Corporate news

The sun sets behind an idle pump jack near Karnes City, Texas, Wednesday, April 8, 2020. Demand for oil continues to fall due to the new coronavirus outbreak. (AP Photo/Eric Gay)
April 09, 2020 - 7:35 pm
MOSCOW (AP) — Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been straining government budgets and pushed energy companies toward bankruptcy. Late...
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FILE - In this Sept. 19, 2019, file photo, UFC President Dana White speaks at a news conference in New York. UFC 249 has been canceled after ESPN and parent company Disney stopped White's plan to keep fighting amid the coronavirus pandemic. After defiantly vowing for weeks to maintain a regular schedule of fights, White announced the decision to cease competition Thursday, April 9, on ESPN, the UFC's broadcast partner. (AP Photo/Gregory Payan, File)
April 09, 2020 - 7:28 pm
LOS ANGELES (AP) — UFC 249 was canceled Thursday after ESPN and parent company Disney stopped UFC President Dana White’s plan to keep fighting amid the coronavirus pandemic. After defiantly vowing for weeks to maintain a regular schedule of fights while the rest of the sports world halted, White...
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The Smithfield pork processing plant in Sioux Falls, S.D., is seen Wednesday, April 8, 2020, where health officials reported more than 80 employees have confirmed cases of the coronavirus (AP Photo/Stephen Groves)
April 09, 2020 - 4:03 pm
SIOUX FALLS, S.D. (AP) — A Smithfield Foods pork processing plant in South Dakota will temporarily close for cleaning after more than 80 employees were confirmed to have the coronavirus, the company announced Thursday. Smithfield Foods plans to suspend operations in a large section of the Sioux...
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April 09, 2020 - 1:49 pm
NEW YORK (AP) — Two former 21st Century Fox Inc. executives were allowed to remain free on $15 million appearance bonds, three days after they were indicted as part of the U.S. government’s investigation of soccer corruption. Hernan Lopez and Carlos Martinez were arraigned Thursday on wire fraud...
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FILE - In this Feb. 22, 2018, file photo Airbnb co-founder and CEO Brian Chesky speaks during an event in San Francisco. Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Airbnb, which just weeks ago was planning for a bombshell initial public offering, is reportedly shedding millions of dollars and facing harsh blowback from hosts who relied on its platform for income. (AP Photo/Eric Risberg, File)
April 09, 2020 - 1:08 pm
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together. Since the beginning of March, for instance, Uber shares have lost a quarter of their value. Rival Lyft is down 28 percent. Over the same...
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Commuters wear masks at a station in Fukuoka, southern Japan Wednesday morning, April 8, 2020. Japan’s Prime Minister Shinzo Abe declared a month-long state of emergency Tuesday for Tokyo and six other prefectures including Fukuoka to ramp up defenses against the spread of the coronavirus as the number of infections surges. (Kyodo News via AP)
April 09, 2020 - 12:04 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR — Australia has lowest increase of coronavirus cases...
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In this photo taken Tuesday April 7, 2020, a person wearing a face mask pedals down the Monterey Bay Coastal Trail in Monterey, Calif. Gov. Gavin Newsom announced, Tuesday, April 7, 2020 the state will spend nearly $1 billion to purchase up to 200 million masks per month to boost the state's stockpile of protective equipment during the COVID-19 outbreak and could act as a supplier to other Western states. (AP Photo/Rich Pedroncelli)
April 08, 2020 - 8:16 pm
SACRAMENTO, Calif. (AP) — California plans to spend nearly $1 billion to buy up to 200 million masks each month to boost its stockpile of protective gear during the coronavirus outbreak, an eye-popping figure meant to turn the state into a distributor of medical equipment for other Western states...
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Big Ben's clock tower and the London Eye ferris wheel stand in the distance as the area around Royal Festival Hall is very quiet in London, Wednesday, April 8, 2020. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. (AP Photo/Matt Dunham)
April 08, 2020 - 7:47 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the global economy, the work place and the spread of the virus. ___________________ PAYCHECKS STOP: Companies are in survival mode, which means tens of...
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Sen. Kelly Loeffler, R-Ga., waits to speak during a television interview on Capitol Hill in Washington, Friday, March 20, 2020. (AP Photo/Susan Walsh)
April 08, 2020 - 5:05 pm
WASHINGTON (AP) — Republican Sen. Kelly Loeffler of Georgia said Wednesday that she will liquidate her stock portfolio and move the money to investment funds after coming under scrutiny for transactions she and her husband made just before the coronavirus sent markets reeling. Loeffler and her...
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Workers pack up in pit lane after the cancellation of the Australian Formula One Grand Prix in Melbourne, Friday, March 13, 2020. The first F1 Grand Prix of the season was canceled two hours before the first official practice was set to start Friday after organizers relented to pressure to call it off amid the spreading coronavirus. (Michael Dodge/AAP Image via AP)
April 08, 2020 - 10:21 am
LONDON (AP) — With nearly half of the season already altered by the coronavirus pandemic, Formula One said Wednesday it will furlough half of its staff until the end of May and senior executives will take pay cuts. F1 called off last month's Australian Grand Prix and has postponed seven more races...
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