Business

FILE - In this photo made on Wednesday, April 25, 2018, the prices for regular gas and diesel are posted at a Speedway station in Zelienople, Pa. The $21 billion sale of Speedway gas stations buys Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday, Aug. 3, 2020 with a lack of demand for fuel leading to refinery shutdowns. (AP Photo/Keith Srakocic, file)
August 03, 2020 - 1:08 pm
SILVER SPRING, Md. (AP) — The $21 billion sale of Speedway gas stations has bought Marathon Petroleum some breathing room as the global pandemic continues to punish the energy sector. Wall Street focused on the sale to 7-Eleven over the weekend, rather than the huge losses the company posted Monday...
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FILE - In this Wednesday, May 13, 2020 file photo, Ford Motor Co. employees work a ventilator at the Rawsonville plant in Ypsilanti Township, Mich. The plant was converted into a ventilator factory, as hospitals battling the coronavirus report shortages of the life-saving devices. According to the Institute for Supply Management, U.S. manufacturing rebounded in June 2020 as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic. (AP Photo/Carlos Osorio)
August 03, 2020 - 10:42 am
WASHINGTON (AP) — U.S. manufacturing improved again in July with a key gauge of activity rising further into expansion territory. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index rose to 54.2 last month, up from a June reading of...
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Norwegian cruise ship MS Roald Amundsen moored in Tromso, Norway, Monday Aug. 3, 2020. After 40 people, including four passengers and 26 crew members on the Norwegian cruise ship have been tested positive for the coronavirus, the operator says it was stopping for all cruises with its three vessels. The 40 people were admitted to the University Hospital of North Norway in Tromsoe, north of the Arctic Circle,  where the empty ship has docked. (Terje Pedersen/NTB Scanpix via AP)
August 03, 2020 - 10:31 am
COPENHAGEN, Denmark (AP) — A Norwegian cruise ship line halted all trips and apologized Monday for procedural errors after an outbreak of coronavirus on one ship infected at least 5 passengers and 36 crew. Health authorities fear the ship also could have spread the virus to dozens of towns and...
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August 03, 2020 - 9:09 am
KYIV, Ukraine (AP) — Ukrainian police on Monday detained a man who threatened to blow up an explosive device at a bank in the nation's capital. The man, identified as Sukhrob Karimov, a 32-year-old citizen of the Central Asian nation of Uzbekistan, entered a bank office in Kyiv and said he had...
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FILE - Cows on pasture at the University of Vermont dairy farm eat hay in a Thursday, July 23, 2020 file photo, in Burlington, Vt. The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. The dairy industry is reviving the campaign hoping to prolong the U.S. sales boost milk has gotten during the pandemic. (AP Photo/Lisa Rathk, Filee)
August 03, 2020 - 9:08 am
The dairy industry has a familiar question for you: “Got milk?” Six years after the popular tagline was retired, “Got milk?” ads are back. A dairy industry-funded group is reviving the campaign, hoping to prolong the boost milk has gotten during the pandemic. U.S. milk sales have been in freefall...
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August 03, 2020 - 8:25 am
MILAN (AP) — Italian sportscar maker Ferrari lowered its full year earnings guidance on Monday after reporting second-quarter profits were nearly wiped out by temporary halts in production and delivery due to the coronavirus. The automaker reported 9 million euros ($10.5 million) in net profit for...
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August 03, 2020 - 7:43 am
BERLIN (AP) — A German company that specializes in laser communication says it is pulling out of uncompleted deals in China after the German government barred it from delivering hardware to the country. Mynaric said on Friday that it had requested official clearance of a planned export of products...
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A person wearing a face mask is seen in Melbourne, Australia Monday, Aug. 3, 2020. Australia’s hard-hit Victoria state was declared a disaster with sweeping new coronavirus restrictions imposed across Melbourne and elsewhere from Sunday night. (James Ross/AAP Image via AP)
August 03, 2020 - 4:23 am
CANBERRA, Australia (AP) — Victoria state, Australia’s coronavirus hot spot, announced on Monday that businesses will be closed and scaled down in a bid to curb the spread of the virus. Victoria Premier Daniel Andrews said nonessential businesses will close starting late Wednesday in Melbourne,...
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FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)
Associated Press
August 03, 2020 - 4:19 am
NEW YORK (AP) — Lord & Taylor, one of America's oldest department stores, has filed for bankruptcy, joining a growing list of stores slammed by the coronavirus pandemic. Tailored Brands, the parent company of Men's Wearhouse and Jos. A. Banks, filed for bankruptcy as well. Many of the companies...
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People wearing face masks walk by an electronic stock board of a securities firm in Tokyo, Monday, Aug. 3, 2020. Asian shares were mixed on Monday, as investors watched surging numbers of new coronavirus cases in the region, including in Japan. (AP Photo/Koji Sasahara)
August 03, 2020 - 2:22 am
TOKYO (AP) — Asian shares were mixed on Monday as investors eyeballed surging coronavirus cases in the region. U.S. Secretary of State Mike Pompeo's weekend comments that President Donald Trump plans to take action on a what he sees as a broad array of national security risks presented by software...
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