Saturday, July 24, 2021
July 24, 2021

Linkedin Pinterest

Business

Business BriefsClark County BusinessColumnistsTransactionsWorking in Clark County
President Joe Biden speaks about the economy and his infrastructure agenda in the State Dining Room of the White House, in Washington, Monday, July 19th, 2021.

Biden: ‘Killing people’ remark was call for big tech to act

President Joe Biden speaks about the economy and his infrastructure agenda in the State Dining Room of the White House, in Washington, Monday, July 19th, 2021.

July 19, 2021, 2:55pm Business

WASHINGTON (AP) — President Joe Biden tempered his assessment that social media giants are “killing people” by hosting misinformation about the COVID-19 vaccines on their platforms, saying Monday that he hoped they would not take it “personally” and instead would act to save lives. Read story

FILE - In this Dec. 18, 2020, file photo, a person passes the office of the California Employment Development Department in Sacramento, Calif. The recession that broke out with onset of the coronavirus pandemic officially ended in April 2021, making it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.

Pandemic recession ended in April 2020, shortest on record

FILE - In this Dec. 18, 2020, file photo, a person passes the office of the California Employment Development Department in Sacramento, Calif. The recession that broke out with onset of the coronavirus pandemic officially ended in April 2021, making it the shortest downturn on record, according to the committee of economists that determines when recessions begin and end.

July 19, 2021, 2:52pm Business

WASHINGTON (AP) — It hit like a derailed train, was hugely destructive but short-lived. Read story

A trader works in his booth on the floor of the New York Stock Exchange, Monday, July 12, 2021. Stocks are opening broadly lower on Wall Street, echoing losses overseas, as investors become more worried about a resurgence in global infections of COVID-19. The benchmark S&P 500 was down 1.2% in the early going Monday, July 19 and Treasury yields moved lower as investors moved money into U.S. government bonds.

Dow sinks 2% as virus fears flare again

A trader works in his booth on the floor of the New York Stock Exchange, Monday, July 12, 2021. Stocks are opening broadly lower on Wall Street, echoing losses overseas, as investors become more worried about a resurgence in global infections of COVID-19. The benchmark S&P 500 was down 1.2% in the early going Monday, July 19 and Treasury yields moved lower as investors moved money into U.S. government bonds.

July 19, 2021, 1:15pm Business

NEW YORK — Resurgent pandemic worries knocked stocks lower from Wall Street to Tokyo on Monday, fueled by fears that a faster-spreading variant of the virus may upend the economy's strong recovery. Read story

An exterior view of the copper face of the new Fred Meyer at Grand Central, Thursday April 10, 2008.

Union warehouse workers at Fred Meyer vote to authorize strike

An exterior view of the copper face of the new Fred Meyer at Grand Central, Thursday April 10, 2008.

July 19, 2021, 11:31am Business

PORTLAND (AP) — Fred Meyer warehouse workers have voted unanimously to authorize a strike, which could disrupt food distribution at 180 locations across the Pacific Northwest as early as Monday. Read story

FILE - In this Wednesday, Oct. 30, 2019, file photo, Republican Ohio state Rep. Larry Householder sits at the head of a legislative session as Speaker of the House, in Columbus. Householder is charged in a $60 million bribery case, alleging he helped a $1 billion nuclear plant bailout. The 2020 arrests of Householder and four associates in connection with the scheme have rocked politics and business across Ohio.

A year out, $60M bribery scandal felt in business, politics

FILE - In this Wednesday, Oct. 30, 2019, file photo, Republican Ohio state Rep. Larry Householder sits at the head of a legislative session as Speaker of the House, in Columbus. Householder is charged in a $60 million bribery case, alleging he helped a $1 billion nuclear plant bailout. The 2020 arrests of Householder and four associates in connection with the scheme have rocked politics and business across Ohio.

July 19, 2021, 8:14am Business

COLUMBUS, Ohio — The arrests one year ago Wednesday of then-Ohio House Speaker Larry Householder and four associates in connection with an alleged $60 million bribery scheme have rocked business and politics across the state, and events over the last year suggest a federal probe’s tentacles only continue to grow. Read story

FILE - In this March 13, 2015 file photo, Toyota President and CEO Akio Toyoda, left, and IOC President Thomas Bach pose with a signed document during a press conference in Tokyo as Toyota signed on as a worldwide Olympic sponsor in a landmark deal, becoming the first car company to join the IOC's top-tier marketing program. Toyota won't be airing any Olympic-themed advertisements on Japanese TV during the Tokyo Games despite being one of the IOC's top corporate sponsors.

Top Olympic sponsor Toyota pulls Games-related TV ads

FILE - In this March 13, 2015 file photo, Toyota President and CEO Akio Toyoda, left, and IOC President Thomas Bach pose with a signed document during a press conference in Tokyo as Toyota signed on as a worldwide Olympic sponsor in a landmark deal, becoming the first car company to join the IOC's top-tier marketing program. Toyota won't be airing any Olympic-themed advertisements on Japanese TV during the Tokyo Games despite being one of the IOC's top corporate sponsors.

July 19, 2021, 8:13am Business

TOKYO — Toyota won’t be airing any Olympic-themed advertisements on Japanese television during the Tokyo Games despite being one of the IOC’s top corporate sponsors. Read story

FILE - In this Jan. 28, 2020, file photo, a Microsoft computer is among items displayed at a Microsoft store in suburban Boston. The Biden administration on Monday, July 19, 2021, blamed China for a hack of Microsoft Exchange email server software that compromised tens of thousands of computers around the world earlier in the year.

Microsoft Exchange hack caused by China, U.S. and allies say

FILE - In this Jan. 28, 2020, file photo, a Microsoft computer is among items displayed at a Microsoft store in suburban Boston. The Biden administration on Monday, July 19, 2021, blamed China for a hack of Microsoft Exchange email server software that compromised tens of thousands of computers around the world earlier in the year.

July 19, 2021, 8:12am Business

WASHINGTON — The Biden administration and Western allies formally blamed China on Monday for a massive hack of Microsoft Exchange email server software and accused Beijing of working with criminal hackers in ransomware attacks and other cyber operations. Read story

Fraud cases skyrocketed in Washington in 2020, say reports

July 19, 2021, 7:54am Business

TACOMA — A statewide crime report for 2020 showed the effect that last year’s swarm of fraudulent unemployment claims had on Washington’s overall crime statistics. Read story

Fred Meyer warehouse workers vote to authorize strike; work stoppage could begin Monday

July 19, 2021, 7:45am Business

OLYMPIA — Fred Meyer warehouse workers, represented by Teamsters Local 117, voted 335-0 to authorize a strike on Saturday that could take effect at stores across the Northwest as early as Monday, the union announced. Read story

A customer checks out produce at a farmers market. Since the pandemic, farmers in Ohio are looking  for new ways to sell their meat and produce.

COVID-19 convinced farmers to sell directly to consumers, something they say they’ll keep doing

A customer checks out produce at a farmers market. Since the pandemic, farmers in Ohio are looking  for new ways to sell their meat and produce.

July 19, 2021, 6:02am Business

COLUMBUS, Ohio — County Line Meats lost a large portion of its customer base when Ohio temporarily shuttered most restaurants in mid-March last year. Then it faced lingering uncertainty as the hospitality industry navigated pandemic-related restrictions and patrons stayed home. Read story