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…
Dow Jones industrials drop 1,600 points, 6.4%, as investors await broader response to economic damage from coronavirus
NEW YORK (AP) — Dow Jones industrials drop 1,600 points, 6.4%, as investors await broader response to economic damage from coronavirus.
Province at China virus's center lets some companies reopen
BEIJING (AP) — The province at the center of China’s virus outbreak began allowing factories and some other businesses to reopen Wednesday in a show of confidence that Beijing is gaining control over the disease th…
Senate passes rebuke of DeVos over student loan forgiveness
The Senate on Wednesday gave final congressional approval to a measure that would overturn rules issued by Education Secretary Betsy DeVos in 2019 that made it harder for students to get loans erased after being mi…
Stocks are opening sharply lower on Wall Street as virus fears grip markets again; Dow industrials sink 750, or 3%
NEW YORK (AP) — Stocks are opening sharply lower on Wall Street as virus fears grip markets again; Dow industrials sink 750, or 3%.
Sporting goods chain Modell's to close its remaining stores
NEW YORK (AP) — Modell's Sporting Goods, the century-old family-owned sporting goods chain, has filed for Chapter 11 bankruptcy and will be closing its remaining 115 stores.
Australia unveils $11.4 billion in virus outbreak stimulus
PERTH, Australia (AP) — Australia on Thursday put forward a $17.6 billion (US $11.4 billion) stimulus package meant to stave off a recession due to the impact of the virus outbreak on its economy.
Canadian firm starts US prep work for Keystone XL pipeline
BILLINGS, Mont. (AP) — A Canadian company said Wednesday it has started preliminary work along the route of the proposed Keystone XL oil sands pipeline through the U.S. in anticipation of starting construction next…
Mother sues hospital over drug test that led to abuse probe
A mother sued a Pittsburgh hospital Wednesday, saying it collected and tested her urine for drugs without her consent while she was in labor and reported a false positive result to protective services that resulted…
Treasury Secretary Mnuchin says the administration is working on plans to delay the April 15 tax filing deadline
WASHINGTON (AP) — Treasury Secretary Mnuchin says the administration is working on plans to delay the April 15 tax filing deadline.
Gilead, Cloudera rise; Halliburton, Hanesbrands fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Spain eyes trade, defense talks ahead of US state visit
MADRID (AP) — Spain won't use its defense cooperation with the United States as leverage in its push against tariffs on European products, the Spanish foreign minister said on Wednesday ahead of a visit to Washingt…
Market swings and a wave of cancellations as virus spreads
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the outbreak is now classified as a pandemic and it's doing widespread damage to critical economic sectors of the global eco…
Asian shares sink after Dow hits bear level on pandemic news
TOKYO (AP) — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street.
Cluster of coronavirus cases is tied to US biotech meeting
BOSTON (AP) — A biotech meeting at a hotel in downtown Boston appears to be the source of a cluster of the coronavirus in the U.S. — and a warning for employers who are still holding big gatherings as the outbreak …
Corporate debt loads a rising risk as virus hits economy
WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money,…