Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
A year of successes
MOSES LAKE — Downtown Moses Lake has had a pretty good year. “I think people are starting to recognize that th…
CEO says Southwest needs union pay cuts to avoid furloughs
DALLAS (AP) — Southwest Airlines will cut pay for nonunion workers in January and says union workers must also accept less pay or face furloughs next year as the pandemic continues to hammer the airline business.
Software company founder McAfee charged with tax evasion
MEMPHIS, Tenn. (AP) — Antivirus software entrepreneur John McAfee has been charged with evading taxes after failing to report income made from promoting cryptocurrencies while he did consulting work, made speaking …
Minneapolis restaurant quarantines 13 who worked Trump event
MINNEAPOLIS (AP) — Thirteen staff members from a Minneapolis steakhouse were quarantining after the restaurant catered a fundraiser attended by President Donald Trump during his visit to Minnesota last week, the re…
CEOs of 3 tech giants to testify at Oct. 28 Senate hearing
WASHINGTON (AP) — The CEOs of technology giants Facebook, Google and Twitter are expected to testify for an Oct. 28 Senate hearing on tech companies’ control over hate speech and misinformation on their platforms.
Regeneron, MyoKardia rise; DraftKings, AMC fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday:
3 dead, 1 hurt after partial building collapse in Houston
HOUSTON (AP) — Three workers were killed Monday when a stairwell collapsed inside a high-rise building under construction in Houston, according to fire department officials.
Stocks jump on stimulus hopes, Trump's hospital departure
NEW YORK (AP) — Wall Street rallied Monday as hopes for economic aid from Washington helped it recover all its knee-jerk losses after learning President Donald Trump tested positive for the coronavirus.
The Latest: British officials investigating reporting glitch
LONDON — The British government has launched an investigation into how nearly 16,000 new coronavirus infections went unreported as a result of a technical glitch.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery rose $2.17 to $39.22 a barrel Monday. Brent crude oil for December delivery rose $2.02 to $41.29 a barrel.
CEOs of 3 social media giants to testify at Senate hearing
WASHINGTON (AP) — The CEOs of technology giants Facebook, Google and Twitter are expected to testify for an Oct. 28 Senate hearing on tech companies’ control over hate speech and misinformation on their platforms.
Mexico announces $14 billion in infrastructure projects
MEXICO CITY (AP) — Mexico’s president announced a program of 39 joint public-private infrastructure projects Monday worth about $14 billion to help revive the economy, which has been pummeled by the coronavirus pan…
Jewish sukkah rises at base of world's tallest tower in UAE
DUBAI, United Arab Emirates (AP) — Visitors to the world’s tallest building, a tapering cylinder of aluminum and glass that has become emblematic of modern Dubai, may encounter an unlikely sight this week: a small,…
Nvidia says it will build UK's most powerful supercomputer
LONDON (AP) — Graphics chip maker Nvidia said Monday it plans to build Britain's fastest supercomputer that healthcare researchers can use to work on medical problems including COVID-19.
The Latest: Europol issues warning about pandemic cybercrime
THE HAGUE, Netherlands — The European Union police agency says in a new report that cybercriminals are cashing in on the coronavirus crisis by targeting people and companies that are spending more time online due t…
Service sector grows for the 4th consecutive month
WASHINGTON (AP) — The U.S. services sector, where most Americans work, grew for a fourth straight month in September as the country continued to reopen following a spring shutdown.