Business Stories from May 28, 2020 (Change date)
-
Asia shares fall as US-China tensions douse rally on Wall StMay 28, 2020 7:00 am - BANGKOK (AP) - Shares fell Friday in Asia after Wall Street's rally petered out amid worries about flaring U.S.-China tensions. Benchmarks declined in Hong Kong, Tokyo ...
-
41 million jobs lost; homebound gear up to get out, way outMay 28, 2020 7:00 am - The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global ...
-
Nordstrom's 1Q sales fell 40% as pandemic shuttered storesMay 28, 2020 7:00 am - NEW YORK (AP) - Upscale department store retailer Nordstrom reported Thursday that its sales plunged nearly 40% in its fiscal first quarter when the pandemic forced a te...
-
Dollar Tree, Semtech rise; American Airlines, HP fallMay 28, 2020 7:00 am - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Thursday: Box Inc., down 15 cents to $19.49. The file sharing software company gave investors an en...
-
Hong Kong's business hub status imperiled by security lawMay 28, 2020 7:00 am - HONG KONG (AP) - A national security law proposed by China could imperil Hong Kong's status as one of the world's best places to do business. The law, approved Thursday...
-
Suits accuse retail chains of flooding Ohio with painkillersMay 28, 2020 7:00 am - CLEVELAND (AP) - Five retail chains flooded two Ohio counties with tens of millions of prescription painkillers through their pharmacies while taking few if any steps to...
-
Croatian charity offers help as lives turn during outbreakMay 28, 2020 7:00 am - PULA, Croatia (AP) - Winding stone streets, usually packed with tourists, silent as a graveyard. Restaurants closed. Beaches deserted. Hotels bolted shut. When Europe lo...
-
US mortgage rates fall; 30-year loan at all-time low 3.15%May 28, 2020 7:00 am - WASHINGTON (AP) - Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the co...
-
Nissan to close Indonesia, Spain auto plants after lossesMay 28, 2020 7:00 am - TOKYO (AP) - Japanese automaker Nissan plans to close auto plants in Spain and Indonesia after sinking into the red for the first time in 11 years as the pandemic squash...
-
41 million have lost jobs since virus hit, but layoffs slowMay 28, 2020 7:00 am - WASHINGTON (AP) - Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recess...