Latest News Updates From Associated Press

Government, Business

Claims for Jobless Benefits Drop by 4,000

WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labor market in a major way.

March 12, 2020
Government, Business, Logistics

Cargo Not Affected as Trump Suspends Travel From Europe to US

WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.

March 11, 2020
Safety

140 Vehicles Involved in Two Wyoming I-80 Pileups; Three Dead

RAWLINS, Wyo. — At least three people died and dozens were injured in a pileup involving more than 100 vehicles, many of them tractor-trailers, amid blowing snow that closed part of Interstate 80 in Wyoming, officials said March 2.

March 2, 2020
Government, Business, Logistics

Amtrak Names Former Air Cargo Executive as New CEO

Amtrak named a former air cargo executive as its new president and chief operating officer March 2.

March 2, 2020
Business, Technology, Autonomous

Panasonic Scraps Solar Panels Partnership With Tesla

TOKYO — Panasonic is pulling out of its partnership with Tesla to produce solar panels at a factory in New York state, the Japanese electronics maker said Feb. 26.

February 26, 2020
Business

Peugeot Maker Sees Record Profit, but Coronavirus Clouds Horizon

PARIS — Despite record profits last year, Peugeot maker PSA Group said Feb. 26 it lost 700 million euros ($760 million) in China — and that was before the new virus hit a key manufacturing center.

February 26, 2020
Business

Moody’s Downgrades Auto Sales Forecast on Coronavirus Fears

FRANKFURT, Germany — Ratings agency Moody’s is lowering its forecast for global auto sales because of the new coronavirus outbreak.

February 26, 2020
Business, Fuel

Energy Agency: Virus to Cause First Oil Demand Decline in Decade

The International Energy Agency expects demand for oil to fall in the first quarter as a result of the virus outbreak that emanated in China. Any fall would represent the first quarterly decline in a decade.

February 13, 2020
Business, Technology, Fuel, Autonomous

Fiat Chrysler in Talks With Foxconn to Develop Electric Cars

MILAN — Fiat Chrysler is in talks with the Chinese company Foxconn to develop and manufacture battery-powered vehicles, the U.S.-Italian automaker said Jan. 17.

January 17, 2020

Think Tank Says UAW Deals Increased Automakers’ Labor Costs

DETROIT — New contracts between the United Auto Workers union and Detroit’s three automakers substantially increased the cost gap between Detroit and foreign automakers with U.S. factories, an industry think tank says.

January 15, 2020