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Business Briefs

World close to running out of places to store oil

March 26, 2020, 7:42pm Business Briefs

The world will run out of places to store oil in as little as three months, according to an industry consultant. Read story

Jama Software will lay off a dozen, says business solid

March 26, 2020, 6:04am Business

Portland-based Jama Software announced a dozen layoffs Wednesday but said the cutbacks are unrelated to the coronavirus outbreak that has clobbered the state and national economy. Read story

Ford recall in North America aims to repair door latches

March 26, 2020, 6:03am Business

DETROIT -- Ford is recalling more than 268,000 cars in North America to fix doors that could open unexpectedly or may not close. Read story

State pauses job-hunt rule for unemployment claims

March 25, 2020, 3:55pm Business

In order to collect unemployment benefits, you usually have to show that you're looking for work. But not anymore. Read story

YouTube to limit video quality around the world for a month

March 25, 2020, 6:03am Business

YouTube will reduce the quality of videos around the world starting Tuesday, an effort by the world's most popular video site to ease internet traffic during the coronavirus outbreak. Read story

Intel suspends stock buybacks due to coronavirus

March 25, 2020, 6:01am Business

Intel took its first public steps to reposition its business for the coronavirus outbreak Tuesday, suspending stock buybacks indefinitely. Read story

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris &amp; Sam&#039;s Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker&#039;s order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus.

Airlines cut routes, lay off workers in travel downturn

Barber Sami Matta, left, gives a haircut to Steve Perosino, of Dedham, Mass., right, at Chris &amp; Sam&#039;s Barbershop, in Norwood, Mass., Monday, March 23, 2020. The Barbershop is to close by noon Tuesday, March 24, in keeping with Mass. Gov. Charlie Baker&#039;s order that all non-essential businesses close at noon Tuesday and remain closed through Tuesday, April 7, out of concern about the spread of the coronavirus. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. The vast majority of people recover from the new virus.

March 24, 2020, 6:03am Business

Airlines can't seem to cut capacity as fast as air travel is fading as businesses and vacationers pull back on plans. Read story

Some companies increase hiring to meet demand

March 24, 2020, 6:01am Business

The spread of the coronavirus has created a massive disruption in the work place, with many companies sending workers home. Read story

Netflix establishes $100M relief fund

March 21, 2020, 6:03am Business

LOS ANGELES -- Netflix said Friday it is establishing a $100 million relief fund for workers in the worldwide creative community affected by the coronavirus-caused halt of most film and television production. Read story

Home sales jump to 13-year high in February

March 21, 2020, 6:01am Business

WASHINGTON -- U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak. Read story