Business News

US stock markets continue to plunge over coronavirus uncertainty

D-Keine/iStock(NEW YORK) — The Dow Jones Industrial Average plummeted more than 350 points during a volatile trading day on Friday, as financial markets continue to dive on uncertainty over the spread of the novel coronavirus.The Dow suffered its worst week since the financial crash of 2008.The Dow was down by 1.37% at closing. The S&P…

How food and beverage companies are handling coronavirus

Andrei Stanescu/iStock(NEW YORK) — Food and beverage companies have not been immune to the economic impact of the coronavirus emergency.As volatile stock markets and a growing list of businesses report financial insecurities and losses, big-name food suppliers have also shared news of potential hiccups in manufacturing, production and distribution.From factory employees being asked to stay…

Coronavirus is shaking up global business — should brides-to-be worry?

Eva-Katalin/iStock(NEW YORK) — With wedding season right around the corner and brides getting their big day dress selections in order, many are worried if the coronavirus may hold up their gowns.The outbreak has created a global health emergency that has also begun to take a toll on many businesses, and retail industries are not exempt.Eighty…

Catholic Diocese of Buffalo declares bankruptcy, looks to settle almost 250 child sex abuse lawsuits

FuzzMartin/iStock(BUFFALO, N.Y.) — The Catholic Diocese of Buffalo declared bankruptcy as it looks to settle over 250 lawsuits filed under the state’s modified Child Victims Act law.”We have no more urgent work than to bring about justice and healing for those harmed by the scourge of sexual abuse,” said Bishop Edward B. Scharfenberger, the apostolic…

Dow Jones plunges as financial crisis over coronavirus continues

narvikk/iStock(NEW YORK) — The Dow Jones Industrial Average dropped more than 500 points on Friday, as financial markets continue to plummet on uncertainty over the spread of the novel coronavirus. The Dow suffered its worst week since the financial crash of 2008.The S&P 500 and Nasdaq similarly declined Friday, both opening down by nearly 2%.The…

How coronavirus has upended the travel industry

Mimadeo/iStock(NEW YORK) — The novel coronavirus outbreak has already upended an entire industry, resulting in canceled flights, resorts on lockdown, and a deadly cruise ship quarantine. With the world bracing for a pandemic, experts say the travel sector should prepare for even more uncertainty ahead.The outbreak is expected to cost the airline industry alone nearly…

What you need to know about New York’s ban on plastic bags

Mercedes Rancaño Otero/iStock(NEW YORK) — Plastic shopping bags are going the way of the dodo in New York.The state’s ban on plastic bags, adopted last year by the Legislature, goes into effect March 1 and will impact things like groceries and department stores. New York joins California, Oregon and several cities including Boston and Seattle…

Dow Jones plummets more than 1,000 points amid coronavirus uncertainty

D-Keine/iStock(NEW YORK) — The Dow Jones Industrial Average plummeted 1,190 points Thursday, or more than 4%, as economic uncertainty over the spread of the novel coronavirus continued to rattle markets.The losses mark the worse week for U.S. stocks since the financial crash of 2008.The S&P 500 and Nasdaq also both plunged by more than 4%.Copyright…

Dow Jones plunges most since 2008 on coronavirus fears

D-Keine/iStock(NEW YORK) — The Dow Jones Industrial Average plummeted 1,190 points, more than 4%, on Thursday as economic uncertainty over the spread of the novel coronavirus continued to rattle markets.The losses mark the worst week for the Dow since the financial crash of 2008. The S&P 500 and NASDAQ each also plunged by more than…

Lane Bryant introduces mannequins with diverse body types and skin tones

FILE – Joel Carillet/iStock(COLUMBUS, Ohio) — Fashion retailer Lane Bryant has taken measures to make their mannequins just as diverse as their customers.On Wednesday, the brand announced the updated store design of their flagship store in Columbus, Ohio, would feature not only modern color palettes and fixtures, but also a new mannequin program that includes…