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…
Hilton sales plunge in second quarter with travel frozen
Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.
Bank of England says economy will take time to heal
LONDON (AP) — The Bank of England predicted Thursday that the economic downturn in the U.K. economy might be less severe than it thought at the start of the COVID-19 pandemic - even as it warned it would take a lon…
Siemens profit falls on COVID-19 issues, taxes
FRANKFURT, Germany (AP) — Siemens AG, maker of trains, power generation equipment and other heavy industrial goods, said Thursday that net profit fell by half due to higher taxes and losses at its Siemens Gamesa re…
Nintendo profit zooms as virus has homebodies playing games
TOKYO (AP) — Nintendo Co.'s profit multiplied more than sixfold in April-June as people stuck at home during the pandemic turned to playing video games.
The Latest: Germany requires tests for most non-EU arrivals
BERLIN — Germany’s health minister says authorities will require people arriving from a large number of countries deemed high-risk to take coronavirus tests starting on Saturday.
Surge in German factory orders bolsters hope for recovery
BERLIN (AP) — German factory orders surged in June, according to figures released Thursday, giving hope that Europe's largest economy is on track for a recovery from declines suffered from the coronavirus pandemic …
Lufhansa see revenues drop 80%, no full recovery until 2024
FRANKFURT, Germany (AP) — German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros ($1.77 billion) for the second quarter, when the pandemic essentially shut down passenger traffic, and …
Fed should address racial gaps in jobs, income, Dems propose
A group of congressional Democrats introduced legislation Wednesday that would require the Federal Reserve to pursue the elimination of racial disparities in jobs, wealth and income as one of its policy goals.
Samsung's new phones test consumer demand for pricey gadgets
Samsung aims to lift its sinking smartphone sales with three new models that will test consumer willingness to buy high-priced gadgets during the worst economic downturn since the Great Depression.
Reports: Chicago schools to announce all-remote learning
CHICAGO (AP) — Chicago Public Schools is expected to announce Wednesday that it will start the school year with all-remote learning in response to coronavirus concerns, according to published reports.
Asian shares mixed as investors watch talks on US stimulus
Stocks were mixed in Asia on Thursday as investors watched to see if lawmakers will come ahead with fresh stimulus for a U.S. economy struggling with shutdowns as new coronavirus outbreaks flare.
Asian shares mixed as US talks on stimulus still stalled
Stocks were mixed in Asia on Thursday despite strong gains overnight on Wall Street, where the rally just kept on rolling.
Telemedicine provider Teladoc to spend $18.5B on Livongo
One of the nation’s biggest telemedicine providers will spend more than $18 billion to stoke an approach to care that grew explosively during the pandemic and recently received an endorsement from President Donald …
US talks tougher on Chinese tech, but offers few specifics
NEW YORK (AP) — U.S. Secretary of State Mike Pompeo on Wednesday called for a big expansion of U.S. government curbs on Chinese technology, saying that it wants to see “untrusted Chinese apps" pulled from the Googl…
ComEd pleads not guilty in alleged influence-peddling scheme
CHICAGO (AP) — Energy utility ComEd pleaded not guilty to bribery at an arraignment Wednesday despite previously admitting wrongdoing in an influence-peddling scheme that also threatens to ensnare Illinois’ most po…