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…
Low-cost fashion chain H&M sees sales 16% drop due to virus
STOCKHOLM (AP) — Swedish low-cost fashion brand Hennes & Mauritz AB said Thursday its third quarter sales fell 16% to 51 million kronor ($ 5.7 million), largely as a result of the COVID-19 pandemic.
Water works: Local business supplies washing-up stations for firefighters
EPHRATA — The decals on the rear ambulance windows convey a clear message: “Zombie Outbreak Response Unit.”
Judge tosses case against CEO over plant fire during Harvey
HOUSTON (AP) — The case against the CEO of a chemical manufacturer on trial over a toxic fire at the company’s suburban Houston plant during Hurricane Harvey in 2017 ended Wednesday after the judge concluded that p…
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Former Audi chief on trial in VW diesel emissions scandal
FRANKFURT, Germany (AP) — The former head of Volkswagen's Audi luxury car division and three others went on trial Wednesday on charges related to the company's cheating on diesel car emissions tests. The proceeding…
Ex-UAW president pleads guilty in embezzlement scheme
DETROIT (AP) — The former president of the United Auto Workers pleaded guilty Wednesday to an embezzlement scheme, saying he suspected that union dues were being used for golf, lodging and fancy meals but “delibera…
US economy plunges at record rate of 31.4% in second quarter but third quarter likely to post record increase
WASHINGTON (AP) — US economy plunges at record rate of 31.4% in second quarter but third quarter likely to post record increase.
Secretive, never profitable Palantir makes market debut
BOSTON (AP) — Seventeen years after it was born with the help of CIA seed money, the data-mining outfit Palantir Technologies is finally going public in the biggest Wall Street tech offering since last year's debut…
Assange bugged while at Ecuadorian Embassy, UK court told
LONDON (AP) — Julian Assange's conversations in the latter part of his 7-year stay at the Ecuadorian Embassy in London were systematically bugged, even in the toilet, a London court heard Wednesday.
4th person killed in devastating California wildfire
SAN FRANCISCO (AP) — Flames devoured swaths of brush and trees in Northern California on Wednesday amid unseasonably hot and dry weather. Officials said wind-whipped flames led two firefighters to deploy the emerge…
Russian man sentenced for LinkedIn, Dropbox data breaches
SAN FRANCISCO (AP) — A Russian man convicted of hacking LinkedIn, Dropbox and Formspring and stealing the personal information of more than 100 million customers was sentenced Wednesday to more than seven years in …
Outage freezes Tokyo Stock Exchange, world's 3rd largest
TOKYO (AP) — Tokyo Stock Exchange officials said they were working to get trading back to normal by Friday after the bourse halted trading for the day due to what they said was a hardware and systems malfunction of…
US says it will block palm oil from large Malaysian producer
The United States will block shipments of palm oil from a major Malaysian producer that feeds into the supply chains of iconic U.S. food and cosmetic brands. It found indicators of forced labor, including concerns …
More Americans sign contracts to buy homes in August
SILVER SPRING, Md. (AP) — More Americans signed contracts to buy homes in August, suggesting the hot U.S. housing market will continue to churn well into fall.
Shell plans to cut up to 9,000 jobs as oil demand slumps
LONDON (AP) — Energy producer Royal Dutch Shell said Wednesday it's planning to cut between 7,000 and 9,000 jobs worldwide by the end of 2022 following a collapse in demand for oil and a subsequent slide in prices …