Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Local experts eye AI to help develop the future
MOSES LAKE — AI technology has been developing quickly over the last few years with multiple avenues and questions…
31.4% spring slide for a US economy likely to shrink in 2020
WASHINGTON (AP) — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time…
Court OK's $800M settlement for MGM Resorts, Vegas victims
LAS VEGAS (AP) — A court on Wednesday approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shoot…
The Latest: US extends ban on cruise ships through October
WASHINGTON — Federal health officials are extending the U.S. ban on cruise ships through the end of October amid reports of recent outbreaks of the new coronavirus on ships overseas.
Japan court orders gov't, TEPCO to pay in Fukushima disaster
TOKYO (AP) — A Japanese court on Wednesday found the government and the operator of the wrecked Fukushima nuclear plant negligent for failing to take measures to prevent the 2011 nuclear disaster, ordering them to …
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery rose 93 cents to $40.22 a barrel Wednesday. Brent crude oil for November delivery fell 8 cents to $40.95 a barrel.
Malaysia palm oil producer vows to clear name after U.S. ban
KUALA LUMPUR, Malaysia (AP) — Malaysian palm oil producer FGV Holdings Berhad vowed Thursday to “clear its name” after the U.S. banned imports of its palm oil over allegations of forced labor and other abuses.
Federal Reserve extends ban on big bank dividends, buybacks
NEW YORK (AP) — The Federal Reserve is extending until the end of the year its restrictions on large banks and financial services companies paying out dividends and buying back stock.
Tokyo trading stops over system failure, China on holiday
TOKYO (AP) — Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays.
Grits maker Geechie Boy Mill changes its name amid backlash
Geechie Boy Mill, a South Carolina maker of heirloom grits and other products, is changing its name to Marsh Hen Mill after critics charged it with appropriating Black culture.
Asia Today: South Korea has virus jump before holiday period
SEOUL, South Korea (AP) — South Korea has reported 113 new cases of COVID-19, its first daily increase over 100 in five days, as the country entered a holiday break that officials fear would possibly worsen transmi…
The Latest: US extends ban on cruise ships through October
WASHINGTON — Federal health officials are extending the U.S. ban on cruise ships through the end of October amid reports of recent outbreaks of the new coronavirus on ships overseas.
American Airlines says it will begin furloughing 19,000 workers after lawmakers, White House can't agree on relief deal
FORT WORTH, Texas (AP) — American Airlines says it will begin furloughing 19,000 workers after lawmakers, White House can't agree on relief deal.
The Latest: Georgia governor extends emergency COVID rules
ATLANTA — Georgia Gov. Brian Kemp is again extending his emergency rules regarding COVID-19 as the state surpasses 7,000 deaths from the respiratory illness.
Court OK's $800M settlement for MGM Resorts, Vegas victims
LAS VEGAS (AP) — A court on Wednesday approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shoot…
House approves second bill aimed at forced labor in China
WASHINGTON (AP) — For the second time in two weeks, the House on Wednesday approved a bill aimed at cracking down on U.S. imports of goods made with the forced labor of detained ethnic minorities in China.