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11:50 a.m. June 10, 2020 - Associated Press
Mall deal worth $3.6 billion implodes as pandemic shakes retail The ongoing pandemic has hurt the retail industryThe nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
10:54 a.m. May 18, 2020 - By Ciara Linnane
Coronavirus update: Global case tally reaches 4.8 million; China’s Xi supports WHO-backed probe of origins of pandemic — once the crisis is over Tesla gets green light to reopen California plant, and investors await earnings from Walmart, Target and AlibabaThe number of cases of the coronavirus that causes COVID-19 rose to 4.8 million on Monday, as Chinese President Xi Jinping said China would support an international investigation of the origins of the pandemic led by the World Health Organization, as soon as the crisis has been brought under control.
4:50 p.m. May 15, 2020 - By Lisa Fickenscher
Self-serve soft drinks off the menu for now at Popeyes, Burger King and Tim HortonsRestaurant Brands says it went looking for potential contagion vectors to address as the coronavirus pandemic continues.
10:56 a.m. May 12, 2020 - By Ciara Linnane
Coronavirus update: U.S. death toll tops 81,000; Trump defends administration’s record in testy exchange with reporters Tesla defies county ban and reopens California car-making plant, and Boeing CEO says a major airline will be pushed into bankruptcy by pandemicThe U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.
2:42 a.m. May 12, 2020 - By Ciara Linnane
Burger King parent reopens restaurants with new social-distancing and other safety protocolsRestaurant Brands International Inc. Chief Executive Jose Cil said Burger King, Tim Horton and Popeyes restaurants are reopening with a range of public-safety measures designed to protect staff and customers from COVID-19. The company has introduced acrylic shields and contactless service at most restaurants, and is maintaining social-distancing using tabletop signage to indicate which tables are open and which reserved. "We will be sanitizing tables and chairs after each use and will have hand sanitizer available in the dining room for our guests," Cil wrote in an open letter. "We have turned off our self-serve soda fountains and are offering beverages, extra condiments and trays from the behind the front counter. And we benefit from a business model inside our restaurants that has minimal contact with anyone other than your friends and family who you are sitting with." The company has further scaled digital capabilities and added hundreds of restaurants to delivery apps and upgraded its drive-thru outlets. Shares rose 0.8% premarket, but have fallen 18% in the year to date, while the S&P 500 has fallen 9%.
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