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…
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.
South Korea-Japan trade fight moves to global dispute panel
GENEVA (AP) — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobi…
UK urged to refine quarantine plans after Spain criticism
LONDON (AP) — The British government came under renewed pressure Wednesday to refine its travel policies following criticism of its sudden decision to remove Spain from its safe list, a sudden change that has upend…
Asia Today: China, SKorea, Japan see upticks in virus cases
BEIJING (AP) — China reported more than 100 new cases of COVID-19 on Wednesday as the country continues to battle an outbreak in Xinjiang.
Asia Today: 723 cases in Australia, closures in Vietnam
MELBOURNE, Australia (AP) — Australia’s coronavirus hot spot, Victoria state, will make masks compulsory statewide after reporting a record 723 new cases on Thursday.
Pandemic shakes up earnings season - some win, some lose
The spread of COVID-19 has skewed the numbers for every major company this year, for better or worse. Boeing, already besieged by problems with its marquee aircraft, is now dealing with a
The Latest: Masks now required for all of Australian state
MELBOURNE, Australia — Australia’s coronavirus hot spot of Victoria state is making mask wearing compulsory statewide after reporting a new daily high of 723 confirmed COVID-19 cases.
Fed sees dim economic outlook as virus squeezes economy
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell warned Wednesday that the viral epidemic is endangering the modest economic recovery that followed a collapse in hiring and spending this spring. As a result, h…
US energy use hit 30-year low during pandemic shutdowns
BILLINGS, Mont. (AP) — U.S. energy consumption plummeted to its lowest level in more than 30 years this spring as the nation’s economy largely shut down because of the coronavirus, federal officials reported Wednes…
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Holocaust survivors urge Facebook to remove denial posts
BERLIN (AP) — Holocaust survivors around the world are lending their voices to a campaign launched Wednesday targeting Facebook head Mark Zuckerberg, urging him to take action to remove denial of the Nazi genocide …
Deutsche Bank reports 2nd-quarter profit despite loan losses
FRANKFURT, Germany (AP) — Deutsche bank reported a small net profit of 61 million euros ($71 million) in the second quarter as cost-cutting and revenue growth outweighed increased loan losses due to the virus outbr…
Insurer Anthem's 2Q profit swells, helped by drop in claims
INDIANAPOLIS (AP) — Anthem’s second-quarter profit doubled to nearly $2.3 billion, as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield insurer’s earnings past expectations.
Vietnam imposes more virus restrictions as outbreak spreads
HANOI, Vietnam (AP) — Vietnam imposed more coronavirus restrictions Thursday as an outbreak that started in a popular beach resort destination grew with nine new cases.