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…
Philippines isolates Manila to fight coronavirus outbreak
MANILA, Philippines (AP) — Thousands of police officers and army troops started sealing the Philippines' densely populated capital on Sunday at the start of one of Southeast Asia’s most drastic containment moves ag…
Virus-era voting: France holds local elections despite fears
PARIS (AP) — French voters queued up Sunday in polling stations across the nation to choose all their mayors and other local leaders. But others decided not to go amid concerns over how public gatherings spread the…
Oil giant Saudi Aramco sees 2019 profits drop 20% to $88.2B
DUBAI, United Arab Emirates (AP) — Oil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy …
Saudi Aramco, kingdom's state-run oil giant, says net income dropped by $22.9 billion to $88.2 billion in 2019
DUBAI, United Arab Emirates (AP) — Saudi Aramco, kingdom's state-run oil giant, says net income dropped by $22.9 billion to $88.2 billion in 2019.
As virus roils markets, Trump again threatens Fed chairman
WASHINGTON (AP) — President Donald Trump said Saturday he had the power to fire or demote Federal Reserve Chairman Jerome Powell, adding new fuel to his long-running animus toward the central bank’s leader at a mom…
Asian shares plunge after Wall Street's worst day since '87
BANGKOK (AP) — Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987.
Lobster prices tumble; future is cloudy as exports shut down
ROCKPORT, Maine (AP) — Lobster prices are tumbling, and shippers fear the worst could be yet to come as the seafood industry deals with a worldwide slowdown in imports because of the coronavirus.
U.S. internet well-equipped to handle work from home surge
BOSTON (AP) — The U.S. internet won’t get overloaded by spikes in traffic from the millions of Americans now working from home to discourage the spread of the new coronavirus, experts say. But connections could stu…
Employers navigate virus pandemic without firm guidelines
NEW YORK (AP) — It started with extra hand sanitizer and wipes for keyboards and headphones. Then came the directive for employees to lug their laptops home every night just in case. Finally, the memo arrived urgin…
Pipeline owner agrees to pay $60M over 2015 California spill
SANTA BARBARA, Calif. (AP) — The owner of an oil pipeline that spewed thousands of barrels of crude oil onto Southern California beaches in 2015 will pay $60 million to to settle allegations that it violated safety…
Business fallout: Apple goes online, Delta slashes flights
Apple said its annual developers conference would take place entirely online this year, joining a growing list of companies that are canceling big, in-person events
Stocks surge, recouping much of a historic plunge, as Trump announces new measures to fight virus; Dow up 1,900 points
NEW YORK (AP) — Stocks surge, recouping much of a historic plunge, as Trump announces new measures to fight virus; Dow up 1,900 points.
Stocks roar back on hopes for government's virus plan
NEW YORK (AP) — Wall Street roared back from its worst day in 30 years Friday with a broad rally that sent the Dow Jones Industrial Average nearly 2,000 points higher — its biggest point gain ever — after President…
Trump says top cruise ship companies stopping trips from US
WASHINGTON (AP) — President Donald Trump tweeted on Friday that four major cruise ship companies have agreed to suspend trips from the U.S. for 30 days, effective at midnight.
How major US stock indexes fared Friday
Major indexes staged a late rally on Wall Street Friday after President Donald Trump announced new measures to fight the coronavirus.