsens
WASHINGTON (AP) — Defying fears of another slowdown, U.S. businesses kept hiring at a solid pace in October, yet there are signs they remain cautious about the economy's future as the pandemic worsens.
Marriott bounces back as activity in China surges
Marriott is reporting dramatic improvements in the third quarter as travel demand rebounded in China.
Plans for LNG terminal at German port being reconsidered
BERLIN (AP) — A German company said Friday it is re-evaluating plans for a liquefied natural gas terminal in the North Sea port of Wilhelmshaven after failing to receive sufficient commitments from potential custom…
Unemployment drops to 6.9% but US job growth slows again to 638,000 in face of surging pandemic
WASHINGTON (AP) — Unemployment drops to 6.9% but US job growth slows again to 638,000 in face of surging pandemic.
US consumer borrowing up $16.2 billion in September
WASHINGTON (AP) — U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months.
Asian stocks mixed after Wall Street election gains
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street rose amid protracted vote-counting following this week's U.S. elections.
Business Highlights
___
Malaysia to raise 2021 spending to counter virus impact
KUALA LUMPUR, Malaysia (AP) — Malaysia's government proposed a larger national budget in 2021 on Friday to help the coronavirus-hit economy rebound by up to 7.5% and provide increased handouts for the poor.
In Spain, coronavirus puts the poor at the back of the line
MADRID (AP) — Erika Oliva spends at least three hours a week standing in line at a soup kitchen.