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…
Turkey: Social media law's passage raises censorship worries
ISTANBUL (AP) — Turkey’s parliament approved a law early Wednesday that gives authorities greater power to regulate social media despite concerns of growing censorship in a country where critical voices are already…
Spirit warns of layoffs; aid for contractors being examined
Spirit Airlines is warning employees that it could furlough up to 30% of its roughly 9,000 workers in October, when federal payroll-help money runs out.
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…