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…
NYU to remove Sackler name following Purdue Pharma deal
NEW YORK (AP) — New York University's Langone Medical Center will strip the Sackler name from its biomedical institute following the Justice Department's
Huawei sales up, but growth slows under virus, US pressure
BEIJING (AP) — Chinese tech giant Huawei, one of the biggest makers of smartphones and switching equipment, said Friday its revenue rose 9.9% in the first nine months of this year, but growth decelerated in the fac…
Pandemic hurts AT&T in 3rd quarter; wireless unit stable
NEW YORK (AP) — The pandemic continued to hit AT&T through the third quarter as closed theaters, wary U.S. moviegoers and the Hollywood shutdown hurt its WarnerMedia movie and TV business.
Profit, revenue slump at Union Pacific, but volume improves
OMAHA, Neb. (AP) — Union Pacific's profit and revenue slumped by double digits, though the volume of shipments it handled rebounded from the previous quarter as the economy emerged from the worst of the virus-relat…
Subsidiary of Goldman Sachs pleads guilty, agrees to $2B settlement in foreign corruption probe of Malaysian wealth fund
WASHINGTON (AP) — Subsidiary of Goldman Sachs pleads guilty, agrees to $2B settlement in foreign corruption probe of Malaysian wealth fund.
Walmart sues US in pre-emptive strike in opioid abuse battle
NEW YORK (AP) — Walmart is suing the U.S. government in a pre-emptive strike in the battle over its responsibility in the opioid abuse crisis.
Business Highlights
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Analysis: Racial inequity in who takes career, tech courses
Alphina Kamara wonders what might have happened if she’d been introduced to science and engineering careers at her high school in Wilmington, Delaware.
British Airways parent company slashes passenger forecast
LONDON (AP) — The parent company of British Airways has cut its fourth-quarter passenger forecast to just 30% of last year’s level as government restrictions imposed to control a new wave of coronavirus infections …
AP Explains: Why are UK and EU still arguing over Brexit?
LONDON (AP) — It’s more than four years since Britain voted to leave the European Union, and almost a year since Prime Minister Boris Johnson won an election by vowing to “get Brexit done.”
Goldman Sachs subsidiary pleads to US charges in 1MDB probe
WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted o…
Turkey central bank keeps rate on hold despite currency drop
ISTANBUL (AP) — Turkey’s Central Bank kept its key interest rate on hold at 10.25% on Thursday, despite market expectations for an increase that would help support the currency.
US: Russian hackers targeting state, local networks
WASHINGTON (AP) — U.S. officials said Thursday that Russian hackers have targeted the networks of dozens of state and local governments in the United States in recent days, stealing data from at least two servers. …
US long-term mortgage rates hit new low; 30-year at 2.80%
WASHINGTON (AP) — U.S. long-term mortgage rates slipped this week as the key 30-year loan marked a new all-time low for the 11th time this year.
California court says Uber, Lyft drivers are employees
SAN FRANCISCO (AP) — A California appeals court on Thursday upheld an order requiring Uber and Lyft to treat their California drivers as employees instead of independent contractors, less than two weeks before vote…