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Updated: 4 years 30 weeks ago
Ruth's Chris owner to speed repayment of $20 million federal rescue loan
Ruth's Hospitality Group Inc, owner of the Ruth's Chris Steak House chain of restaurants, on Thursday said it would quickly repay $20 million of federal rescue loans it received to help maintain payroll through the coronavirus crisis, a program aimed at small businesses.
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Congress approves $484 billion coronavirus-relief bill
The U.S. House of Representatives on Thursday passed a $484 billion bill to expand federal loans to small businesses impacted by the coronavirus outbreak and hospitals overwhelmed by patients suffering from COVID-19.
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TD Ameritrade restricts customer trading in crude oil futures: statement
Electronic brokerage TD Ameritrade Holding is restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday, a company official said on Thursday.
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UAW says virus makes early May restart of U.S. auto plants 'too risky'
The head of the United Auto Workers union on Thursday said it was "too soon and too risky" to reopen auto plants and Michigan's economy in early May, citing insufficient scientific data and coronavirus testing to assure workplaces are safe.
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Fed says working to broaden access to 'PPP' facility beyond banks
The Federal Reserve said on Thursday it will "shortly" announce new rules to expand access to a small business lending program beyond banks, so that a broader set of institutions can participate.
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Intel not updating full-year outlook due to 'economic uncertainty'
Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it would not update its full-year forecast because of "significant economic uncertainty" amid the coronavirus pandemic.
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New York survey suggests 2.7 million in state may have coronavirus antibodies
New York Governor Andrew Cuomo said on Thursday a preliminary survey found that nearly 14% tested positive for antibodies against the novel coronavirus, suggesting that as many as 2.7 million New Yorkers may have been infected with the disease.
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Colombia's Avianca says its survival is in doubt due to coronavirus crisis
There is "substantial doubt" about Avianca Holdings' ability to stay in business due to the coronavirus crisis, the Colombian airline reported on Thursday, citing the conclusion of its financial auditors.
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U.S. House looks set to pass $500 billion coronavirus bill and oversight panel
The U.S. House of Representatives looked poised to pass a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
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U.S. House prepares to pass $500 billion coronavirus bill, approves oversight panel
The U.S. House of Representatives was poised on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
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Intel sees lower quarterly profit on weaker global chip demand
Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading.
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Equities barely up oil price rebound, stimulus hopes
Most major stock markets edged up slightly in mixed markets on Thursday as investors weighed a rebound in oil prices and prospects for further government stimulus against stark economic data showing the toll of the coronavirus pandemic.
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U.S. House to pass $500 billion coronavirus bill as next fight looms
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
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Intel forecasts second-quarter profit below estimates
Intel Corp forecast current-quarter profit below analysts' estimates on Thursday, sending its shares down 4% in extended trading.
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S&P 500 slips as Gilead weighs
The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting earlier optimism the impact of the virus on the labor market was nearing an end.
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Tyson to shutter beef facility as workers undergo coronavirus testing
A Tyson Foods Inc unit said on Thursday it will temporarily halt production at a beef facility in Pasco, Washington, adding to the meat processing plant the company has had to shutter as it tests workers for COVID-19.
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Oil rallies on faster output cuts to offset virus-induced falloff in demand
Oil soared on Thursday, extending its rebound after major oil-producing nations said they would accelerate planned production cuts to combat the dramatic slump in demand due to the COVID-19 pandemic.
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New York test of 3,000 people finds 14% with coronavirus antibodies
New York Governor Andrew Cuomo said on Thursday a screening of 3,000 people found nearly 14% tested positive for antibodies for the novel coronavirus, suggesting that 2.7 million residents across the state may have been infected with the disease.
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Toyota to gradually resume North America production starting May 4
Toyota Motor Corp said on Thursday it expects to gradually resume North American production starting May 4 and will impose significant new safety procedures after it halted operations in March because of the coronavirus pandemic.
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Honda extends North America auto production halt through May 8
Honda Motor Co said on Thursday it will extend a shutdown of its North American auto plants by one week through May 8, while also extending unpaid leave for many salaried workers during the coronavirus pandemic.
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