Wednesday , July 8 2020

Tag Archives: epidemics

Layoffs Fell in May to Pre-Coronavirus Levels

The number of Americans dismissed from their jobs fell sharply in May to match levels recorded before the coronavirus pandemic and related shutdowns caused widespread layoffs. In May, 1.8 million workers were laid off or otherwise discharged from their jobs, the Labor Department said Tuesday. That was down from 7.7 …

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Ad Campaign Says Don't Let Covid-19 Fear Delay Doctor Visits

Several large health-care organizations are partnering on an advertising campaign to encourage people to return to their medical providers as the pandemic continues, a sign of how difficult it has been to allay fears of catching the coronavirus during visits to a doctor or pharmacy. Patients worried about contracting Covid-19 …

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Samsung Estimates a 22.7% Rise in Second-Quarter Operating Profit

Samsung Electronics Co. forecast a 28.5% rise in second-quarter operating profit Tuesday, as some components manufacturers ride out the coronavirus pandemic by servicing a boom in internet use fueled by remote working. The world’s largest smartphone and memory chip maker estimates operating profit of 8.1 trillion South Korean won (about …

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P.F. Chang's, Girl Scouts, Boies Law Firm Among PPP Borrowers

WASHINGTON—The federal government’s Paycheck Protection Program designed to help small businesses weather fallout from the coronavirus pandemic helped a broad swath of organizations, including prominent restaurant chains, law firms and non-profits. Among the recipients the Trump administration disclosed Monday: Boies Schiller Flexner LLP, the law firm headed by antitrust litigator …

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New York Municipalities Feel Budget Crunch as Pandemic Squeezes Funding

Officials in Buffalo, the second-largest city in New York, were already preparing to borrow $18 million to keep them in the black after the novel coronavirus caused municipal revenues—from parking meters to sales tax—to shrivel. But when word came from Democratic Gov. Andrew Cuomo’s administration that a $98.4 million state …

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Coronavirus Is No Cure for Health-Care Stocks

Investors are struggling to predict where the stock market is headed next. Even so, many are already betting that health-care shares won’t lead the way. The sector offered shelter⁠ for investors—followed by an outsize rebound—during the market turbulence earlier this year. With several companies scrambling to create the first effective …

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With No Summer Concerts, It's Garth Brooks at the Drive-In

Concert promoters—and fans—haven’t given up on live music, even with most summer shows wiped out by the coronavirus pandemic. The stadium shows and festivals that had been expected to make this year the biggest ever for live music have given way to virtual tours and drive-in shows. The performances don’t …

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Takeout Over Cafes: Pandemic Shapes Consumption

U.S. consumers are buying again, but their shopping patterns show broad fears of persistent health risks amid the pandemic. Coronavirus cases, after reaching a plateau in April and May, are rising across the South and West, sparking fears of a resurgence. The data show consumers have in many ways been …

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Gasoline Is Cheap This July Fourth. Fuel Retailers Aren't Complaining.

Drivers hitting the road over July Fourth weekend are poised to enjoy the cheapest holiday gasoline prices in years, but the gas stations are doing OK, too. Fuel retailers have benefited from record margins on gasoline in recent months. The difference between the price U.S. consumers paid at the pump …

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Home Caregivers Shoulder Burden in Covid-19 Fight

LOS ANGELES—As Covid-19 infections surge, home caregivers including Lesia Louro are working on the hidden front line in the battle with the pandemic. Ms. Louro, 63 years old, works with elderly residents to earn extra money in the off hours from her full-time job at a community college. In addition …

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Airlines' Latest Woe: Diverging Coronavirus Rates Across the Atlantic

Not being able to fly to Europe may be disappointing for American vacationers. It is much worse for airlines. This week, the European Union said Americans still won’t be allowed into the bloc for nonessential travel. Many European nations are trying to make up lost ground by opening ahead of …

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Copper Slips, Halting Sharp Rebound

Copper prices fell Friday, signaling a pause in the industrial metal’s surge, on mounting concerns that the rally may have been overdone. Copper futures for October delivery slipped about 1% to $6,030 a metric ton on the London Metal Exchange. The drop comes as investors struggle to reconcile signs of …

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Vale Is Financially Able to Resume Dividends But Is Watching Coronavirus: CFO

SÃO PAULO—Brazilian iron-ore mining giant Vale SA is financially ready to resume making divided payments after an almost two-year halt following the deadly dam failure in Brumadinho, but it is waiting to see how the coronavirus pandemic advances before making a decision, Chief Financial Officer Luciano Siani said Friday. Vale’s …

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Chapter 11 Business Bankruptcies Rose 26% in First Half

Chapter 11 business bankruptcy filings increased 26% in the first half of this year as more companies sought protection from creditors during the coronavirus pandemic, according to legal-services firm Epiq Systems Inc. U.S. courts recorded a total of 3,604 businesses filing for chapter 11 protection in the first six months …

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China's Economy Regains Strength After Strict Coronavirus Measures

BEIJING—Economic activity is gathering momentum in China, a raft of survey data showed this week, the latest sign that Beijing’s uncompromising approach to tackling the coronavirus pandemic is starting to pay dividends even as the U.S. shuts down swaths of its economy in a struggle to contain the virus. A …

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