Apple cited effects of the coronavirus-borne disease COVID-19 as it warned late Monday that it no longer expects to meet the revenue guidance it offered in late January for the quarter ending in March. It said in a statement posted to the Apple website that iPhone supply would be temporarily constrained, with manufacturing partners in

Jeff Bezos, the founder of Amazon.com and the owner of the Washington Post, announced Monday that he’s pledged $10 billion to fight climate change, which he labels, in an Instagram post, the biggest threat to our planet.” His Bezos Earth Fund, he says in the post, will fund scientists, activists, nongovernmental organizations and, he says,

Retailer Pier 1 has filed for Chapter 11 bankruptcy protection, reports the Wall Street Journal. The filing reportedly was made Monday, with U.S. stock markets closed for Presidents Day, in federal bankruptcy court in Richmond, Va. The Fort Worth, Texas-based home-décor chain had said a month ago that it was shuttering half its stores but

Facebook Inc. is the latest tech company to pull the plug on an event because of COVID-19. “Our priority is the health and safety of our teams, so out of an abundance of caution, we cancelled our Global Marketing Summit due to evolving public health risks related to coronavirus,” a Facebook spokesman said in an

Defense lawyers for Roger Stone, the longtime political adviser to Donald Trump, called Friday for a new trial, according to a Washington Post report, even as Stone’s sentencing, set for later this month, was at the center of a maelstrom this week in Washington. Stone was convicted late last year of witness tampering and lying

Pfizer Inc.-backed biopharma company Imara Inc. filed initial public offering documents late Friday with the Securities and Exchange Commission, planning to list on the Nasdaq Global Market under the ticker symbol “IMRA.” According to the documents, Imara plans to raise $86.3 million, and Morgan Stanley, Citigroup and SVB Leerink are underwriting the issue. “We are

American Airlines Group Inc. said Friday it expects to fly its Boeing Co.’s 737 Max aircraft on Aug. 18, joining United Airlines Holdings Inc. and Southwest Airlines Co. in forecasting a late summer return for the grounded aircraft. American Airlines had previously canceled 737 Max flights through June. Boeing’s 737 Max jets have been grounded

The S&P 500 and the Nasdaq on Friday closed at an all-time high, capping a week that had produced a decided uptrend as investors parsed a round of corporate results, economic data and the spread of COVID-19. All three benchmarks, however finished the week solidly higher. The S&P 500 gained just under 6 points, 0.2%,

Oil prices ended higher on Friday to notch their first weekly rise in six weeks, as a report of oil purchases by Chinese refiners helped to ease worries about a slowdown in oil demand from the spread of COVID-19. Bloomberg News reported a “buying spree” among China’s independent oil refiners. March WTI oil rose 63

Attorney General William Barr has named an outside prosecutor to pore over the criminal case against Michael Flynn, the retired Army lieutenant general who served as President Donald Trump’s first national-security adviser after playing a prominent role in the 2016 campaign, the New York Times reports. Flynn entered a guilty plea to the charge of