Business

A man wearing a mask walks by a window display at a J Crew store in Rockefeller Center, Saturday, May 2, 2020, in New York. On April 30, the company announced it would apply for bankruptcy protection amidst the COVID-19 pandemic. (AP Photo/Mark Lennihan)
Associated Press
May 04, 2020 - 11:15 am

J.Crew Files For Chapter 11 As Pandemic Smothers Retail

NEW YORK (AP) — Struggling fashion brand J.Crew has filed for bankruptcy protection, the first major retailer to do so since the coronavirus pandemic forced most stores across the United States to close their doors. More retail bankruptcies are expected in coming weeks, with Neiman Marcus and J.C...
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FILE- In this June 19, 2019 file photo, Amazon founder Jeff Bezos during the JFK Space Summit at the John F. Kennedy Presidential Library in Boston. House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices. In a letter to Bezos, leaders of the House Judiciary Committee are holding out the threat of a subpoena if he doesn't agree voluntarily to appear. (AP Photo/Charles Krupa)
Associated Press
May 01, 2020 - 2:53 pm

House Panel Wants Bezos To Testify In Antitrust Probe

WASHINGTON (AP) — House lawmakers investigating the market dominance of Big Tech are asking Amazon CEO Jeff Bezos to testify to address possible misleading statements by the company on its competition practices. In a letter to Bezos on Friday, leaders of the House Judiciary Committee from both...
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Exterior photo of the MGM Grand Hotel/Casino June 30, 2005 in Las Vegas, Nevada
Ethan Miller/Getty Images
Associated Press
May 01, 2020 - 5:23 am

MGM Earnings Plummet In 1st Quarter

MGM Resorts International (MGM) on Thursday reported first-quarter earnings of $806.9 million.
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This Monday, April 20, 2020 photo, shows the Tyson Fresh Meats beef processing complex in Dakota City, Neb. Tyson announced in a news release Thursday, April 30, 2020, that it would close the Dakota City plant Friday through Monday to perform a deep cleaning of the facility. State health officials have reported hundreds of new coronavirus cases in the county where the plant is located and the county where Sioux City is located. (Tim Hynds/Sioux City Journal via AP)
Associated Press
April 30, 2020 - 2:31 pm

Tyson Temporarily Closes Nebraska Beef Plant For Cleaning

O'FALLON, Mo. (AP) — The world's largest pork producer told a judge in Missouri on Thursday that it was working as quickly as it can to comply with federal guidelines that seek to slow the spread of the coronavirus but that it needs some flexibility in an industry where people typically work side...
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Associated Press
April 30, 2020 - 5:10 am

Nevada Casinos Report Almost 40% Drop In Winnings In March

Mid-March casino closures in Nevada due to the coronavirus outbreak had a predictable effect, halting a streak of three $1 billion months in house winnings and costing the state half its usual amount of gambling taxes, regulators reported Wednesday.
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Mohammad Ikram closes a large door to his business Hot Stop, fully stocked but closed during the coronavirus pandemic, on the boardwalk in Atlantic City, N.J., Tuesday, April 28, 2020. (AP Photo/Matt Rourke)
Associated Press
April 29, 2020 - 10:30 am

US Economy Shrank At 4.8% Rate Last Quarter As Virus Struck

WASHINGTON (AP) — Devastated by the coronavirus, the U.S. economy is sinking. And the plunge is accelerating. Now, as some businesses in a few states start to trickle back to work, hopes are beginning to arise that the economy, damaged as it is, might be poised to rebound by the second half of the...
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Casino Floor
Boyd Gaming Corporation
Associated Press
April 29, 2020 - 5:30 am

Boyd Gaming Revenue Falls Almost 20%

Boyd Gaming Corp. on Tuesday reported a first-quarter loss of $18.3 million, after reporting a profit in the same period a year earlier.
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A lone shopping cart sits in an empty parking lot Friday, April 24, 2020, outside closed businesses in Phoenix. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed and retail stores may have been changed forever by the outbreak. (AP Photo/Matt York)
Associated Press
April 28, 2020 - 7:37 am

Consumer Confidence Plunges In April As Millions Lose Jobs

WASHINGTON (AP) — U.S. consumer confidence plunged in April as millions lost their jobs, with an index that monitors attitudes about current business and work conditions dropping by the largest amount on record. The Conference Board said Tuesday that its confidence index tumbled to a reading of 86...
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Southwest Airlines airplanes sit parked Tuesday, April 7, 2020, at Paine Field airport in Everett, Wash. A steep decline in travel due to the outbreak of the coronavirus has pushed airlines to cancel flights, run fewer planes and seek government aid. (AP Photo/Ted S. Warren)
Associated Press
April 28, 2020 - 6:04 am

Southwest Posts 1st Quarterly Loss In Almost A Decade

DALLAS (AP) — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up. The airline said trip cancellations have pulled back from a peak in March but remain at levels that...
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FILE - In this April 22, 2020, file photo, President Donald Trump listens during a briefing about the coronavirus in the James Brady Press Briefing Room of the White House, in Washington. After two months of frantic response to the coronavirus pandemic, the White House is planning to shift President Trump’s public focus to the burgeoning efforts aimed at easing the economic devastation. (AP Photo/Alex Brandon, File)
Associated Press
April 28, 2020 - 1:41 am

CDC Compiles New Guidelines To Help Organizations Reopen

WASHINGTON (AP) — Businesses should close break rooms. Restaurants should consider disposable menus and plates. Schools should have students eat lunch in their classrooms. These are some of the recommendations offered in new federal plans designed to help restaurants, schools, churches and...
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