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…
The Latest: UK records nearly 5,000 new virus cases
LONDON — The U.K. has recorded nearly 5,000 new coronavirus cases, in the latest spike of the epidemic that has seen restrictions tightened across the country.
Expert: Loads left cargo ship unstable when it overturned
SAVANNAH, Ga. (AP) — A U.S. Coast Guard analysis found that a cargo ship overturned after departing a Georgia seaport because of unstable loading that left its center of gravity too high, making the vessel suscepti…
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…
House Democrats hope to pass funding bill to avert shutdown
WASHINGTON (AP) — Democrats controlling the House pressed ahead Tuesday with a government-wide temporary funding bill that would keep federal agencies fully up and running into December and prevent a partial shutdo…
Canadian auto workers reach tentative contract with Ford
DETROIT (AP) — The union representing Canadian auto workers says it has reached a tentative three-year contract deal with Ford to build five new electric vehicles at a factory near Toronto.
Mall titan Brookfield to cut 20% of workforce in retail arm
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…
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.
Techies, investors, await news of Tesla battery potential
DETROIT (AP) — Tesla is expected to announce a breakthrough in electric vehicle battery chemistry on Tuesday that could bring down the cost of the vehicles and increase their range and durability.
US stocks mixed in early trading after 4-day losing streak
NEW YORK (AP) — Stocks are drifting in early trading on Wall Street Tuesday, with indexes mixed, a day after tumbling amid a raft of worries about the pandemic and governments’ response to it.
AP-NORC poll: Views of economy stabilize as election nears
WASHINGTON (AP) — Most Americans view the nation’s economic situation as bleak, but a rising percentage also see signs of stability six weeks before Election Day — if not reasons for optimism.
TikTok says coordinated attack behind suicide clip uploads
LONDON (AP) — TikTok says a video of a man apparently taking his own life that circulated on its platform was spread deliberately by a group of users working together.
US delegation pledges support to Serbia, Kosovo after deal
BELGRADE, Serbia (AP) — A U.S. delegation pledged Tuesday to move forward with helping to boost business and investment between Serbia and Kosovo after the former war foes agreed at the White House this month to wo…
The Latest: Mobile apps to trace virus get mixed reviews
LONDON — Mobile apps tracing coronavirus cases were touted as a key part of Europe’s plan to beat the coronavirus outbreak.
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…
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.