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Sony's profits dive as stores, cinemas close during pandemic

Sony's profits dive as stores, cinemas close during pandemic

TOKYO — Japanese electronics and entertainment company Sony Corp. reported Wednesday that its quarterly profit tumbled as the coronavirus pandemic delayed music and movie releases and disrupted product supply chains.
Fauci warns: More death, econ damage if US reopens too fast

Fauci warns: More death, econ damage if US reopens too fast

WASHINGTON — The U.S.
Virus consipracy-theory video shows challenges for big tech

Virus consipracy-theory video shows challenges for big tech

CHICAGO — One by one, tech companies across Silicon Valley scrambled to take down a slickly produced video of a discredited researcher peddling a variety of conspiracy theories about the coronavirus. It was all too late.
Boeing goes another month without a single airliner order

Boeing goes another month without a single airliner order

Boeing failed to sell a single commercial airplane but saw orders for 108 planes cancelled in April as a sharp drop in air travel erased any demand among airlines for new jetliners.
Teck CEO defends strategy at mining conference as investors launch criticism

Teck CEO defends strategy at mining conference as investors launch criticism

The CEO of Teck Resources Ltd. defended his company's growth strategy on Tuesday as dissident shareholders criticized what they called "underperforming" investments in coal and oilsands.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,881.16, down 222.06 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 19 cents, or 1.11 per cent, to $16.94 on 28.
'60 Minutes' wins ratings, President Trump's attention

'60 Minutes' wins ratings, President Trump's attention

NEW YORK — “60 Minutes” managed to win the week's ratings competition and attract the attention of President Donald Trump on the same week. With 9.
North American stock markets drop on concerns over economic reopenings

North American stock markets drop on concerns over economic reopenings

TORONTO — North American stock markets lost ground Tuesday on heightened concerns about the pace of economic reopenings during the COVID-19 pandemic. Investor jitters were heightened by U.S. Senate testimony from Dr.
Why prospect of deflation could pose a threat to US economy

Why prospect of deflation could pose a threat to US economy

WASHINGTON — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices.
India's prime minister announces huge virus relief package

India's prime minister announces huge virus relief package

NEW DELHI — Indian Prime Minister Narendra Modi announced Tuesday that the government will spend more than $260 billion, the equivalent of nearly 10% of the country's GDP, on a coronavirus economic relief package designed to make the world's second m