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…
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…
Eurozone economy shrank 12.1% in April-June from previous quarter due to lockdowns, largest drop on record
FRANKFURT, Germany (AP) — Eurozone economy shrank 12.1% in April-June from previous quarter due to lockdowns, largest drop on record.
The Latest: Catalonia, 2 other regions on German risk list
BERLIN — German authorities have added Catalonia and two other northern Spanish regions to a long list of risk areas, days after the foreign ministry advised against nonessential travel to the area.
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.
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…
Champagne losing its fizz as global pandemic clobbers sales
REIMS, France (AP) — Champagne is losing its fizz. For months, lockdown put the cork on weddings, dining out, parties and international travel — all key sales components for the French luxury wine marketed for deca…
Huawei overtakes Samsung as top smartphone seller: report
LONDON (AP) — A technology research firm says Huawei has overtaken Samsung to become the world's biggest smartphone seller, as its home market in China emerged from the coronavirus pandemic better off than other ec…
Government revisions show slightly slower 2019 GDP growth
WASHINGTON (AP) — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.