Business
Looking for recent business news? Here you'll find all of the breaking and daily business news articles.
‘Most big repairs start out as small repairs’
MOSES LAKE — When Uziel Ortega launched Steadfast Home Services earlier this year, he wasn't sure whether the phon…
To pay or not to pay: Lebanon weighs Eurobond debt
BEIRUT (AP) — Lebanon's finance minister said Thursday the country's new government is weighing whether to pay or default on its $1.2 billion Eurobond debt, which matures next month, amid an economic crisis that ha…
Stocks open lower on Wall Street as virus cases spike
NEW YORK (AP) — U.S. stocks fell in early trading Thursday as China reported a spike in cases of the new virus that threatens to crimp economic growth and hurt businesses worldwide.
Ralph Lauren: 4Q sales hit of up to $70M from coronavirus
NEW YORK (AP) — Ralph Lauren is warning that the viral outbreak that originated in China will cut into fourth-quarter sales by an estimated $55 million to $70 million.
Spanish court keeps former Mexican oil chief in detention
MADRID, Spain (AP) — A Spanish court ruled Thursday that a former head of Mexico's state oil company must remain in custody while an extradition case is heard against him.
Tesla offers $2B in additional shares, stock dips slightly
DETROIT (AP) — Shares of Tesla Inc. fell just over 1 % in early trading Thursday after the electric vehicle and solar panel maker announced it would sell more than $2 billion worth of additional shares.
NASCAR signs Verizon to upgrade wireless to 5G at 12 tracks
DAYTONA BEACH, Fla. (AP) — NASCAR announced a deal with Verizon on Thursday intended to give fans at its 12 racetracks better access for their phones and solve a long-simmering headache over dead zones at the spraw…
Part of the ceiling collapses at Atlanta airport restaurant
ATLANTA (AP) — Part of a restaurant ceiling collapsed inside Atlanta's airport Thursday, leaving a large chunk of it draped over countertops in the dining area. One person was taken to a hospital, and a second pers…
Explosions rock chemical plant; evacuation but no injuries
NEWBURYPORT, Mass. (AP) — Several explosions rocked a plant in Massachusetts that manufactures chemicals used in medicines Thursday morning, blowing a hole in the roof and leading to an evacuation but no injuries, …
Global shares fall as virus cases spike in China
LONDON (AP) — Global shares mostly fell Thursday after China reported a spike in COVID-19 cases. The shock resignation of Britain's Treasury chief further knocked U.K. share prices.
Virus outbreak blamed for forecast fall in oil demand
FRANKFURT, Germany (AP) — The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly d…
EU health ministers boost preparations to fight new virus
BRUSSELS (AP) — European Union health ministers agreed Thursday to boost preparations and organize a coordinated response to prevent the virus that emerged in China from further spreading across Europe.
US consumer prices up 0.1% in January; gasoline prices fall
WASHINGTON (AP) — U.S. consumer prices rose modestly last month, weighed down by falling gasoline prices.
US consumer prices edge up just 0.1% in January, weighed down by falling gasoline prices
WASHINGTON (AP) — US consumer prices edge up just 0.1% in January, weighed down by falling gasoline prices.
Twitter, Facebook fined for not moving user data to Russia
MOSCOW (AP) — A court in Moscow fined Twitter and Facebook 4 million rubles each Thursday for refusing to store the personal data of Russian citizens on servers in Russia, the largest penalties imposed on Western t…
EU monitoring economic impact of virus outbreak
FRANKFURT, Germany (AP) — The European Union warned Thursday that the spread of the viral outbreak in China is a risk for the economy but that its full impact will depend on how long it lasts and how far it spreads…