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…
'A line in the sand': Both sides dig in on virus relief bill
WASHINGTON (AP) — Negotiators on a huge coronavirus relief bill reported slight progress after talks resumed in the Capitol, with issues like food for the poor and aid to
Ford CEO Hackett to retire, COO Jim Farley to lead automaker
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.
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…
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.
Researchers say UK faces a Brexit brain drain to the EU
LONDON (AP) — The number of Britons moving to European Union countries soared after the Brexit vote in 2016,
Honda recalls 1.6M vans and SUVs in 4 different US recalls
DETROIT (AP) — Honda is recalling over 1.6 million minivans and SUVs in the U.S. to fix problems that include faulty backup camera displays, malfunctioning dashboard displays and sliding doors that don’t latch prop…
No masks, no distance: Pandemic wedding horrors for vendors
NEW YORK (AP) — Wedding planners, photographers and other bridal vendors who make the magic happen have a heap of new worries in the middle of the pandemic: no-mask weddings, rising guest counts and venues not foll…
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.
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…
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…
BP to cut dividends as it prepares for fossil fuel decline
LONDON (AP) — BP plc says it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in alternative energy projects.
US Treasury projects government borrowing of $947 billion in July-September period, record for quarter but down from 2Q
WASHINGTON (AP) — US Treasury projects government borrowing of $947 billion in July-September period, record for quarter but down from 2Q.
Asia Today: More restrictions in Australia's Victoria state
CANBERRA, Australia (AP) — Victoria state, Australia’s coronavirus hot spot, announced on Monday that businesses will be closed and scaled down in a bid to curb the spread of the virus.
HSBC says net profit plunged 96% as pandemic took hold
LONDON (AP) — Europe’s biggest bank, HSBC, said Monday that its net profit plummeted 96% in the second quarter of this year as lower interest rates combined with the downturn due to the coronavirus pandemic tool ho…
Brentford to earn $200M+ if promoted to Premier League
LONDON (AP) — Brentford can earn more than $200 million over three years in additional revenue by beating west London rival Fulham on Tuesday to secure a return to English football's top division after a 73-year ab…