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Tag Archives: coronavirus business impact

J&J slashes outlook, races to develop coronavirus vaccine

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and also cut its profit expectations. It’s one of the first major U.S. corporations to report first-quarter earnings and likely a ...

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Restaurants, trying to stay afloat, revamp menus, operations

In the battle to keep their New York City restaurant going despite sharp restrictions during the coronavirus outbreak, the owners of Il Posto Accanto tried something Beatrice Tosti di Valminuta would have considered sacrilege in normal times. That was offering ...

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Trump calls himself ‘wartime president’ as he battles virus

President Donald Trump departs after a press briefing with the coronavirus task force, at the White House on Wednesday in Washington, with Veterans Affairs Secretary Robert Wilkie, Administrator of the Centers for Medicare and Medicaid Services Seema Verma and Dr. Deborah Birx, White House coronavirus response coordinator. AP Photo by Evan Vucci

Describing himself as a “wartime president” fighting an invisible enemy, President Donald Trump invoked rarely used emergency powers to marshal critical medical supplies against the coronavirus pandemic. Trump also signed an aid package — which the Senate approved earlier Wednesday ...

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As virus seizes markets, it’s no longer business as usual

Global markets and businesses big and small opened the week to a landscape seemingly altered by the coronavirus pandemic. A host of retail chains have shut their doors or diminished hours of business. Banks are taking steps to keep cash ...

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