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…
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.
Tesla ekes out small 1Q net profit, surprising Wall Street
DETROIT (AP) — Tesla eked out a small first-quarter net profit just as the coronavirus outbreak started to affect the electric car and solar panel maker.
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.
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…
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…
Brinker, Gilead rise; Hasbro, Akamai Technologies fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Cyprus unveils road map to easing coronavirus restrictions
NICOSIA, Cyprus (AP) — Cyprus’ president unveiled a road-map Wednesday for gradually lifting a strict, stay-at-home order over the next month that has until now helped to contain the spread of the coronavirus.
Bad hair days: Virus confounds stylists in a fashion capital
NEW YORK (AP) — Sara Gilmore has swapped out her hairbrush for a paintbrush.
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.
Fed signals it will likely hold rates near zero for months
WASHINGTON (AP) — The Federal Reserve
Gilead drug proves effective against coronavirus in US study
An experimental drug has proved effective against the new coronavirus in a major study, shortening the time it takes for patients to recover by four days on average, U.S. government and company officials announced …
Fed keeps key rate near zero and pledges to use 'full range of tools' to bolster a sinking US economy
WASHINGTON (AP) — Fed keeps key rate near zero and pledges to use 'full range of tools' to bolster a sinking US economy.
Making public transit safe a next hurdle in easing lockdowns
THE HAGUE, Netherlands (AP) — In cities around the world, public transportation systems are key to getting workers back on the job and restarting devastated economies. Yet methods of getting around, ranging from tr…
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…
Company says drug proved effective against virus in US study
A biotech company said Wednesday its experimental drug has proved effective against the new coronavirus in a major U.S. government study that put it to a strict test.