Insurer Anthem’s second-quarter profit swells, helped by drop in claims
INDIANAPOLIS — Anthem’s second-quarter profit doubled to nearly $2.3 billion, as a pandemic-induced drop in claims and a new business pushed the Blue Cross-Blue Shield…
AP Wire
Plant closings send GM to loss, but signs of improvement
DETROIT — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost…
Troubles abound, Boeing losses bloom to $2.4 billion in 2nd quarter
Boeing is reporting a $2.4 billion loss for the second quarter due to the grounding of its 737 Max jet and the coronavirus pandemic, which…
Fed wrestles with its next moves as virus stalls US economy
WASHINGTON — Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when the raging…
Report: U.S. home prices rose 3.7% in May
WASHINGTON — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic…
Drivers hold onto cars in pandemic; average age hits record
Drivers are holding on to cars and trucks longer during the coronavirus pandemic. The average age of a vehicle on U.S. roads rose by a…
Sherwin-Williams: 2nd quarter earnings snapshot
CLEVELAND — Sherwin-Williams Co. today reported second-quarter net income of $595.9 million. On a per-share basis, the company said it had profit of $6.48. Earnings,…
Pfizer sales take a hit during pandemic
Pfizer reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines. Pfizer…
Cosmetology students, hairstylists describe a race divide
NEW YORK — After repeatedly being denied service by high-end salons because her hair was perceived as “too difficult” to style, Kanessa Alexander took an…
McDonald’s facing bumpy recovery, sales down 30%
Business did improve for McDonald’s throughout the second quarter as restrictions lifted across the globe, but the fast food giant faces a bumpy — and…