Business Stories from May 18, 2020 (Change date)
-
Japan's growth drops amid pandemic, worse times likely aheadMay 18, 2020 7:00 am - TOKYO (AP) - Japan plunged into recession in the first quarter as the coronavirus pandemic battered manufacturing, exports and spending, and economists expect worse dama...
-
Some traffic returns to roads as India eases virus lockdownMay 18, 2020 7:00 am - NEW DELHI (AP) - People trickled outdoors and thin traffic returned to roads in some Indian states on Monday, a day after the federal government extended the nationwide ...
-
Uber cuts 3,000 jobs as pandemic slashes demand for ridesMay 18, 2020 7:00 am - NEW YORK (AP) - Uber has cut 3,000 jobs from its workforce, its second major wave of layoffs in two weeks as the coronavirus slashed demand for rides. The San Francisco ...
-
Cash strapped Thai Airways to seek bankruptcy rehabilitationMay 18, 2020 7:00 am - BANGKOK (AP) - Thailand's flag carrier Thai Airways International will file a plan for restructuring its business with the Central Bankruptcy Court, a government spokesw...
-
Powell says Fed will name borrowers, will use all its toolsMay 18, 2020 7:00 am - WASHINGTON (AP) - Federal Reserve Chair Jerome Powell is pledging to reveal the names and other details of the entities that borrow from the emergency programs the centr...
-
Moderna, Hess rise; J.C. Penney, ForeScout fallMay 18, 2020 7:00 am - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Monday: International Game Technology Plc., up 53 cents to $7.46. The maker of video slot machines b...
-
PG&E's bankruptcy plan wins support from wildfire victimsMay 18, 2020 7:00 am - BERKELEY, Calif. (AP) - Pacific Gas & Electric's plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern California wildfires...
-
Business, government operate under new rules, market ralliesMay 18, 2020 7:00 am - The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global respon...
-
U.S. stock futures soar on positive results from Moderna vaccine trialMay 18, 2020 1:00 am - U.S. markets were poised for recovery Monday as good news out of Moderna's coronavirus vaccine trials spurred optimism in investors, with Dow futures calling for a more ...
-
New grocery concept, Costco to enliven East Ogden in NapervilleMay 18, 2020 1:00 am - The dormant properties of East Ogden Avenue in Naperville are set to get a boost not only from the city's second Costco, but also from a new grocery store, Mayor Steve C...