Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Credit union shreds sensitive documents, collects for food bank
MOSES LAKE — The Moses Lake branch of Solarity Credit Union held a paper-shredding event Saturday. “We’re encou…
Automaker Daimler rebounds after lockdowns, raises outlook
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, saw third-quarter profit rebound as the company clamped down on costs and auto sales recovered after the coronaviru…
Brotherton Seed buys Warden seed facility
Brotherton Seed Co. is buying the Seminis Vegetable Seed facility in Warden for an undisclosed amount, according to a press release issued early Wednesday by Brotherton’s parent company, Netherlands-based Verisem.
Bloated public salaries at heart of Iraq's economic woes
BAGHDAD (AP) — Long-time Iraqi civil servant Qusay Abdul-Amma panicked when his monthly salary was delayed. Days of waiting turned to weeks. He defaulted on rent and other bills.
The Latest: UN chief urges G20 to unite on coronavirus fight
UNITED NATIONS — The U.N. chief says it’s “very frustrating” that leaders of the 20 major industrialized nations didn’t come together in March and establish a coordinated response to grapple with the coronavirus in…
Rising vacancies, declining rents squeezing apartment REITs
LOS ANGELES (AP) — The pandemic is squeezing big apartment building owners, with a surge in vacancies leading to a decline in rent growth for the first time in years.
Tesla 'full self-driving' vehicles can't drive themselves
DETROIT (AP) — Earlier this week, Tesla sent out its “full self-driving” software to a small group of owners who will test it on public roads. But buried on its website is a disclaimer that the $8,000 system doesn'…
Facebook, Twitter CEOs ordered to testify by GOP senators
WASHINGTON (AP) — The GOP push against Facebook and Twitter accelerated Thursday after Republican senators threatened the CEOs of the social media companies with subpoenas to force them to address accusations of ce…
Asian shares, US futures gain after last Trump-Biden debate
Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the Nov. 3 election.
FDA approves first COVID-19 drug: antiviral remdesivir
U.S. regulators on Thursday approved the first drug to treat COVID-19: remdesivir, an antiviral medicine given to hospitalized patients through an IV.
China hopes for change if Biden wins, but little likely
BEIJING (AP) — Chinese leaders hope Washington will tone down conflicts over trade, technology and security if Joe Biden wins the Nov. 3 presidential election. But any shift is likely to be in style, not substance,…
September existing home sales climb 9.4%, highest since '06
CHARLOTTE, N.C. (AP) — Sales of existing homes climbed 9.4% in September, the National Association of Realtors said Thursday, the latest sign that the housing market remains red hot despite the coronavirus pandemic…
Asia Today: S. Korean cases rise in hospitals, nursing homes
SEOUL, South Korea (AP) — South Korea recorded its highest increase in coronavirus cases in more than 40 days on Friday as more infections were reported at hospitals and nursing homes.
China vows retaliation if US proceeds with Taiwan arms sale
BEIJING (AP) — China has vowed to retaliate if the U.S. proceeds with the sale of advanced weaponry to Taiwan worth more than a billion dollars.
Bank robber flees with $500,000 in ex-Soviet Georgia
TBILISI, Georgia (AP) — Police in the ex-Soviet republic of Georgia were looking Thursday for a bank robber who held over 40 people hostage for hours before releasing them and escaping with $500,000 given to him by…
Biden calls for 'transition' from oil, GOP sees opening
Democrat Joe Biden's remark that he would “transition” away from oil in the U.S. in favor of renewable energy drew quick attention Thursday night from President Donald Trump, who saw it as a boon to his election ch…