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…
Saudi Arabia increases oil output to record high
DUBAI, United Arab Emirates (AP) — Saudi Arabia’s state-run oil giant Saudi Aramco said Tuesday it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
Virus spread puts UK's stiff upper lip under growing strain
LONDON (AP) — Faced with the spread of COVID-19, the U.K. is advising its citizens to keep calm and carry on.
New Wells Fargo CEO: Issues will not resolve until 2021
NEW YORK (AP) — The third chief executive of Wells Fargo in four years appeared in front of Congress on Tuesday, saying that there's much the bank needs to do to fix its cultural problems, and isn't expecting it to…
Virus-hit Italy gets more isolated as nations restrict entry
ROME (AP) — Italians faced travel restrictions at home and abroad Tuesday as other countries isolated Italy with flight bans and sweeping quarantine measures took effect nationwide in a desperate government bid to …
Airlines slash flights, freeze hiring as virus cuts travel
Airlines are slashing flights, freezing hiring and parking planes to cope with a stunning drop in bookings and a rise in cancellations caused by fear over the new virus outbreak.
3 infected at company that greets Florida cruise passengers
MIAMI (AP) — Three employees of a company that greets cruise ship passengers in Florida have tested positive for the new coronavirus, state health officials said Tuesday, urging anyone who recently traveled through…
Classes canceled at St. Paul schools as teachers strike
MINNEAPOLIS (AP) — Teachers in St. Paul went on strike Tuesday, cancelling classes indefinitely for the district's roughly 36,000 students, after overnight contract negotiations ended without an agreement on issues…
SEC urges Washington workers to stay home after virus scare
WASHINGTON (AP) — Securities and Exchange Commission employees have been encouraged to work remotely for the foreseeable future after a
Stocks open sharply higher on Wall Street following the market's worst day since the financial crisis; Dow surges 850
NEW YORK (AP) — Stocks open sharply higher on Wall Street following the market's worst day since the financial crisis; Dow surges 850.
Japan unveils $4 billion package to fight virus
TOKYO (AP) — A task force set up by Japan's Prime Minister Shinzo Abe on Tuesday approved a 430 billion yen ($4.1 billion) package that includes support for small to medium-size businesses hit by the coronavirus ou…
Rating agencies warn Lebanon over $1.2 billion loan default
BEIRUT (AP) — Credit ratings agency Moody's warned Tuesday that Lebanon's first-ever default on paying its sovereign debt will likely lead to significant losses for private creditors as well as serious implications…
Airbnb creates $1 million competition to build fantasy homes
Interested in building a fantasy home that looks like a boot? Or a UFO? Or some other unusual design? Airbnb is setting aside $1 million and enlisting the help of Billy Porter to make it a reality.
Global markets pick up after plunge on virus, oil
BEIJING (AP) — Global stock markets rebounded Tuesday from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading cor…
ILO says working conditions improve in Thai seafood sector
BANGKOK (AP) — A report issued Tuesday by the U.N.'s International Labor Organization credits Thailand with improving working conditions in the fishing and seafood processing industry, but says that serious abuses …
Millennial Money: How to handle, and head off, a tax bill
Tax season can be a windfall or a wipeout for your budget. Which camp you fall into likely depends on whether you get a refund — or a tax bill — from the IRS.