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…
Unemployment surge pushing state funds toward insolvency
JEFFERSON CITY, Mo. (AP) — A surge in unemployment stemming from the coronavirus shutdown of large parts of the U.S. economy is starting to push some state jobless funds toward insolvency.
Judge allows Nestle to pump more water from Michigan well
EVART, Mich. (AP) — A bottled water company has won a key decision in its effort to pump more water from a well in western Michigan.
Business Highlights
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Fitch cuts Italy's gov't debt grade, auto plants reopening
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus.
Asian shares rise on hopes for drug to treat coronavirus
TOKYO (AP) — Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the U.S. economy…
Plan to use malaria drug in Mumbai slums temporarily shelved
NEW DELHI (AP) — A plan to give the anti-malarial drug hydroxychloroquine to thousands of people in Mumbai’s crowded slums to prevent coronavirus infections has temporarily been shelved, officials said Wednesday.
Economists agree: No quick rebound from recession is likely
WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating.
A 1st: US study finds Gilead drug works against coronavirus
For the first time, a major study suggests that an experimental drug works against the new coronavirus, and U.S. government officials said Wednesday that they would work to make it available to appropriate patients…
Indian news media fight virus on financial, political fronts
NEW DELHI (AP) — India's news publishers face a delicate balancing act as they look to offset financial losses from sinking ad sales with support from a government seeking to control the narrative on the coronaviru…
How major US stock indexes fared Wednesday
Stocks marched higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19.
Brazil leaves its many poor hanging amid coronavirus surge
RIO DE JANEIRO (AP) — Work had already dried up for Ivanilson Gervásio when the coronavirus first emerged in Brazil in late February. As cases now surge amid a simultaneous implosion of Latin America's largest econ…
Curtain lowers on nuke plant a stone's throw from Manhattan
ALBANY, N.Y. (AP) — With the push of a red button, one of the two operating reactors at an aging nuclear plant serving millions of people in the New York City area will shut down Thursday night as federal regulator…
Drug proves effective against virus as economic damage rises
Scientists on Wednesday announced the first effective treatment against the coronavirus — an experimental drug that can speed the recovery of COVID-19 patients — in a major medical advance that came as the economic…
Fed signals it will likely hold rates near zero for months
WASHINGTON (AP) — The Federal Reserve
Closing prices for crude oil, gold and other commodities
Benchmark U.S. crude oil for June delivery rose $3.78, or 25.1%, to close at $18.84 a barrel Thursday. Brent crude oil, the international standard, rose $2.73, or 12.1%, to $25.27 a barrel.