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…
4.4 million workers seek jobless aid, raising total layoffs since virus hit to more than 26 million
WASHINGTON (AP) — 4.4 million workers seek jobless aid, raising total layoffs since virus hit to more than 26 million.
European economies on course for unprecedented recessions
LONDON (AP) — Europe's economies are heading for unprecedented recessions as a result of the lockdown measures put in place by governments to get a grip on the coronavirus pandemic, closely watched surveys indicate…
Lebanon's currency on downward spiral amid financial turmoil
BEIRUT (AP) — Lebanon’s currency continued its downward spiral against the dollar on Thursday, reaching a new low amid financial turmoil in the crisis-hit country compounded by the coronavirus outbreak.
$23M to get Detroit students tablets, internet amid pandemic
WEST BLOOMFIELD, Mich. (AP) — About 51,000 K-12 public school students in Detroit will receive computer tablets and high-speed internet to help transition from classroom to virtual learning during the coronavirus p…
US long-term mortgage rates edge higher; 30-year at 3.33%
WASHINGTON (AP) — Long-term mortgage rates rose slightly this week, continuing to hover near all-time lows amid anxiety over the economy and housing market gut-punched by the shutdown spurred by the coronavirus pan…
Africa dangerously behind in global race for virus gear
JOHANNESBURG (AP) — Africa's coronavirus cases have
Streaming video, online retailers escape pandemic pounding
NEW YORK (AP) — COVID-19 may have knocked U.S. stocks into a bear market and pummeled the U.S. economy, but the disease has also left some companies asking the question: “What recession?”
Asia Today: Jakarta suspends passenger flights, rail service
BANGKOK (AP) — Indonesia is suspending passenger flights and rail service as it restricts people in the world’s most populous Muslim nation from traveling to their hometowns during the Islamic holy month of Ramadan…
Correction: Virus Outbreak-Florida Unemployment story
TALLAHASSEE, Fla. (AP) — In a story April 20, 2020, about Florida’s unemployment claims, The Associated Press incorrectly said that Luis Perulero was furloughed by Delta Air Lines from his job as a ramp supervisor …
UAW balks at quick auto plant restart; retailers morphing
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.
Expedia, CSX rise; Target, Hershey fall
NEW YORK (AP) —
EU agrees budget, recovery plan needed to beat virus impact
BRUSSELS (AP) — European Union leaders agreed Thursday to revamp the EU's long-term budget and set up a massive recovery fund to tackle the impact of the coronavirus and help rebuild the 27-nation bloc's ravaged ec…
Supreme Court rejects EPA's narrow view of Clean Water Act
WASHINGTON (AP) — The Supreme Court ruled Thursday that sewage plants and other industries cannot avoid environmental requirements under landmark clean-water protections when they send dirty water on an indirect ro…
Union Pacific predicts 25% drop in volume because of virus
OMAHA, Neb. (AP) — Union Pacific's first-quarter profit improved 6%, but the railroad expects shipping volume to plummet 25% in the second quarter because of the ongoing coronavirus outbreak.
Fed will provide monthly disclosures on support programs
WASHINGTON (AP) — The Federal Reserve said Thursday that it will provide monthly reports on several of its economic rescue programs supported by the $2 trillion rescue program passed by Congress.