Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
Port of Moses Lake issues bonds to buy property
MOSES LAKE — The Port of Moses Lake will issue about $19 million in bonds to buy land adjoining existing port prop…
Court approves PG&E's $23B bankruptcy financing package
BERKELEY, Calif. (AP) — Pacific Gas & Electric on Monday won court approval to raise $23 billion to help pay its bills over destructive California wildfires after Gov. Gavin Newsom dropped his opposition to a finan…
Fiat Chrysler, MGM Resorts fall; Kroger, Clorox rise
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Monday:
Iditarod loses another major sponsor
ANCHORAGE, Alaska (AP) — One of the Iditarod’s top sponsors is dropping financial support, the second major sponsor with Alaska ties to sever relationships with the sled dog race this month.
Senate Democrats seek $750B for new coronavirus aid package
WASHINGTON (AP) — Senate Democrats are proposing a new
Dow dives 13%, worst drop in three decades, as fears deepen that coronavirus will throw global economy into recession
NEW YORK (AP) — Dow dives 13%, worst drop in three decades, as fears deepen that coronavirus will throw global economy into recession.
Pakistan PM warns new virus may devastate developing nations
ISLAMABAD (AP) — Pakistan's prime minister said Monday he fears the new coronavirus will devastate the economies of developing nations, and warned richer economies to prepare to write off the debts of the world's p…
Chinese company abandons $1.8B Arkansas paper mill plan
LITTLE ROCK, Ark. (AP) — A Chinese company has abandoned its plan to build a massive paper mill in southwestern Arkansas that had already been delayed by trade tensions.
Trump pledges federal support for airlines struggling amid pandemic, says 'we're going to back the airlines 100%'
WASHINGTON (AP) — Trump pledges federal support for airlines struggling amid pandemic, says 'we're going to back the airlines 100%.'
Stock losses deepen past 10% as US government advises people to avoid large gatherings, Trump sees chance of recession
NEW YORK (AP) — Stock losses deepen past 10% as US government advises people to avoid large gatherings, Trump sees chance of recession.
Trump says US economy 'may be' heading toward recession amid pandemic, calls virus 'invisible enemy'
WASHINGTON (AP) — Trump says US economy 'may be' heading toward recession amid pandemic, calls virus 'invisible enemy.'
France to 'strongly reduce' movement to slow spread of virus
PARIS (AP) — France and the United Kingdom followed other European countries in deciding to limit people's movements outside home as the European Union considered closing its external borders to foreign travelers M…
The Latest: Major banks to face profit hit from low rates
The Latest on financial markets (all times local):
Senate Democrats seek $750B to fight coronavirus outbreak
WASHINGTON (AP) — Senate Democrats are proposing a new
Virus seizes markets and business as usual hits a wall
Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, …
Google sibling Verily launches COVID-19 screening website
SAN FRANCISCO (AP) — Google sister company Verily has launched a