Record surge in daily shipping volumes for UPS in 2nd quarter
The pandemic-fueled boom in online shopping shows no signs of slowing down, providing more business for delivery companies like United Parcel Service Inc. UPS said…
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Pfizer executive targets end of year for COVID-19 vaccine
ANDOVER, Mass. — An executive at a Massachusetts facility helping create a potential vaccine for the coronavirus said today that the company hopes to have…
AstraZeneca: won’t profit from COVID-19 vaccine in pandemic
LONDON — Pharmaceutical company AstraZeneca repeated its promise not to profit from a COVID-19 vaccine during the pandemic as it reported it was on track…
Women embrace #challengeaccepted, but some ask: To what end?
CHICAGO — “Challenge accepted,” they wrote — female Instagram users across the United States, flooding the photo-sharing app with black-and-white images. Together they formed a…
Grubhub sees orders jump but swings to 2nd quarter loss
Grubhub’s average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it…
US economy shrank at record-breaking 33% rate last quarter
WASHINGTON — The U.S. economy shrank at a dizzying 32.9% annual rate in the April-June quarter — by far the worst quarterly plunge ever —…
1.4 million seek jobless aid as virus surges in South, West
WASHINGTON — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on…
Tyson Foods to increase virus testing in U.S. meat plants
Tyson Foods says it plans to administer thousands of coronavirus tests per week at its U.S. facilities under an expanded effort to protect workers and…
German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT, Germany — Germany’s economy, Europe’s largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% percent during the April-June period from the…
Fed sees dim economic outlook as virus squeezes economy
WASHINGTON — The Federal Reserve is expressing concern that the viral outbreak will act as a drag on the economy and hiring in coming months…