This article is being republished as part of our daily reproduction of articles that also appeared in the U.S. print edition of The Wall Street Journal (May 29, 2020).

The number of workers in the U.S. receiving unemployment benefits fell for the first time since February, and new weekly claims continued to ease, offering evidence that layoffs related to the pandemic are slowing.

UPS is adding peak surcharges for firms that have been flooding its delivery network with many more packages and oversize items.

Amazon plans to keep most of the U.S. jobs it added in March and April as homebound consumers fueled online shopping.

Nissan said it would slash production capacity and trim its model lineup after reporting a $6.2 billion loss for its latest fiscal year.

China's premier said policy makers have more stimulus measures ready in case of a further deterioration in the nation's economy.

U.S. stocks fell, with the Dow, S&P 500 and Nasdaq retreating 0.6%, 0.2% and 0.5%, respectively.

The U.S. consumed more renewable energy than coal last year for the first time since 1885, the EIA said.

Two big health-care buyouts are shaping up to be among the worst-performing private-equity investments in recent years.

Novartis agreed to make a gene-based coronavirus vaccine now in development, paving the way for human testing later this year.

Jonathan Karp was named president and CEO of Simon & Schuster.


(END) Dow Jones Newswires

May 29, 2020 02:47 ET (06:47 GMT)

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