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FILE - In this June 25, 2020 file photo, a price sign is displayed at a retail store as a store employee wears a mask while working in Niles, Ill.   Small businesses are in limbo again as the coronavirus outbreak rages and the government’s $659 billion relief program draws to a close. Companies still struggling with sharply reduced revenue are wondering if Congress will give them a second chance at the Paycheck Protection Program, which ends Friday, Aug. 7,  after giving out 5.1 million loans worth $523 billion.  (AP Photo/Nam Y. Huh, File)

US retail sales rise for 3rd month but slowdown expected

Aug. 14, 2020 2:22 PM EDT

WASHINGTON (AP) — Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money in people's pockets. Friday's report from the...

Residents pass by an advertisement for Hybrid cars from Toyota on the streets of Beijing on Tuesday, Aug. 4, 2020. China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday. (AP Photo/Ng Han Guan)

China auto sales rise in July, as market regains momentum

Aug. 11, 2020 3:31 AM EDT

BEIJING (AP) — China’s auto sales rose by 16.4% in July over a year earlier to 2.1 million units in a sign of sustained recovery for the industry’s biggest global market, an industry group said Tuesday. The China Association of Automobile Manufacturers reported that sales of passenger cars...

FILE - In this July 31, 2019, file photo, people walk past a Honda car on display at Honda Motor Co. headquarters in Tokyo. Japanese automaker Honda reported Wednesday, Aug. 5, 2020, it sank into the red for the April-June quarter, as its sales plunged over the coronavirus pandemic, especially in the U.S., Japan and India. (AP Photo/Koji Sasahara, File)

Japan's Honda reports loss in April-June as virus hits sales

Aug. 5, 2020 4:30 AM EDT

TOKYO (AP) — Japanese automaker Honda reported Wednesday that it sank into the red for the April-June quarter, as its sales plunged due to the coronavirus pandemic, especially in the U.S., Japan and India. Honda Motor Co. racked up an 80.8 billion yen ($765 million) fiscal first quarter loss, a reversal...

BP to cut dividends as it prepares for fossil fuel decline

Aug. 4, 2020 6:13 AM EDT

LONDON (AP) — BP plc said Tuesday it plans to slash dividends as the global oil company prepares for declining sales of fossil fuels by boosting investment in alternative energy projects. London-based BP said it will increase spending on low-carbon technology, including renewable energy projects, 10-fold...

FILE - A detail of a label on a bottle of Clorox bleach is displayed in a supermarket, in Walpole, Mass. in a In this Aug. 1, 2011 file photo. Clorox’s fiscal fourth-quarter sales jumped 22% as consumers continued to buy cleaning supplies amid the coronavirus pandemic.  (AP Photo/Steven Senne, File)

Clorox becomes 'it' brand in world sheltered in place

Aug. 3, 2020 9:13 AM EDT

Sales at Clorox jumped 22% in its most recent quarter with millions of people growing more vigilant about cleaning routines in the pandemic. The company also announced Monday that Linda Rendle will become its CEO in September. There was a 33% jump in sales withing the company division that sells cleaning...

Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history

Jul. 30, 2020 4:20 PM EDT
MOUNTAIN VIEW, Calif. (AP) — Pandemic whacks Google ad sales, causing parent Alphabet to report first quarterly revenue decline in company history.
FILE - In this file photo dated  Friday, May 29, 2020, the Renault plant is pictured in Choisy-le-Roi, outside Paris, France.  French carmaker Renault reported Thursday July 30, 2020, a massive loss of 7.4 billion euros (dollars 8.5 billion) in the first half of the year as the collapse in global auto sales due to the coronavirus global pandemic worsened troubles already brewing at the manufacturer. (AP Photo/Christophe Ena, FILE)

France's Renault posts massive loss as trouble piles up

Jul. 30, 2020 8:45 AM EDT

PARIS (AP) — French carmaker Renault reported a massive loss of 7.4 billion euros ($8.5 billion) in the first half of the year as the collapse in global auto sales due to the pandemic worsened troubles already brewing at the manufacturer. Renault's loss compared with a profit of about 1 billion euros a...

FILE- In this April 23, 2018, file photo, the logo for General Motors appears above a trading post on the floor of the New York Stock Exchange.  Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April 2020 through June. The Detroit automaker had to close its plants from March 18 to May 18 due to the coronavirus, but production didn’t resume fast enough to hold off a net loss. (AP Photo/Richard Drew, File)

Plant closings send GM to 2Q loss, but signs of improvement

Jul. 29, 2020 3:21 PM EDT

DETROIT (AP) — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June. The Detroit automaker closed its plants on March 18 and they remained idle for two months due to the coronavirus. Production...

A man walks by new logo of Nissan seen at the automaker's showroom in Tokyo Tuesday, July 28, 2020.  Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. (AP Photo/Eugene Hoshiko)

Nissan expects second straight year of red ink amid outbreak

Jul. 28, 2020 8:17 PM EDT

TOKYO (AP) — Nissan reported a 285.6 billion yen ($2.7 billion) loss for April-June, as the Japanese automaker's sales crashed amid the coronavirus pandemic and it struggled to recover from the loss of its former star executive Carlos Ghosn. Nissan Motor Co. racked up its first annual red ink in 11 years...

FILE- This Dec. 13, 2018, file photo shows a sign for a Starbucks Coffee shop in Harvard Square in Cambridge, Mass. Starbucks says it’s seeing steady recovery as its stores reopen, but it expects the impact of the new coronavirus to last well into the fall. The coffee giant said Tuesday, July 28, 2020 that revenue in its fiscal third quarter plummeted 38% to $4.2 billion. (AP Photo/Charles Krupa, File)

Starbucks says it sees better times ahead as stores reopen

Jul. 28, 2020 7:20 PM EDT

Starbucks' revenue shrank 38% in its most recent quarter but the coffee giant says it’s recovering faster than expected as its stores reopen from coronavirus lockdowns. The Seattle-based company said Tuesday that it expects coronavirus-related losses to ease through the rest of this year. “We...