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…
CSX profit falls 14% but railroad announces $5B buyback
OMAHA, Neb. (AP) — CSX's third-quarter profit fell 14% but the railroad said it handled nearly as many shipments as last year, as volume recovered from the depths of the shutdowns earlier this year.
An electric Hummer? Battery-powered trucks head to showrooms
DETROIT (AP) — Seven auto companies have plans to roll out new battery-powered pickup trucks over the next two years, aiming to cash in on a popular and lucrative market for expensive vehicles.
Pandemic relief faces uncertainty in postelection session
WASHINGTON (AP) — Negotiations on a COVID-19 relief bill are inching forward, but it's clear the window for action before the Nov. 3 election is closing and the issue will be tossed to a postelection lame-duck sess…
Honda, Arizona reach $5 million settlement over air bags
PHOENIX (AP) — Honda has agreed to a $5 million settlement with Arizona over allegations that it failed to disclose defects in air bags that led to two deaths there, the state's top attorney said Wednesday.
Nonprofit app aims to help unblock global air travel
FRANKFURT, Germany (AP) — A nonprofit foundation is testing a smartphone app that could make it easier for international airline passengers to securely show they've complied with COVID-19 testing requirements. It's…
California theme park closures hit jobs, shops, budget
California's amusement parks have been pining to reopen for months, hoping to bring back thousands of workers sent home in March when the coronavirus pandemic forced them to close their gates.
Spain's parliament debates no-confidence vote to oust govt
MADRID (AP) — Spanish Prime Minister Pedro Sánchez is facing a no-confidence debate in parliament brought by the nation’s far-right Vox party, but it appears the maneuver lacks the necessary votes to topple the gov…
Asian stocks follow Wall Street lower on lack of US aid plan
BEIJING (AP) — Asian stocks followed Wall Street lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 preside…
ILO says garment industry should do more to help workers
MITO, Japan (AP) — The coronavirus pandemic has slammed the apparel industry, leaving many of the 65 million Asian garment factory workers struggling as factories close or cut back on wages, and the International L…
Officials tell AP that OxyContin maker Purdue Pharma will plead guilty to federal charges, agree to $8 billion-plus deal
WASHINGTON (AP) — Officials tell AP that OxyContin maker Purdue Pharma will plead guilty to federal charges, agree to $8 billion-plus deal.
Greece sells 15-year bond to bolster reserves amid pandemic
ATHENS, Greece (AP) — Greece has raised 2 billion euros in a 15-year bond issue, the country’s finance minister said Wednesday, taking advantage of low interest rates to bolster cash reserves amid the coronavirus p…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for December delivery fell $1.67 cents to $40.03 a barrel Wednesday. Brent crude oil for December delivery fell $1.43 to $41.73 a barrel.
UK says post-Brexit trade talks with EU to resume in London later this week, days after it said they were over
LONDON (AP) — UK says post-Brexit trade talks with EU to resume in London later this week, days after it said they were over.
Trump environmental rollback spurs mining near Okefenokee
SAVANNAH, Ga. (AP) — A mining company said Tuesday that it plans to dig for minerals without a federal permit at the edge of the vast wildlife refuge in the Okefenokee Swamp, a big step for a once-embattled project…
After explosive growth at Square, Chase launches own version
NEW YORK (AP) — After watching the explosive growth at electronic payment start-ups like Jack Dorsey’s Square, JPMorgan Chase has launched its own version to lure small business owners increasingly relying on techn…