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…
3.8 million workers seek US unemployment aid, raising total layoffs since virus hit hard to 30 million
WASHINGTON (AP) — 3.8 million workers seek US unemployment aid, raising total layoffs since virus hit hard to 30 million.
30 million have sought US unemployment aid since virus hit
WASHINGTON (AP) — More than 3.8 million laid-off workers
No joy for Thai drinkers as ban on alcohol sales extended
BANGKOK (AP) — Drinkers in Thailand desperate for a tall beer or a nightcap after a three-week ban on alcohol sales are out of luck. Authorities in the capital, Bangkok, have announced that the ban, imposed in Apri…
American Airlines posts $2.2 billion loss during pandemic
DALLAS (AP) — American Airlines lost $2.24 billion in the first quarter as the coronavirus pandemic triggered a sharp drop in air travel, and the airline is taking steps to survive but as a smaller carrier.
Spain's economy shrinks, oil looms large with oversupply
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.
Twitter swings to 1Q loss despite revenue growth as costs up
Twitter posted a loss in the first quarter as the social media company's higher expenses outweighed revenue growth.
European Central Bank cuts rate on cheap loans to banks, offers new credit to banks to cushion economy against outbreak
FRANKFURT, Germany (AP) — European Central Bank cuts rate on cheap loans to banks, offers new credit to banks to cushion economy against outbreak.
McDonald's says 1Q sales drop as 25% of stores are closed
Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales.
UK admits it could miss 100,000 daily virus tests target
LONDON (AP) — The British government has acknowledged that it may miss its self-imposed goal of conducting 100,000 tests for coronavirus a day by the end of Thursday. But officials insisted that the U.K. is rapidly…
Europe's employment aid keeps jobs from vanishing -- for now
PARIS (AP) — Christian Etchebest's Parisian bistro is a shadow of its usual bustling self. Five lunch specials sit in neat paper bags on the bar awaiting takeout customers — a tiny fraction of his normal midday bus…
Eurozone economy shrinks 3.8% in first quarter, biggest drop since records began in 1995; unemployment inches up
BRUSSELS (AP) — Eurozone economy shrinks 3.8% in first quarter, biggest drop since records began in 1995; unemployment inches up.
Asia Today: Australian capital free of known virus cases
BANGKOK (AP) — The Australian Capital Territory has become the first of the country’s eight states and mainland territories to declare itself free of all known cases of the coronavirus.
W. Virginia gov's coal companies to appeal lawsuit rulings
CHARLESTON, W.Va. (AP) — An appeal is planned in rulings against coal companies owned by West Virginia Gov. Jim Justice in a lawsuit that accused them of defaulting on a mining contract, an attorney said.
Journalists' working conditions hit hard by coronavirus
BRUSSELS (AP) — The working conditions of news reporters around the globe have deteriorated during the coronavirus pandemic amid job losses and attacks on media freedom, according to a survey published Thursday by …
Nokia profit up; sales dip with coronavirus supply issues
HELSINKI (AP) — Finnish telecom equipment maker Nokia has reported improved first quarter profit but said the COVID-19 pandemic dented sales by around 200 million euros ($218 million) mainly due to supply issues as…