Business Stories from May 6, 2020 (Change date)
-
TV broadcaster Sinclair fined $48 million over Tribune dealMay 06, 2020 7:00 am - The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller riv...
-
A 20-year Treasury bond; part of $2.99 trillion borrowingMay 06, 2020 7:00 am - WASHINGTON (AP) - The Treasury Department is detailing how it plans to borrow a record-breaking $2.99 trillion in debt this quarter which will include issuing for the fi...
-
NYT says it can 'ride out' virus as subscriber numbers boomMay 06, 2020 7:00 am - The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues. The newspape...
-
Andretti, Ganassi commit to new Extreme E Series for 2021May 06, 2020 7:00 am - Andretti Autosport and Chip Ganassi Racing are the first two American teams to commit to a new electric SUV off-road racing series scheduled to begin in 2021. The Extr...
-
BMW: Outbreak will slow auto industry 'for quite some time'May 06, 2020 7:00 am - FRANKFURT, Germany (AP) - Automaker BMW saw net profit fall slightly in the first quarter from a year earlier, when the company had a large one-time expense. The company...
-
Samsung's Lee apologizes over management, union bustingMay 06, 2020 7:00 am - SEOUL, South Korea (AP) - Samsung heir Lee Jae-yong on Wednesday expressed remorse but did not admit to wrongdoing over his alleged involvement in a 2016 corruption scan...
-
Grains lower, livestock higherMay 06, 2020 7:00 am - Wheat for May was off .75 cent at 5.2475 a bushel; May. corn fell 1.25 cents at 3.1175 a bushel, May oats lost 4.75 cents at $3.1025 a bushel; while May soybeans drpooed...
-
Grains lower, livestock higherMay 06, 2020 7:00 am - Wheat for May was off .75 cent at 5.2475 a bushel; May. corn fell 1.25 cents at 3.1175 a bushel, May oats lost 4.75 cents at $3.1025 a bushel; while May soybeans drpooed...
-
ADP: More than 20 million jobs vanished in AprilMay 06, 2020 7:00 am - BALTIMORE (AP) - U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak closed of offices, factories, schools, con...
-
Philippine TV network's shutdown amid pandemic sparks uproarMay 06, 2020 7:00 am - MANILA, Philippines (AP) - Alarm over a Philippine government agency's shutdown of the country's largest TV and radio network heightened Wednesday with a top official wa...