Corporate news

The Norwegian Encore cruise ship is docked at the Port of Miami on Thursday, March 26, 2020, in Miami, Fla. (Al Diaz/Miami Herald via AP)
March 27, 2020 - 6:24 pm
Shares of cruise lines have taken on more water after the industry's major players were shut out from government assistance as part of the major economic-recovery bill signed by President Donald Trump on Friday The bill passed by Congress says companies getting loans or loan guarantees must be “...
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FILE - In this Tuesday, March 24, 2020 file photo, Gov. Andrew Cuomo speaks during a news conference against a backdrop of medical supplies at the Jacob Javits Center that will house a temporary hospital in response to the COVID-19 outbreak in New York. Cuomo, a Democrat, ripped the GOP-led Senate's version of the coronavirus package as "terrible" for New York and said, based on preliminary reports, that it would send the state some $4 billion in direct aid. (AP Photo/John Minchillo)
March 27, 2020 - 5:42 pm
The coronavirus is pounding state governments with a financial one-two punch, costing them millions to try to contain the disease just as businesses are shutting down and tax revenue is collapsing. The sharp drop in revenue could jeopardize some states' ability to provide basic services. States...
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In this image provided by Jay Woods, Woods, a Designated Market Maker with IMC and NYSE Floor Governor, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020. Stocks are opening lower on Wall Street, Friday, March 27, as the market gives back some of the gains it piled up over the past three days. (Shannon Woods/Courtesy Jay Woods via AP)
March 27, 2020 - 5:22 pm
Wall Street closed lower Friday but still notched big gains for the week as investors held out hope that a $2 trillion rescue package will cushion businesses and households from the economic devastation being caused by the coronavirus. The S&P 500 closed 3.4% lower, but still climbed 10.3% for...
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Pope Francis arrives to deliver an Urbi et orbi prayer from the empty St. Peter's Square, at the Vatican, Friday, March 27, 2020. Praying in a desolately empty St. Peter's Square, Pope Francis on Friday likened the coronavirus pandemic to a storm laying bare illusions that people can be self-sufficient and instead finds "all of us fragile and disoriented" and needing each other's help and comfort. 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/Alessandra Tarantino)
March 27, 2020 - 4:05 pm
VATICAN CITY (AP) — Praying in a desolately empty St. Peter's Square, Pope Francis on Friday likened the coronavirus pandemic to a storm laying bare illusions that people can be self-sufficient and instead leaves “all of us fragile and disoriented” and needing each other's help and comfort. Francis...
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FILE - This undated electron microscope image made available by the U.S. National Institutes of Health in February 2020 shows the virus that causes COVID-19. The sample was isolated from a patient in the U.S. Some political leaders are hailing a potential breakthrough in the fight against COVID-19: simple pin-prick blood tests or nasal swabs that can determine within minutes if someone has, or previously had, the virus. But some scientists have challenged their accuracy. (NIAID-RML via AP)
March 27, 2020 - 2:47 pm
MADRID (AP) — Some political leaders are hailing a potential breakthrough in the fight against COVID-19: simple pin-prick blood tests or nasal swabs that can determine within minutes if someone has, or previously had, the virus. The tests could reveal the true extent of the outbreak and help...
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FILE - In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks at a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. The Trump administration will announce Thursday, March 26, 2020, indictments against Maduro and members of his inner circle for effectively converting Venezuela's state into a criminal enterprise at the service of drug traffickers and terrorist groups, according to multiple people familiar with the situation. (AP Photo/Matias Delacroix, File)
March 27, 2020 - 12:06 am
MIAMI (AP) — Venezuelan President Nicolás Maduro stood defiant in the face of a $15 million bounty by the U.S. to face drug trafficking charges, calling Donald Trump a “racist cowboy” and warning that he is ready to fight by whatever means necessary should the U.S. and neighboring Colombia dare to...
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Philadelphia Phillies' Bryce Harper runs to first during a spring training baseball game against the New York Yankees, Monday, March 9, 2020, in Clearwater, Fla. (AP Photo/Carlos Osorio)
March 26, 2020 - 8:47 pm
PHILADELPHIA (AP) — The Bryce Harper jersey that could have been worn this baseball season by the biggest Philadelphia Phillies fan is now a protective mask in the fight against the coronavirus pandemic. Fanatics, the company that manufactures uniforms for Major League Baseball, has suspended...
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FILE - In this Saturday, March 7, 2020, file photo, Utah Jazz center Rudy Gobert (27) talks with guard Donovan Mitchell, left, during the second half of an NBA basketball game against the Detroit Pistons, in Detroit. Both players have tested positive for the coronavirus. Gobert's test result forced the NBA to suspend the season. (AP Photo/Duane Burleson, File)
March 26, 2020 - 8:16 pm
The Latest on the effects of the coronavirus outbreak on sports around the world: ___ Top NBA executives are having their base salaries reduced by 20% for the foreseeable future, a person with knowledge of the details said. The reductions affect the roughly 100 highest-earning executives, as the...
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FILE - In this Friday, March 20, 2020 file photo, customers wait in line at a Stop & Shop supermarket that opened special morning hours to serve people 60-years and older due to coronavirus concerns, in Teaneck, N.J. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Stop & Shop will hire at least 5,000 new associates for regular part-time positions in its stores, distribution centers and delivery operations across New York, New Jersey, Connecticut, Massachusetts and Rhode Island. (AP Photo/John Minchillo, File)
March 26, 2020 - 7:05 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed as it continues to spread across the world. Here is a look at some of the latest developments Thursday related to the global economy, particular economic sectors, and the workplace: JOBS: As the...
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FILE - In this Wednesday, March 25, 2020 file photo, American Airlines jets sit idly at their gates as a jet arrives at Sky Harbor International Airport in Phoenix. The Trump administration is raising the possibility of the U.S. government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter, Thursday, March 26, 2020. (AP Photo/Matt York, File)
March 26, 2020 - 6:51 pm
The Trump administration is raising the possibility of the government getting ownership stakes in U.S. airlines in exchange for $25 billion in direct grants to help the carriers survive a downturn caused by the coronavirus pandemic, according to people familiar with the matter. Details were unclear...
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