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Update on the latest in business:

The Associated Press  |  Posted Feb 28th - 1:23am

Asian stock markets plunged further today on spreading virus fears, deepening a global rout after Wall Street endured its biggest one-day drop in nine years.

Coronavirus fear touches off a global run on face masks

Dee-ann Durbin, Anne D'Innocenzio and Joseph Pisani, Associated Press  |  Posted Feb 27th - 10:20pm

50%, by its own estimate — and some of the factories are in or near the hard-hit city of Wuhan and have been shut down for weeks because of the crisis, they said. It's unclear, however, just how big an impact that is having overall, as other regions and countries ramp up production to meet soaring demand.

Stocks just 'corrected,' a regular but still scary event

Stan Choe, Associated Press  |  Posted Feb 27th - 10:15pm

The stock market's current slide hit a big milestone Thursday after indexes got pounded for a sixth straight day.

Alaska officials react strongly to JPMorgan oil pullback

The Associated Press  |  Posted Feb 27th - 9:40pm

Alaska state officials reacted with alarm this week after a second large U.S. bank said it would not support future oil and gas projects in the Arctic.

Japan sends vice justice minister to Lebanon on Ghosn case

The Associated Press  |  Posted Feb 27th - 9:03pm

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.

Cultural preservation among options in oil and gas plan

Susan Montoya Bryan, Associated Press  |  Posted Feb 27th - 8:59pm

The preservation and protection of Native American cultural sites would be a priority of U.S. land managers under one of the options up for consideration as they work to amend an outdated guide for management of oil and gas drilling across a sprawling area of northwestern New Mexico.

Judge vacates directive over energy lease public comments

The Associated Press  |  Posted Feb 27th - 7:37pm

A judge in Idaho has overturned a federal directive to curtail environmental review and eliminate mandatory public comment periods concerning oil and gas leasing on some public lands.

Grandfather, Navy vet among 5 victims of Wisconsin shooting

Amy Forliti, Associated Press  |  Posted Feb 27th - 5:37pm

including ice fishing — as well as photos of sailing and riding an all-terrain vehicle.

Securities agents sue 2 SC utility execs over nuclear fraud

Jeffrey Collins, Associated Press  |  Posted Feb 27th - 5:22pm

Two former executives at a South Carolina utility lied repeatedly to regulators and investors about the progress of construction of two nuclear reactors taking more than a billion dollars out of the pockets of investors and ratepayers, federal securities officials said.

NBC renews 'Law & Order: SVU,' 'Chicago' dramas for 3 years

The Associated Press  |  Posted Feb 27th - 5:12pm

NBC is giving three-year renewals to its drama series from veteran producer Dick Wolf, including the perennial “Law & Order: Special Victims Unit.”

US considers more water recycling _ including from oilfields

Ellen Knickmeyer, Associated Press  |  Posted Feb 27th - 4:55pm

The Trump administration moved Thursday on a water-recycling push it says could get good use out of more of the wastewater that industries, cities and farms spew out, including the billions of barrels of watery waste generated by oil and gas fields each year.

Lawmakers push for Curt Flood's enshrinement in Hall of Fame

Ben Nuckols, Associated Press  |  Posted Feb 27th - 4:52pm

Curt Flood's widow has a simple explanation for why her late husband, who is revered by players for sacrificing his career to advocate for free agency, has not been enshrined in baseball's Hall of Fame.

Regulators boost PG&E's wildfire fine to $2.1 billion

Michael Liedtke, Associated Press  |  Posted Feb 27th - 4:43pm

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.

Judge resigns amid use of racial slur in text messages

The Associated Press  |  Posted Feb 27th - 3:44pm

A Louisiana judge resigned Thursday after several people, including Gov. John Bel Edwards, called for her to step down for using racial slurs in angry text messages.

A year after House vote, Dems challenge McConnell on guns

Matthew Daly, Associated Press  |  Posted Feb 27th - 3:44pm

Frustrated Democrats again lambasted Senate Republican leader Mitch McConnell Thursday as they marked a year of Senate inaction since the House passed landmark gun control legislation.

Proposal would end California cap on freelancer assignments

Cuneyt Dil, Associated Press  |  Posted Feb 27th - 3:42pm

Bowing to intense criticism, the author of a sweeping new California labor law now wants to amend the statute to eliminate any cap on the number of assignments freelance journalists can take.

Bill to help small telecoms excise Huawei goes to Trump

Tali Arbel, Associated Press  |  Posted Feb 27th - 3:28pm

The Senate has passed a bill to provide $1 billion for small telecom providers to replace equipment made by China's Huawei and ZTE, sending the measure to President Donald Trump.

Owner of shuttered dairy pleads guilty in $60M fraud

The Associated Press  |  Posted Feb 27th - 3:26pm

The owner of an award-winning organic dairy in Pennsylvania that abruptly closed its doors last fall pleaded guilty Thursday to running a Ponzi scheme that bilked investors of nearly $60 million.

In scramble to stop virus, testing raises tough questions

Mike Stobbe and Adam Geller, Associated Press  |  Posted Feb 27th - 3:21pm

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.