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…
Court overturns order to have GM, Fiat Chrysler chiefs meet
DETROIT (AP) — An appeals court on Monday said the CEOs of General Motors and Fiat Chrysler don't have to meet to settle a lawsuit between the two automakers.
Company that flew Kobe Bryant's helicopter gets federal help
The operator of the helicopter that crashed, killing former NBA star Kobe Bryant and eight others, received between $150,000 and $350,000 from taxpayers under a program to help small businesses hurt by the virus pa…
Business Highlights
___
Markets swell around the world; Nasdaq sets another record
NEW YORK (AP) — Stocks rallied worldwide Monday as investors bet that the economy can continue its dramatic turnaround despite all the challenges ahead.
How major US stock indexes fared Monday
Stocks closed broadly higher on Wall Street Monday, reflecting investor optimism that the economy can continue its turnaround despite all the challenges ahead of it.
Thermo Fisher, Uber rise; Bellus, Dominion fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday:
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for August delivery fell 2 cents to settle at $40.63 a barrel Monday. Brent crude oil for September delivery rose 30 cents to $43.10 a barrel.
Hospitals approaching capacity as Miami closes restaurants
MIAMI (AP) — Hospitals rapidly approached capacity across the Sunbelt, and the Miami area closed indoor dining at restaurants and gyms again because of the surging coronavirus Monday, as the U.S. emerged from a Fou…
Facebook, others block requests on Hong Kong user data
HONG KONG (AP) — Social media platforms and messaging apps including Facebook, WhatsApp, Telegram, Google and Twitter say they will deny law enforcement requests for user data in Hong Kong while studying ramificati…
W.Va. governor's companies get millions in virus loans
Billionaire West Virginia Gov. Jim Justice's family businesses received at least $11.1 million from a federal rescue package meant to keep small businesses afloat during the coronavirus pandemic, according to data …
Trading halted in Portugal energy firm amid corruption probe
LISBON, Portugal (AP) — The Lisbon stock exchange suspended trading in Portugal’s national energy provider EDP and its international renewable energy division Monday after media reports said a magistrate had suspen…
Israeli airline El Al reaches bailout deal with government
TEL AVIV, Israel (AP) — Israeli airline El Al said Monday it had reached a bailout deal with the Israeli government that could lead to its nationalization after being crippled by the coronavirus pandemic.
Jonathan Sackler, co-owner of Purdue Pharma, dies
STAMFORD, Conn. (AP) — Jonathan Sackler, one of the owners of OxyContin maker Purdue Pharma, has died, the company confirmed.
In Russia and Ukraine, no social distance on crowded beaches
SOCHI, Russia (AP) — Tens of thousands of vacation-goers in Russia and Ukraine have descended on Black Sea beaches, paying little heed to public health measures despite the numbers of reported coronavirus cases rem…
Chinese diplomat derides UK's move to offer HK citizenship
LONDON (AP) — The Chinese ambassador to Britain accused Prime Minister Boris Johnson on Monday of meddling in China's affairs by offering citizenship to 3 million people from Hong Kong following the imposition of a…