Corporate news

FILE - In a Friday, April 24, 2020 file photo, Alexis Garrod, CrossFit Potrero Hill partner and head coach, cleans off weight training equipment in an empty gym, which closed for shelter in place orders over COVID-19 concerns, in San Francisco. Reebok says it has cut ties with CrossFit chief executive and founder invoked George Floyd’s name in a Twitter post chastising a health group for saying that racism was a public health problem. (AP Photo/Jeff Chiu, File)
June 10, 2020 - 2:05 pm
The founder and CEO of CrossFit is stepping down after his tweet about George Floyd sparked a social media backlash and a wave of affiliated gyms cut ties with the company. Reebok also dropped its affiliation with CrossFit this week. Greg Glassman wrote on CrossFit's website late Tuesday that he...
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FILE - In this May 21, 2020 file photo, patrons to a Starbucks in the Chicago neighborhood of Hyde Park walk past stacked chairs and tables. Starbucks says that the COVID-19 pandemic caused an approximately $3 billion to $3.2 billion decline in its third-quarter consolidated revenue. The coffee chain said Wednesday, June 10, that the virus outbreak also lowered operating income by about $2 billion to $2.2. billion. (AP Photo/Charles Rex Arbogast)
June 10, 2020 - 11:48 am
Starbucks expects to lose more than $3 billion in revenue in its fiscal third quarter due to the new coronavirus, but said the disruption to its business should subside through the rest of the year. “The Starbucks brand is resilient, customer affinity is strong and we believe the most difficult...
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FILE - In this Aug. 11, 2019, file photo, a man uses a cell phone in New Orleans. The U.S. communications regulator on Tuesday, June 9, 2020, proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers. (AP Photo/Jenny Kane, File)
June 09, 2020 - 8:43 pm
The U.S. communications regulator on Tuesday proposed a $225 million fine, its largest ever, against two health insurance telemarketers for spamming people with 1 billion robocalls using fake phone numbers. The Federal Communications Commission said John Spiller and Jakob Mears made the calls...
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A man wearing a face mask to curb the spread of the coronavirus carries a take away order of food along a popular retail street in Beijing on Tuesday, June 9, 2020. (AP Photo/Ng Han Guan)
June 09, 2020 - 7:48 pm
BEIJING — With much of the country re-opened under safety measures, China has announced three new confirmed cases of coronavirus, all brought from outside the country. No new deaths were reported Wednesday and just 55 people remain in treatment for COVID-19, while another 157 were being monitored...
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FILE - In this file photo dated Sunday, June 7, 2020, a long row of unsold cars at a Honda dealership in Highlands Ranch, USA. Japanese carmaker Honda says in a statement released Tuesday June 9, 2020, it has been hit by a cyber attack on the Honda network, although the company says there was no information breach. (AP Photo/David Zalubowski, FILE)
June 09, 2020 - 10:34 am
LONDON (AP) — Japanese carmaker Honda said Tuesday that it has been hit by a cyberattack that disrupted its business in several countries, though it expects the overall impact to be contained. The company said in a statement that "a cyberattack has taken place on the Honda network.'' It said there...
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FILE - In this June 18, 2019 file photo, an Airbus A330 performs a demonstration flight at Paris Air Show, in Le Bourget, north east of Paris. France's government has announced 15 billion euros ($16.9 billion) in aid for the virus-battered aerospace industry, including plane maker Airbus and national airline Air France. (AP Photo/ Francois Mori, File)
June 09, 2020 - 10:02 am
PARIS (AP) — France’s government is pumping 15 billion euros ($16.9 billion) in rescue money into the pandemic-battered aerospace industry, in hopes of saving its hundreds of thousands of jobs and keeping plane maker Airbus and national airline Air France globally competitive. In exchange for aid,...
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FILE - In this March 6, 2020, file photo, Cathay Pacific Airways aircraft line up on the tarmac at the Hong Kong International Airport. Financially battered Hong Kong airline Cathay Pacific Airways says it is proposing the government help fund a $5 billion recapitalization plan to help it recover from the coronavirus pandemic. (AP Photo/Kin Cheung)
June 09, 2020 - 6:35 am
HONG KONG (AP) — Financially battered Hong Kong airline Cathay Pacific Airways has become the latest airline to resort to government support to survive the coronavirus pandemic. The Hong Kong government on Tuesday approved a 39 billion Hong Kong dollar ($5 billion) recapitalization plan that calls...
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In this photo released by Xinhua News Agency, workers unload donations from Jack Ma Foundation and Alibaba Foundation at the Blaise Diagne International Airport in Dakar, Senegal, on Saturday, March 28, 2020. As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving ventilators, masks and other supplies in Africa, Latin America and Asia.(Eddy Peters/Xinhua via AP)
June 09, 2020 - 5:41 am
BEIJING (AP) — As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving...
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An Indian priest sanitizes the idol of Lord Shiva and Godess Parvati at a temple, in Prayagraj, India, Monday, June 8, 2020. Religious places, malls, hotels and restaurants open Monday after more than two months of lockdown as a precaution against coronavirus. (AP Photo/Rajesh Kumar Singh)
June 08, 2020 - 4:35 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ SALES REPORT: The pandemic has affected companies in...
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Pedestrians wear face coverings and protective masks as they cross Mains street, Monday, June 8, 2020, in the Flushing section of the Queens borough of New York. After three bleak months, New York City will try to turn a page when it begins reopening Monday after getting hit first by the coronavirus, then an outpouring of rage over racism and police brutality. (AP Photo/Frank Franklin II)
June 08, 2020 - 3:32 pm
NEW YORK (AP) — After three gloomy months and 21,000 deaths that made it the nation's most lethal hot spot, New York City slowly began reopening Monday in the biggest test yet of Americans' ability to keep the coronavirus in check. Stores previously deemed nonessential were cleared to reopen for...
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