Business

Car makers adjust to virus outbreak, Uniqlo outlets closed

  • Feb 07, 2020

BEIJING  — Automakers are considering whether to reopen factory lines in China and counting the costs from the virus outbreak in China, while Japanese fashion brand Uniqlo reports half its shops in China are closed. Here is a look at the latest developments on how the virus is affecting global bus

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Messy Iowa caucuses leave cash-poor candidates scrambling

  • Feb 07, 2020

MANCHESTER, N.H.  — The Iowa caucuses weren’t just a colossal political mess. They were a massive money drain for Democratic presidential contenders who poured millions of dollars into a contest so marred by technical glitches that its ultimate outcome will be marked with an asterisk. That&r

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Credit Suisse says CEO Thiam resigns amid spying scandal

  • Feb 07, 2020

GENEVA  — Credit Suisse CEO Tidjane Thiam says he is resigning after nearly five years on the job, acknowledging that a spying scandal caused “anxiety and hurt” and tarnished the reputation of the top-drawer Swiss bank. The bank said in a statement Friday that its board a day earlier a

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January US jobs report may provide clarity amid disruptions

  • Feb 07, 2020

WASHINGTON  — With China’s viral outbreak disrupting trade and Boeing’s troubles weighing on American factories, the January U.S. jobs report on Friday may provide timely evidence of the U.S. economy’s enduring health. Economists estimate that employers added 161,000 jobs last mo

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Unknowns of the new virus make global quarantines a struggle

  • Feb 05, 2020

SEOUL, South Korea  — Health authorities are scrambling to halt the spread of a new virus that has killed hundreds in China. But with important details about the illness and how it spreads still unknown, officials and medical personnel are struggling. Governments have rushed to get their citizens

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Ford full-year profit plunges on slower sales, pension costs

  • Feb 05, 2020

DETROIT  — Ford Motor Co.’s profit last year plunged by more than $3.6 billion, weighed down by slowing U.S. sales, the cost of a botched SUV launch and some big pension expenses. The Dearborn, Michigan, automaker said Tuesday it made $47 million in 2019, down from a $3.68 billion profit a y

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Macy’s to close 125 stores, shed 2,000 corporate jobs

  • Feb 05, 2020

NEW YORK  — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy’s current total. They includ

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Walgreens to pay $7.5M in settlement over phony pharmacist

  • Feb 04, 2020

OAKLAND, Calif.  — Walgreens will pay $7.5 million to settle with California authorities after an employee was criminally charged with impersonating a pharmacist and illegally filling more than 745,000 prescriptions in the San Francisco Bay Area. Kim Thien Le has pleaded not guilty to felony imper

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NY bill proposes banning retail sales of dogs, cats, rabbits

  • Feb 04, 2020

ALBANY, N.Y.  — New York could ban retail pet shops from selling dogs, cats or rabbits as soon as mid-2021 under a Democratic state senator’s bill. The state would join Maryland and California and hundreds of municipalities nationwide that have taken a stand to outlaw sales of those pets, De

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