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…
Michigan newspaper chain will stop publishing mug shots
DETROIT (AP) — A chain of eight Michigan newspapers will stop publishing mug shots of people charged with crimes as it seeks to break negative judgments, especially in cases involving minorities, a senior editor sa…
Business Highlights
___
Apple co-founder Steve Wozniak slams YouTube for scam videos
SAN RAMON, Calif. (AP) — Apple co-founder Steve Wozniak is launching a legal attack against Google's YouTube video site for allowing con artists to use him as a pawn in a Bitcoin scam believed to have heisted milli…
Coronavirus impact saps AT&T in 2Q; hit to WarnerMedia
The coronavirus sapped $2.8 billion in revenue from AT&T in its most recent quarter, mostly in its WarnerMedia TV and film division. Its satellite TV business, DirecTV, continued to bleed customers.
Asia shares slip after worst S&P 500 loss in nearly 4 weeks
MITO, Japan (AP) — Worsening China-U.S. friction, worries over aid to Americans and U.S. businesses and a stumble on Wall Street combined to push shares in Asia lower on Friday.
NY lawmakers vote to pause facial recognition in schools
The New York Legislature has passed a two-year moratorium on the use of facial recognition in schools.
Mexico opens anti-monopoly probe amid oxygen price rise
MEXICO CITY (AP) — Mexico’s anti-monopoly commission said Thursday it is looking into possible price-fixing or monopolistic practices in the market for medical oxygen, after pharmacies reported a spike in prices an…
California men charged with $10M worldwide fraud scheme
SACRAMENTO, Calif. (AP) — Three California men were charged with running a phony securities scheme that defrauded investors around the world out of more than $10 million, authorities said Thursday.
Daimler lost $2.2 billion in Q2, sees signs of recovery
FRANKFURT, Germany (AP) — Daimler, the maker of Mercedes-Benz luxury cars and Freightliner trucks, lost 1.91 billion euros ($2.21 billion) in the second quarter as the coronavirus outbreak slashed sales of the comp…
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for September delivery rose 22 cents to settle at $41.29 a barrel Friday. Brent crude oil for September delivery rose 3 cents to $43.34 a barrel.
OpenTable partners with colleges to manage student dining
OpenTable is partnering with colleges to help them manage dining areas as students return to campus during the coronavirus pandemic.
Nebraska got lethal injection drugs from Omaha-area pharmacy
LINCOLN, Neb. (AP) — The owner of a pharmacy that provided drugs to Nebraska for use in a 2018 execution expressed remorse Thursday for making the sale, but acknowledged that he knew prison officials wanted them fo…
Malaysia affirms social media users exempt from license rule
KUALA LUMPUR, Malaysia (AP) — Malaysia made an embarrassing U-turn on Friday after a minister sparked a furor over his announcement that all video production, including those on social media, must be licensed amid …
Asia Today: Tokyo sets virus case record as holiday begins
TOKYO (AP) — The city of Tokyo announced a record 366 new daily coronavirus cases on Thursday, exceeding 300 for the first time as Japan begins a four-day weekend with many people joining a tourism promotion campai…
Virus surge interrupts hopes for a swift economic recovery
The worsening COVID pandemic risks choking off the U.S. economy's fragile recovery and turn what some investors hoped would be a sprint back to normal into a long hard slog.