Business Stories from April 30, 2020 (Change date)
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With European economy in record drop, central bank gives aidApr 30, 2020 7:00 am - FRANKFURT, Germany (AP) - The European Central Bank is stepping up its efforts to cushion the economy against a record downturn that the bank's president, Christine Laga...
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American Airlines posts $2.2 billion loss during pandemicApr 30, 2020 7:00 am - DALLAS (AP) - American Airlines reported a staggering loss of $2.24 billion for the first quarter, when the coronavirus pandemic triggered a sharp drop in air travel. Th...
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US mortgage rates at all-time lows; 30-year loan at 3.23%Apr 30, 2020 7:00 am - WASHINGTON (AP) - Long-term mortgage rates tumbled to all-time lows this week as the economy and housing market continued to reel from the business and social shutdown s...
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Commodities ripe for a reboundApr 30, 2020 7:00 am - LOS ANGELES (AP) - The near shutdown of the economy in response to COVID-19 has reduced demand for commodities like oil, lumber and copper and triggered sharp drops in t...
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Nokia profit up; sales dip with coronavirus supply issuesApr 30, 2020 7:00 am - HELSINKI (AP) - Finnish telecom equipment maker Nokia has reported improved first quarter profit but said the COVID-19 pandemic dented sales by around 200 million euros ...
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Comcast profit slides as pandemic hits movies, theme parksApr 30, 2020 7:00 am - Comcast's net income slid in the first three months of the year as the coronavirus pandemic forced it to shut down its theme parks and its movies were kept out of shutte...
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Fed expands Main Street Lending Program for businessesApr 30, 2020 7:00 am - WASHINGTON (AP) - The Federal Reserve announced Thursday that it was expanding a major lending program to provide support for businesses struggling to cope with the econ...
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Workers must risk infection or losing unemployment paymentsApr 30, 2020 7:00 am - ATLANTA (AP) - Some of the millions of American workers laid off because of the coronavirus are beginning to face a tough choice - return to work and risk infection, or ...
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30 million have sought US unemployment aid since virus hitApr 30, 2020 7:00 am - WASHINGTON (AP) - More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the ...
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Pandemic brings fortunes to Amazon - and headaches tooApr 30, 2020 7:00 am - Amazon has spent years honing the business of packing, shipping and delivering millions of products to doorsteps around the world. Now it has a captive audience. With mu...