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…
Raytheon doubles job cuts to 15,000, citing airline downturn
WALTHAM, Mass. (AP) — Raytheon Technologies Corp. plans to eliminate more than 15,000 jobs this year at its corporate offices, jet engine-maker Pratt & Whitney and aviation and military equipment manufacturer Colli…
Federal Reserve to seek inflation over 2%, keeps benchmark interest rate near zero; sees low rates at least through 2023
WASHINGTON (AP) — Federal Reserve to seek inflation over 2%, keeps benchmark interest rate near zero; sees low rates at least through 2023.
EU chief says UK cannot change EU-UK withdrawal agreement
BRUSSELS (AP) — The president of the European Union's executive arm said Wednesday that the United Kingdom cannot unilaterally change the bilateral Brexit agreement without destroying global trust in the country.
Sony's new $500 PlayStation 5 will launch Nov. 12
Sony's upcoming PlayStation 5 video game console will cost $500 and launch Nov. 12, the company said Wednesday, setting up a holiday battle with Microsoft's Xbox Series X over whose new console will turn up under m…
US proposes gradual rollout of free COVID-19 vaccines, most requiring 2 doses, as public remains skeptical about safety
WASHINGTON (AP) — US proposes gradual rollout of free COVID-19 vaccines, most requiring 2 doses, as public remains skeptical about safety.
FedEx, AMC Networks rise; Spotify, NextEra fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday:
Trump disputes health officials, sees mass vaccinations soon
WASHINGTON (AP) — Openly contradicting the government's top health experts, President Donald Trump predicted Wednesday that a safe and effective vaccine against the coronavirus could be ready as early as next month…
Woman guilty in scheme to ship military boats to China
JACKSONVILLE, Fla. (AP) — A Florida woman has been convicted in a scheme to buy and ship inflatable military boats from the United States to China.
Politics creates economic illusion in Houdini’s hometown
APPLETON, Wis. (AP) — Nothing can shake Scott Rice’s faith that President Donald Trump will save the U.S. economy — not seeing businesses close or friends furloughed, not even his own hellish bout with the novel co…
US charges 5 Chinese citizens in global hacking campaign
WASHINGTON (AP) — The Justice Department has charged five Chinese citizens with hacks targeting more than 100 companies and institutions in the United States and abroad, including social media and video game compan…
How major US stock indexes fared Wednesday
Stocks closed lower on Wall Street Wednesday after a brief rally faded in the last hour of trading. Losses by technology companies outweighed gains in banks and elsewhere in the market.
Cyprus: EU sanctions an option to halt Turkey's gas search
NICOSIA, Cyprus (AP) — The European Union shouldn’t discard imposing tougher sanctions to get Turkey to give up an “unlawful” hydrocarbons search in the eastern Mediterranean that has ratcheted up tensions, the pre…
Phone flip: New Quibi series 'Wireless' empowers the viewer
NEW YORK (AP) — Most directors insist on having final edit approval of their films. Not the creators of “Wireless.”
Voters see economy through political lens in polarized era
APPLETON, Wis. (AP) — Nothing can shake Scott Rice’s faith that President Donald Trump will save the U.S. economy — not seeing businesses close or friends furloughed, not even his own hellish bout with the novel co…
Fed sees rates near zero through 2023, perhaps longer
WASHINGTON (AP) — With the economy still struggling to recover from the pandemic recession, Federal Reserve policymakers