Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Basin hospitals honored by state association
MOSES LAKE — Four local hospitals were awarded the Achievement of Quality Excellence by the Washington State Hospi…
In a first, Airbnb takes action against guest for party
For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorized parties.
US jobless claims fall below 1 million but remain high
WASHINGTON (AP) — The number of Americans applying for unemployment dropped below 1 million last week for the first time since the coronavirus outbreak took hold in the U.S. five months ago, but layoffs are still r…
China extends anti-dumping tariffs on Indian optical fiber
BEIJING (AP) — China’s Commerce Ministry said Thursday it has extended punitive tariffs on Indian optical fiber products for five years.
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…
963,000 workers seek US jobless aid as layoffs fall below 1 million for first time in 5 months
WASHINGTON (AP) — 963,000 workers seek US jobless aid as layoffs fall below 1 million for first time in 5 months.
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 …
German investigators appeal for help finding tech executive
BERLIN (AP) — German investigators are appealing for the public's help in tracking down the former chief operating officer of bankrupt payment company Wirecard who is facing allegations of fraud and other charges.
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.
China's deadly summer floods have caused $25B in damage
BEIJING (AP) — Summer floods in China have left more than 200 people dead or missing and caused $25 billion in direct damage, an emergency management official said Thursday.
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 …
Daimler reaches deal to settle US diesel emissions claims
BERLIN (AP) — Daimler AG, the maker of Mercedes-Benz cars, says it has reached an agreement in principle to settle U.S. claims over emissions from its diesel vehicles for over $2.2 billion.
Mazda-Toyota boosts investment in Alabama plant by $830M
HUNTSVILLE, Ala. (AP) — Mazda Toyota Manufacturing, the new joint-venture between the two auto companies, on Thursday announced an additional $830 million investment in its new Alabama plant.
Business Highlights
___
Asian shares mixed on weak China data, worries over pandemic
TOKYO (AP) — Asian shares were mixed on Friday as investors studied fresh data out of China showing that its recovery remains subdued.
Michigan plans dedicated road lanes for autonomous vehicles
LANSING, Mich. (AP) — The state of Michigan and some private partners are taking steps toward building or assigning dedicated lanes for automated vehicles on a 40-mile (65-kilometer) stretch of highway between Detr…