Business Stories from May 7, 2020 (Change date)
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Google affiliate scraps plan for Toronto smart city projectMay 07, 2020 3:31 pm - TORONTO (AP) - Google abandoned its smart-city development in Toronto on Thursday after more than two years of controversy over privacy concerns and amid economic uncert...
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Uber loses $2.9 billion, offloads bike and scooter businessMay 07, 2020 7:00 pm - NEW YORK (AP) - Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its grow...
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US productivity drops sharp 2.5% in Q1 as labor costs riseMay 11, 2020 8:12 am - WASHINGTON (AP) - U.S. productivity fell a sharp 2.5% in the first three months of this year, the biggest decline since 2015, with labor costs jumping 4.8%. The Labor De...
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Nintendo marks profit jump as people stay home amid pandemicMay 07, 2020 4:00 am - TOKYO (AP) - Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games. Kyoto-based Nintendo, which did n...
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Hit by pandemic and oil slide, Norway cuts key interest rateMay 07, 2020 4:30 am - COPENHAGEN, Denmark (AP) - Norway's central bank has cut its key policy rate by a quarter percentage point to 0% as the economy is slammed by the combination of the coro...
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Ship tied to Australia virus deaths sails into Manila BayMay 07, 2020 12:30 am - CAVITE, Philippines (AP) - A cruise ship being investigated in Australia for sparking coronavirus infections anchored in Manila Bay on Thursday to bring Filipino crew me...
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Grains higher, livestock mixedMay 07, 2020 3:01 pm - Wheat for May was up 4.25 cent at 5.29 a bushel; May. corn rose 4.25 cents at 3.16 a bushel, May oats gained 5 cents at $3.1525 a bushel; while May soybeans advanced 11 ...
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Turkey charges pilots, others, over ex-Nissan chief's escapeMay 07, 2020 11:00 am - ANKARA, Turkey (AP) - Turkish prosecutors have charged four pilots, an airline company official and two flight attendants for their alleged roles in former Nissan chairm...
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Grains higher, livestock mixedMay 07, 2020 3:01 pm - Wheat for May was up 4.25 cent at 5.29 a bushel; May. corn rose 4.25 cents at 3.16 a bushel, May oats gained 5 cents at $3.1525 a bushel; while May soybeans advanced 11 ...
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US consumer borrowing fell for first time since 2011May 07, 2020 3:31 pm - WASHINGTON (AP) - U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amou...