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…
Diamond Offshore files for bankruptcy as oil prices crash
BANGKOK (AP) — Contract driller Diamond Offshore has filed for bankruptcy with debts of $2.6 billion, as the energy industry is hammered by crashing oil prices.
CDC compiles new guidelines to help organizations reopen
WASHINGTON (AP) — Businesses should close break rooms. Restaurants should consider disposable menus and plates. Schools should have students eat lunch in their classrooms.
UN: $90 billion could protect 700 million poor in pandemic
UNITED NATIONS (AP) — The U.N. humanitarian chief said Monday that $90 billion could provide income support, food and a health response to the coronavirus pandemic for 700 million of the world’s most vulnerable peo…
Adidas earnings slammed by virus, online sales picking up
FRANKFURT, Germany (AP) — Sports apparel and shoe company Adidas saw its earnings fall sharply in the first quarter as the virus outbreak closed 70% of its global store base. Net profit from continuing operations f…
Deutsche Bank net profit falls due to pandemic
FRANKFURT, Germany (AP) — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business. The bank said it was letting its financial buf…
Questions swirl as Fed meets amid deepening economic crisis
WASHINGTON (AP) — The Federal Reserve has largely calmed turbulent financial markets. Yet a far tougher task remains: Helping rescue an economy and job market that appear to be free-falling into the worst catastrop…
Fears of virus seem far away as stores reopen in rural US
ROUNDUP, Mont. (AP) — Traffic got a little busier along Main Street, but otherwise, it was hard to tell that coronavirus restrictions were ending in the tiny Montana town of Roundup.
Asia Today: Surfers back in the water in New Zealand, Bondi
BANGKOK (AP) — Surfers greeted a spectacular sunrise in Christchurch, construction workers purchased their favorite espresso coffees and some lawmakers returned to Parliament in the capital Wellington on Tuesday as…
Digital-ad downturn may complicate life for Google, Facebook
Demand for digital advertising is shriveling after a decade of explosive growth amid the pandemic-fueled downturn. That could complicate things for Google and Facebook, who for the first time may have to contend wi…
US auto factories likely to stay closed another 2 weeks
DETROIT (AP) — Fiat Chrysler is backing off a planned May 4 restart at its North American factories because some U.S. states still will have stay-home orders in place.
Masks, temperature checks mark 'new normal' at restaurants
SAVANNAH, Ga. (AP) — With staff wearing masks, checking customers' temperatures and using disposable paper place mats, some of the nation's restaurants reopened for dine-in service Monday as states loosened more
Companies stash cash to survive; Europe reopens, slowly
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the global economy, the work place and the spread of the virus.
Business Highlights
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Small business loan program restarts, runs into snags
NEW YORK (AP) — The second round of loan applications for the government's small business relief program has been slowed by computer issues at the Small Business Administration.
Virus is expected to reduce meat selection and raise prices
DES MOINES, Iowa (AP) — Meat isn't going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses. But as the meat plants struggle to remain open, consumers could…