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Business Briefs

Intel suspends stock buybacks due to coronavirus

March 25, 2020, 6:01am Business

Intel took its first public steps to reposition its business for the coronavirus outbreak Tuesday, suspending stock buybacks indefinitely. Read story

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris & Sam's Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker's order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus.

Airlines cut routes, lay off workers in travel downturn

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris & Sam's Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker's order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus.

March 24, 2020, 6:03am Business

Airlines can't seem to cut capacity as fast as air travel is fading as businesses and vacationers pull back on plans. Read story

Some companies increase hiring to meet demand

March 24, 2020, 6:01am Business

The spread of the coronavirus has created a massive disruption in the work place, with many companies sending workers home. Read story

Netflix establishes $100M relief fund

March 21, 2020, 6:03am Business

LOS ANGELES -- Netflix said Friday it is establishing a $100 million relief fund for workers in the worldwide creative community affected by the coronavirus-caused halt of most film and television production. Read story

Home sales jump to 13-year high in February

March 21, 2020, 6:01am Business

WASHINGTON -- U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak. Read story

Skamania Lodge closes for 2 months

March 20, 2020, 4:11pm Business

Skamania Lodge has announced that it will close starting on Sunday and continuing through May 30, citing the ongoing COVID-19 outbreak. Read story

Mortgage rates climb; 30-year loan at 3.65%

March 20, 2020, 6:03am Business

WASHINGTON -- U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Read story

Biotech company, CytoDyn, which is headquartered at 1111 Main Street, pictured, say they're about to start testing a coronavirus treatment drug, as seen Monday afternoon, March 16, 2020.

CytoDyn begins testing COVID-19 treatment

Biotech company, CytoDyn, which is headquartered at 1111 Main Street, pictured, say they're about to start testing a coronavirus treatment drug, as seen Monday afternoon, March 16, 2020.

March 20, 2020, 6:02am Business

Vancouver-based biotechnology company CytoDyn announced Thursday that it received authorization from the U.S. Food and Drug Administration to begin testing medication on two COVID-19 patients. Read story

Job openings jumped in January, before outbreak

March 18, 2020, 6:49pm Business Briefs

WASHINGTON -- U.S. employers sharply increased the number of jobs they advertised in January, a sign the job market and economy were in mostly solid shape before the virus outbreak hit. Read story

Volvo recalls vehicles to fix automatic braking flaw

March 18, 2020, 6:47pm Business Briefs

DETROIT -- Volvo is recalling more than 736,000 vehicles worldwide because the automatic emergency braking system may not detect obstacles and stop the vehicles as designed. Read story