Business

The Latest: US advises Americans to reconsider travel abroad

  • Mar 13, 2020

The Latest on the coronavirus pandemic: ___ The U.S. Department of State advises U.S. citizens to reconsider travel abroad due to the global impact of COVID-19. The extraordinary global health advisory late Wednesday followed President Donald Trump’s announcement of European travel rest

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WHO declares coronavirus a pandemic, urges aggressive action

  • Mar 13, 2020

GENEVA  — The World Health Organization declared the coronavirus a pandemic and urged aggressive action from all countries to fight it, as U.S. stocks plunged into bear market territory and several American cities joined global counterparts in banning large gatherings. By using the 

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Trump ban on travel from Europe escalates pain for airlines

  • Mar 13, 2020

President Donald Trump’s decision Wednesday to impose a 30-day ban on most Europeans entering the United States is the latest stunning setback for an airline industry that is reeling from a drop in bookings and a surge in people who are canceling reservations for fear of contracting the coronavirus. Th

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Asian shares sink after Dow hits bear level on pandemic news

  • Mar 13, 2020

TOKYO  — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan’s benchmark Nikkei 225 dived 4.4% to 18,559.63. Australia’s S&P/ASX 200 dropped 7.4% to 5,304.60. South Korea’s Kospi dipped 4.7%

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A look at what happens when stocks enter a bear market

  • Mar 13, 2020

Wall Street’s staggering skid that began less than three weeks ago has pulled the Dow Jones Industrial Average into what’s known as a bear market. After a string of sharp losses, the Dow has now fallen more than 20% from its last peak on Feb. 12. The S&P 500, the index most investors

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Virus locks down Italy amid global push to contain outbreak

  • Mar 12, 2020

ROME  — The boisterous hum of Rome dwindled to a whisper and police patrols kept people apart in cafes as Italy enforced an extraordinary, sweeping lockdown in hopes of not becoming the next epicenter of the spreading coronavirus epidemic now that life in China is edging back to normal. Infections

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Asian shares mostly lower despite hopes for US economic aid

  • Mar 12, 2020

TOKYO  — Stocks were mostly lower in Asia on Wednesday despite gains on Wall Street on hopes the Trump administration will act to cushion the economic pain of the virus outbreak. Japan’s benchmark Nikkei 225 lost 1.4% in morning trading to 19,581.83. Australia’s S&P/ASX 200 plunged

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The Latest: After delay, 361 Taiwanese fly back from Wuhan

  • Mar 12, 2020

The Latest on the coronavirus outbreak sweeping the globe: ___ Planes carrying 361 Taiwanese who had been stranded in China’s virus epicenter have returned them to the island. The two charter flights landed late Tuesday and early Wednesday after weeks of negotiations between Beijing and

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Officials tell fliers with infected woman to self-isolate

  • Mar 12, 2020

HOUSTON  — A suburban Houston woman has tested positive for the new coronavirus after flying home from Italy, prompting health officials on Tuesday to tell everyone who shared the business/first class sections on the two flights with her to self-isolate and call their doctors. The woman, who is in

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