Costco's Sales Cool as Coronavirus Stockpiling Slows

Costco reported higher sales for its latest quarter but its growth wasn't as fast as some competitors that were also able to stay open during the pandemic.

 
Novartis Inks Deal to Make Experimental Coronavirus Vaccine

Swiss drugmaker will make a gene-based Covid-19 vaccine being developed by researchers at Massachusetts Eye and Ear hospital, Massachusetts General Hospital and the University of Pennsylvania.

 
Trump Signs Order Targeting Social Media

The executive order seeks to limit the broad legal protection that federal law provides to social media and other online platforms.

 
Salesforce Trims Full-Year Outlook in Response to Coronavirus

The business-software provider cut its full-year earnings outlook and said it provided payment relief to some customers in the face of the pandemic.

 
24 Hour Fitness Searches for Bankruptcy Loan

The midprice gym chain is seeking a financing package to stay afloat through a possible bankruptcy filing that could come within weeks.

 
UAW Staffer Sues Union Alleging Sexual Harassment, Retaliation

A woman on staff at the United Auto Workers filed a lawsuit claiming she was sexually harassed by higher-ranking UAW officials and that the union failed to take corrective action when she complained of the alleged incidents.

 
UPS Adds Peak Surcharge as Virus Drives Rise in E-Commerce

The carrier is imposing fees on companies that have inundated its network with packages and oversize items during the pandemic, an unprecedented move aimed at managing a summer flood of shipments and higher costs.

 
Justice Department Blocks Marijuana Workers From Bankruptcy Protection

The Justice Department is preventing struggling cannabis businesses and their workers from accessing bankruptcy to weather the downturn, even in states that determine medical marijuana is essential during the pandemic.

 
Investors Get More Bang for Their Buck at This Dollar Store

Coronavirus stockpiling wasn't enough to pull Dollar Tree's sales growth up to Dollar General's, but it was enough to pick up its downtrodden share prices.

 
Nissan Loses $6.2 Billion as It Prepares to Slim Down

Nissan recorded a $6.2 billion loss in the year ended in March after it took big write-downs as part of a restructuring plan that aims to make the car maker leaner and more profitable.

(END) Dow Jones Newswires

May 28, 2020 19:15 ET (23:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.