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…
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 …
Virus sends jobless claims up for first time since March
WASHINGTON (AP) — The viral pandemic's resurgence caused the number of Americans seeking unemployment benefits to rise last week for the first time in nearly four months, evidence of the deepening economic pain the…
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.
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.
White House drops payroll tax cut as GOP unveils virus aid
WASHINGTON (AP) — The White House has reluctantly dropped a bid to cut Social Security payroll taxes as Republicans unveil a $1 trillion COVID-19 rescue package on Thursday, ceding to opposition to the idea among t…
1.4 million seek US jobless aid, first increase since March, as layoffs remain high amid resurgence of virus
WASHINGTON (AP) — 1.4 million seek US jobless aid, first increase since March, as layoffs remain high amid resurgence of virus.
Greece will do 'whatever necessary' in dispute with Turkey
ATHENS, Greece (AP) — Greece warned Thursday it will do “whatever is necessary” to defend its sovereign rights in response to plans by neighboring Turkey to proceed with an oil-and-gas research mission south of Gre…
South Africa's excess deaths surge as virus like 'wildfire'
JOHANNESBURG (AP) — Global hot spot South Africa is seeing a “huge discrepancy” between confirmed COVID-19 deaths and an unusually high number of excess deaths from natural causes, while Africa’s top health officia…
Pandemic grips commerce and 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.
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.
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.
Chief UK negotiator says 'gaps' remain in Brexit talks
LONDON (AP) — Negotiators working to establish new trade relations between Britain and the European Union admitted Thursday there was a long way to go despite progress being made in the complex talks.
World in isolation, a surge of new users for Twitter
LONDON (AP) — The global pandemic and U.S. protests are forcing a pullback by advertisers on Twitter, but it's also led to an unprecedented surge of users.
Southwest's 2Q adj. loss tops $1B on weak travel demand
Southwest posted an adjusted loss of $1.5 billion in its second quarter as severely diminished air travel demand continues to pound the industry amid the coronavirus pandemic.
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.