Business Stories from May 18, 2020 (Change date)
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Reports: World economy faces tough journey back from crisisMay 18, 2020 7:00 am - WASHINGTON (AP) - The world economy likely faces a long slog back from the coronavirus crisis. Two reports out Monday predict that global growth will struggle to bounce ...
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Germany, France propose recovery fund for pandemic-hit EUMay 18, 2020 7:00 am - BERLIN (AP) - Germany and France jointly proposed a 500 billion-euro ($543 billion) recovery fund Monday to boost European economies hit by the coronavirus pandemic. In ...
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Video app TikTok names top Disney streaming exec as new CEOMay 18, 2020 7:00 am - TikTok, the popular short-video app that has also drawn national-security and privacy concerns, has a new high-profile CEO from Disney, Kevin Mayer. Mayer will also be c...
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Grains mostly higher,livestock mixedMay 18, 2020 7:00 am - Wheat for July was off 3.25 cents at 4.97 a bushel; July corn was up 1.50 cents at 3.2075 a bushel, July oats gained 6.75 cents at $3.1875 a bushel; while July soybeans ...
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Closing prices for crude oil, gold and other commoditiesMay 18, 2020 7:00 am - Benchmark U.S. crude oil for June delivery rose $2.39, or 8.1%, to settle at $31.82 a barrel Monday. Brent crude oil for July delivery rose $2.31, or 7.1% to $34.81 a ba...
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U.S. restriction on chipmakers deals critical blow to HuaweiMay 18, 2020 7:00 am - HONG KONG (AP) - The latest U.S. sanctions on tech giant Huawei threaten to devastate the company and escalate a feud with China that could disrupt technology industries...
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SoftBank racks up losses as Vision Fund investments plungeMay 18, 2020 7:00 am - TOKYO (AP) - Japanese technology company SoftBank Group Corp. racked up a loss of 961.6 billion yen ($9 billion) for the fiscal year through March, on red ink related to...
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Alibaba's Jack Ma quits board of Japan's struggling SoftBankMay 18, 2020 7:00 am - TOKYO (AP) - Chinese billionaire Jack Ma is stepping down from the board of SoftBank Group Corp., as the Japanese technology company struggles over its risky investments...
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JC Penney plans to close more than 240 storesMay 18, 2020 7:00 am - NEW YORK (AP) - J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection. The Plano, Texas, retailer said ...
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Asian Americans lead in internet-based TV use, study showsMay 18, 2020 7:00 am - Asian Americans, more than any other group, are using digital devices and streaming services for their television viewing, according to a report made public Monday. The ...
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