Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Horizon employees give back to community
MOSES LAKE — The team at Horizon Credit Union took some time away from the office Tuesday to tackle a different li…
Borgata to reopen July 26, last of Atlantic City's 9 casinos
ATLANTIC CITY, N.J. (AP) — The Borgata casino will reopen on July 26, the last of Atlantic City's nine gambling resorts to resume operating amid the coronavirus outbreak.
Wells Fargo loses $2.4 billion in 2Q, first loss since 2008
Silver Spring, Md. (AP) — Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008.
“Growth has stalled": Surge in US infections hits Delta
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected…
UK to exclude Huawei from role in high-speed phone network
LONDON (AP) — Britain’s government on Tuesday backtracked on plans to give Chinese telecommunications company Huawei a limited role in the U.K.’s new high-speed mobile phone network in a decision with broad implica…
UK government to exclude Huawei from role in supplying new high-speed network equipment to wireless carriers
LONDON (AP) — UK government to exclude Huawei from role in supplying new high-speed network equipment to wireless carriers.
JPMorgan profit hit hard by pandemic, as consumers struggle
NEW YORK (AP) — The coronavirus pandemic is weighing heavily on the financial health of JPMorgan Chase, as the nation’s largest financial company set aside billions in the second quarter to cover potential losses f…
Catalan leader demands investigation into Spain spying claim
MADRID (AP) — The speaker of the Catalan regional parliament demanded Tuesday that the Spanish government launch an official investigation into reports that his cellphone was the target of espionage, allegedly by S…
“Growth has stalled" .... surging infections hit Delta
Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which air travel collapsed because of the coronavirus pandemic, and a hoped-for recovery has been delayed by a resurgence of infected America…
Huawei posts 13.1% revenue growth amid pandemic, sanctions
HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pande…
UK economic bounceback falls short of V-shaped recovery hope
LONDON (AP) — The British economy grew by far less than anticipated during May, dampening hopes that the recovery from what is set to be one of the country's deepest recessions in centuries will be rapid.
Global shares drop on jitters over virus, China-US friction
TOKYO (AP) — Global shares fell Tuesday as skepticism set in about the recent upward momentum in global markets given rising confirmed coronavirus cases and percolating tensions between the U.S. and China.
Demand for robot cooks rises as kitchens combat COVID-19
HAYWARD, California (AP) — Robots that can cook - from flipping burgers to baking bread - are in growing demand as virus-wary kitchens try to put some distance between workers and customers.
Look out, Mars: Here we come with a fleet of spacecraft
CAPE CANAVERAL, Fla. (AP) — Mars is about to be invaded by planet Earth — big time.
2 biggest California districts say school will start online
SACRAMENTO, Calif. (AP) — The Los Angeles and San Diego school districts, the two largest in California with a combined K-12 student population of about 720,000, announced Monday they won't bring students back to c…
Germany aims to make its EU presidency 'climate neutral'
BERLIN (AP) — German is aiming to make its six-month presidency of the European Union “climate neutral,” by organizing events in such a way as to reduce greenhouse gas emissions and offsetting any that can't be avo…