Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
After lengthy discussion, Royal City food truck ordinance approved
ROYAL CITY — After more than a year of discussion, Royal City has a revised ordinance governing food trucks. “T…
FirstEnergy had big stake in tainted nuclear plant bailout
CLEVELAND (AP) — FirstEnergy Corp. was once blamed for its part in triggering North America's largest blackout nearly 20 years ago. Now, the multistate power company is again facing intense scrutiny — this time for…
Masks imposed on Paris; 20% of France in virus red zone
PARIS (AP) — The virus is actively circulating in about 20% of France’s regions and masks will now be required for everyone in Paris starting Friday — but the government is determined to
Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON (AP) — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level.
Oil and gas industry assesses damage at refineries, plants
NEW YORK (AP) — The energy industry is assessing damage caused by storm surges and high winds as Hurricane Laura cut a dangerous path across the coastlines of Texas and Louisiana, making landfall early Thursday.
U.S. economy plunged an annualized 31.7% in second quarter
BALTIMORE (AP) —
US long-term mortgage rates fall; 30-year at 2.91%
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, with historically low levels continuing to fuel demand for homes.
United will cut up to 2,850 pilots without more federal aid
CHICAGO (AP) — United Airlines said Thursday that it will furlough up to 2,850 pilots this fall unless the federal government provides more relief to help airlines cover their labor costs during a pandemic-fueled d…
More companies pledge to give workers time to vote
A growing number of U.S. companies are pledging to give workers time off to vote in the presidential election this November, an effort that’s gaining steam despite the government’s reluctance to make Election Day a…
US rolls out free app for alerts on vehicle recalls
DETROIT (AP) — The U.S. government's road safety agency is offering a smartphone app that will alert drivers if their vehicles are recalled.
Walmart joins Microsoft in bid for video app TikTok
Walmart is the latest company to want a piece of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration.
The Latest: China nears full re-opening of schools
BEIJING — China began moving into its final weekend before a full re-opening of schools amid continuing measures to prevent any further spread of coronavirus.
Small businesses in college towns struggle without students
ANN ARBOR, Mich. (AP) — Perry Porikos sat in the street outside one of his five businesses, in a makeshift patio area that didn’t exist before the COVID-19
EU Commission chief says her team could face a reshuffle
BRUSSELS (AP) — The European Union's executive is emerging from its summer vacation down a key official and with an additional big problem on its hands.
How major US stock indexes fared Thursday
The S&P 500 ticked further into record territory on Thursday after the Federal Reserve made a major overhaul to its strategy, one that could keep interest rates low for longer.
Markets higher as Fed chair says interest rates to stay low
Asian markets were mostly higher Friday after the Federal Reserve said it might keep interest rates low even if inflation rises, in a major overhaul to its strategy.