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…
US consumer confidence tumbles in July as COVID-19 spreads
WASHINGTON (AP) — U.S. consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the country.
Altria expands sales of heated-cigarette as revenue slides
WASHINGTON (AP) —
Sharp drop for US consumer confidence in July, to 92.6, as coronavirus spreads
WASHINGTON (AP) — Sharp drop for US consumer confidence in July, to 92.6, as coronavirus spreads.
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…
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…
S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May
WASHINGTON (AP) — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak.
Pandemic drives average age of cars in US to a record high
Drivers are holding on to cars and trucks longer during the coronavirus pandemic.
US home prices up 3.7% in May, down from 3.9% increase in April, led by 9% jump in Phoenix
WASHINGTON (AP) — US home prices up 3.7% in May, down from 3.9% increase in April, led by 9% jump in Phoenix.
Remington seeks bankruptcy for 2nd time in as many years
Remington Arms, weighed down by lawsuits and retail sales restrictions following the Sandy Hook school massacre, is seeking bankruptcy protection for the second time in as many years.
UK travel ban on Spain strikes new blow to tourism industry
LONDON (AP) — Britain’s effective ban on travel to Spain following an upswing in coronavirus cases in that country’s northeast on Tuesday hammered home the lack of a comprehensive, continent-wide approach to suppre…
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…
Pfizer sales take a hit during pandemic
Fairless Hills, PA (AP) — Pfizer reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines.
McDonald's facing bumpy recovery, 2Q sales down 30%
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy — and expensive — recovery.
Malaysia court sentences ex-Prime Minister Najib Razak to serve up to 12 years in jail for crimes linked to 1MDB scandal
KUALA LUMPUR, Malaysia (AP) — Malaysia court sentences ex-Prime Minister Najib Razak to serve up to 12 years in jail for crimes linked to 1MDB scandal.
Nissan expects second straight year of red ink amid outbreak
TOKYO (AP) — Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former s…