Business News

GRAPHIC-Take Five: Life in the time of corona

Reuters Company News - Fri, 04/03/2020 - 11:37
1/LOOKING TO CHINA The world's biggest economy won't be open for business by Easter, as U.S. President Donald Trump had hoped, but the second biggest economy may come close. How China fares offers a guide to other countries when their coronavirus lockdowns lift.
Categories: Business News

UPDATE 1-Bank of America received 10,000 applications within first hour of small-business loan program

Reuters Company News - Fri, 04/03/2020 - 11:24
Bank of America Corp has already received about 10,000 applications for federally backed small-business loans within the first hour of starting to accept them, Chief Executive Brian Moynihan said in a CNBC interview on Friday.
Categories: Business News

Growing New York gold stockpile eases fear of shortages

Reuters Company News - Fri, 04/03/2020 - 11:21
The amount of gold stored in vaults in New York registered by CME Group's Comex exchange has risen by nearly 2 million ounces, CME data showed, proving ample to settle monthly contract obligations and easing concerns of shortages that sent prices skyrocketing.
Categories: Business News

Grounded planes insured for more than $160 billion: report

Reuters Biz News - Fri, 04/03/2020 - 11:18
Aeroplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday.
Categories: Business News

Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact

Reuters Biz News - Fri, 04/03/2020 - 11:16
Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter the impact from the coronavirus pandemic.
Categories: Business News

Here's how the U.S.'s Main Street bailout program is going so far

Reuters Biz News - Fri, 04/03/2020 - 11:15
The Trump administration's bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat despite widespread shutdowns related to the new coronavirus, launched on Friday.
Categories: Business News

Two U.S. state AGs seek info on Zoom's privacy practices

Reuters Company News - Fri, 04/03/2020 - 11:09
At least two U.S. state attorneys have sought information from Zoom Video Communications Inc following multiple reports that questioned the privacy and security of the videoconferencing app.
Categories: Business News

UPDATE 2-3M to make more face masks, ramp up imports to U.S. after Trump order

Reuters Company News - Fri, 04/03/2020 - 11:08
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage of essential items needed to fight the coronavirus pandemic.
Categories: Business News

US STOCKS-Wall Street dips as record job growth ends

Reuters Company News - Fri, 04/03/2020 - 11:08
* Indexes down: Dow 1.49%, S&P 1.23%, Nasdaq 1.16% (Updates to open)
Categories: Business News

Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact

Reuters Company News - Fri, 04/03/2020 - 11:03
Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter the impact from the coronavirus pandemic.
Categories: Business News

Italy looks to safeguard biomedical valley leading fight against COVID-19

Reuters Company News - Fri, 04/03/2020 - 11:02
Italy plans to tighten health checks to ensure that work is not disrupted in a small northern town specialising in the production of medical supplies to tackle its coronavirus crisis.
Categories: Business News

Covid-19 Is Killing More Men Than Women—Here Are Some Theories

Wired RSS Feed - Fri, 04/03/2020 - 11:00
Scientists can’t say for certain why the current pandemic is discriminating by sex, but it likely comes down to biology, lifestyle, and behavior. 
Categories: Business News

U.S. airlines face deadline to apply for U.S. payroll grants

Reuters Company News - Fri, 04/03/2020 - 10:59
U.S. airlines and contractors faced a deadline of 5 p.m. on Friday to tap the federal government for up to $32 billion in payroll grants to help them ride out a dramatic drop in air travel demand due to the new coronavirus outbreak.
Categories: Business News

UPDATE 1-Canada's big banks field half a million mortgage deferral requests

Reuters Company News - Fri, 04/03/2020 - 10:58
Canada's biggest banks have received nearly half a million requests from homeowners to hold off mortgage payments as the economic fallout from the COVID-19 pandemic deepens, according to the Canadian Bankers' Association.
Categories: Business News

EMERGING MARKETS-Latam FX weaken as recession fears keep dollar well-bid

Reuters Company News - Fri, 04/03/2020 - 10:57
Most Latin American currencies weakened on Friday, putting an index of regional currencies on course to mark its seventh straight weekly loss as recession fears kept the safe-haven dollar well-bid despite a dismal U.S. jobs report. Brazil's real slipped 0.8% to a record low, while Mexico's peso dropped 1.7%, taking MSCI's index of regional currencies down 1%. The index is set to end the week about 3.5% lower. Colombia's currency, meanwhile, fir
Categories: Business News

U.S. oilfield provider Liberty cuts 7% of staff, expands executive pay cuts

Reuters Company News - Fri, 04/03/2020 - 10:56
U.S. oilfield services firm Liberty Oilfield Services is cutting 7% of its workforce, according to a state filing, and executives have agreed to reduce their salaries by 30% as shale oil producers grind to a halt amid an energy price collapse.
Categories: Business News

UPDATE 1-Trump to host Big Oil execs at White House to discuss market slump

Reuters Company News - Fri, 04/03/2020 - 10:45
U.S. President Donald Trump will meet with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their businesses, brought on by the coronavirus outbreak and a Saudi-Russia price war.
Categories: Business News

Pages