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…
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%.
Had enough? Californians turn down higher taxes, debt
LOS ANGELES (AP) — Everyone knows that living in California comes with a price: Its residents pay some of the nation’s highest taxes on the money they earn, the gas they pump and the clothes they wear. But for the …
UK interest rates cut, funds freed up to ease virus impact
LONDON (AP) — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England sl…
Saudi, UAE economies rocked by plunging oil prices and virus
DUBAI, United Arab Emirates (AP) — It's been a turbulent week for Saudi Arabia and the United Arab Emirates, and it's only Wednesday. Already pained by years of economic slowdown and unpopular austerity measures, G…
US consumer prices rose slightly in February on higher food costs
WASHINGTON (AP) — US consumer prices rose slightly in February on higher food costs.
US consumer prices grew 0.1% in February as food costs rose
WASHINGTON (AP) — U.S. consumer prices increased slightly last month, driven higher by more expensive food.
World markets subdued amid virus worries, hope for help
TOKYO (AP) — European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak.
Cathay Pacific says it faces 'substantial loss' due to virus
HONG KONG (AP) — Cathay Pacific Airways, one of Hong Kong's most prominent businesses, warned Wednesday it faces a “substantial loss” in the first half of this year due to the coronavirus outbreak after last year’s…
Saudi Aramco to boost capacity; Abu Dhabi to increase supply
DUBAI, United Arab Emirates (AP) — Saudi Arabia steamed ahead on Wednesday with its new energy play by directing the kingdom's oil company Aramco on Wednesday to increase its maximum production capacity, while Abu …
PepsiCo buying energy drink maker Rockstar for $3.85B
NEW YORK (AP) — PepsiCo is buying the energy drink maker Rockstar Energy Beverages for $3.85 billion.
PepsiCo will buy the energy drink maker Rockstar Beverages for $3.85 billion
NEW YORK (AP) — PepsiCo will buy the energy drink maker Rockstar Beverages for $3.85 billion.
Trial starts of captain charged in deadly Danube boat crash
BUDAPEST, Hungary (AP) — A trial began Wednesday in Hungary in the case of a river cruise ship captain charged in the deaths of 27 people in a May 2019 collision on the Danube River.
Edmunds recommends 5 extra-small crossover SUVs
Extra-small crossover SUVs make up the fastest-growing class in the automotive industry over the past five years, according to Edmunds data. The segment surpassed the 1 million mark in number of vehicles sold for t…
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…
Global shares mixed as worries counter hope for fiscal steps
TOKYO (AP) — European markets opened higher Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak.