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…
US construction spending declines 0.7% in June
SILVER SPRING, Md. (AP) — U.S. construction spending fell again in June, the fourth straight decline as the coronavirus outbreak continues to wreak havoc on the economy.
Business Highlights
___
HSBC reports its net profit plummeted 96% in April-June from a year earlier as the pandemic took hold
LONDON (AP) — HSBC reports its net profit plummeted 96% in April-June from a year earlier as the pandemic took hold.
Asian shares track worldwide rally as S&P 500 nears record
Shares advanced across Asia on Tuesday after Wall Street closed broadly higher on encouraging economic reports, starting off August by closing within 3% of the record high it set in February.
GM alleges Fiat Chrysler spent millions to bribe UAW leaders
DETROIT (AP) — General Motors is asking a federal judge to reconsider his dismissal of a lawsuit against Fiat Chrysler based on new allegations that FCA bribed union officials and GM employees with millions stashed…
This Week: Walt Disney, CVS, Uber results
A look at some of the key business events and economic indicators upcoming this week:
Retail rout gains pace, Lord & Taylor seeks bankruptcy
NEW YORK (AP) — Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the…
Nuclear bailout tied to bribery scandal was years in making
TOLEDO, Ohio (AP) — A $1 billion bailout for Ohio’s two nuclear plants that’s now entangled in a state bribery scandal had little support when the idea came up three years ago. It was all but dead until the spring …
The Latest: Mainland China, Hong Kong report fewer new cases
BEIJING — Both mainland China and Hong Kong reported fewer new cases of COVID-19 on Tuesday as strict measures to contain new infections appear to be taking effect.
Clorox becomes 'it' brand in world sheltered in place
Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic. The company also announced Monday that Linda Rendle will become its CEO i…
German laser tech company says gov't blocks exports to China
BERLIN (AP) — A German company that specializes in laser communication says it is pulling out of uncompleted deals in China after the German government barred it from delivering hardware to the country.
US retailers that have sought bankruptcy protection in 2020
Following is a list of retailers that have sought bankruptcy protect in 2020.
SpaceX capsule and NASA crew make 1st splashdown in 45 years
CAPE CANAVERAL, Fla. (AP) — Two NASA astronauts returned to Earth on Sunday in a dramatic, retro-style splashdown, their capsule parachuting into the Gulf of Mexico to close out an unprecedented test flight by Elon…
FAA spells out design changes needed in grounded Boeing jet
Federal regulators on Monday outlined a list of design changes they will require in the Boeing 737 Max to fix safety issues that were discovered after two deadly crashes that led to the worldwide grounding of the p…
Prosecutor seeking Trump's taxes cites probe of his business
NEW YORK (AP) — A New York City prosecutor fighting to get President Donald Trump’s tax returns told a judge Monday he was justified in demanding them because of public reports of “extensive and protracted criminal…