Business Stories from May 7, 2020 (Change date)
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Hit by pandemic and oil slide, Norway cuts key interest rateMay 07, 2020 7:00 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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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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Governor softens order over jailed Texas hair salon ownerMay 07, 2020 7:00 am - AUSTIN, Texas (AP) - Republican Texas Gov. Greg Abbott on Thursday removed jail as a punishment for violating his coronavirus restrictions following outcry by conservati...
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Closing prices for crude oil, gold and other commoditiesMay 07, 2020 7:00 am - Benchmark U.S. crude oil fell 44 cents, or 1.8%, to settle at $23.55 a barrel Thursday. Brent crude oil, the international standard, fell 26 cents, or 0.9% to $29.46 a b...
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Air France-KLM report $1.9 billion in losses, outlook grimMay 07, 2020 7:00 am - PARIS (AP) - Air France-KLM lost 1.8 billion euros ($1.9 billion) in the first quarter, mostly just in a few weeks in March as travel restrictions grounded planes worldw...
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German industrial production down 9.2% in March on virusMay 07, 2020 7:00 am - BERLIN (AP) - Industrial production in Germany, Europe's biggest economy, dropped 9.2% in March compared with the previous month as shutdowns around the continent and el...
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Chemical leak at LG plant in India kills 11, about 1,000 illMay 07, 2020 7:00 am - HYDERABAD, India (AP) - A gas leak at a chemical factory owned by a South Korean company in southern India early Thursday left at least 11 people dead and about 1,000 st...
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US jobless claims set to surge again before April jobs dataMay 07, 2020 7:00 am - WASHINGTON (AP) - The government is set Thursday to release another dire picture of the layoffs that have pummeled America's workforce, one day before it will issue what...
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Glen Ellyn businesses offering more 'survival kits' after initial successMay 07, 2020 5:28 am - How's this for a day in quarantine? Catch up on some spring yardwork, write a note to an old friend, keep your mind sharp with a puzzle game and then indulge in some Dut...
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Naperville chamber survey: 58% of businesses can survive only 5 months or less during pandemicMay 07, 2020 5:20 am - One business of the 155 who responded to a Naperville Area Chamber of Commerce survey said it has not been affected at all by the COVID-19 pandemic. The vast majority a...