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…
Fitch lowers its outlook on US credit rating to 'negative'
WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA leve…
Thai court allows Cambodian class action against Thai firm
BANGKOK (AP) — A Thai court ruled Friday that several hundred families in Cambodia who were displaced from their homes may file a class action suit against the Thai company they believe was responsible, a decision …
Dutch KLM group to cut 4,500-5,000 jobs due to pandemic
AMSTELVEEN, The Netherlands (AP) — Dutch carrier KLM said Friday it will cut between 4,500 and 5,000 jobs because of the coronavirus crisis.
EU clears Alstom's acquisition of Bombardier rail unit
BRUSSELS (AP) — The European Commission has given its go-ahead to the acquisition of the rail business of Canadian engineering firm Bombardier by French train maker Alstom.
Plug it in: Electric car charging station numbers are rising
DETROIT (AP) — When the electric car revolution arrives, will there be enough places to plug in?
Oil giants lost billions as pandemic crushed demand for fuel
NEW YORK (AP) — Two American oil giants lost more than $9 billion in the second quarter as the pandemic kept households on lockdown, cutting a gaping hole into a once-thriving business as the need for oil diminishe…
Minnesota company gets most aid in Iowa hog disposal program
IOWA CITY, Iowa (AP) — One influential pork company has received most of the money from an Iowa program designed to support farmers who euthanized their hogs after the coronavirus devastated their industry, newly r…
Trader Joe's says no to changing ethnic-sounding label names
LOS ANGELES (AP) — Trader Joe's, which said earlier this month it was moving to change the names of some of its products after an online petition denounced them as racist, now says it will stick with labels like Tr…
Asia Today: India, Philippines ease rules; Bali reopens
NEW DELHI (AP) — India added another record surge in virus cases Friday as the government decided to lift a nighttime curfew that was in force since March.
The Latest: SKorea holds leader of church with virus cluster
SEOUL, South Korea — South Korean prosecutors have arrested the elderly leader of a secretive religious sect as part of an investigation into allegations the church hampered the government’s anti-corfonavirus respo…
Fitch lowers its outlook on US credit rating to 'negative'
WASHINGTON (AP) — Fitch has lowered the outlook for its U.S. government credit rating to “negative” from “stable” due to soaring budget deficits, but the agency is keeping its overall rating at the highest AAA leve…
The Latest: Lockdown resumes in western Libya for pandemic
CAIRO — The internationally recognized Libyan government based in Tripoli has reinstated a total lockdown for at least five days to curb the growing coronavirus outbreak in the war-torn country.
How major US stock indexes fared Friday
Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month.
Tech giants lead gains as S&P 500 closes 4th winning month
NEW YORK (AP) — Big Tech continues to steamroll through the pandemic, and strong gains for some of the market’s most influential companies on Friday helped Wall Street close out its fourth straight winning month.
Plug it in: Electric car charging station numbers are rising
DETROIT (AP) — When the electric car revolution arrives, will there be enough places to plug in?