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…
JetBlue is the latest airline to retreat from blocking seats
The days of airlines blocking seats to make passengers feel safer about flying during the pandemic are coming closer to an end.
Pending home sales cool in September, down 2.2%
CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said Thursday, the first monthly contraction of that figure in four months.
Train derails in southeast Texas, forcing evacuations
MAURICEVILLE, Texas (AP) — A freight train derailed Thursday in southeast Texas, prompting authorities to urge nearby residents to evacuate their homes as hazmat crews assessed the damage, the Orange County sheriff…
Surge in virus threatens to reverse global economic rebounds
WASHINGTON (AP) — The resurgence of coronavirus cases engulfing the United States and Europe is imperiling economic recoveries on both sides of the Atlantic as millions of individuals and businesses face the prospe…
Pelosi, Trump administration trade blame over virus aid
WASHINGTON (AP) — The major players in Washington's COVID-19 relief blame game lobbed familiar volleys on Thursday, marking time in the days before an election that promises to change the landscape for talks that h…
S. Korea's top court upholds ex-leader's 17-year jail term
SEOUL, South Korea (AP) — South Korea’s top court upheld a 17-year prison sentence on former President Lee Myung-bak for a range of corruption crimes in a final ruling Thursday that will send him back to prison soo…
Exxon to cut 1,900 US jobs as oil industry struggles
NEW YORK (AP) — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce as the pandemic saps demand for fuel.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for December delivery fell $1.22 to $36.17 a barrel Thursday. Brent crude oil for December delivery fell $1.47 to $37.65 a barrel.
EU digital boss: New rules to curb big tech aim for fairness
LONDON (AP) — The European Union is set to propose new laws to rein in the power of big tech companies, including measures to ensure customers are protected, smaller rivals are treated fairly, and illegal content i…
Harris target of more misinformation than Pence, data shows
CHICAGO (AP) — Long before Democratic presidential nominee Joe Biden announced her as his running mate, Kamala Harris was the target of widespread online misinformation.
German unemployment drops unexpectedly in October
BERLIN (AP) — Unemployment in Germany fell unexpectedly in October, according to statistics released Thursday, suggesting that Europe's largest economy was beginning to shake off the negative impact of the coronavi…
Airbus reports new pandemic losses, but stops bleeding cash
PARIS (AP) — Struggling plane maker Airbus says new European virus lockdown measures are making its life “a bit more difficult,” as it announced 1 billion euros ($1.16 billion) in pandemic-related losses for the th…
Marvell snags Inphi in yet another semiconductor tie-up
SANTA CLARA, Calif. (AP) — The pace of consolidation in the semiconductor industry continues to accelerate with Marvell Technology saying Thursday that it will pay $10.63 billion for Inphi in a cash-and-stock deal.
Trump's diversity training order faces lawsuit
New York (AP) — Three civil rights groups filed a lawsuit Thursday challenging President Donald Trump's executive order that prohibits federal agencies, contractors and grant recipients from offering certain divers…
Ford, Pinterest rise; eBay, Marvell Technology fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: