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…
Wall Street circuit breakers trip; markets, crude plunge
NEW YORK (AP) — U.S. companies buffeted by supply chain chaos and a growing awareness of the scope of a viral outbreak are facing new threats to begin the week. The price of U.S. crude fell as much as 34% to $27.34…
Wells Fargo chairwoman resigns ahead of scheduled testimony
NEW YORK (AP) — Wells Fargo Board Chairwoman Elizabeth Duke and director James Quigley are leaving the company.
Grief, controversy mark anniversary of Ethiopian plane crash
ADDIS ABABA, Ethiopia (AP) — The year since the crash of an Ethiopian Airlines Boeing 737 Max has been a journey through grief, anger and determination for Ruth Kageche, Zipporah Kuria and others whose loved ones w…
Oil plunges 25% as another virus-fueled trading week begins
NEW YORK (AP) — Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude.
Spotty sick leave policies limit options for avoiding virus
LONDON (AP) — A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer's shop to reopen. A waiter at a barbecue restaurant in Kansas …
What's Happening: Mounting disruptions, plunging markets
Mounting disruptions caused by the new coronavirus are prompting new travel restrictions and deepening economic worries. A majority of the world's cases of the disease are considered recovered, but the continued sp…
Twitter in deal with Silver Lake, Elliott; Dorsey still CEO
Twitter says it's reached an investment deal with Silver Lake and Elliott Management that will keep Jack Dorsey as the social media company's CEO.
Italy quarantines north in drastic bid to slow virus spread
ROME (AP) — Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus…
Florida theme parks keep eye on virus as spring break nears
ORLANDO, Fla. (AP) — As Florida's busy spring break season kicked off this month,
Stocks, oil plunge over global fight for crude production
BEIJING (AP) — Global stock markets and oil prices plunged Monday after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.
US warns 7 companies over fraudulent coronavirus claims
U.S. regulators warned seven companies to stop selling soaps, sprays and other concoctions with false claims that they can treat the new coronavirus or keep people from catching it.
Dow drops 7.8%, worst fall since 2008, as free-fall in oil price and worsening fears of fallout from virus seize markets
NEW YORK (AP) — Dow drops 7.8%, worst fall since 2008, as free-fall in oil price and worsening fears of fallout from virus seize markets.
Asian stock market plunge after fall in oil prices; Tokyo falls 6.2%, Hong Kong off 3.9%, Sydney down 6.1%
BEIJING (AP) — Asian stock market plunge after fall in oil prices; Tokyo falls 6.2%, Hong Kong off 3.9%, Sydney down 6.1%.
Thailand's CP Group buying Tesco's Thai, Malaysian stores
BANGKOK (AP) — British supermarket chain Tesco has agreed to a $10.6 billion deal to sell all its stores in Thailand and Malaysia to companies belonging to the CP Group, Thailand's biggest conglomerate.
How major US stock indexes fared Monday
The Dow Jones Industrial Average sank 7.8% Monday, its steepest drop since the financial crisis of 2008, as a free-fall in oil prices and worsening fears of fallout from the spreading coronavirus outbreak seize mar…