Corporate news

A sign notifying the availability of pasta in the wake of the coronavirus outbreak, outside Warwick Way Food & Wine in Victoria, London, Thursday March 19, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (Yui Mok/PA via AP)
Associated Press
March 19, 2020 - 4:31 pm
It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday...
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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)
Associated Press
March 18, 2020 - 8:53 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...
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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)
Associated Press
March 18, 2020 - 6:19 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...
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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)
Associated Press
March 18, 2020 - 2:24 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...
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People walk past a convenient store where the latest cover of a magazine is stuck on a pillar outside of it on Sunday, March 15, 2020, in New York. President Donald Trump on Sunday called on Americans to cease hoarding groceries and other supplies, while one of the nation's most senior public health officials called on the nation to act with more urgency to safeguard their health as the coronavirus outbreak continued to spread across the United States. (AP Photo/Wong Maye-E)
Associated Press
March 16, 2020 - 5:52 pm
Millions of people are stocking up and holing up at home a as a growing number of governments fight to bring the coronavirus under control. The number of reported cases worldwide topped 175,000 with 6,700 deaths. More than 77,000 people have recovered from the illness. These are some of the latest...
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A parking lot attendant walks through a typically full parking lot now largely empty over people staying home due to the worldwide coronavirus pandemic in Dubai, United Arab Emirates, Monday, March 16, 2020. For most people, the new coronavirus causes only mild or moderate symptoms. For some it can cause more severe illness. (AP Photo/Jon Gambrell)
Associated Press
March 16, 2020 - 4:24 pm
Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. National retail chains have closed all stores. Banks are taking steps to keep cash on hand, lots of it. Markets in Asia, Europe and the U.S. are plunging. Following is a quick...
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A gun store customer that gave his name only at John waits in line, Sunday, March 15, 2020, in Burbank, Calif. As consumers are buying all kinds of goods in large quantities amid coronavirus concerns, putting pressure on inventories, John stated that he was there to buy ammunition because most other stores were out and he wanted to stock up. (AP Photo/Mark J. Terrill)
Associated Press
March 15, 2020 - 8:04 pm
WASHINGTON (AP) — The first participant in a clinical trial for a vaccine to protect against the new coronavirus will receive an experimental dose on Monday, according to a government official. The National Institutes of Health is funding the trial, which is taking place at the Kaiser Permanente...
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A woman walks past a poster depicting the 1859 painting by Italian artist Francesco Hayez, ll Bacio (The Kiss), hanging on a facade of the Pinacoteca di Brera Museum, in Milan, Italy, Wednesday, March 11, 2020. Italy is mulling even tighter restrictions on daily life and has announced billions in financial relief to cushion economic shocks from the coronavirus. Premier Giuseppe Conte says he will consider requests to toughen an already extraordinary lockdown 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/Luca Bruno)
Associated Press
March 11, 2020 - 11:37 am
WASHINGTON (AP) — Seven weeks after the first case of COVID-19 was confirmed in the U.S., the spread of the virus that causes the disease has done widespread damage to critical economic sectors in the country. Airlines are cutting capacity, people are working from home, major public events that...
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Medical staff wearing protective suits check documents as they wait for people with suspected symptoms of the new coronavirus, at a testing facility in Seoul, South Korea, Wednesday, March 4, 2020. The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. (AP Photo/Ahn Young-joon)
Associated Press
March 04, 2020 - 6:22 pm
BANGKOK (AP) — The Latest on the virus outbreak (all times local): 7:15 a.m. California Gov. Gavin Newsom has declared a statewide emergency after the state's first fatality from the new coronavirus. Newsom announced the measure at a news conference Wednesday, saying it was intended to help procure...
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Travelers at Seattle-Tacoma International Airport wear masks Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
Associated Press
March 04, 2020 - 12:37 pm
ALTERED EXPECTATIONS: General Electric Co. General Electric believes the viral outbreak could have a negative impact of about $300 million to $500 million on its first-quarter industrial free cash flow. Operating profit for the period could be hurt by about $200 million to $300 million. GE said...
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