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…
The Latest: Pompeo: China using virus to push ambitions
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With masks and distancing, Volkswagen restarts production
ZWICKAU, Germany (AP) — German automaker Volkswagen restarted production on Thursday at its plant in Zwickau, where its crucial mass-market electric vehicle is being made ahead of its launch later this year.
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…
$23M to provide laptops for Detroit students 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…
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.
Medical companies pummeled by outbreak; a fresh market opens
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.
Tyson Foods idles largest pork plant as virus slams industry
IOWA CITY, Iowa (AP) — Tyson Foods suspended operations Wednesday at an Iowa plant that is critical to the nation's pork supply but was blamed for fueling a massive coronavirus outbreak in the region.
New virus timeline: California had 2 deaths weeks earlier
SAN FRANCISCO (AP) — Two people with the coronavirus died in California as much as three weeks before the U.S. reported its first death from the disease in late February — a gap that a top health official said Wedn…
China buys crude as prices collapse, adding to stockpiles
BEIJING (AP) — China, the world’s biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak.
CSX 1Q profit drops 8%, railroad withdraws outlook for year
OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outb…
The Latest: Guterres: Pandemic nearing "human rights crisis”
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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.
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.
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…
Hot Pockets heir seeks to avoid prison time, citing virus
An heir to the Hot Pockets fortune who was sentenced to five months in prison in the college admissions bribery scheme asked a judge Wednesday to allow her to serve her punishment at home because of the coronavirus…