Business News

Facebook asks users about coronavirus symptoms, releases friendship data to researchers

Reuters Company News - Mon, 04/06/2020 - 15:06
Facebook Inc said on Monday it would start surveying some U.S. users about their health as part of a Carnegie Mellon University research project aimed at generating "heat maps" of self-reported coronavirus infections.
Categories: Business News

Wall Street surges on hopes of slowing coronavirus deaths

Reuters Biz News - Mon, 04/06/2020 - 15:02
U.S. stocks surged on Monday, with each of the major indexes rallying more than 5%, after a drop in the daily death toll in New York, the country's biggest coronavirus hot spot, fueled hopes a leveling off of the pandemic was on the horizon.
Categories: Business News

Milken conference pushed back again as coronavirus crisis deepens

Reuters Company News - Mon, 04/06/2020 - 15:02
The Milken Institute said on Monday its global conference has been pushed back again to October from July as the coronavirus pandemic continues to spread across the United States.
Categories: Business News

US STOCKS-Wall St surges on hopes of slowing coronavirus deaths

Reuters Company News - Mon, 04/06/2020 - 15:00
* Dow up 5.85%, S&P 500 up 5.59%, Nasdaq up 5.63% (Updates to mid-afternoon, changes byline)
Categories: Business News

Capri furloughs all North America retail staff, sees stores opening around June 1

Reuters Biz News - Mon, 04/06/2020 - 14:45
Capri Holdings Ltd will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1, the owner of Michael Kors and Versace brands said on Monday.
Categories: Business News

UPDATE 2-Capri furloughs all N.America retail staff, sees stores opening around June 1

Reuters Company News - Mon, 04/06/2020 - 14:44
Capri Holdings Ltd will furlough all its 7,000 retail staff in North America due to the coronavirus outbreak and expects to reopen stores around June 1, the owner of Michael Kors and Versace brands said on Monday.
Categories: Business News

UPDATE 3-Argentine bonds, shares rise on local-law debt moratorium -traders

Reuters Company News - Mon, 04/06/2020 - 14:37
Argentine bond prices popped higher, and country risk spreads tightened on Monday after the government announced a planned moratorium on local debt payments to ease what it has called an unsustainable financial burden.
Categories: Business News

Quibi tests market for quick-hit videos with A-list stars

Reuters Company News - Mon, 04/06/2020 - 14:30
LeBron James, Liam Hemsworth and other celebrities starred in a new type of quick-hit entertainment that debuted on Monday to a changing media market as Americans sheltered at home to help fight the coronavirus.
Categories: Business News

Peloton halts live classes as employee tests positive for COVID-19

Reuters Company News - Mon, 04/06/2020 - 14:27
Peloton Interactive Inc said on Monday it would pause live production of its exercise videos at its New York and London studios through April 30 amid the outbreak of the coronavirus.
Categories: Business News

Santander Brasil to keep its 3-year guidance for now - CEO

Reuters Company News - Mon, 04/06/2020 - 14:26
Banco Santander Brasil SA will keep its three-year guidance for now, despite the crisis caused by the new coronavirus outbreak, its Chief Executive Sergio Rial said on Monday.
Categories: Business News

CANADA CRUDE-Heavy discount widens as talks on global oil cut delayed

Reuters Company News - Mon, 04/06/2020 - 14:22
Canadian heavy crude's discount widened versus the U.S. benchmark West Texas Intermediate (WTI) oil on Monday, as top producers Saudi Arabia and Russia delayed discussions aimed at reducing global oversupply and crude production in Alberta tested storage limits. * Western Canada Select (WCS) heavy blend crude for May delivery in Hardisty, Alberta, traded at $17.80 per barrel below WTI, according to NE2 Canada Inc, wider than Friday's settle of $16.80 under.
Categories: Business News

Saudi Arabia's PIF discloses 8.2% stake in cruise operator Carnival

Reuters Company News - Mon, 04/06/2020 - 14:22
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), on Monday disclosed an 8.2% stake in coronavirus-hit Carnival Corp, sending the cruise operator's shares nearly 30% higher.
Categories: Business News

Alaska Air expects to lower April and May capacity by 80%

Reuters Biz News - Mon, 04/06/2020 - 14:13
The U.S. carrier had earlier planned to reduce its April capacity by at least 10% and May capacity by at least 15%.
Categories: Business News

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