New home sales plunge 15.4% in March as virus hits

New home sales plunge 15.4% in March as virus hits

Apr 23, 2020 | Finance

WASHINGTON (AP) — U.S. new home sales plunged 15.4% in March as a winding down in the middle of the month due to the coronavirus began to rattle the housing market.The Commerce Department reported Thursday that sales of new single-family homes dropped to a seasonally...

European economies on course for unprecedented recessions

Apr 23, 2020 | Finance

LONDON (AP) — Europe’s economies are heading for unprecedented recessions as a result of the lockdown measures put in place by governments to get a grip on the coronavirus pandemic, closely watched surveys indicated Thursday.The scale of the decline in business...
CSX 1Q profit drops 8%, railroad withdraws outlook for year

CSX 1Q profit drops 8%, railroad withdraws outlook for year

Apr 22, 2020 | Finance

OMAHA, Neb. (AP) — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak.The Jacksonville, Florida- based company said it...
Hot Pockets heir seeks to avoid prison time, citing virus

Hot Pockets heir seeks to avoid prison time, citing virus

Apr 22, 2020 | Finance

An heir to the Hot Pockets fortune who was sentenced to five months in prison in the college admissions bribery scheme asked a judge Wednesday to allow her to serve her punishment at home because of the coronavirus pandemic. Lawyers for Michelle Janavs, who is...
Think things are bad for airlines? It’s about to get worse

Think things are bad for airlines? It’s about to get worse

Apr 22, 2020 | Finance

The biggest and most profitable U.S. airline just posted its first quarterly loss in more than five years. Now things are going to get really bad.Delta Air Lines Inc. reported Wednesday that it lost $534 million in the first three months of the year, when it suffered...