Business Stories from March 27, 2020 (Change date)
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Closing prices for crude oil, gold and other commoditiesMar 27, 2020 3:00 pm - Benchmark crude oil fell $1.09 to close at $21.51 a barrel Friday. Brent crude oil, the international standard, fell $1.41 to $24.93 a barrel. Wholesale gasoline rose 3...
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Tourists stranded in Asia by canceled flights, shut bordersMar 27, 2020 7:31 pm - PHUKET, Thailand (AP) - From the sun-soaked beaches of Thailand to the foothills of Mount Everest, tourists across Asia are finding their dream vacations have turned int...
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Cruise stocks sink after missing out on economic-relief billMar 27, 2020 4:31 pm - Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance as part of the major economic-recovery bill ...
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US consumer spending up modest 0.2% in FebruaryMar 27, 2020 9:01 am - WASHINGTON (AP) - Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the...
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Garment workers going unpaid as fashion labels cancel ordersMar 27, 2020 11:30 am - DHAKA, Bangladesh (AP) - A survey of factory owners in Bangladesh found that major fashion retailers that are closing shops and laying off workers in Europe and the U.S....
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Pandemic fallout: NCAA slashes distribution by $375 millionMar 27, 2020 10:01 am - Canceling March Madness because of the coronavirus pandemic will cost the NCAA about $375 million that it would have distributed to 350 schools across the nation. Some w...
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Restaurants, trying to stay afloat, revamp menus, operationsMar 27, 2020 12:31 pm - CINCINNATI (AP) - In the battle to keep their New York City restaurant going despite sharp restrictions during the coronavirus outbreak, the owners of Il Posto Accanto t...
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IMF head says global economy now in recessionMar 27, 2020 3:31 pm - WASHINGTON (AP) - The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse t...
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Grains mostly higher, livestock lower.Mar 27, 2020 10:00 am - \CHICAGO (AP) - Grain futures were mostly higher Friday in early trading on the Chicago Board of Trade. Wheat for May delivery advanced 13.80 cents at $5.8340 a bushel; ...
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Stocks drop, but hold on to weekly gains after a big rallyMar 27, 2020 4:30 pm - Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and househo...
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