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…
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…
Trump forgoes insults of past, calls Mexico cherished friend
WASHINGTON (AP) — President Donald Trump, who has denigrated Mexican migrants and threatened the U.S. ally with crippling tariffs, welcomed President Andrés Manuel López Obrador to the White House on Wednesday, cal…
Facebook civil rights audit: 'Serious setbacks' mar progress
A two-year audit of Facebook’s civil rights record found “serious setbacks” that have marred the social network’s progress on matters such as hate speech, misinformation and bias.
Judge dismisses GM's bribery lawsuit against Fiat Chrysler
DETROIT (AP) — A federal judge in Detroit has tossed out General Motors’ lawsuit alleging that Fiat Chrysler paid off union leaders to get better contract terms than GM.
Serbian leader backtracks on lockdown amid chaotic protests
BELGRADE, Serbia (AP) — Police fired tear gas to disperse rock-throwing protesters in Serbia’s capital on Wednesday as violence erupted for the second day in a row during demonstrations against the president’s hand…
UK gets creative: Job bonus and eating out schemes announced
LONDON (AP) — The British government unveiled a raft of measures Wednesday it hopes will limit an anticipated spike in unemployment as a result of the coronavirus pandemic.