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…
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…
Revel suspends NYC scooter service after 2nd fatal crash
NEW YORK (AP) — Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks.
Fed extends lending programs as pandemic's impact lengthens
WASHINGTON (AP) — The Federal Reserve will extend seven of its emergency lending programs through the end of the year, an acknowledgement that the programs may be necessary for longer than was first thought as the …
Business Highlights
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Scientists get closer to blood test for Alzheimer's disease
An experimental blood test was highly accurate at distinguishing people with Alzheimer’s disease from those without it in several studies, boosting hopes that there soon may be a simple way to help diagnose this mo…
Asian shares mixed amid dismal earnings, Wall Street slump
TOKYO (AP) — Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.
Democrats, GOP far apart on virus aid; Trump wants a deal
WASHINGTON (AP) — A day of shuttle diplomacy on Capitol Hill over a
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…
Former CBS digital chief takes top job at Tinder
DALLAS (AP) — The one-time chief of digital media at CBS is the new CEO of Tinder.
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.