Business News

UPDATE 1-U.S. regulators to go easy on mortgage firms over customer communication delays

Reuters Company News - Fri, 04/03/2020 - 18:45
U.S. bank supervisors will not penalize mortgage companies if they miss regulatory deadlines for communicating with borrowers while fielding an unprecedented surge in queries due to disruptions caused by the novel coronavirus, banking regulators said on Friday.
Categories: Business News

CORRECTED (OFFICAL)-UPDATE 1-Kraft Heinz cuts output at three plants, adds shifts for mac & cheese

Reuters Company News - Fri, 04/03/2020 - 18:44
Kraft Heinz Co said on Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the new coronavirus outbreak, but its CEO noted the company has added shifts at others to meet demand for packaged foods like macaroni and cheese.
Categories: Business News

Southwest expects talks on U.S. payroll grant terms over next several days

Reuters Company News - Fri, 04/03/2020 - 18:43
Southwest Airlines Co said on Friday it has applied for U.S. payroll grants but cannot disclose details as the next several days could involve conversations on the terms of any agreement.
Categories: Business News

CORRECTED (OFFICIAL)-Kraft Heinz cuts output at three plants

Reuters Company News - Fri, 04/03/2020 - 18:42
Kraft Heinz Co has moved to significantly reduce production at three plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief Executive Miguel Patricio on Friday said in a video presentation hosted by Brazilian retail brokerage XP Inc .
Categories: Business News

The CDC Now Recommends Americans Wear Face Masks

Wired RSS Feed - Fri, 04/03/2020 - 18:40
Staying home is still the best way to protect yourself from the coronavirus. But the CDC now says that masks are effective as an additional measure.
Categories: Business News

UPDATE 2-Mexico's Pemex slides deeper into 'junk'

Reuters Company News - Fri, 04/03/2020 - 18:25
Mexican national oil company on Friday slid deeper into "junk" territory after Fitch Ratings cut the rating of its bonds by another notch to BB with a negative outlook amid fears that its stand-alone credit profile will deteriorate further.
Categories: Business News

Soaring unemployment increases odds U.S. banks will cut dividends

Reuters Biz News - Fri, 04/03/2020 - 18:16
Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.
Categories: Business News

UPDATE 1-Berkshire Hathaway sells part of Delta, Southwest airline stakes

Reuters Company News - Fri, 04/03/2020 - 18:14
Warren Buffett's Berkshire Hathaway Inc said on Friday it sold about 18% of its stake in Delta Air Lines Inc and 4% of its holdings in Southwest Airlines Co this week, as the coronavirus pandemic drives the airline industry into perhaps its biggest crisis ever.
Categories: Business News

UPDATE 2-U.S. coronavirus supply spree sparks outrage among allies

Reuters Company News - Fri, 04/03/2020 - 18:12
From Europe to South America, U.S. allies are complaining about the superpower's "Wild West" tactics in outbidding or blocking shipments to buyers who have already signed deals for vital medical supplies.
Categories: Business News

Trials of Plasma From Recovered Covid-19 Patients Have Begun

Wired RSS Feed - Fri, 04/03/2020 - 18:05
US Food and Drug Administration officials approved nationwide tests of two treatments, both derived from the blood of people who have survived the disease.
Categories: Business News

UPDATE 1-Occidental names new CFO in latest management change

Reuters Company News - Fri, 04/03/2020 - 17:54
Oil and gas producer Occidental Petroleum Corp on Friday named company insider Robert Peterson as its new chief financial officer.
Categories: Business News

Soaring unemployment increases odds U.S. banks will cut dividends

Reuters Company News - Fri, 04/03/2020 - 17:54
Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.
Categories: Business News

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