Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Ephrata council considers park and transportation fees for new developments
EPHRATA — The Ephrata City Council continued discussions Wednesday on whether to adopt new park and transportation…
California reopens more widely as infections hit lowest rate
LOS ANGELES (AP) — More of California was cleared to reopen additional businesses Tuesday, including most of the San Francisco Bay Area and one of Southern California's largest counties, as coronavirus infection ra…
Report: German hospital cyberattack trail leads to Russia
BERLIN (AP) — IT experts investigating a cyberattack that paralyzed computer systems at a major hospital in western Germany say one of the trails they are following leads to Russia, German media reported Tuesday.
EU to UK: stop playing 'games' with Brexit trade talks
BRUSSELS (AP) — The European Union is pleading with Britain to stop playing “games" as time is running out to clinch a free trade deal over the next month.
Nike shakes off pandemic blues with surging online sales
NEW YORK (AP) — Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel.
Tesla CEO Elon Musk's next big bet rides on better batteries
SAN RAMON, Calif. (AP) — Tesla is working on new battery technology that CEO Elon Musk says will enable the company within the next three years to make sleeker, more affordable cars that can travel dramatically lon…
US homes sales rise 2.4% in August
SILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level since 2006 as the housing market recovers from a widespread shutdown in the spring brought on by the coronavirus outbreak.
Feds: Fraudster blew $30K in Vegas with virus loan money
PROVIDENCE, R.I. (AP) — A convicted bank robber from Rhode Island fraudulently obtained $600,000 in forgivable federal business loans and spent $30,000 in Las Vegas before being caught, federal prosecutors said Tue…
The Latest: Hollywood unions announce pandemic agreement
LOS ANGELES — Hollywood’s unions have announced that they have reached an agreement on pandemic protocols with major studios that will allow the broad resumption of production of films and television after six mont…
As Europe faces 2nd wave of virus, tracing apps lack impact
LONDON (AP) — Mobile apps tracing new COVID-19 cases were touted as a key part of Europe’s plan to beat the coronavirus outbreak. Seven months into the pandemic, virus cases are
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for November delivery rose 33 cents to $39.93 a barrel Wednesday. Brent crude oil for November delivery rose 5 cents to $41.77 a barrel.
Swedish central bank sees key interest rate at 0 for years
STOCKHOLM (AP) — Sweden’s central bank on Tuesday kept its main interest rate at zero and said it expects it to remain “at this level in the coming years” due to the economic uncertainty created by the virus pandem…
Powell and Mnuchin voice optimism but back more economic aid
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemic-induced recession with federa…
Business Highlights
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Mall titan Brookfield, Ralph Lauren both reducing workforce
NEW YORK (AP) — Brookfield Properties, one of the nation's largest mall operators, is cutting 20% of its workforce in its retail division, as the pandemic has accelerated online shopping and resulted in a string of…
Feds threaten funds to NYC, Seattle and Portland over unrest
WASHINGTON (AP) — The Justice Department identified New York City, Portland, Oregon, and Seattle as three cities that could have federal funding slashed under a memorandum by President Donald Trump that sought to i…