Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Dryer vent cleaning is important -- but often overlooked
MOSES LAKE — Not all the maintenance a house needs is visible. Sometimes a potential problem just goes unnoticed u…
US long-term mortgage rates fall; 30-year at 2.86%
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low.
EU calls planned UK law a serious violation of Brexit deal
LONDON (AP) — Instead of closing in on a future trade deal, the European Union and Britain entered a bitter fight Thursday over a planned British law that the EU says would constitute a serious violation of the Bre…
Germany: Nationwide warning test fails in some places
BERLIN (AP) — People in Germany braced themselves for shrieking sirens Thursday morning but instead got deafening silence in many places as the first test of the nationwide warning system in 30 years proved widely …
European Central Bank's stimulus program to keep on rolling
FRANKFURT, Germany (AP) — With almost a trillion euros still in the pipeline, the European Central Bank said Thursday that its emergency support program for the economy will run into next year, joining the Federal …
Jane Fraser to become Citi CEO; 1st woman to lead major bank
NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman to ever lead a Wall Street bank when she succeeds CEO Michael Corbat in February.
Singapore Airlines to cut 4,300 jobs due to pandemic
SINGAPORE (AP) — Singapore Airlines Group said Thursday it will eliminate 4,300 jobs due to the “long road to recovery" for the global aviation industry battered by the coronavirus pandemic.
EPL denies Newcastle's claim Saudi-led takeover was rejected
LONDON (AP) — The English Premier League has contested Newcastle’s assertion that a Saudi-led takeover of the club had been rejected, saying on Thursday it could still proceed if further information on the proposed…
Stocks claw back more lost ground as tech rallies again
NEW YORK (AP) — U.S. stocks are rising for a second day in early trading Thursday, as Wall Street recoups some more of its losses following a week of sudden, jarring shifts.
Citi picks Jane Fraser as next CEO, first woman in that role
NEW YORK (AP) — Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank.
UK's 'Moonshot' mass virus test plan met with skepticism
LONDON (AP) — Health experts on Thursday expressed strong skepticism about the British government’s ambitious plans to carry out millions of coronavirus tests daily in a bid to help people resume normal lives in th…
US layoffs remain elevated as job market's gains weaken
WASHINGTON (AP) — The number of Americans applying for unemployment benefits was unchanged last week at 884,000, a sign that layoffs remain stuck at a historically high level six months after the viral pandemic fla…
China says ambassador hacked in 'like' of pornographic tweet
BEIJING (AP) — The Chinese Embassy in the United Kingdom has demanded that Twitter investigate after its ambassador's official account liked a pornographic post on the social media platform.
Bargain chain Century 21 to shut down after nearly 60 years
NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is w…
US wholesale prices rise 0.3% in August as food costs drop
WASHINGTON (AP) — U.S. wholesale prices rose 0.3% in August, just half the July gain, as food and energy prices decline.
Russia says West trying to victimize Moscow over Navalny
MOSCOW (AP) — Russia’s top diplomat on Thursday accused the West of leveling accusations of poisoning top Kremlin critic Alexei Navalny without providing evidence, staunchly denying any official involvement.