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…
Shares mixed in Asia after Wall Street advance
MITO, Japan (AP) — Shares were mixed in Asia on Thursday, with the region’s biggest market in Tokyo closed for a four-day weekend.
Whitmer: Enbridge dodging responsibility for potential spill
TRAVERSE CITY, Mich. (AP) — Michigan Gov. Gretchen Whitmer criticized Enbridge Inc. on Wednesday for what she described as the company's refusal to make an airtight pledge to pay for damages caused by a potential o…
United sees revenue stalling at 50% without a virus vaccine
United Airlines executives said Wednesday that travel will rise when the number of new coronavirus cases drops but the airline's revenue will stall around 50% of pre-pandemic levels until there is a vaccine.
How major US stock indexes fared Wednesday
Stocks closed with solid gains on Wall Street Wednesday after a choppy day of trading that pulled indexes temporarily into the red.
US sanctions Chinese companies over Muslim abuse complaints
BEIJING (AP) — China said Tuesday it would take unspecified “necessary measures" after the U.S. government imposed trade sanctions on 11 companies it says are implicated in human rights abuses in China’s Muslim nor…
Tesla makes $104M profit in 2Q despite factory shutdown
DETROIT (AP) — Tesla overcame a seven-week pandemic-related shutdown at its California assembly plant to post a surprising $104 million net profit for the second quarter.
UK to open citizenship path to Hong Kongers from January
LONDON (AP) — Britain’s government announced Wednesday that it will open a new special pathway to obtaining U.K. citizenship for up to 3 million eligible Hong Kongers as of January, taking another step toward solid…
2 more ex-Wirecard managers arrested, ex-CEO back in custody
BERLIN (AP) — Two more former executives at bankrupt German payment company Wirecard were arrested on Wednesday in the fraud scandal that brought down the one-time tech star and its former CEO was taken back into c…
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…
The Latest: Masks compulsory in Australia's 2nd biggest city
MELBOURNE, Australia — Wearing masks became compulsory in Australia’s second-largest city of Melbourne on Thursday as coronavirus hot spot Victoria state reported 403 newly confirmed COVID-19 cases and five deaths.
US says it will adopt global climate standards for aviation
The Trump administration said Wednesday that it plans to adopt aircraft emissions standards modeled on international ones, a move it says will not further reduce climate-damaging emissions from planes.
Twitter says it's cracking down on QAnon conspiracy theory
HONG KONG (AP) — Twitter says it is cracking down on accounts and content related to QAnon, the far-right U.S. conspiracy theory popular among supporters of President Donald Trump.
Business Highlights
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Ohio governor supports nuclear bailout law despite scandal
COLUMBUS, Ohio (AP) — A nuclear plant bailout law should remain in place, Republican Gov. Mike DeWine said Wednesday, even as a bribery scandal involving one of the state’s most powerful lawmakers unfolded over the…
White House, GOP agree on virus testing in new aid bill
WASHINGTON (AP) — Senate Republicans and the White House reached tentative agreement for more testing funds in the next COVID-19 relief package, but deep disagreements over the scope of the $1 trillion in federal a…