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…
California prosecutors ask NFL to take down shooting video
SACRAMENTO, Calif. (AP) — California prosecutors on Tuesday asked the NFL to remove a video produced as part of the league's Inspire Change campaign, saying it misrepresents the circumstances leading to the fatal s…
Asia Today: Australian state reports record virus increase
MELBOURNE, Australia (AP) — Australia’s virus hot spot, Victoria state, announced a record 725 COVID-19 cases and 15 deaths on Wednesday, while businesses in Melbourne prepared to close their shutters as new pandem…
Virgin Australia plans to shed staff under new US owners
CANBERRA, Australia (AP) — Virgin Australia plans to scale down its operations under new U.S. owners and shed a third of its staff as the carrier adjusts to the pandemic, the nation’s second-largest airline said on…
Progress slow as urgency grows on virus relief legislation
WASHINGTON (AP) — Frustrated Senate Republicans re-upped their complaints that Democratic negotiators are taking too hard a line in talks on a sweeping coronavirus relief bill, but an afternoon negotiating session …
Italian bank Intesa Sanpaolo sees Q2 profits up on cost cuts
MILAN (AP) — Italian bank Intesa Sanpaolo, fresh off its successful hostile takeover of a smaller rival to create Italy’s largest bank, on Tuesday posted a 16% increase in second-quarter profits as it cut costs and…
American, pilots agree on steps aimed at reducing job cuts
American Airlines has reached a deal with its pilots’ union designed to reduce the number of job losses in October as the airline shrinks because fewer people are flying during the pandemic.
Business Highlights
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Ex-Google exec sent to prison for stealing robocar secrets
SAN RAMON, Calif. (AP) — A former Google engineer has been sentenced to 18 months in prison after pleading guilty to stealing trade secrets before joining Uber's effort to build robotic vehicles for its ride-hailin…
Sony's profit up as people staying home play video games
TOKYO (AP) — Japanese electronics and entertainment company Sony Corp. said Tuesday that its April-June profit jumped 53% as its video game and other online businesses thrived with people staying home due to the co…
California virus cases underreported, health official says
LOS ANGELES (AP) — Figures showing California has slowed the rate of coronavirus infections may be in doubt because a technical problem has delayed reporting of test results, the state's top health official said.
Booking.com cuts workforce by thousands as travel atrophies
Booking.com is laying off a quarter of its workforce — more than 4,000 people — with the global pandemic snuffing out travel.
Ex-UAW chief says GM bribery claims are 'utterly baseless'
DETROIT (AP) — Former United Auto Workers President Ron Gettelfinger is denying claims by General Motors that he took bribes paid into foreign bank accounts by Fiat Chrysler in order to stick GM with higher labor c…
UK competition watchdog approves Amazon stake in Deliveroo
LONDON (AP) — Britain’s competition watchdog has approved Amazon’s plan to buy a stake in food delivery company Deliveroo, saying the deal would not hurt competition.
Questions being raised after Kodak's stock has a big moment
Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant.
Asia shares mixed amid jitters over US stimulus, China trade
BEIJING (AP) — Asian stock markets were mixed Wednesday amid investor concern about U.S. stimulus spending and a trade agreement with Beijing.