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Sun Journal in New Bern, North Carolina

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Sun Journal

Location

New Bern, North Carolina, United States of America

Date

Apr 16, 2020

Page

6

Unprecedented 8.7% Drop in U S Retail Sales in March

Washington reports U S retail sales plunged 8.7 percent in March amid lockdowns, with auto sales down 25.6 percent and clothing down 50.5 percent while grocery sales rose nearly 26 percent. The data reflect a sharp recession, with consumer confidence collapsing and services spending omitted.

Washington U.S Commerce Department

Rich countries agree to help poorer nations handle debt

In Johannesburg finance ministers of the G-20 pledged to pause debt service for poor nations to free funds for health care and pandemic relief. The plan, backed by leaders from France and Ethiopia, would suspend $20 billion in payments to private creditors and states, with $12 billion to others and $12 billion more to multilateral banks under consideration. The move aims to curb the pandemic’s impact while Africa seeks billions in support and bulk-buy access to medical supplies.

Johannesburg Africa U.S China India France Ethiopia Germany South Africa Financial Times Bruno le Maire sub-Saharan Africa World Bank World Bank Group David Malpass IMF Kristalina Georgieva African Union

UnitedHealth sticks to 2020 outlook amid coronavirus outbreak

UnitedHealth Group will not seek federal aid and maintains its 2020 adjusted earnings target of 16.25 to 16.55 per share as the pandemic tests its insurer and Optum businesses. First quarter revenue rose 7 percent to 64.42 billion with Opium growth, while enrollment slipped over 2 percent. Andrew Witty will take a leave of absence to lead WHO vaccine efforts, with David Wichmann stepping in at Optum temporarily.

UnitedHealth Group United States UnitedHealth Wall Street Andrew Witty World Health Organization Witty Glaxo- SmithKline David Wichmann Optum

Egg demand soars as Minnesota plants idle amid price jump

In Minnesota, demand for eggs has surged driving prices near three dollars a dozen and prompting plants like Cargill to idle. Farmers adjust by not replacing hens, while suppliers seek new buyers and distribution models to meet grocery store demand. Grace Riley in St Paul illustrates shifting consumption and pricing trends.

Grace Riley Riley St. Paul Minn Twin Cities U.S. Department of Agriculture Cargill Big Lake North America Kevin Stiles Chicken and Egg Association of Minnesota Iowa Poultry Association Stiles Minnesota Department of Agriculture Department Board of Animal Health League of Women Voters

Also Mentioned on This Page

Madison Avenue New York Mary Astaffe Jpmorgan Chase Michael Pearce Capital Economics Macy’s Nordstrom Nike Neil Saunders Global Retail Research Manson Europe Jerome Delay UnitedHealth Group Inc Minnetonka Jim Mone Dreamstime TNS
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