Business Stories from July 31, 2020 (Change date)
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Amazon closer to launching satellites, upping internet reachAug 03, 2020 10:14 am - NEW YORK (AP) - Amazon.com is one step closer to space. The company received government approval to put more than 3,200 satellites into orbit with the goal of beaming i...
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Champagne losing its fizz as global pandemic clobbers salesJul 31, 2020 11:31 am - REIMS, France (AP) - Champagne is losing its fizz. For months, lockdown put the cork on weddings, dining out, parties and international travel - all key sales components...
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US consumer spending up 5.6%, but virus could stall gainsAug 03, 2020 8:16 am - WASHINGTON (AP) - American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck ha...
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Grains mixed, livestock mixedJul 31, 2020 10:01 am - \CHICAGO (AP) - Grain futures were mixed on Friday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was up .60 cent at $5.3260 a bushel; Sept. co...
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James Murdoch resigns from news publisher News Corp's boardJul 31, 2020 6:00 pm - News Corp founder Rupert Murdoch's son James is resigning from the family-controlled publisher's board over content appearing in its newspapers, which include the Wall S...
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Fiat Chrysler posts smaller-than-expected loss despite virusJul 31, 2020 7:01 am - DETROIT (AP) - Fiat Chrysler posted a second-quarter loss that was not as bad as feared with factories closed by the coronavirus erasing its profits. The company lost j...
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Apple, Merck rise; Caterpillar, Expedia fallJul 31, 2020 4:01 pm - NEW YORK (AP) - Stocks that moved heavily or traded substantially on Friday: Exxon Mobil Corp., up 21 cents to $42.08. The company lost $1.1 billion and its revenue dro...
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Nokia profit up despite pandemic as new CEO takes overJul 31, 2020 4:01 pm - HELSINKI (AP) - Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavir...
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Dutch KLM group to cut 4,500-5,000 jobs due to pandemicJul 31, 2020 2:19 pm - AMSTELVEEN, The Netherlands (AP) - Dutch carrier KLM said Friday it will cut between 4,500 and 5,000 jobs because of the coronavirus crisis. The company said in a statem...
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Closing prices for crude oil, gold and other commoditiesJul 31, 2020 2:30 pm - Benchmark U.S. crude oil for September delivery rose 35 cents to settle at $40.27 a barrel Friday. Brent crude oil for September delivery rose 37 cents to $43.31 a barre...