Target, Walmart outbox department stores in reshaped world

Target, Walmart outbox department stores in reshaped world

NEW YORK (AP) — The future of the post-pandemic retail economy in the U.S. looks both boxy and digital.The pandemic is dividing the industry into potential winners and losers, with Wall Street looking more favorably at e-commerce retailers and companies with...
41 million jobs lost; homebound gear up to get out, way out

41 million jobs lost; homebound gear up to get out, way out

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Thursday related to the national and global response, the work place and the spread of the virus.________________________IMMOBILIZED: Job cuts...
Virginia lags in implementing extended unemployment benefits

Virginia lags in implementing extended unemployment benefits

RICHMOND, Va. (AP) — When registered nurse Amanda Marsh lost her job working from her Virginia home as a health plan medical reviewer late last year, unemployment benefits helped support her family while she looked for work. Those ran out in March, so when she found...
US economy shrank at 5% annual rate in Q1

US economy shrank at 5% annual rate in Q1

WASHINGTON (AP) — The U.S. economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter.The Commerce Department reported Thursday that...
Simon & Schuster names Jonathan Karp as new CEO

Simon & Schuster names Jonathan Karp as new CEO

NEW YORK (AP) — Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster. He replaces Carolyn Reidy, who died two weeks ago.Karp, who joined the company in 2010, most recently...
CVS Health tests self-driving vehicle prescription delivery

CVS Health tests self-driving vehicle prescription delivery

CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month.The drugstore chain said Thursday that it will partner with the Silicon Valley robotics company Nuro to deliver medicines and other products to customers near a...