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…
Ann Taylor owner files for Chapter 11 bankruptcy
NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy protection on Thursday, the latest retailer to do so during the pandemic.
Twitter says hackers accessed Dutch politician's inbox
LONDON (AP) — Twitter says an elected Dutch official was among 36 account holders whose direct message inboxes were accessed in a recent high-profile hack.
White House drops payroll tax cut after GOP allies object
WASHINGTON (AP) — President Donald Trump on Thursday reluctantly dropped his bid to cut Social Security payroll taxes as Republicans stumbled anew in efforts to unite around a $1 trillion COVID-19 rescue package to…
Ritter Sport wins German court battle over square chocolate
BERLIN (AP) — A German federal court cleared the way Thursday for Ritter Sport to maintain its status as the only widely known square chocolate in its home market.
The Latest: S Korea baseball, soccer fans to return to games
SEOUL, South Korea — South Korea will allow baseball fans to return to the stands beginning Sunday under a phased process planned by health authorities to bring back spectators in professional sports amid the COVID…
How major US stock indexes fared Thursday
Stocks closed lower on Wall Street Thursday, undercut in part by a discouraging report showing that layoffs are picking up across the country along with confirmed new coronavirus cases.
Jobless claims rise as cutoff of extra $600 benefit nears
WASHINGTON (AP) — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose for the first time since late March, intensifying concerns the resurgent c…
Critic of Chinese leader expelled from party on graft charge
BEIJING (AP) — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will…
Pandemic grips commerce, hits railroader Union Pacific
OMAHA, Neb. (AP) — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.
Whirlpool, Meritage rise; Kinder Morgan, Union Pacific fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Thursday:
Johnson stresses 'sheer might' of UK union on Scotland trip
LONDON (AP) — British Prime Minister Boris Johnson claimed Thursday that the United Kingdom’s response to the coronavirus pandemic has shown the country’s “sheer might,” seeking to underline the bonds that tie the …
Fox taking fans to the ballgame with a virtual crowd
LOS ANGELES (AP) — Fox will be taking viewers out to the ballgame by adding a virtual crowd in parks during its baseball broadcasts this season.
Ohio governor reverses course, calls to repeal energy law
COLUMBUS, Ohio (AP) — Gov. Mike DeWine reversed course on Thursday and called for a nuclear bailout energy law to be repealed and replaced in the wake of a $60 million state bribery scandal implicating one of Ohio'…
Man guilty of giving escort employer credit card sentenced
CHICAGO (AP) — An Illinois man who claims his 2012 divorce prompted him to go on a binge that included alcohol, prostitutes and giving a woman his corporate credit card used to finance an opulent lifestyle and rack…
EU negotiator cites 'objective risk' of no post-Brexit deal
LONDON (AP) — British and European Union negotiators failed to agree on underlying principles in the latest round of talks on post-Brexit trade between the bloc and its one-time member, again raising concerns about…