BUSINESS – USA DAILY NEWS

US weekly jobless claims seen at record high

Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here.The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy…

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Traders Seek China’s Masks to Help U.S. Hospitals Battle the Coronavirus

SHANGHAI — Million-dollar wire transfers to strangers. Rumors of hidden supplies in forgotten warehouses. Wheeler-dealers trying to talk regulators and customs officials into letting that one precious shipment through.Global desperation to protect front-line medical workers battling the coronavirus epidemic has spurred a mad international scramble for masks and other protective gear. Governments, hospital chains, clinics…

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Xerox ends its hostile takeover bid for HP

Xerox has dropped its bid to merge with HP, citing the current global health crisis related to the COVID-19 coronavirus, Xerox said. The news was previously reported by the Wall Street Journal.  “The current global health crisis and resulting macroeconomic and market turmoil caused by COVID-19 have created an environment that is not conducive to…

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