Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Palos Verdes moves into Moses Lake
MOSES LAKE — One of Othello’s biggest developers just started its first new housing development in Moses Lake. …
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery fell 6 cents to $40.25 a barrel Friday. Brent crude oil for November delivery fell 2 cents to $41.92 a barrel.
Powerful Vatican Cardinal Becciu resigns amid scandal
ROME (AP) — The powerful head of the Vatican's saint-making office, Cardinal Angelo Becciu, resigned suddenly Thursday from the post and renounced his rights as a cardinal amid a financial scandal that has reported…
Justice Dept. expected to file antitrust action vs. Google
WASHINGTON (AP) — The Justice Department is expected to bring an antitrust action against Google in coming weeks, focusing on its dominance in online search and whether it was used to stifle competition and hurt co…
Ex-Backpage execs want judge in their criminal case recused
PHOENIX (AP) — Former executives of Backpage.com are seeking the recusal of the federal judge presiding over a criminal case in which they are accused of knowingly publishing ads for sexual services, arguing that s…
BMW fined $18 million for inflating monthly US sales figures
DETROIT (AP) — BMW will pay an $18 million fine to settle allegations that it inflated its U.S. monthly sales numbers for five straight years.
Mnuchin and Powell back jobless aid and small business loans
WASHINGTON (AP) — Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell said Thursday that the government’s top priorities in any new economic relief package should be to provide affordable l…
Iowa fines beef plant $957 after huge coronavirus outbreak
IOWA CITY, Iowa (AP) — Iowa regulators have issued their first citation to a meatpacking plant with a large coronavirus outbreak that sickened its workforce — a $957 fine for a minor record-keeping violation.
Assange 'binge-watched' suicide of ex-Bosnian Croat general
LONDON (AP) — Julian Assange relayed how he “binge-watched” the suicide of the former Bosnian Croat general in a U.N. courtroom three years ago, a doctor who visited the WikiLeaks founder on several occasions while…
As virus surges, critics say UK hasn't learned from mistakes
LONDON (AP) — Britain bungled its response to the coronavirus the first time around. Now many scientists fear it’s about to do it again.
China auto show forging ahead under anti-virus controls
BEIJING (AP) — The first event for the CEO of Swedish electric car brand Polestar at this month’s Beijing auto show: A two-week quarantine in a hotel.
Apple's smaller rivals unite to fight iPhone app store rules
WASHINGTON (AP) — Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for “fair treatment” in the way the tech giant runs its app store.
House backs bill to boost 'clean energy,' enhance efficiency
WASHINGTON (AP) — The House has approved a modest bill to promote “clean energy” and increase energy efficiency while phasing out the use of coolants in air conditioners and refrigerators that are considered a majo…
Innocent Madoff investors must pay back profits, court rules
NEW YORK (AP) — Investors who profited from Bernard Madoff’s massive Ponzi scheme even though they knew nothing of it must still pay back their profits, an appeals court decided Thursday.
Mortgage rates tick up to 2.9%, remain at historic lows
SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels.
Russian pleads not guilty in foiled Tesla ransomware plot
RENO, Nev. (AP) — A Russian citizen accused of offering a Tesla employee $1 million to enable a ransomware attack at the electric car company's plant in Nevada denied wrongdoing Thursday before a federal magistrate…