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Textron nabs $20.7M contract modification for Navy drone program

AAI Corp., doing business as Textron Systems, was awarded a $20.7 million contract modification Friday for work on the Navy's Unmanned Influence Sweep System and Unmanned Surface Vehicle program.

4.1 million U.S. homeowners past due on their mortgage, data show

More than 4 million American homeowners are past due on their mortgage, a figure that's been fueled by the coronavirus pandemic, industry data showed Friday.

High-end retailer Neiman Marcus files for bankruptcy

Luxury retailer Neiman Marcus announced Thursday it has filed for bankruptcy, citing sizable debts and fallout from the coronavirus pandemic.

U.S. stocks rise; Nasdaq erases all losses from COVID-19 crisis

After a weeks-long slump, oil prices rose on Thursday to move toward a historic finish for the week -- and also helped U.S. stocks take off after the opening bell.

Sinclair agrees to pay $48M civil penalty to settle FCC probe into Tribune deal

Sinclair Broadcast Group agreed Wednesday to pay a record $48 million civil penalty to settle multiple Federal Communication Commission investigations.

Officials: New unemployment claims down; rate still 701% of average for 2019

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The number of new unemployment claims filed April 26 through May 2 was down 23% from the week prior, but was still 701% of the average weekly claims filed in 2019.

Lawmakers question airline executives on use of government loans

Lawmakers on Wednesday rebuked airline executives for poor treatment of customers and employees as they have received billions of dollars in federal coronavirus relief.

Fashion Place Mall reopens, City Creek Center to open Wednesday

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Fashion Place Mall in Murray has reopened with some restrictions, and City Creek Center will be following suit Wednesday.  

Meat shortage: Costco, Kroger, others limit fresh meat purchases at stores

Panic shopping and shutdowns at meat production plants are prompting major grocery chains to limit the number of fresh meat products customers can buy during the coronavirus pandemic.
National Economic Council Director Larry Kudlow said Sunday the Trump administration is waiting to execute the current round of funding for small business loans under the Paycheck Protection Program before deciding on a third round of funding. Photo by Stefani Reynolds/UPI

Kudlow: ‘Pause period’ on third round of business loans

National Economic Council Director Larry Kudlow said Sunday that more loans for small businesses affected by the COVID-19 pandemic may be needed but the Trump administration has not yet decided whether to provide a third round of funding.

Berkshire Hathaway posts nearly $50B loss after COVID-19

Billionaire Warren Buffett's company Berkshire Hathaway posted a nearly $50 billion net loss in the first quarter of 2020 thanks to plummeting markets during the coronavirus crisis, a regulatory filing Saturday indicates.
Mitt Romney

Mitt Romney proposes hazard pay for workers facing COVID-19 threat; would boost wages up...

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U.S. Senator Mitt Romney (R) - Utah, says essential workers who face a direct threat of being infected with COVID-19 should receive a hazard pay increase of up to $12 an hour.

U.S. stocks lose ground to begin May after record April

U.S. stocks continued a slide on Wall Street on Friday to begin the month of May after officially closing out their best month in 33 years.

Dow, S&P close down 1 percent, still report best month since 1987

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U.S. stocks closed Thursday with shallow losses a day after the blue chip bellwether index climbed by more than 500 points.