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…
J.C. Penney lawyer says chain is going forward with sale
NEW YORK (AP) — An attorney for J.C. Penney Co. told a bankruptcy judge Wednesday that the retailer is going forward with a sale of its business and expects the deal to be completed by the fall.
UN urges SE Asia to build back better from COVID-19 crisis
BANGKOK (AP) — The United Nations advised Southeast Asian nations to tackle inequality and green their economies to build a more resilient and inclusive future as they strive to recover from the COVID-19 pandemic.
AMD, L Brands rise; Boeing, Six Flags fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Minister: Cyprus will lose over 75% of tourism this year
NICOSIA, Cyprus (AP) — Cyprus doesn’t expect to see this year more than 20%-25% of the record 3.97 million vacationing visitors the Mediterranean island nation welcomed in 2019 because the coronavirus pandemic has …
Lawmakers batter Big Tech CEOs, but don't land many blows
WASHINGTON (AP) — Congressional lawmakers finally got a chance Wednesday to grill the CEOs of Big Tech over their dominance and allegations of monopolistic practices that stifle competition. But it's not clear how …
US officials: Russia behind spread of virus disinformation
WASHINGTON (AP) — U.S. officials say Russian intelligence officers are spreading disinformation about the coronavirus pandemic through English-language websites, trying to exploit a crisis that America is strugglin…
Tornado, virus, protests rattle Nashville rideshare economy
NASHVILLE, Tenn. (AP) — After driving for Lyft for six years, Joni Bicknese decided to invest in a minivan at the beginning of 2020, reasoning that she could make more money if she could transport more riders. Then…
Fed sketches dim outlook for US economy amid pandemic and signals it will keep rates pinned near zero
WASHINGTON (AP) — Fed sketches dim outlook for US economy amid pandemic and signals it will keep rates pinned near zero.
US is expected to report a record-breaking economic plunge
WASHINGTON (AP) — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of t…
More Americans signed contracts to buy homes in June
SILVER SPRING, Md. (AP) — The number of Americans signing contracts to buy homes rose for the second straight month after a devastating spring freeze brought on by the coronavirus outbreak.
Former Wilmington Trust execs lose bid to nix SEC complaint
DOVER, Del. (AP) — A federal judge on Wednesday rejected a request by two former bank executives who were convicted on criminal charges to dismiss a civil suit filed against them by federal securities regulators.
Suspended Arkansas professor indicted on fraud counts
FAYETTEVILLE, Ark. (AP) — A suspended University of Arkansas professor has been indicted on multiple wire and passport fraud counts.
Hong Kong economy contracts 9% in latest quarter
HONG KONG (AP) — Hong Kong’s economy shrank by 9% from a year earlier in the latest quarter, hurt by the coronavirus pandemic and facing more potential damage from the loss of U.S. trade privileges due to a securit…
How major US stock indexes fared Wednesday
Wall Street rallied on Wednesday, and the S&P 500 climbed 1.2% for its best day in two weeks after the Federal Reserve kept the accelerator floored on its support for the economy.
US jabs Russia over claim of spreading virus disinformation
MOSCOW (AP) — U.S. officials say Russian intelligence officers are spreading disinformation about the coronavirus pandemic through English-language websites, trying to exploit a crisis that America is struggling to…