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Investors' growing fears about virus outbreak sends Dow Jones Industrial Average down about 1,200 points

The Associated Press  |  Posted Feb 27th - 2:01pm

Investors' growing fears about virus outbreak sends Dow Jones Industrial Average down about 1,200 points.

Prosecutor: Arkema jeopardized public safety during Harvey

Juan A. Lozano, Associated Press  |  Posted Feb 27th - 1:06pm

A company that owns a suburban Houston chemical plant jeopardized public safety when it failed to remove dangerous chemicals ahead of Hurricane Harvey in 2017, resulting in a blaze that sent toxic smoke into the air and injured first responders, prosecutors told jurors on Thursday.

Grief grips Peruvian community one month after deadly fire

Franklin BriceÑo, Associated Press  |  Posted Feb 27th - 12:57pm

One month after a gas tanker leak triggered fires and explosions that killed 30 people in the Peruvian capital, traumatized survivors and relatives of victims are still waiting to know who was responsible.

States ramp up virus preparations, try to reassure public

David A. Lieb, Associated Press  |  Posted Feb 27th - 12:54pm

including the three most populated, California, Texas, and Florida — planned to hold news conferences Thursday to address concerns about the coronavirus. State officials are walking a fine line between between not stirring unnecessary anxieties while still keeping the public informed.

A rebel yell: Billy Idol stars in New York anti-idling ads

The Associated Press  |  Posted Feb 27th - 12:41pm

Rocker Billy Idol is the face of an anti-idling campaign launched Thursday in New York City.

Review: Epstein's dealings at Wexner Foundation minimal

Julie Carr Smyth, Associated Press  |  Posted Feb 27th - 11:59am

Jeffrey Epstein played “no meaningful role” in the budget, finances or accounting practices of L Brands founder Les Wexner's charitable foundation and wasn't involved at all with its fellowship and leadership programs, an outside review released this week has concluded.

Update on the latest business

The Associated Press  |  Posted Feb 27th - 11:42am

Stocks took an early nosedive on Wall Street Thursday before recovering much of the ground they lost as investors struggle to anticipate how wide the economic damage from the coronavirus outbreak will be.

2 top Chicago Tribune editors leaving as part of shakeup

The Associated Press  |  Posted Feb 27th - 11:34am

A managing editor and the publisher and editor-in-chief are leaving the Chicago Tribune, joining a growing number of journalists who have departed since a hedge fund with a reputation for dramatically cutting costs and eliminating jobs became Tribune Publishing's largest shareholder.

Investors shy away from risk as coronavirus rattles markets

Alex Veiga, Associated Press  |  Posted Feb 27th - 11:33am

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.

Killings at brewery do little to change Wisconsin politics

Scott Bauer, Associated Press  |  Posted Feb 27th - 10:47am

Wisconsin’s latest mass shooting, which left six people dead at one of the world’s largest breweries, appears to have done little in the politically polarized state to budge Republicans who expanded access to guns over the past decade.

US mortgage rates decline; 30-year loan at 3.45%

The Associated Press  |  Posted Feb 27th - 10:44am

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.

Delivery giant DoorDash takes step toward public offering

Alexandra Olson, Associated Press  |  Posted Feb 27th - 10:28am

Food delivery giant DoorDash has taken a first formal step toward a stock market debut.

David Ortiz selling baseball mementos, household items

The Associated Press  |  Posted Feb 27th - 9:59am

Former Boston Red Sox designated hitter David Ortiz is cleaning house, and you might be surprised by what he's selling.

Dow down 616 points, 10% below record high they set two weeks ago

The Associated Press  |  Posted Feb 27th - 9:35am

Stocks open sharply lower on Wall Street, bringing Dow Jones industrials 10% below record high they set two weeks ago.

Canceled travel, revenue losses: Virus hits businesses hard

The Associated Press  |  Posted Feb 27th - 9:22am

The spread of the new coronavirus around the world is hitting companies hard as they suspend production, meetings, events and business travel. Here's a look at the latest developments:

Kia recalls over 193K vehicles; fuel leaks can cause fires

Tom Krisher, Associated Press  |  Posted Feb 27th - 9:05am

Kia is recalling more than 193,000 cars and minvans in yet another move to fix nagging problems that could cause engine fires.

Chloe sparkles as giant Paris fashion exhibit space opens

Thomas Adamson, Associated Press  |  Posted Feb 27th - 8:32am

Chloe teemed with sparkling detailing at Paris Fashion Week Thursday.

US pending home sales climbed 5.2% in January

Josh Boak, Associated Press  |  Posted Feb 27th - 8:01am

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.

Stocks go on a wild ride as virus threatens economic damage

Damian J. Troise and Stan Choe, Associated Press  |  Posted Feb 27th - 7:43am

Stocks went on a wild ride Thursday as investors struggle to gauge the potential impact of the coronavirus outbreak on the global economy.