The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid
AP: Catholic Church lobbied for taxpayer funds, got $1.4B
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Wall Street opens mixed on infection increase, economic data
Wall Street is mixed at the open as investors weigh a rise in coronavirus cases in the United States against upbeat economic data in Europe
AP: After lobbying, Catholic Church won $1.4B in virus aid
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid
Stocks slink back as virus outbreaks dim recovery hopes
U.S. stocks are dipping modestly in early trading Tuesday as expanding coronavirus outbreaks dim hopes for a speedy recovery
Ford revives Bronco brand, aims at Jeep’s big off-road sales
Ford is reviving the Bronco SUV brand in an effort to cash in on the rugged U.S. off-road vehicle market now owned by Jeep
Mercedes to recall 660,000 vehicles in China for oil leak
Mercedes-Benz will recall more than 660,000 vehicles in China later this year for a possible oil leak
Lucky Brand files for bankruptcy, has offer to sell company
Blue jeans retailer blames its troubles partly on the coronavirus.
`Huge bummer’: July Fourth will test Americans’ discipline
The U.S. is heading into the Fourth of July weekend with many parades and fireworks displays canceled, beaches and bars closed, and health authorities warning that this will be a crucial test of Americans’ self-control
Second wave of virus closures wallops California restaurants
California restaurants are paying a heavy price during the coronavirus pandemic as indoor dining has been shut down for the second time across much of the state
Virus-hammered Air France discussing thousands of job cuts
Air France and regional subsidiary Hop have announced 7,500 job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel
Ukraine’s parliament accepts chief banker’s resignation
Ukraine’s parliament has accepted the resignation of the country’s top banker, who has stepped down citing political pressure
US GDP fell at 5.0% rate in Q1; worse is likely on the way
The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic
Applications for jobless aid fall to still-high 1.48 million
The number of laid-off workers who applied for unemployment benefits fell to 1.48 million last week, the 12th straight drop and a sign that layoffs are slowing but are still at a painfully high level
Businesses in survival mode raise cash; commodities take off
There are signs of life across numerous sectors of the economy, but a full recovery is nowhere in site
Mining company Glencore discloses investigation by Swiss AG
Mining and commodities marketing company Glencore says it has been informed that it is under criminal investigation by Switzerland’s attorney general in connection with alleged corruption in Congo
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