Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Grant and Adams counties gas prices dip slightly as state, national averages rise
MOSES LAKE — Gas prices in Grant and Adams counties slipped slightly over the last week, even as Washington and na…
Amazon closer to launching satellites, upping internet reach
NEW YORK (AP) — Amazon.com is one step closer to space.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 35 cents to settle at $40.27 a barrel Friday. Brent crude oil for September delivery rose 37 cents to $43.31 a barrel.
Merck ups outlook, turns profit during global vaccine hunt
FAIRLESS HILLS, PA (AP) — Surging sales of its cancer medicines and reduced spending across the board helped Merck overcome a big hit from the coronavirus pandemic and increase its profit 12% in the second quarter.
Nokia profit up despite pandemic as new CEO takes over
HELSINKI (AP) — Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in reven…
Caterpillar sales weaken but 2Q results top Street
Caterpillar's sales tumbled 31% in the second quarter as dealers culled construction equipment from showrooms during the pandemic.
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…
US consumer spending up 5.6%, but virus could stall gains
WASHINGTON (AP) — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy. But th…
British Airways owner books loss as pandemic stalls travel
LONDON (AP) — The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from the COVID-19 pandemic ate into the bottom lin…
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…