Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Moses Lake SGL plant waiting for buyer
MOSES LAKE — The SGL plant in Moses Lake is for sale, and proposals to buy it are due this week. Basin Ag Sales is…
With rural Kansas looking to reopen, doctor remains nervous
TOPEKA, Kan. (AP) — Dr. Beth Oller would like Kansas to remain under
Commodities ripe for a rebound
LOS ANGELES (AP) — The near shutdown of the economy in response to COVID-19 has reduced demand for commodities like oil, lumber and copper and triggered sharp drops in their prices, but some analysts predict the st…
Report: Mexico's economy plunges deeper into recession
MEXICO CITY (AP) — Mexico’s economic activity dropped 1.6% in the first quarter compared to the final three months of 2019, plunging the country deeper into a recession that predated the coronavirus pandemic, accor…
McDonald's says 25% of stores closed as 1Q sales fall
McDonald's says it has likely reached the trough of global restaurant closures due to COVID-19, with 25% still shuttered. But business has been slow to return as lockdown orders continue to disrupt consumers' routi…
Tyson temporarily closes Nebraska beef plant for cleaning
DAKOTA CITY, Neb. (AP) — Tyson Foods said Thursday that it was temporarily suspending operations at a Nebraska beef processing plant that serves as the largest employer for neighboring Sioux City, Iowa, after a sur…
Virus outbreak pressures company profits, sales
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the global economy, the work place and the spread of the virus.
Fauci warns states against 'tempting' a coronavirus rebound
WASHINGTON (AP) — The nation's top infectious disease expert said Thursday that new cases of the
Fed expands Main Street Lending Program for businesses
WASHINGTON (AP) — The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the economic disruptions caused by the coronavirus pa…
Germany wary of lifting lockdown, despite economic pain
BERLIN (AP) — Politicians and scientists in Germany pushed back against calls for a rapid relaxation of pandemic restrictions as new figures released Thursday showed that businesses have applied for state aid to av…
US consumer spending plunges record 7.5%, reflecting virus
WASHINGTON (AP) — U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders.
Turkey sends 2nd consignment of medical supplies to US
ANKARA, Turkey (AP) — A second Turkish military plane took off from an air base near Ankara on Thursday carrying more medical aid to the United States which has been hit hard by the coronavirus pandemic.
With European economy in record drop, central bank gives aid
FRANKFURT, Germany (AP) — The European Central Bank is stepping up its efforts to cushion the economy against a record downturn that the bank's president, Christine Lagarde, said was “of a magnitude and speed that …
US consumer spending plunges 7.5% in March, reflecting growing virus impact
WASHINGTON (AP) — US consumer spending plunges 7.5% in March, reflecting growing virus impact.
US wages and benefits were steadily rising before COVID-19
BALTIMORE (AP) — Before the coronavirus outbreak led to 30 million job losses, the average gains in wages and benefits had been steadily rising for the first three months of this year.
Lebanon to announce long-awaited economic reform plan
BEIRUT (AP) — Lebanon’s government on Thursday endorsed a long-awaited economic rescue plan meant to address a spiraling financial crisis and nationwide protests amid a currency collapse and a surge in prices.