AMC aims to reopen theaters in July; nations eye economies

AMC Entertainment lost nearly $2.2 billion in its first quarter as it struggled with the closure of all of its movie theaters amid the virus outbreak

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus.

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SALES RESULTS:

— AMC Entertainment lost nearly $2.2 billion in its first quarter as it struggled with the closure of all of its movie theaters amid the virus outbreak. The company recorded an impairment charge of about $1.85 billion. AMC said Wednesday that it expects to have all of its theaters worldwide open in July. It has 10 theaters reopened in Europe.

— Red Robin Gourmet Burgers’ sales fell 25.3% in its fiscal first quarter as the…