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…
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.
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.
Wall Street rallies to close out strong, but wild quarter
NEW YORK (AP) — U.S. stocks rallied on Wednesday, but only after zooming up, down and back up again in a fitting end to what was a wild month and quarter for Wall Street.
Judge approves $800M payout plan for Vegas shooting victims
LAS VEGAS (AP) — A court on Wednesday approved a total of $800 million in payouts from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shoot…
Moderna, Synnex rise; Micron, Enerpac Tool Group fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:
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…
The Latest: Studies: Immune system clue to virus reactions
NEW YORK — One of COVID-19′s scariest mysteries is why some people are mildly ill or have no symptoms and others rapidly die — and scientists are starting to unravel why.
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…
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.