Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Grant, Douglas and Chelan PUDs consider collaboration on geothermal energy
WENATCHEE — Three Central Washington public utility districts are exploring whether geothermal energy could become…
Scaled-back Thanksgiving plans leave turkey farmers in limbo
For the turkey industry, this Thanksgiving is a guessing game.
Airbnb sets up endowment, council for hosts ahead of IPO
Airbnb is setting up an endowment fund to support its 4 million hosts as part of its upcoming initial public offering.
Ohio utility at center of $60 million bribery case fires CEO
TOLEDO, Ohio (AP) — A power company under investigation for its role in an alleged $60 million bribery scheme involving one of Ohio’s most powerful politicians fired its chief executive following an internal review.
Losses mount for oil majors as pandemic grips global economy
NEW YORK (AP) — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtails travel and cripples global economic activity.
2 more ex-eBay employees admit to roles in harassment scheme
BOSTON (AP) — Two more former eBay Inc. employees have admitted to their roles in a campaign to terrorize a Massachusetts couple with threatening social media messages and disturbing deliveries of things like live …
US wages and benefits grow at sluggish pace amid pandemic
WASHINGTON (AP) — Wages and benefits for U.S. workers grew slowly this summer as employers sought to hold the line on pay gains in the midst of the pandemic.
US consumer spending rose a moderate 1.4% in September
WASHINGTON (AP) — U.S. consumers increased their spending by 1.4% in September, a modest gain but far less than the big increases of late spring, adding to concerns that Americans remain cautious with the viral pan…
Global travel and tourism projected to shed 174 million jobs
LONDON (AP) — The global travel and tourism industry is on course to lose 174 million jobs this year if current restrictions to curb the spread of the coronavirus remain in place, a leading industry group warned Fr…
Germany shuts down Telegram-based drugs marketplaces
BERLIN (AP) — German authorities said Friday that they have shut down online marketplaces for illegal drugs that used the encrypted messaging service Telegram.
US consumer spending rose a slight 1.4% last month as Americans remain wary with pandemic still slowing economy
WASHINGTON (AP) — US consumer spending rose a slight 1.4% last month as Americans remain wary with pandemic still slowing economy.
Protest outside Japan's Mitsubishi over wartime forced labor
TOKYO (AP) — About a dozen people protested outside the headquarters of Mitsubishi Heavy Industries in Tokyo on Friday, demanding Japanese companies pay compensation for their wartime abuse of Korean laborers.
Exxon, Chevron lose $887 million as pandemic pain continues
NEW YORK (AP) — Exxon Mobil lost $680 million in the third quarter as the global pandemic curtailed travel throughout the world, diminishing the need for fuel.
The Latest: Germany reports new daily record of 18,681 cases
BERLIN — German authorities have added almost all Austria and Italy to the list of high-risk areas for COVID-19.
Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT, Germany (AP) — The European economy grew by an unexpectedly large 12.7% in the third quarter as companies reopened after severe coronavirus lockdowns, but the rebound is being overshadowed by worries tha…
The Latest: Coronavirus deaths in Hungary hit all-time high
BUDAPEST, Hungary— The number of coronavirus-related deaths in Hungary rose to an all-time high on Friday, prompting the government to tighten oversight over compliance with regulations to stem the spread of infect…