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Reuters | Equities.com |

(Reuters) - For a glimpse at how Disney recovers from the coronavirus pandemic, look no further than Shanghai, where the entertainment giant has staged a limited reopening of Shanghai Disney Resort. Adults, kids and senior citizens wear masks while wandering among staff and security guards who carry contact-less thermometers and hand sanitizer. As some U.S. states lift stay-at-home orders, investors and park fans are watching to see how Walt Disney Co


Reuters | Equities.com |

Industrial conglomerate 3M Co said on Friday it sued five vendors for allegedly attempting to target government officials with fraudulent offers to sell billions of nonexistent N95 respirators. The vendors tried to sell respirators to officials in Florida, Wisconsin and Indiana at highly inflated prices, 3M said, adding that they were not connected with the company. N95 respirators, which are designed to filter 95% of airborne particles, are among personal protective ge...


AP News | Equities.com |

NEW YORK (AP) — Profits fell at Exxon Mobil as the global pandemic began to erode oil demand.The Irving, Texas oil giant lost $610 million in the first quarter, down 126% from the same time last year, the company said Friday.Revenue was $56.16 billion, down 12% from the same quarter in 2019.Fewer people flew or drove as the world fought to contain the spread of COVID-19, decreasing the need for jet fuel and gasoline. That resulted in oversupplied markets and unprecedented pressure on prices an...


AP News | Equities.com |

Shares dropped in Europe and Asia on Friday after the latest data drove home the extent of economic carnage from the coronavirus pandemic.Many world markets were closed for May Day holidays. Britain’s FTSE 100 sagged 1.9% to 5,788 while U.S. futures fell sharply, with the contract for the S&P 500 down 2.1% and that for the Dow industrials sank 2%.Australia’s S&P/ASX 200 plunged 5% to 5,245.90 with heavy losses in miners and banks. A measure of Australian manufa...