Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
More homes on the market in the Basin
MOSES LAKE — People hoping to buy a home in July had a better selection available to them than a year ago, accordi…
Price-gouging allegation leaves 750,000 face masks in limbo
HOUSTON (AP) — The state of Texas sued a Houston auctioneer on Thursday after halting an auction of 750,000 medical-grade and N95 face masks, alleging price gouging in the sale of the masks commonly used by health …
India's central bank cuts benchmark rate to decade-low 4.4%
NEW DELHI (AP) — India’s central bank on Friday cut its key interest rate by a sizable 75 basis points to 4.4% from 5.15% to ease financing troubles caused by the coronavirus outbreak and help revive the economy.
EU leaders order up recovery plan for after coronavirus
BRUSSELS (AP) — European Union national leaders told the bloc’s finance ministers Thursday to draw up new measures to tackle the devastating economic impact of the coronavirus pandemic after failing to bridge major…
PG&E to use wildfire victims fund to pay for past crimes
BERKELEY, Calif. (AP) — Pacific Gas & Electric is warning its elaborate plan for getting out of bankruptcy might collapse if the utility can’t pay for its crimes in a deadly Northern California wildfire by taking m…
National bills coming due, with risk; consumers see it, too
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.
Stocks are closing 3% lower on Wall Street but still held on to weekly gains after a rally this week as aid bill passed
NEW YORK (AP) — Stocks are closing 3% lower on Wall Street but still held on to weekly gains after a rally this week as aid bill passed.
IMF head says global economy now in recession
WASHINGTON (AP) — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.
Cruise stocks sink after missing out on economic-relief bill
Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance as part of the major
Ethanol plants seek rule changes to resupply hand sanitizer
DES MOINES, Iowa (AP) — As hospitals and nursing homes desperately search for hand sanitizer amid the coronavirus outbreak, federal regulators are preventing ethanol producers from providing millions of gallons of …
Consumer spending edges up slight 0.2% in February but declines expected as virus spreads
WASHINGTON (AP) — Consumer spending edges up slight 0.2% in February but declines expected as virus spreads.
Handling mail amid coronavirus: Low risk but wash your hands
Kathy Payne has a routine: She wipes down the trays holding the mail she’s about to deliver. She puts on gloves to sort the letters and packages, then a new pair when she climbs into her vehicle.
Q&A: How can the huge congressional aid package help you?
WASHINGTON (AP) — Congress is poised to approve an unprecedented $2.2 trillion economic rescue package that will provide one-time checks for most Americans and significant enhancements to unemployment benefits. Bot…
World leaders vow to coordinate virus response in video call
DUBAI, United Arab Emirates (AP) — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus — and not w…
Restaurants, trying to stay afloat, revamp menus, operations
CINCINNATI (AP) — In the battle to keep their New York City restaurant going despite sharp restrictions during the coronavirus outbreak, the owners of Il Posto Accanto tried something Beatrice Tosti di Valminuta wo…
Deja vu: LA County sheriff closes gun shops again
LOS ANGELES (AP) — For the second time this week, Los Angeles County Sheriff Alex Villanueva has ordered gun shops to close, a move that challenges the county legal counsel's finding that the stores are essential b…