Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
Virus flareups in Europe lead to club closings, mask orders
PARIS (AP) — New flareups of COVID-19 are disrupting the peak summer vacation season across much of Europe, where authorities in some countries are reimposing restrictions on travelers, closing nightclubs again, ba…
Miami man pleads guilty of defrauding foreign investors in Vermont’s largest fraud case, over biotechnology plant plan
BURLINGTON, Vt. (AP) — Miami man pleads guilty of defrauding foreign investors in Vermont’s largest fraud case, over biotechnology plant plan.
India to invest $1.46 trillion to lift virus-hit economy
NEW DELHI (AP) — India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy.
Judge refuses to reconsider GM lawsuit against Fiat Chrysler
A federal judge in Detroit said Friday that he will not reconsider his July dismissal of General Motors’ racketeering lawsuit against Fiat Chrysler Automobiles.
American considering cutting flights to many smaller cities
DALLAS (AP) — American Airlines is planning to drop flights to up to 30 smaller U.S. cities if a federal requirement to continue those flights expires at the end of next month, an airline executive familiar with th…
The Latest: S Korea concerned as new cases spike above 100
SEOUL, South Korea — South Korea is reporting 103 new coronavirus cases. It is one of the country’s biggest daily jumps in months, and officials are expressing concern that infections are getting out of control in …
US industrial production up 3%; factory output up 3.4%
WASHINGTON (AP) — American industry continued to regain ground lost in the coronavirus recession last month, but production remains well below where it was before the pandemic struck.
Trump orders Chinese owner of TikTok to sell US assets
WASHINGTON (AP) — President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States.
Major US postal workers union endorses Biden for president
WASHINGTON (AP) — A major union representing U.S. postal workers has endorsed Democrat Joe Biden for president, a move that comes as President Donald Trump has acknowledged starving the postal service of money in o…
Mexico's central bank lowers prime rate to 4.5%
MEXICO CITY (AP) — Mexico’s central bank decided Thursday to lower its prime interest rate by a half-point to 4.5% amid a sharp economic downturn and rising inflation due to the coronavirus pandemic.
The Latest: S Korea fears infections getting out of control
SEOUL, South Korea — New coronavirus cases in South Korea have reached the highest level in five months, and authorities fear infections are getting out of control in the Seoul region, which is home to half the cou…
Miami businessman pleads guilty in Vermont ski fraud case
A Miami businessman accused of being the mastermind behind the largest fraud case in Vermont's history pleaded guilty on Friday over a failed plan to build a biotechnology plant using tens of millions of dollars in…
Mexico's Acapulco hopes for rebound as virus, violence drop
MEXICO CITY (AP) — Mexico’s Pacific coast resort of Acapulco is putting its hopes on a return of tourists as the number of coronavirus cases drops and the violence that drove travelers away slowly declines.
Officials: U.S. seizes Iranian gas heading for Venezuela
MIAMI (AP) — The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure …
Man, 30, becomes 3rd Revel scooter fatality in New York City
NEW YORK (AP) — A 30-year-old man injured in a Revel scooter accident three days