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…
Tesla posts net profit for fifth straight quarter
DETROIT (AP) — Tesla charged through a summertime auto industry sales slump in the U.S. to post stronger-than-expected net earnings for the third quarter.
Fiat Chrysler hires 4,100 Detroit residents for new plant
DETROIT (AP) — Fiat Chrysler has hired about 4,100 Detroit residents, and most if not all of them will be employed at a new auto plant on the city’s east side.
Pandemic widens learning gap in education-obsessed S. Korea
SEOUL, South Korea (AP) — When South Korea began its delayed school year with remote learning in April, that spelled trouble for low-income students who rely on public education, get easily distracted and cannot af…
Verizon tops profit expectations in the third quarter
NEW YORK (AP) — Verizon Communications Inc. on Wednesday reported third-quarter profit of $4.36 billion.
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…