Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Farmworker wage complaints in WA caught in state agency backlog, report finds
Over half of farmworker wage complaints Washington’s Department of Labor and Industries received last year went un…
Tyson Foods to increase virus testing in US meat plants
Tyson Foods says it plans to administer thousands of coronavirus tests per week at its U.S. facilities under an expanded effort to protect workers and keep plants running.
Pandemic hits Comcast 2Q; new Peacock service has 10M users
NEW YORK (AP) — The coronavirus pandemic took a toll on Comcast in the second quarter as movie theaters closed, theme parks shut down and advertisers cut back.
Ghosn gone, other Nissan former executive set to face trial
TOKYO (AP) — Former Nissan executive Greg Kelly, who was arrested in connection with the financial scandal of his ex-boss Carlos Ghosn, will soon face trial in a Tokyo court. Both cases had been in limbo after Ghos…
Lawmakers grill 4 Big Tech CEOs but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that
Volkswagen lost $1.8 billion in Q2 but sees profit for year
FRANKFURT, Germany (AP) — Carmaker Volkswagen recorded an after-tax loss of 1.54 billion euros ($1.81 billion) in the second quarter as the pandemic shut down auto plants and closed dealerships.
German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns
FRANKFURT, Germany (AP) — German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns.
German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT, Germany (AP) — Germany’s economy, Europe's largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% percent during the April-June period from the previous quarter as exports and busi…
Shell profits plunge 82% as pandemic hits energy demand
LONDON (AP) — Royal Dutch Shell said Thursday that its second-quarter earnings plunged 82% as the COVID-19 pandemic slashed energy prices and demand.
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 23 cents to settle at $41.27 a barrel Wednesday. Brent crude oil for September delivery rose 53 cents to $43.75 a barrel.
5 French fighter jets delivered to India in military upgrade
SRINAGAR, India (AP) — The first batch of five French-made Rafale fighter jets arrived at an Indian air force base on Wednesday, Indian officials said, as the country seeks to modernize its military amid security c…
Virgin Galactic shows off passenger spaceship cabin interior
LOS ANGELES (AP) — Passengers flying Virgin Galactic on suborbital trips into space will be able to see themselves floating weightless against the backdrop of the Earth below while 16 cameras document the adventure…
Plant closings send GM to 2Q loss, but signs of improvement
DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.
As virus aid talks stalemate, Trump scorns help for cities
WASHINGTON (AP) — President Donald Trump on Wednesday dismissed Democratic demands for aid to cash-strapped cities in a new
Train derails on Arizona bridge that collapses, catches fire
PHOENIX (AP) — A freight train derailed Wednesday as it traveled on a bridge that spans a man-made lake in a Phoenix suburb, setting the bridge ablaze and partially collapsing the structure, officials said.
Norfolk Southern profit falls 46% as virus slows shipments
OMAHA, Neb. (AP) — Norfolk Southern Corp.'s second-quarter profit fell 46% as the railroad hauled 26% less freight because of the coronavirus outbreak's impact on the economy.