Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Fuel prices slightly elevated this week
MOSES LAKE — After weeks of steady increases, fuel prices across Washington and the nation largely held steady thi…
US warns firms about sanctions for work on Russian pipelines
WASHINGTON (AP) — The Trump administration on Wednesday hardened its efforts to prevent the completion of new German-Russian and Turkish-Russian natural gas pipelines by warning companies involved in the projects t…
As US seeks production, sole US rare earth miner goes public
The sole miner of rare earths in the U.S. is becoming a public company amid elevated trade tensions with China, the dominant global supplier of the material used in everything from computers to cars.
Jobs, ecology key to France's $110 billion virus rescue plan
PARIS (AP) — France’s new prime minister on Wednesday laid out 100 billion euros ($110 billion) in new spending to rescue the virus-battered economy from its worst crisis since World War II.
Markets rally worldwide on rising hopes for COVID-19 vaccine
NEW YORK (AP) — Wall Street is rallying Wednesday on rising hopes for a COVID-19 vaccine, and the S&P 500 is back to where it was just a few days after it set its record early this year.
Hyundai recalls 272K US cars; electrical outlet can overheat
DETROIT (AP) — Hyundai is recalling more than 272,000 cars in the U.S. because the electrical socket in the dashboard can overheat and cause a fire.
US industrial production surges 5.4% in June
WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels.
Apple wins big EU court case over $15 billion in taxes
BRUSSELS (AP) — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals' ability to strike special tax deals with individual EU countries when it ruled that Appl…
Virus resurgence forces countries to reimpose restrictions
PROMACHONAS, Greece (AP) — Countries around the world are reimposing lockdowns and implementing new health checks at their borders in an effort to curb a resurgence of the coronavirus before it spins even further o…
Goldman 2Q profit tops forecast on strong trading revenue
NEW YORK (AP) — Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks.
Tech entrepreneur's dismembered body found in luxury condo
NEW YORK (AP) — The dismembered body of a 33-year-old tech entrepreneur was found inside his luxury Manhattan condo where an electric saw was left behind, police said Wednesday.
Italy, Benettons reach deal after Genoa bridge collapse
ROME (AP) — Italy’s government said Wednesday it scored a victory in a battle stemming from the deadly 2018 collapse of Genoa’s main bridge, with the Benetton fashion family agreeing to exit the company that manage…
With elective procedures delayed, UnitedHealth profit spikes
The nation’s largest health insurer more than doubled its second-quarter profit, as COVID-19 shutdowns kept patients out of doctor’s offices and off operating tables.
Europe's shift to electric cars picks up despite recession
FRANKFURT, Germany (AP) — The coronavirus has cancelled business plans all over the world but Europe's push into electric cars isn't one of them. Sales of battery-powered and hybrid cars have held up better than th…
German railway orders 30 high-speed trains for $1.1 billion
BERLIN (AP) — Germany's national railway operator is ordering 30 new high-speed trains from industrial conglomerate Siemens for some 1 billion euros ($1.1 billion).
The Latest: Tokyo governor warns infections rising quickly
TOKYO — Tokyo Gov. Yuriko Koike says the spread of infections in the Japanese capital has escalated to levels tantamount to “issuing an alarm,” and requested residents and business owners to step up preventive meas…