Business Stories from July 30, 2020 (Change date)
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Volkswagen lost $1.8 billion in Q2 but sees profit for yearJul 30, 2020 7:00 am - FRANKFURT, Germany (AP) - Carmaker Volkswagen recorded an after-tax loss of 1.54 billion euros ($1.81 billion) in the second quarter as the pandemic shut down auto plant...
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Record surge in daily shipping volumes for UPS in 2QJul 30, 2020 7:00 am - The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said Thurs...
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Saudis' Newcastle bid ends after piracy, human rights issuesJul 30, 2020 7:00 am - Saudi Arabia's sovereign wealth fund withdrew its bid to buy English Premier League club Newcastle on Thursday after the process was stalled by concerns about piracy by ...
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US economy shrank at record-breaking 33% rate last quarterJul 30, 2020 7:00 am - WASHINGTON (AP) - The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter - by far the worst quarterly plunge ever - when the viral outbreak sh...
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Grains mixed, livestock mixedJul 30, 2020 7:00 am - Wheat for Sept. was off 3.25 cents at 5.2950 a bushel; Sept. corn was up .25 cent at 3.1575 a bushel, Sept. oats fell 4 cents at $2.78 a bushel; while Aug. soybeans was ...
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In an upside-down summer, 'Jaws,' 'E.T.' are hits againJul 30, 2020 7:00 am - NEW YORK - When historians look back on the top films at the box office in the summer of 2020, they may feel like they've slipped into a time warp, or maybe "Back to the...
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Grubhub sees orders jump but swings to 2Q lossJul 30, 2020 7:00 am - Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling...
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Huawei overtakes Samsung as top smartphone seller: reportJul 30, 2020 7:00 am - LONDON (AP) - A technology research firm says Huawei has overtaken Samsung to become the world's biggest smartphone seller, as its home market in China emerged from the ...
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Trump offers, Democrats reject fix for $600 jobless benefitJul 30, 2020 7:00 am - WASHINGTON (AP) - With aid expiring, the White House offered a short-term extension Thursday of a $600 weekly unemployment benefit that has helped keep families and the ...
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UPS, Apache rise; Yum China, Citigroup fallJul 30, 2020 7:00 am - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Thursday: Apache Corp., up $2.36 to $16.01. The energy company said it's made a major oil discovery ...