Michaels: Fiscal 2nd quarter earnings snapshot
IRVING, Texas — Michaels Cos. today reported a fiscal second-quarter loss of $7.8 million, after reporting a profit in the same period a year earlier….
AP Wire
EU unveils plan to secure raw materials, cut dependency
BRUSSELS — Worried by an increasing dependency on the raw materials used to make smart phones, televisions and energy-saving lights, the European Union today launched…
Tyson Foods to open medical clinics at US plants
OMAHA, Neb. — Tyson Foods says it is planning to open medical clinics at several of its U.S. plants to improve the health of its…
Fed survey finds widespread pessimism about economic future
WASHINGTON (AP) — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given…
Budget deficit to hit record $3.3T due to virus, recession
WASHINGTON (AP) — The federal budget deficit is projected to hit a record $3.3 trillion as huge government expeditures to fight the coronavirus and to…
Budget deficit to hit record $3.3 trillion due to virus, recession
WASHINGTON — The federal budget deficit is projected to hit a record $3.3 trillion due to COVID-19 costs and the recession, the Congressional Budget Office…
Fed survey finds widespread pessimism about economic future
WASHINGTON — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the…
Macy’s posts $431 million loss as sales drop 36%
NEW YORK (AP) — Macy’s got more people to shop on its website and app, but it wasn’t enough to make up for plummeting sales…
Michael Jordan gets stake in DraftKings for advisory role
SILVER SPRING, Md. — DraftKings shares jumped in midday trading after announcing that basketball legend Michael Jordan would take an ownership stake in the company…
United plans to furlough 16,000 workers, fewer than expected
United Airlines said today it plans to furlough 16,370 employees in October, down from an earlier target of 36,000 after thousands of workers took early…