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…
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 …
US consumer spending rose a solid 5.6% in June, but resurgence of virus threatens to stall further gains
WASHINGTON (AP) — US consumer spending rose a solid 5.6% in June, but resurgence of virus threatens to stall further gains.
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…
Wages and benefits grow at slowest pace in 3 years
WASHINGTON (AP) — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus rec…
Fiat Chrysler muscles through, green shoots in North America
DETROIT (AP) — Fiat Chrysler overcame coronavirus-related factory shutdowns to post losses that were not as bad as feared, and the company predicted improving conditions for the remainder of 2020.
Exxon lost $1B in second quarter as oil use dries up
NEW YORK (AP) — Exxon lost $1.1 billion in the second quarter, its economic pain deepening as the pandemic kept households on lockdown, diminishing the need for oil around the world.
Sleeping lions, terrible pain: A new world without tourism
PARIS (AP) — With no American visitors to show around the D-Day beaches or the Loire Valley’s chateaux, and no work on the immediate horizon, Paris tour guide Linda Zenou frets about how she’ll pay off a loan and c…
Fiat Chrysler posts smaller-than-expected loss despite virus
DETROIT (AP) — Fiat Chrysler posted a second-quarter loss that was not as bad as feared with factories closed by the coronavirus erasing its profits.
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.
The Latest: Britain PM Johnson postpones easing lockdown
LONDON — British Prime Minister Boris Johnson is postponing some planned measures to ease the lockdown because coronavirus cases are on the rise for the first time since May.
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.
Twitter says hackers used phone to fool staff, gain access
LONDON (AP) — Twitter says the hackers responsible for a recent high-profile breach used the phone to fool the social media company's employees into giving them access.
The Latest: Tokyo struggles with virus surge; cases hit 463
TOKYO — Japanese leaders are grappling with how to contain flareups in coronavirus cases while trying to avoid shutdowns that might push the economy deeper into recession.
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…
Eurozone economy suffers record drop during lockdown months
PARIS (AP) — The economy of the 19-country eurozone shrank by a devastating 12.1% in the April-June period from the quarter before - the largest drop on record - as coronavirus lockdowns shut businesses and hampere…