Corporate news

A view of the chicken and meat section at a grocery store
Drew Angerer/Getty Images
Associated Press
May 13, 2020 - 12:48 pm
OMAHA, Neb. (AP) — U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions. Although the situation could cause concern...
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Ellen F. O'Connell/Hazelton Standard-Speaker via AP, File
Associated Press
May 06, 2020 - 8:32 am
BALTIMORE (AP) — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak closed of offices, factories, schools, construction sites and stores that propel the U.S. economy. The Wednesday report from payroll company ADP showed the tragic depth and...
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In this May 3, 2020, photo, President Donald Trump walks on the South Lawn of the White House after stepping off Marine One, in Washington. Trump is returning from a trip to Camp David, Md. (AP Photo/Patrick Semansky)
May 05, 2020 - 8:23 am
WASHINGTON (AP) — For much of the last two months, President Donald Trump has rarely left the grounds of the White House as he’s dealt with the fallout of the coronavirus pandemic and sought to minimize his own exposure to the disease. But that changes Tuesday, when Trump is scheduled to travel to...
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FILE - In this May 5, 2019, file photo Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb. Buffett will hold a drastically scaled-back version of Berkshire Hathaway's annual meeting on Saturday, May 2, 2020, because of the coronavirus outbreak. No shareholders will be allowed at this year's online meeting, but Buffett will still offer some commentary during a brief question-and-answer session at the event. (AP Photo/Nati Harnik, File)
Associated Press
May 02, 2020 - 9:25 pm
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett doesn't know how or when the economy will recover from the coronavirus outbreak shutdown, but he remains optimistic in the long-term future of the United States. Buffett said Saturday at Berkshire Hathaway's online annual meeting that there's...
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Vice President Mike Pence speaks during a visit to the General Motors/Ventec ventilator production facility with Indiana Gov. Eric Holcomb in Kokomo, Ind., Thursday, April 30, 2020. (AP Photo/Michael Conroy)
Associated Press
April 30, 2020 - 4:17 pm
WASHINGTON (AP) — This time, he wore a mask. Vice President Mike Pence donned a face covering Thursday as he toured a General Motors/Ventec ventilator production facility in Indiana after coming under fire for failing to wear one earlier this week in violation of Mayo Clinic policy. The facility in...
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A sign for a McDonald's
Bruce Bennett/Getty Images
Associated Press
April 30, 2020 - 7:01 am
Most McDonald’s restaurants in the U.S. and China are now open for drive-thru and delivery, but global lockdown orders still took a bite out of the company’s first quarter sales. McDonald’s said Thursday its sales fell 6% to $4.71 billion in the January-March period. Declines have persisted in...
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FILE - This Thursday, March 19, 2020 file photo shows a closed Starbucks coffee shop in the Brooklyn borough of New York, during the COVID-19 coronavirus outbreak. On Tuesday, April 28, 2020, the company said that its global sales plunged in the first three months of the year as coronavirus-related shutdowns crippled its global operations. (AP Photo/Mark Lennihan)
Associated Press
April 28, 2020 - 6:52 pm
Starbucks said Tuesday that its global sales tumbled in the first three months of the year as coronavirus-related shutdowns gripped its operations. The Seattle-based coffee giant said conditions will likely worsen in the current quarter before moderating later this summer, and its recovery will...
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A man lies on a bench in front of the Mediterranean sea in Barcelona, Spain, Sunday, April 26, 2020 as the lockdown to combat the spread of coronavirus continues. From Sunday, children under 14 years old will be allowed to take walks with a parent for up to one hour and within one kilometer from home, ending six weeks of compete seclusion. (AP Photo/Emilio Morenatti)
Associated Press
April 26, 2020 - 9:09 pm
MINNEAPOLIS (AP) — Spain let children go outside and play Sunday for the first time in six weeks as European countries methodically worked to ease their lockdowns and reopen their economies, while governors in the United States moved at differing speeds, some more aggressive, others more cautious...
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FILE - In this April 2, 2020 file photo, "For Sale By Owner" and "Closed Due to Virus" signs are displayed in the window of a store in Grosse Pointe Woods, Mich. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are seeing signs that more owners are contemplating the possibility of bankruptcy. Government aid my simply be too little too late. (AP Photo/Paul Sancya, File)
Associated Press
April 26, 2020 - 12:24 pm
NEW YORK (AP) — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court. Business filings under Chapter 11 of the federal bankruptcy law rose sharply in March, and attorneys who work with struggling companies are...
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FILE - This Monday, April 6, 2020, file photo shows an arrangement of Hydroxychloroquine pills in Las Vegas. At least 13 states have obtained a total of more than 10 million doses of malaria drugs to treat COVID-19 patients despite warnings from doctors that more tests are needed before the medications that President Trump once fiercely promoted should be used to help people with the coronavirus. (AP Photo/John Locher,File)
Associated Press
April 24, 2020 - 9:05 pm
SALT LAKE CITY (AP) — State and local governments across the United States have obtained about 30 million doses of a malaria drug touted by President Trump to treat patients with the coronavirus, despite warnings from doctors that more research is needed. At least 22 states and Washington, D.C.,...
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