virus

Disney’s earnings dived in the second quarter, including a 58 percent drop in operating incomes tied to its shuttered theme parks and cruise ships, the Mouse House said on Tuesday. The Burbank, Calif. company said that coronavirus pandemic closures, which has also delayed its summer blockbusters, have squeezed its second-quarter earnings to 60 cents a …

President Trump says he prefers that businesses struggling because of the coronavirus pandemic work with lenders — including using bankruptcy protection — to keep afloat, rather than take government aid. Trump told The Post in the Oval Office on Monday that he thought it was “very good” that J.Crew was able to reach a deal …

Warren Buffett took a call from comedy legend Bill Murray during Berkshire Hathaway’s virtual annual meeting on Saturday, prompting a serious discussion on income inequality. Murray, a Berkshire shareholder known for his role in films like “Caddyshack” and “Ghostbusters,” submitted his question through a moderator at this year’s remote event, according to CNBC. “This pandemic …

Venerable US retailer Lord & Taylor plans to liquidate inventory in its 38 department stores once restrictions to curb the spread of coronavirus are lifted as it braces for a bankruptcy process from which it does not expect to emerge, people familiar with the matter said on Tuesday. Lord & Taylor’s preparations to liquidate its …

The US Justice Department on Tuesday brought its first criminal charges against people it accused of defrauding the $660 billion Paycheck Protection Program aimed at dulling the coronavirus pandemic’s heavy hit on the economy. The small-business loan program is part of an unprecedented $2.2 trillion coronavirus economic package meant to reimburse businesses and households for …

NBCUniversal is slashing salaries because of the coronavirus, a day after the broadcasting giant’s surprise ouster of NBC News chairman Andy Lack. In response to the financial fallout from the coronavirus pandemic, NBCU is cutting the pay of its senior management by 20 percent and rolling back pay increases for employees making more than $100,000, …

Airbnb is reportedly laying off nearly 2,000 employees due to the coronavirus pandemic — effectively slashing its headcount by 25 percent. The 1,900 workers axed by the home-sharing startup will receive a four-month pay package, as well as accelerated equity vesting and health insurance for a year, sources familiar with the matter told Reuters. CEO Brian …

The Trump administration is considering dissolving the White House coronavirus task force within several weeks, the New York Times reported Tuesday. Olivia Troye, a senior adviser to Vice President Mike Pence, has told officials on the task force to expect the group to complete its activities in the coming weeks. “We’re having conversations about that,” Pence …

New York on Tuesday announced 1,700 previously undisclosed suspected coronavirus deaths that occurred at nursing homes and adult care facilities. The new data from Governor Andrew Cuomo’s administration, which includes people who passed away before a lab test could confirm they had coronavirus, brings the state’s death toll from the virus to at least 4,813 …

Scientists at the Los Alamos National Laboratory published a study on Thursday that indicates the now-prevalent strain of coronavirus is a more contagious version of the pathogen first reported in Wuhan, China. The study, which is not yet peer-reviewed, was published on BioRxiv, a website used by medical researchers to speed up collaboration on studies …