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…
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 …
Japan's 'tankan' economy survey shows improved sentiment
TOKYO (AP) — Japanese manufacturers’ sentiments improved for the first time in three years, a quarterly Bank of Japan survey showed Thursday, as the nation grappled with stagnation worsened by the coronavirus pande…
Moderna, Synnex rise; Micron, Enerpac Tool Group fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:
Ford recalls over 700K vehicles; backup cameras can go dark
DETROIT (AP) — Ford is recalling more than 700,000 vehicles in North America because the backup cameras can show distorted images or suddenly go dark.
Court upholds decision to prevent Wyoming coal merger
GILLETTE, Wyo. (AP) — A federal court said it would uphold a Federal Trade Commission decision to block a proposed merger between two leading Wyoming coal companies.
American, United to furlough 32,000 as time runs out on aid
American Airlines and United Airlines say they will begin to furlough 32,000 employees after lawmakers and the White House failed to agree on a broad pandemic relief package that includes more federal aid for airli…
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.
California governor signs corporate boardroom diversity law
SACRAMENTO, Calif. (AP) — Hundreds of California-based corporations must have directors from racial or sexual minorities on their boards under a first-in-the-nation bill signed Wednesday by Gov. Gavin Newsom.
Uber, Lyft look to kill California law on app-based drivers
LOS ANGELES (AP) — Californians are being asked to decide if Uber, Lyft and other app-based drivers should remain independent contractors or be eligible for the benefits that come with being company employees.
$215M in BP oil spill money to restore Louisiana marshes
BATON ROUGE, La. (AP) — Louisiana will get nearly $215 million in BP oil spill money for two projects planned to restore more than 4,600 acres of marsh and other habitat in the New Orleans area, Gov. John Bel Edwar…
Push to bring coronavirus vaccines to the poor faces trouble
LONDON (AP) — An ambitious humanitarian project to deliver coronavirus vaccines to the world's poorest people is facing potential shortages of money, cargo planes, refrigeration and vaccines themselves — and is run…
Cardinal Pell returns to Vatican mired in financial scandal
ROME (AP) — Cardinal George Pell, who left the Vatican in 2017 to face child sexual abuse charges in Australia, returned to Rome on Wednesday to find a Holy See mired in the type of corruption scandal he worked to …