Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
'It begins with integrity'
MOSES LAKE — When Simon Ribellia started painting homes at age 15, he wasn't planning on making it a full-time car…
Downtown Moses Lake Association starts grant program
MOSES LAKE — A thriving downtown is essential to any healthy community. That’s why the Downtown Moses Lake Association has initiated a grant program to help downtown Moses Lake businesses significantly impacted by …
First-time unemployment claims fall in Grant County
EPHRATA — While first-time unemployment claims in Grant County for the week ending May 2 fell by 11.6 percent from the previous week, the local unemployment rate is still more than twice what it was for the same pe…
Small business loan fund still flush, but dwindling fast
MOSES LAKE — There is enough in the Paycheck Protection Program (PPP) loan fund to last for a few more weeks, according to Allan Peterson, a business development manager with the Small Business Administration.
Mitsubishi, Bombardier deal to close on June 1
TOKYO — Mitsubishi Aircraft announced on Thursday that its $550 million deal to purchase Bombardier’s Canadair passenger aircraft division will close on June 1.
New Samaritan hospital project will be delayed
MOSES LAKE — Construction on the new Samaritan hospital probably won’t begin in 2020, officials said Wednesday, after they passed through two months that saw a…
Grant EDC: Some EIDL borrowers need to reapply
MOSES LAKE — Any business owner who applied for an Economic Injury Disaster Loan (EIDL) directly from the Small Business Administration and has a loan confirmation number beginning with “2” should reapply online fo…
Buffett's firm reports nearly $50B loss as investments drop
OMAHA, Neb. (AP) — Warren Buffett’s company reported a nearly $50 billion loss on Saturday because of a huge drop in the paper value of its investments, though the company is still sitting on a huge pile of cash.
Columbia Basin Foundation raises $126,000 for local grants to boost non-profits, small business
EPHRATA — Columbia Basin Foundation, or CBF, is making $126,000 available in grants to non-profits — including chambers of commerce — to help boost small businesses during the closures associated with the COVID-19 …
Bangladesh factories resume work, risking new virus cases
DHAKA, Bangladesh (AP) — Bangladesh has reopened hundreds of its garment factories this week after nearly one month of closures to fight the coronavirus pandemic in a move critics say risks igniting a sharp increas…
US Steel expects to lay off 2,700 as virus reduces demand
PITTSBURGH (AP) — U.S. Steel expects to lay off roughly 2,700 employees as the demand for iron and steel drops during the coronavirus pandemic, the company said.
PG&E to purge most of its board in fallout from bankruptcy
BERKELEY, Calif. (AP) — PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when it emerges from a bankruptcy case triggered by deadly wildfires ignited in Northern…
Forbidden City, parks in Chinese capital reopen to public
BEIJING (AP) — Beijing’s parks and museums including the ancient Forbidden City reopened to the public Friday after being closed for months by the coronavirus pandemic.
How major US stock indexes fared Friday
Stocks closed lower on Wall Street Friday, giving up their gains for the week, after Amazon and other big companies laid out how the coronavirus pandemic is hitting their bottom lines.
Virus delays prison time for Hot Pockets heir, ex-CEO
An heir to the Hot Pockets fortune and a former investment executive who participated in the college admissions cheating scheme won't get to serve their punishments at home, but they can delay going to prison until…
Buffett's firm reports nearly $50B loss as investments drop
OMAHA, Neb. (AP) — Warren Buffett’s company reported a nearly $50 billion loss on Saturday because of a huge drop in the paper value of its investments, though the company is still sitting on a huge pile of cash.