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.
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.
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.
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.
Organic food growers see surge in demand during pandemic
Demand for organic produce and eggs has strengthened during the COVID-19 pandemic that causes worker absences and minor supply chain disruptions, growers and industry representatives said.
Treasury doles out another $9.5B to U.S. airlines for payroll aid
The U.S. Treasury said Saturday it disbursed an additional $9.5 billion in aid to airlines, bringing the total stimulus to the industry to $12.4 billion during a slowing demand for travel.
U.S.-Mexico-Canada trade agreement to take effect July 1
The Trump administration announced Saturday that the reworked trade agreement with Mexico and Canada will take effect July 1.
160,000 Nintendo accounts breached
Hackers have breached 160,000 Nintendo accounts since the beginning of April, the gaming company revealed Friday.
Facebook introduces video calling service
Facebook on Friday introduced a new video call system that will allow users and non-users alike to take part in group video chats with up to 50 people.
Markets rally Friday but fail to make up lost ground for the week
The Dow Jones Industrial Average jumped 260 points Friday in an attempt to cut its overall losses for the week as oil futures inched higher.
USDA to buy $3 billion worth of food from farmers for those in need
A new federal program will buy $3 billion in food this year from American farmers who lost their markets to coronavirus-driven restrictions and distribute it to people who, for the same reason, are struggling financially.
Chipotle agrees to record $25M fine over tainted food
Chipotle Mexican Grill has agreed to pay a $25 million fine to resolve criminal charges accusing the fast-food chain of serving food that sickened more than 1,100 people in the country between 2015 and 2018.
Facebook invests $5.7B into Indian tech company
Facebook has announced that it is investing $5.7 billion into Jio Platforms, an Indian technology company.