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…
EU slaps sanctions on 2 Russians over Germany cyberattack
BRUSSELS (AP) — The European Union on Thursday imposed sanctions on two Russian officials and part of Russia’s GRU military intelligence agency over a cyberattack against the German parliament in 2015.
Santa Claus won't be coming to Macy's this year
NEW YORK (AP) — Macy's said Santa Claus won't be greeting kids at its flagship New York store this year due to the coronavirus, interrupting a holiday tradition started nearly 160 years ago.
The Latest: Africa health officials look to rapid tests
GENEVA — Health officials in Africa say the roll-out of new rapid diagnostic tests on the continent could be a “game-changer” in the fight against the coronavirus.
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…
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…
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…
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.
US stocks flip-flop amid profit reports, stimulus talks
NEW YORK (AP) — U.S. stocks are drifting on Thursday as more big companies report profits for the summer that weren't as bad as Wall Street feared.
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.
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…
American, Southwest, Alaska add to airline loss parade in 3Q
DALLAS (AP) — Airlines are piling up billions of dollars in additional losses as the pandemic chokes off air travel, but a recent uptick in passengers, however modest, has provided some hope.
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…
Stocks drift on Wall Street amid not-so-bad profit reports
NEW YORK (AP) — U.S. stocks are drifting on Thursday as more big companies report profits for the summer that were better than Wall Street feared.
September existing home sales climb 9.5%, 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…