Tuesday, August 4, 2020
Aug. 4, 2020

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S&P 500 has biggest loss in nearly 4 weeks as tech stumbles

July 22, 2020, 3:15pm Business

NEW YORK — Slumping stocks across most of Wall Street sent the S&P 500 to its worst loss in nearly four weeks on Thursday, undercut by a report showing layoffs are picking up across the country with coronavirus counts. Read story

Nike begins layoffs, shakes up leadership

July 22, 2020, 10:42am Business

PORTLAND — Oregon’s largest company said Wednesday that it is beginning layoffs the company announced last month as it shakes up the company’s leadership and realigns its strategy under newly installed CEO John Donahoe. Read story

A 17-year-old called out Trader Joe’s. Now the chain is dropping offensive labeling

July 22, 2020, 8:31am Business

LOS ANGELES When Trader Joe’s founder Joe Coulombe died earlier this year, he was hailed as a marketing whiz, a retail visionary. He had opened a small, nautical-themed market in South Pasadena in 1967 and watched it grow into an empire of nearly 500 stores nationwide. Read story

U.S. sales of existing homes jump 20% after a 3-month slump

July 22, 2020, 8:21am Business

BALTIMORE — Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale. Read story

U.S. signs contract with Pfizer for COVID-19 vaccine doses

July 22, 2020, 8:20am Business

WASHINGTON — The Trump administration will pay Pfizer nearly $2 billion for a December delivery of 100 million doses of a COVID-19 vaccine the pharmaceutical company is developing, Health and Human Services Secretary Alex Azar announced Wednesday. Read story

Slack files anti-competitive complaint vs. Microsoft in EU

July 22, 2020, 8:19am Business

Workplace chatting service Slack has filed a complaint in the EU against Microsoft, accusing the software company of anti-competitive behavior. Read story

Construction on Block 10 in downtown Vancouver underway

July 22, 2020, 6:05am Business

Block 10, one of the last undeveloped blocks in downtown Vancouver, is under construction as workers began digging out a foundation. Read story

Stretch of Interstate 5 in Clark County to temporarily close as summer road projects begin

July 22, 2020, 6:05am Business

A roughly five-mile stretch of Interstate 5 in Clark County is scheduled to close in both directions beginning 11 p.m. Friday while crews install an overhead sign bridge. The freeway is scheduled to reopen at 6 a.m. Saturday. Read story

Vancouver City Council extends its fossil-fuel moratorium

July 22, 2020, 6:01am Business

A six-month ban on new fossil fuel infrastructure will remain in place, the Vancouver city council decided Monday, after a public hearing showed broad support for the moratorium. Read story

Partial reopening boosts jobs in Clark County

July 21, 2020, 6:29pm Business

Clark County gained about 5,800 jobs in June, thanks to the county’s partial reopening at the beginning of the month. Read story