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Sunday, August 18, 2019  Spokane, Washington  Est. May 19, 1883
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National business

News >  Business

Airline, luxury brands follow China’s lead on Hong Kong

The chief executive of Hong Kong’s Cathay Pacific Airways warned Monday there will be “disciplinary consequences” for employees involved in “illegal protests,” as the airline joins a slate of businesses that have appeased and apologized to China in recent days.

News >  Business

British Airways computer problem strands 20,000

Updates with BA saying technical problem is resolved. With AP Photos. British Airways has canceled over 100 flights from London airports after its check-in systems were hit by computer problems, stranding some 20,000 passengers.
News >  Business

FBI: Delivery drivers involved in Amazon theft ring

UPDATED: Fri., Aug. 2, 2019, 7:31 p.m.

The two contract delivery drivers working for Amazon had a clear-cut assignment: They were supposed to bring packages from a warehouse south of Seattle to a post office for shipping, or sometimes drive to Seattle-Tacoma International Airport to pick up items that were being returned to the company. Instead, the FBI said in a search warrant affidavit unsealed last month, they routinely stole the items and sold them at pawn shops.
News >  Business

Trump threatens 10% tariffs on China; stocks plummet on news

UPDATED: Thu., Aug. 1, 2019, 5:08 p.m.

President Donald Trump intensified pressure Thursday on China to reach a trade deal by saying he will impose 10% tariffs Sept. 1 on the remaining $300 billion in Chinese imports he hasn’t already taxed. The move immediately sent stock prices sinking.
News >  Business

Universal says doubling Orlando resort size with 4th park

Universal Orlando officials said Thursday that the resort is doubling in size with plans for an “epic” fourth theme park, but they offered almost no information on when the new park will open, what it will hold or how much they are spending.
News >  Business

Pfizer, Mylan strengthen ties, create new company

UPDATED: Mon., July 29, 2019, 2:35 p.m.

Pfizer, the country’s largest drugmaker, is creating a hybrid new drug company by combining its off-patent branded drug business, Upjohn, with generic pharmaceutical company Mylan. The two companies said Monday that they’ll ultimately spin off the combination of Mylan, a $10 billion company, with Upjohn, which sells household names from Viagra to cholesterol fighter Lipitor that have lost patent protection.