Articles by biztimes
US home prices increase 4% in April
WASHINGTON — U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little impact on real…
Shell takes $22 billion hit on lower oil, gas prices
LONDON — Energy producer Royal Dutch Shell warned today it will slash the value of its assets by $22 billion to account for lower oil…
Fed’s program for loaning to Main Street off to slow start
WASHINGTON — Michael Haith, owner and CEO of a Denver-based restaurant chain called Teriyaki Madness, is in an unusual position for people like him: He’s…
Pandemic delays Yahoo Japan, Line merger past October
TOKYO — Online services Yahoo Japan and Line Corp. said today the fallout from the coronavirus pandemic is causing delays that will push back their…
Scandinavian Airlines gets $1.5 billion to survive crisis
STOCKHOLM — Scandinavian Airlines said today it is getting an aid package worth $1.5 billion after an agreement with its main shareholders, securing the carrier’s…
China factory activity improves in June but exports weak
BEIJING — China’s manufacturing activity improved in June after anti-virus controls were eased to revive the economy but export demand was weak, a survey released…
US pending home sales bounce back huge in May
SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous…
Gilead prices coronavirus drug at $2,340 for rich countries
The maker of a drug shown to shorten recovery time for severely ill COVID-19 patients says it will charge $2,340 for a typical treatment course…
BP sells petrochemicals arm to Ineos for $5 billion
LONDON — Oil and gas company BP has sold its global petrochemicals business to Ineos for $5 billion, part of its plan to shift activities…