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…
Philippine lawmakers have voted to reject the license renewal of the country’s largest TV network, ABS-CBN Corp.
MANILA, Philippines (AP) — Philippine lawmakers have voted to reject the license renewal of the country’s largest TV network, ABS-CBN Corp.
Fiat Chrysler recall: Steering wheel part can be projectile
DETROIT (AP) — Fiat Chrysler is recalling more than 1.2 million older minivans and SUVs worldwide because plastic emblems on the steering wheels can loosen and become projectiles if the driver’s air bag is inflated…
Gilead Sciences, Matson rise; WD-40, Eli Lilly fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
China auto sales off 22.4% in first half of 2020
BEIJING (AP) — China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the coronavirus, an industry group reported Friday.
Pope names Draghi, ex-head of European Central Bank to panel
VATICAN CITY (AP) — Mario Draghi, the former head of the European Central Bank, has been appointed by Pope Francis to a Vatican advisory panel, the Holy See said on Friday.
US targets $1.3 billion in French imports in tech tax clash
WASHINGTON (AP) — The Trump administration on Friday announced plans to impose taxes on $1.3 billion in French imports — hitting handbags and makeup but sparing cheese and wine — in retaliation for France’s digital…
Business Highlights
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US bets on untested company to deliver COVID-19 vaccine
When precious vats of COVID-19 vaccine are finally ready, jabbing the lifesaving solution into the arms of Americans will require hundreds of millions of injections.
France investigating millions in virus unemployment fraud
PARIS (AP) — Organized crime groups sought to defraud the French state of millions of euros meant for workers left jobless by the virus lockdown, prosecutors said Friday.
Amazon says email barring TikTok from employee phones for 'security risks' was in error; TikTok policy is unchanged
NEW YORK (AP) — Amazon says email barring TikTok from employee phones for 'security risks' was in error; TikTok policy is unchanged.
Facebook's software kit to blame for popular apps crashing
OAKLAND, Calif. (AP) — Friday's widespread crashes of popular apps running on the iPhone’s iOS operating system — including Tinder, Spotify and Pinterest — serve as a reminder that Facebook is still tracking you th…
COVID-19 heroes must jump through hoops for workers' comp
WASHINGTON (AP) — Lauded for their service and hailed as everyday heroes, essential workers who get the
Flood-weary Venice puts 'Moses' inflatable barriers to test
ROME (AP) — Venice has conducted a trial run of an ambitious anti-flood system of 78 inflatable barriers in hopes of protecting the lagoon city from devastating high tides.
Fed buys more corporate bonds but may soon end purchases
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by sellin…
Wall Street rallies as optimism returns to cap erratic week
NEW YORK (AP) — Optimism returned to Wall Street on Friday, and stocks rallied to cap a shaky week dogged by worries that rising coronavirus counts may halt the economy’s recent upswing.