Business Stories from July 28, 2020 (Change date)
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Malaysian ex-PM Najib given 12 years in jail in 1MDB scandalJul 28, 2020 11:01 am - KUALA LUMPUR, Malaysia (AP) - A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first ...
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US consumer confidence tumbles in July as COVID-19 spreadsJul 30, 2020 8:27 am - WASHINGTON (AP) - U.S. consumer confidence tumbled in July to a reading of 92.6 as coronavirus infections spread in many parts of the country. The Conference Board, a Ne...
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Revel suspends NYC scooter service after 2nd fatal crashJul 28, 2020 12:00 pm - NEW YORK (AP) - Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel twe...
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Nissan expects second straight year of red ink amid outbreakJul 28, 2020 7:30 pm - TOKYO (AP) - Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it strug...
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AMC, Universal agree to shrink theatrical window to 17 daysJul 28, 2020 6:00 pm - NEW YORK (AP) - In a sign of how the pandemic is remaking Hollywood traditions, AMC Theatres and Universal Studios on Tuesday announced an agreement to shorten the exclu...
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GOP's jobless benefit plan could mean delays, states warnJul 28, 2020 4:31 pm - A Republican proposal to slash the $600 weekly benefit boost for those left jobless because of the coronavirus shutdown could result in weeks or even months of delayed p...
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TV viewers welcome baseball back, at least for nowJul 28, 2020 5:01 pm - NEW YORK (AP) - Perhaps sensing the abbreviated season might not last long, television viewers welcomed baseball back with open arms from its coronavirus hiatus. ESPN's ...
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Starbucks says it sees better times ahead as stores reopenJul 28, 2020 6:30 pm - Starbucks' revenue shrank 38% in its most recent quarter but the coffee giant says it's recovering faster than expected as its stores reopen from coronavirus lockdowns. ...
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S&P CoreLogic Case-Shiller: US home prices rose 3.7% in MayJul 28, 2020 9:01 am - WASHINGTON (AP) - U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-c...
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McDonald's facing uneven recovery, 2Q sales down 30%Jul 30, 2020 8:25 am - Business did improve for McDonald's throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy - and expensive - recove...