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…
Libya says oil shutdown losses exceed $3.5 billion
CAIRO (AP) — Libya's oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when the war-torn country i struggling to preve…
Los Angeles County backtracks on teen's possible virus death
LOS ANGELES (AP) — Los Angeles County health officials backtracked Tuesday on their announcement that a child died from coronavirus, saying it’s possible the death was caused by something else.
Business fallout: Companies in China see delays in reopening
The spread of the coronavirus that emerged in China in December has dealt an unprecedented shock to the global economy. Here is a look at developments Wednesday:
Fed to suspend some bank supervision during viral outbreak
WASHINGTON (AP) — The Federal Reserve said it will
Group accused of impersonating Walmart execs, scamming $900K
CHARLOTTE, N.C. (AP) — A group of North Carolina counterfeiters has been accused of impersonating Walmart corporate executives and scamming multiple stores in several states out of about $900,000, court documents s…
NASCAR orders pay cuts for employees of the racing series
CHARLOTTE, N.C. (AP) — NASCAR informed its staff Tuesday that pay cuts will be imposed across the company until the series returns to racing.
South Dakota governor signs 'riot-boosting' penalties
PIERRE, S.D. (AP) — South Dakota Gov. Kristi Noem signed a bill that revives the state's criminal and civil penalties for rioting and inciting a riot, the Republican governor's office said Tuesday.
How major US stock indexes fared Tuesday
Stocks surged on Wall Street Tuesday, sending the Dow Jones industrials to their best day since 1933 as Congress and the White House neared a deal to inject nearly $2 trillion of aid into an economy ravaged by the …
Chevron, IHS Markit rise; Invesco Mortgage, Milestone fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Tuesday:
Dow surges 2,000 points, its biggest-ever point gain, as Congress moves closer to passing coronavirus aid package
NEW YORK (AP) — Dow surges 2,000 points, its biggest-ever point gain, as Congress moves closer to passing coronavirus aid package.
Key medical glove factories cutting staff 50% amid virus
Malaysia's medical glove factories, which make most of the world's critical hand protection, are operating at half capacity just when they're most needed, The Associated Press has learned.
Canada's second largest airline cuts almost half its staff
TORONTO (AP) — Canada's second biggest airline, WestJet, said Tuesday almost half its employees are leaving the company amid the pandemic as it seeks to survive until things stabilize.
Dow jumps 10% as hopes build that Congress will pass virus relief package soon; on pace for biggest gain since 2008
NEW YORK (AP) — Dow jumps 10% as hopes build that Congress will pass virus relief package soon; on pace for biggest gain since 2008.
Business Fallout: US manufacturing pivot; drinking at home
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attemp…
With billions at stake, banks try to save stunned borrowers
NEW YORK (AP) — Tarred as villains during the 2008 financial meltdown, banks of all sizes are trying to help out Americans reeling from the economic crisis caused by the coronavirus outbreak.