Coronavirus fear touches off a global run on face masks
Fear of the spreading coronavirus has led to a global run on sales of face masks despite medical experts' advice that most people who aren't sick don't need to wear them.
Stocks just 'corrected,' a regular but still scary event
NEW YORK (AP) — The stock market's current slide hit a big milestone Thursday after indexes got pounded for a sixth straight day.
Japan sends vice justice minister to Lebanon on Ghosn case
TOKYO (AP) — A Japanese vice minister for justice is heading to Lebanon for talks on the case of former Nissan Motor Co. executive Carlos Ghosn, who fled for his home country late last year while out on bail awaiting trial.
Regulators boost PG&E's wildfire fine to $2.1 billion
SAN FRANCISCO (AP) — California power regulators on Thursday slapped Pacific Gas & Electric with a $2.1 billion fine for igniting a series of deadly wildfires that landed the beleaguered utility in bankruptcy.
Investors shy away from risk as coronavirus rattles markets
LOS ANGELES (AP) — This week’s big sell-off on Wall Street suggests stocks have finally caught up to the bond market, where fear of an economic slowdown has been evident for months.
In scramble to stop virus, testing raises tough questions
NEW YORK (AP) — Health officials confronted tough questions and doubts Thursday about testing to intercept the fast-spreading virus, with scrutiny focused on a four-day delay in screening an infected California woman despite her doctors’ early calls to do so.
Beyond Meat narrows 4Q loss as plant-based meat sales jump
Beyond Meat narrowed its losses in the fourth quarter as sales of its plant-based meat soared. The El Segundo, California-based company, which went public last year, said it lost $452,000 in the fourth quarter, down from a loss of $7.5 million in the October-December period last year.
US economy grew at 2.1% rate in Q4 but virus threat looms
WASHINGTON (AP) — The U.S. economy grew at an annual rate of 2.1% in the final quarter of last year, but damage from the spreading coronavirus is likely depressing growth in the current quarter and for the rest of the year.
Markets down, Facebook cancels show: Virus hits businesses
The spread of the new coronavirus around the world is hitting companies hard as they suspend production, meetings, events and business travel.
Delivery giant DoorDash takes step toward public offering
NEW YORK (AP) — Food delivery giant DoorDash has taken a first formal step toward a stock market debut. The San Francisco-based company said Thursday that it had filed paperwork with the Securities Exchange Commission outlining its proposed public stock offering.
US mortgage rates decline; 30-year loan at 3.45%
WASHINGTON (AP) — U.S. long-term mortgage rates declined this week as growing concern over the economic impact of China's viral outbreak spurred a steep downturn in global stock markets.
UK court blocks Heathrow expansion over climate concerns
LONDON (AP) — Heathrow Airport's plans to increase capacity of Europe's biggest travel hub by over 50% were stalled Thursday when a British court said the government failed to consider its commitment to combat climate change when it approved the project.
US pending home sales climbed 5.2% in January
WASHINGTON (AP) — There was a 5.2% jump in Americans signing contracts to buy homes in January from the previous month as lower mortgage rates and a solid economy are pushing up demand for housing.
Dutch consortium unveils ambitious 'green' hydrogen plan
THE HAGUE, Netherlands (AP) — A Dutch consortium announced an ambitious plan Thursday to create “green” hydrogen using power from a huge offshore wind farm that has yet to be built.
US orders for durable goods slip 0.2% in January
WASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods dipped in January, pulled down by decreased demand for cars, auto parts and military aircraft.
World stocks slide on signs virus outbreak is spreading
Global stock markets fell Thursday on concerns that the coronavirus was spreading to more countries, putting further strain on businesses and supply chains across the world.
Venice faces new threat from virus after reeling from floods
VENICE, Italy (AP) — Still reeling from the effects of major flooding just a few months ago, Venice faces a new emergency: the threat of a new virus outbreak across Italy that is worrying international visitors worldwide and hitting the economy hard.
Officials: Chinese industry recovering, more aid coming
BEIJING (AP) — Small, mostly private companies that are the engine of China’s economy are back to operating at one-third of normal levels after anti-virus controls shut factories, shops and restaurants, regulators said Thursday, and they promised more low-cost loans and other aid.
Labor union unveils $150M campaign to help defeat Trump
WASHINGTON (AP) — One of the nation’s largest labor unions is unveiling plans to invest $150 million in a nationwide campaign to help defeat President Donald Trump, a sweeping effort focused on eight battleground states and voters of color who typically don’t vote.
Asian shares slump after Trump announcement on virus plans
Shares fell in Asia on Thursday after President Donald Trump announced the U.S. was stepping up its efforts to combat the virus outbreak that began in China.
Facebook bans ads with false claims about new virus
SAN FRANCISCO (AP) — Facebook said Wednesday that it is banning ads that make false claims about products tied to the new coronavirus.
Delta reduces flights to Korea as virus outbreak spreads
Delta Air Lines is reducing flights to South Korea while Hawaiian Airlines will suspend them entirely, as airlines deal with growing concern about the spread of the new virus beyond China.
Microsoft says virus hurting supply chain more than expected
The virus outbreak in China is hurting Microsoft more than expected, as the company said it won't meet targets that had already factored in the uncertainty.
Bloomberg's online campaign tests Facebook, Twitter rules
Mike Bloomberg’s stockpile of cash, swarm of employees and paid social media influencers are testing the abilities of online platforms -- and his Democratic challengers -- to keep up with an expensive internet campaign.
Satellite almost on empty gets new life after space docking
CAPE CANAVERAL, Fla. (AP) — A communication satellite almost out of fuel has gotten a new life after the first space docking of its kind.