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…
Democrats unveil temporary funding bill to avert shutdown
WASHINGTON (AP) — Democrats controlling the House unveiled a government-wide temporary funding bill on Monday that would keep federal agencies fully up and running into December. The measure would prevent a partial…
Bank shares slide on report of rampant money laundering
The financial sector was hit hard Monday following a report alleging that a number of banks, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them, have continued to profit f…
Lufthansa pulls more big jets, issues gloomy outlook
German airline Lufthansa, already bailed out by the government, says it will have to make more staff cuts and mothball more jumbo jets than originally planned because the outlook for air travel is worse than the co…
US household wealth hits record even as economy struggles
WASHINGTON (AP) — Americans' household wealth rebounded last quarter to
EU sanctions Turkish firm over Libya arms embargo violations
BRUSSELS (AP) — The European Union on Monday slapped sanctions on three transport companies for violating the U.N. arms embargo on Libya, including the Turkish shipping firm that operates a vessel at the center of …
S&P 500 loses 2.5%, Dow losses reach 900 amid global tumble
NEW YORK (AP) — Stocks are falling sharply on Wall Street Monday, joining a global tumble for markets as the S&P 500 sinks more than 2.5%.
GAO: Millions in danger of missing coronavirus payments
WASHINGTON (AP) — A government watchdog says millions of Americans are in danger of missing coronavirus relief payments of up to $1,200 per individual because of incomplete government records.
Central bank head: Europe's recovery uncertain, incomplete
FRANKFURT, Germany (AP) — The head of the
The Latest: Italian voters turn out in droves despite virus
ROME — Italians have turned out in droves to vote in regional elections and on a referendum on cutting the number of parliamentarians by a third, despite the coronavirus and strict hygiene protocols at all polls.
The Latest: Yangon adopts stricter lockdown measures
YANGON, Myanmar — Myanmar’s biggest city, Yangon, on Monday began its first day under a tightened lockdown, with initial enforcement measures appearing lax.
Bank shares slide on reports of rampant money laundering
Shares of some major banks are tumbling before the market open Monday following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to prof…
Abu Dhabi, UAE's conservative capital, ends alcohol licenses
DUBAI, United Arab Emirates (AP) — Abu Dhabi, the conservative capital of the United Arab Emirates, is eliminating its licensing system for alcohol purchases for drinkers after Dubai repeatedly loosened its own rul…
Key EU states worry South America trade pact may hurt Amazon
BRUSSELS (AP) — EU countries remained divided Monday on whether to approve a preliminary free trade deal drafted last year with South American countries because of concerns related to the Amazon deforestation and t…
Founder of GM electric truck partner quits amid allegations
FRANKFURT, Germany (AP) — Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud — just two weeks after signing a $2 billion pa…
Liz Weston: Fear of bankruptcy holds too many people back
The mystery isn’t why so many people file for bankruptcy each year. It’s why more people don’t.