Corporate news

Health and Human Services Secretary Alex Azar speaks, with Vice President Mike Pence behind him, during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, Sunday, March 15, 2020, in Washington. (AP Photo/Alex Brandon)
March 18, 2020 - 9:53 pm
WASHINGTON (AP) — President Donald Trump on Wednesday invoked a Korean War-era law as part of his response to the coronavirus pandemic, aiming to boost private industry production of supplies needed for the health crisis. The Defense Production Act of 1950 was signed by President Harry S. Truman...
Read More
A recently landed Delta Air Lines plane is towed past two stripped passenger planes at Pinal Airpark Wednesday, March 18, 2020, in Red Rock, Ariz., as many passenger planes are being kept at the facility as airlines cut back on service due to the coronavirus. (AP Photo/Ross D. Franklin)
AP News
March 18, 2020 - 7:19 pm
The number of confirmed cases of the new coronavirus worldwide surpassed 200,000 for the first time Wednesday and the damage being seeded in the global economy is growing more clear by the day. Furloughs and job cuts, from dog walkers to oilfield workers, have begun. Governments around the world...
Read More
The Wells Fargo Center, home of the Philadelphia Flyers NHL hockey team and the Philadelphia 76ers NBA basketball team, is seen nearly empty, Saturday, March 14, 2020, in Philadelphia. All games at the Center have been postponed due to the COVID-19 pandemic. (AP Photo/Matt Slocum)
March 18, 2020 - 4:47 pm
The Latest on the coronavirus pandemic's effect on sports around the world (all times local): 4:45 p.m. Mexican pentathlete Mariana Arceo, who qualified for the Tokyo 2020 Olympics, has tested positive for the new coronavirus and is being treated at a clinic in Mexico City. The 25-year-old Arceo...
Read More
FILE - This March 5, 2020 file photo shows John Legend performing at The Alliance for Children's Rights 28th Annual Dinner in Beverly Hills, Calif. The spreading coronavirus might have canceled several touring performances from A-list musical artists, but those acts have found a new venue to sing: their living rooms. Legend, Bono, Coldplay’s Chris Martin, Pink, John Mayer, Keith Urban and more have held virtual concerts from their homes as the world continues to practice social distancing to slow the spread of the virus. (Photo by Willy Sanjuan/Invision/AP, File)
March 18, 2020 - 3:33 pm
NEW YORK (AP) — The spreading coronavirus canceled several touring performances from A-list musical artists, but those acts have found a new venue to sing: their living rooms. John Legend, Bono, Coldplay’s Chris Martin, Pink, John Mayer, Keith Urban and more have held virtual concerts from their...
Read More
FILE - In this Sept. 27, 2018, file photo a United Auto Workers assemblymen work on a 2018 Ford F-150 trucks being assembled at the Ford Rouge assembly plant in Dearborn, Mich. The United Auto Workers union wants Detroit's three automakers to shut down their factories for two weeks to keep its members safe from the spreading coronavirus. But union President Rory Gamble says in an email to members obtained by The Associated Press that the companies were not willing to shut factories down. (AP Photo/Carlos Osorio, File)
March 18, 2020 - 3:24 pm
Detroit (AP) — Ford and General Motors are confirming that they will temporarily close all of their North American factories due to the coronavirus threat. Fiat Chrysler will do the same, according to two people briefed on the matter Wednesday. Ford said its plants will shut down after Thursday...
Read More
FILE - In this June 26, 2019, file photo, a FedEx truck drives in Philadelphia. FedEx posted surprisingly strong revenue in its latest fiscal quarter, but the delivery giant suspended its financial forecasts for the rest of 2020 because of the uncertain impact of the new coronavirus. (AP Photo/Matt Rourke, File)
March 17, 2020 - 8:16 pm
Many passenger airlines that carry freight in their bellies are being grounded by the coronavirus outbreak, and that could create an opportunity for cargo carriers like FedEx. FedEx Chairman and CEO Fred Smith said Tuesday that the delivery giant is capable of handling the increased demand for its...
Read More
A man sits alone at a coffee shop area at a shopping centre in London, Tuesday, March 17, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Kirsty Wigglesworth)
March 17, 2020 - 2:48 pm
Governments and central banks are scrambling to find ways to keep businesses from going bankrupt as the virus outbreak grinds the world economy to a halt. A day after Wall Street endured its worst daily drop since the crash of 1987, European markets wavered, as did U.S futures markets. There is...
Read More
The Varsity Theater, home to concerts, used the marquee to address the need for washing hands due to the coronavirus, the disease that is caused by the new coronavirus, Monday, March 16, 2020 near the University of Minnesota in Minneapolis. (AP Photo/Jim Mone)
March 17, 2020 - 2:17 pm
NEW YORK (AP) — U.S. movie theaters have closed nationwide due to the coronavirus pandemic, turning dark nearly all of the country's 40,000-plus screens in an unprecedented shutdown. With most of Hollywood's March and April releases already postponed, the Walt Disney Co. on Tuesday also cleared out...
Read More
President Donald Trump speaks during a press briefing with the coronavirus task force, at the White House, Tuesday, March 17, 2020, in Washington. Listening from left are Administrator of the Centers for Medicare and Medicaid Services Seema Verma, Stephen Hahn, commissioner of the U.S. Food and Drug Administration, and Vice President Mike Pence. (AP Photo/Evan Vucci)
March 17, 2020 - 2:17 pm
NEW YORK (AP) — The Latest on action in the financial markets (all times local): 1:50 p.m. President Donald Trump said the government is considering aiding Boeing, which was already struggling with the fallout from two deadly crashes involving its 737 Max jetliner and now faces reduced airline...
Read More
FILE - In this Monday, Sept. 16, 2019, file photo, a woman pumps gas at a convenience store in Pittsburgh. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday, March 15, 2020, that gas prices could continue to fall as demand shrinks amid the coronavirus pandemic. (AP Photo/Gene J. Puskar)
March 17, 2020 - 9:45 am
WASHINGTON (AP) — U.S. industrial production rose last month for the first time since November as chillier weather kept utiliities busy and an uptick in auto production pushed manufacturing output higher. The economic impact of the coronavirus outbreak was not apparent in the February numbers. The...
Read More