Catch up: Here’s what else is happening.
The electronics and engineering giant Siemens, a bellwether for the German economy, reported that first-quarter profit fell by more than half as new orders slumped. Siemens, which makes a diverse range of products including high-speed trains, wind turbines and medical scanners, said that sales had slipped a modest 1 percent compared with the first quarter of 2019. But new orders, an indicator of future sales, fell 9 percent largely because of lower demand for passenger trains. Profit fell 64 percent.
J.C. Penney and Sephora, which had been sparring in court about a potential closure of Sephora’s mini-shops inside hundreds of J.C. Penney locations, said on Thursday that had “reaffirmed their longstanding partnership.” J.C. Penney had filed a lawsuit on Monday that outlined disagreements between the companies, which have been partners since 2006, and highlighted the challenges that many retailers may face with vendors as they try to return to business during the pandemic.
Frontier Airlines became the first U.S. carrier to announce plans to take the temperature of passengers before boarding, a move that would take effect on June 1. Anyone with a temperature of 100.4 degrees or higher will be denied boarding.
The Walt Disney Company said the 120-acre Disney Springs, one of the largest shopping malls in the United States, would begin a phased reopening on May 20. The lakeside property in suburban Orlando, Fla., has about 170 stores and restaurants. Disney’s theme parks and hotels will remain closed. Disney said that reopening Disney Springs would involve face masks for employees and guests and limitations on capacity.
Reporting and research was contributed by Nelson D. Schwartz, Ben Casselman, Jeanna Smialek, Jack Ewing, Niraj Chokshi, Sapna Maheshwari, Michael Crowley, Keith Bradsher, Liu Yi, Mohammed Hadi, Brooks Barnes, Liz Alderman, Carlos Tejada, Daniel Victor and Kevin Granville.