Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Interest rates hold back home sales in the Basin, statewide
MOSES LAKE — High interest rates are slowing down sales in the Basin real estate market. The average monthly ra…
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…
Australian park owner to plead guilty after 4 die on ride
BRISBANE, Australia (AP) — The company that owns an Australian theme park where four people died on a river rapids ride will plead guilty to charges stemming from the 2016 tragedy, a lawyer said on Wednesday.
2 nabbed in ex-Nissan boss' escape say they won't flee US
A U.S. magistrate judge improperly denied release to a father and son wanted by Japan on charges that they helped sneak former Nissan Motor Co. Chairman Carlos Ghosn out of that country, their attorneys said Tuesda…
Air travel not expected to recover until 2024
FRANKFURT, Germany (AP) — Global air travel is recovering more slowly than expected and it will take until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday.
Buffett's firm buys another $400M of Bank of America stock
OMAHA, Neb. (AP) — Warren Buffett's company has purchased another $400 million of Bank of America stock less than a week after buying roughly $800 million of the bank's stock.
The Latest: Hard hit Australian state sees new cases drop
MELBOURNE, Australia — Australia’s hard-hit Victoria state has recorded its lowest daily tally of COVID-19 cases in nine days while the state premier is expressing hope that it is the start of a downward trend.
Brazil virus payout cuts extreme poverty to least in decades
BRASILIA, Brazil (AP) — Brazil’s extreme poverty has plunged due to a monthly federal handout during the coronavirus pandemic, but threatens to bounce back once the government ceases the stopgap welfare program, a …
In reversal, CES gadget show won't be in-person after all
NEW YORK (AP) — CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic, a reversal from May when organizers said it would go on as a smaller gathe…
'Second wave' virus fears strike blow to tourism industry
LONDON (AP) — Concerns over a “second wave” of coronavirus infections brought on by returning vacationers are wreaking havoc on Europe's tourism industry, particularly in Spain, following Britain's effective ban on…
Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal
KUALA LUMPUR, Malaysia (AP) — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the mu…
How major US stock indexes fared Tuesday
A late slump left stocks broadly lower on Wall Street Tuesday, while cautious investors continued to push money into Treasurys and gold, driving the precious metal to another all-time high.
Pandemic hurts sales, profit for Pfizer amid restructuring
FAIRLESS HILLS, Pa. (AP) — Pfizer Inc. reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines, even as the drugma…
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…
3M and Omnicom fall, while Pfizer and Cummins rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
Spotlight on 4 Big Tech CEOs testifying in competition probe
WASHINGTON (AP) — They command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them is the world’s richest individua…