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Business

Hope takes the reins on Wall Street, stocks rally worldwide

NEW YORK (AP) — In Wall Street’s tug of war between hope and pessimism about the coronavirus pandemic, hope is fighting back. U.S. stocks joined a worldwide rally Friday and closed out their first back-to-back weekly gain since the market began selling off two months ago. The S&P 500 ...

UK boosts help for abuse victims during virus lockdown

LONDON (AP) — The British government on Saturday launched a campaign to help domestic violence victims during the coronavirus lockdown following an increase in the number seeking assistance, while figures showed that the number of people in the U.K. dying after testing positive for COVID-19 ...

Drums, dancers livestream as virus moves powwows online

FLAGSTAFF, Ariz. (AP) — The names pop up quickly on Whitney Rencountre’s computer screen, and he greets them as he would in person. What’s up, y’all? Shout out to you. How’s it going? Ya’at’eeh. Good to see you, relatives. He spots someone from the Menominee Nation, a Wisconsin ...

IMF sees worst downturn since Great Depression

WASHINGTON (AP) — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world’s poorest countries suffering the most, the head of the International Monetary Fund said Thursday. “We anticipate the worst economic fallout ...

Smithfield temporarily shuts pork plant due to coronavirus

SIOUX FALLS, S.D. (AP) — A Smithfield Foods pork processing plant in South Dakota will temporarily close for cleaning after more than 80 employees were confirmed to have the coronavirus, the company announced Thursday. Smithfield Foods plans to suspend operations in a large section of the ...

State unemployment systems tested by surge of applicants

Americans are seeking unemployment benefits at unprecedented levels due to the coronavirus, but many are finding more frustration than relief. State websites and phone lines across the country have been overwhelmed with applicants — causing sites to crash, phone lines to ring busy and ...

Mormons start crowd-less conference due to pandemic

SALT LAKE CITY (AP) — Leaders from The Church of Jesus Christ of Latter-day Saints sat 6 feet apart inside an empty room as the faith carried out its signature conference by adhering to social distancing guidelines that offered a stark reminder of how the global coronavirus pandemic is ...

Stimulus aid for ‘small business’ will go to some big chains

IOWA CITY, Iowa (AP) — As the federal government prepares to launch a $349 billion loan program meant to help small businesses survive the coronavirus pandemic, critics have growing concerns that some mom-and-pop shops might get squeezed out. The Paycheck Protection Program — part of the ...

Wall Street rises for first time in three days as oil spurts

NEW YORK (AP) — Wall Street rallied Thursday for its first gain in three days after a sudden surge in oil prices revived beaten-down energy stocks. But, as has so often been the case in this year’s market sell-off, it took a few U-turns to get there. The price of crude spurted as much as ...

Gun background checks smash records amid coronavirus fears

Background checks required to buy firearms have spiked to record numbers in the past month, fueled by a run on guns from Americans panicked about their safety during the coronavirus crisis. According to figures from the FBI, there were 3.7 million background checks done in March — the most ...

Some employers to laid-off staffers: Let’s stay in touch

As millions of job cuts tear through the U.S. economy, a faint glimmer of light has emerged: Some employers are trying to maintain ties to the staffers they’re letting go so they can more quickly rehire them once the viral outbreak has passed. Several large retail chains are furloughing ...

Homer Laughlin China Co. selling dinnerware line

NEWELL — The Homer Laughlin China Co. has a new name and a new focus. Company President Elizabeth McIlvain detailed the transaction in a letter that was distributed to factory employees, as operations currently didn’t allow her to share the news with them personally due to coronavirus ...

Animal Hospitals, pet stores allowed to remain open

WHEELING — As many people are spending more time bonding with their pets at home in the wake of the coronavirus outbreak, animal hospitals and pet supply stores are permitted to remain open to help us take care of our furry companions. Stay-at-home orders in effect in both West Virginia and ...

Internet firm restricts virus-themed website registrations

BOSTON (AP) — An internet firm is ending the automated registration of website names that include words or phrases related to the COVID-19 pandemic, an attempt to combat coronavirus-related fraud. Los Angeles-based Namecheap Inc. made the pledge after a federal judge in Texas ordered the ...

Groceries stores installing barriers

QUINCY, Mass. (AP) — Grocery stores across the U.S. are installing protective plastic shields at checkouts to help keep cashiers and shoppers from infecting one another with the coronavirus. At a Stop & Shop supermarket Thursday in Quincy, just south of Boston, shoppers paid for and ...

Judge orders environmental review of Dakota Access pipeline

FARGO, N.D. (AP) — A federal judge on Wednesday ordered the U.S. Army Corps of Engineers to conduct a full environmental review of the Dakota Access pipeline, nearly three years after it began carrying oil despite protests by people who gathered in North Dakota for more than a year. U.S. ...

Drugmaker backpedals on specialty status for COVID-19 drug

WASHINGTON (AP) — Facing public criticism, the maker of a promising coronavirus drug said Wednesday it will waive a special regulatory designation that could have allowed it to block competition and boost profits for its treatment. Gilead Sciences said it will ask U.S. regulators to revoke ...

Medical glove factories cutting staff by 50 percent

Malaysia’s medical glove factories, which make most of the world’s critical hand protection, are operating at half capacity just when they’re most needed, The Associated Press has learned. Health care workers snap gloves on as the first line of protection against catching COVID-19 from ...

Libya says oil shutdown losses exceed $3.5 billion

CAIRO (AP) — Libya’s oil company says economic fallout from a protracted blockade of its vital oil facilities has resulted in losses surpassing $3.5 billion at a time when the war-torn country i struggling to prevent the new coronavirus. The National Oil Corporation, which dominates ...

Census faces challenges as it aims to hire up to 500,000

ORLANDO, Fla. (AP) — The U.S. Census Bureau said it has reached its goal of recruiting more than 2.6 million applicants for the once-a-decade head count that launched for most of America this week — but it has been a bumpy road getting there. The nation’s abundance of jobs has ...