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…
Correction: Virus Outbreak-Business Fallout story
In a story July 7, 2020, about business-related fallout from the coronavirus pandemic, The Associated Press erroneously reported Regeneron Pharmaceuticals is working on a COVID-19 vaccine candidate. The drug, REGN-…
Hottest commodity in Lebanon's economic chaos: The US dollar
BEIRUT (AP) — The lines snaked around the block. Then they swelled to fill the whole street, before they turned into a raucous mob of men shoving to the front of the line. There at the exchange bureau, they could b…
US starts talks on free trade agreement with Kenya
WASHINGTON (AP) — The United States and Kenya began talks on a free trade agreement Wednesday that would mark the first U.S. trade deal with a sub-Saharan nation.
Malaysian palm oil giant hit with forced labor allegations
MINNEAPOLIS (AP) — An anti-trafficking organization has filed a petition to ban the importation of palm oil produced by one of the world’s largest suppliers, saying it found evidence of child and forced labor on pl…
'A hot mess': Americans face testing delays as virus surges
AUSTIN, Texas (AP) — With a cough and shortness of breath, it took Austin, Texas, resident Sam Lee three tries to get a COVID-19 test.
Facebook takes down accounts tied to Roger Stone
OAKLAND, Calif. (AP) — Facebook on Wednesday said it has removed dozens of accounts linked to the hate group Proud Boys, to President Donald Trump’s longtime ally Roger Stone and to employees of Brazil’s president,…
Rio Tinto to close New Zealand smelter and ax 1,000 jobs
WELLINGTON, New Zealand (AP) — Mining giant Rio Tinto said Thursday it will close its aluminum smelter in southern New Zealand, resulting in 1,000 job losses and dealing a major economic blow to the region.
US consumers reduced their borrowing by $18.3 billion in May
WASHINGTON (AP) — U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on new debt.
Biogen, AMC Entertainment rise; Levi Strauss, Ascena fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
United Airlines warns 36,000 workers they could be laid off
United Airlines is warning 36,000 employees — nearly half its U.S. staff — they could be furloughed in October, the clearest signal yet of how deeply the virus pandemic is hurting the airline industry.
Nevada regulators OK company buying Caesars Entertainment
LAS VEGAS (AP) — Reno-based Eldorado Resorts Inc. received the go-ahead Wednesday from Nevada casino regulators to buy Caesars Entertainment Corp. in a $17.3 billion deal creating a gambling giant owning or operati…
Business Highlights
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Housing market heats up, cruise industry in murky waters
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of t…
Canada predicts historic deficit due to pandemic spending
OTTAWA (AP) — The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19.
A deeply divided Poland chooses a president in runoff vote
WARSAW, Poland (AP) — Two bitter rivals are heading into a razor's-edge presidential runoff election Sunday in Poland that is seen as an important test of populism in Europe after a campaign that exacerbated a cons…