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…
Ford COO Jim Farley to lead company, CEO Hackett to retire
DETROIT (AP) — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles.
New York Fed: Black-owned business hard hit by pandemic
WASHINGTON (AP) — Black-owned businesses have been almost twice as likely to fail as businesses overall during the current pandemic, according to a study released Tuesday by the Federal Reserve Bank of New York
Trump nursing home plan limits supply of free COVID-19 tests
WASHINGTON (AP) — The Trump administration's plan to provide every nursing home with a fast COVID-19 testing machine comes with an asterisk: The government won't supply enough test kits to check staff and residents…
NBCUniversal laying off workers amid pandemic pain
Comcast’s NBCUniversal is having company-wide layoffs, a spokeswoman confirmed.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 49 cents to settle at $42.19 a barrel Wednesday. Brent crude oil for October delivery rose 74 cents to $45.17 a barrel.
Beyond Meat's 2Q sales jump as more try plant-based burgers
More people are throwing plant-based burgers on the grill this summer.
Record heat, politics inflame Iraq's electricity shortages
BASRA, Iraq (AP) — In Iraq’s oil-rich south, the scorching summer months pose painful new choices in the age of the coronavirus: stay at home in the sweltering heat with electricity cut off for hours, or go out and…
Ford Chief Operating Officer Jim Farley to take CEO spot effective Oct. 1; Jim Hackett to retire.
DETROIT (AP) — Ford Chief Operating Officer Jim Farley to take CEO spot effective Oct. 1; Jim Hackett to retire.
Virgin Atlantic airline files for US bankruptcy protection
NEW YORK (AP) — Virgin Atlantic, the airline founded by British businessman Richard Branson, filed Tuesday for protection in U.S. bankruptcy court as it tries to survive the virus pandemic that is hammering the air…
The Latest: New Zealand unemployment rate shows improvement
WELLINGTON, New Zealand — New Zealand’s unemployment rate showed a surprising improvement to 4% during the midst of the nation’s virus lockdown, although the headline number doesn’t tell the full story and joblessn…
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…
Trump Jr. expresses opposition to Alaska mine project
JUNEAU, Alaska (AP) — President Donald Trump's eldest son agreed Tuesday with calls to block a proposed copper and gold mine near the headwaters of a major U.S. salmon fishery in southwest Alaska.
Officials: School laptops held up ahead of new academic year
About 4,000 new laptop computers bound for an Alabama school district were held up over issues with manufacturers, weeks before the school year was set to begin with increased online learning amid the
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.
The Latest: Trump says more Americans will be lost to virus
WASHINGTON — President Donald Trump says more Americans will be lost to COVID-19.