Even partial view of economic damage from virus is massive

Even partial view of economic damage from virus is massive

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus.________________________GOVERNMENT & CENTRAL BANKS:...
Astronomer files trademark lawsuit against American Girl

Astronomer files trademark lawsuit against American Girl

MADISON, Wis. (AP) — An astronomer in Chicago has sued the maker of American Girl dolls, alleging the Wisconsin company stole her likeness and name to create its astronaut doll. The federal trademark lawsuit filed in Madison this week by Lucianne Walkowicz asks...

US factory orders plunge 14.4% as economy grinds to halt

WASHINGTON (AP) — Orders for big-ticket manufactured goods plunged 14.4% in March, the second-biggest decline on record. The worse-than-expected slide underscored the severity of the economic impact from the pandemic. New orders for commercial airlines actually went...
Wall Street ends manic week with a gain, led by tech stocks

Wall Street ends manic week with a gain, led by tech stocks

NEW YORK (AP) — In a manic week full of previously unthinkable market moves, Wall Street ended Friday with one reminiscent of what things were like before the coronavirus outbreak upended everything. The S&P 500 glided to a gain of 1.4%, with Apple, Microsoft and...
Union Pacific predicts 25% drop in volume because of virus

Union Pacific predicts 25% drop in volume because of virus

OMAHA, Neb. (AP) — Union Pacific’s first-quarter profit improved 6%, but the railroad expects shipping volume to plummet 25% in the second quarter because of the ongoing coronavirus outbreak.The railroad said Thursday it earned $1.47 billion, or $2.15 per share,...
Virus outbreak delays US government review of e-cigarettes

Virus outbreak delays US government review of e-cigarettes

WASHINGTON (AP) — Electronic cigarette companies will have four additional months to submit their products for government review because of delays tied to the coronavirus outbreak.The Food and Drug Administration said Thursday that a federal court accepted its request...