Business Stories from May 7, 2020 (Change date)
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Google affiliate scraps plan for Toronto smart city projectMay 07, 2020 7:00 am - 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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US productivity drops sharp 2.5% in Q1 as labor costs riseMay 07, 2020 7:00 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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Regulators waive $200M fine on PG&E for causing deadly firesMay 07, 2020 7:00 am - BERKELEY, Calif. (AP) - California regulators on Thursday suspended a $200 million fine against Pacific Gas & Electric as punishment for the utility's neglect of electri...
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Neiman Marcus becomes 2nd major retailer to seek Chapter 11May 07, 2020 7:00 am - NEW YORK (AP) - Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus...
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Peloton, PayPal rise; Elanco, Danaher fallMay 07, 2020 7:00 am - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Thursday: Peloton Interactive Inc., up $6.09 to $44.12. The exercise bike and treadmill company rep...
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US consumer borrowing fell for first time since 2011May 07, 2020 7:00 am - 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...
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Indiana meatpacking plant reopens after virus outbreakMay 07, 2020 7:00 am - INDIANAPOLIS (AP) - Workers began returning Thursday to a northern Indiana meatpacking plant that was closed for nearly two weeks by a coronavirus outbreak among employe...
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UK economy forecast to shrink by most since 1706May 07, 2020 7:00 am - LONDON (AP) - The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction since the Spanish War of Succession a little over ...
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Grains higher, livestock mixedMay 07, 2020 7:00 am - 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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Grains higher, livestock mixedMay 07, 2020 7:00 am - 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 ...