Business News

Exclusive: Amazon to delay Prime Day sales event due to coronavirus

Reuters Biz News - Fri, 04/03/2020 - 15:15
Amazon.com Inc is postponing its major summer shopping event Prime Day until at least August and expects a potential $100-million hit from excess devices it may now have to sell at a discount, according to internal meeting notes seen by Reuters.
Categories: Business News

JPMorgan says now accepting applications for federal loan program

Reuters Biz News - Fri, 04/03/2020 - 15:08
JPMorgan Chase & Co , the largest U.S. lender by assets, started accepting at Friday midday applications for loans from the federal government's paycheck protection program, according to a post on the bank's website.
Categories: Business News

Trump says Bank of America, others doing 'great job' on small-business loans

Reuters Biz News - Fri, 04/03/2020 - 15:06
President Donald Trump hailed one of the country's largest banks, as well as many small lenders, for making small business emergency loans on the first day of a new U.S. coronavirus economic relief program.
Categories: Business News

Fed Chair Powell spoke with Trump as central bank geared up for virus response

Reuters Biz News - Fri, 04/03/2020 - 14:54
Federal Reserve Chair Jerome Powell had two previously undisclosed phone calls with U.S. President Trump in February, calendars released on Friday show, including a brief call during the last week of the month when it was becoming clearer that the coronavirus would likely have more than a transitory effect on the U.S. economy.
Categories: Business News

OPEC+ debates biggest-ever oil cut as pandemic crushes demand

Reuters Biz News - Fri, 04/03/2020 - 14:47
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source said, after the U.S. president called on producers to stop the market rout caused by the coronavirus pandemic.
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Google Reveals Location Data to Help the Coronavirus Response

Wired RSS Feed - Fri, 04/03/2020 - 14:42
The search giant is disclosing trends in visits to broad categories of places, as a tool for public health officials.
Categories: Business News

Constellation Brands says Mexico breweries still running amid coronavirus outbreak

Reuters Biz News - Fri, 04/03/2020 - 14:37
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Friday its Mexican breweries were still operational and supply to the United States was intact even as rivals suspended production due to the coronavirus pandemic.
Categories: Business News

The Biggest Coronavirus Myths, Busted

Wired RSS Feed - Fri, 04/03/2020 - 14:32
No, drinking water won’t flush the virus out of your mouth. Here’s how to inoculate yourself against bad Covid-19 information.
Categories: Business News

3M warns against Trump's order to limit face mask exports

Reuters Biz News - Fri, 04/03/2020 - 14:18
3M Co said on Friday it would make more face masks for the United States to fight the coronavirus pandemic, but warned of the "humanitarian implications" of limiting supply to other countries as President Donald Trump directed.
Categories: Business News

Hedge fund Glenview off 30% as coronavirus weighs on portfolio

Reuters Biz News - Fri, 04/03/2020 - 14:09
Glenview Capital Management, the hedge fund run by Larry Robbins, has lost roughly 30% in the first three months of 2020 as the spread of the new coronavirus hurt the healthcare facilities and hospital operators the firm has invested in.
Categories: Business News

Cisco's Webex draws record 324 million users in March

Reuters Biz News - Fri, 04/03/2020 - 14:04
Cisco Systems Inc's video-conferencing app Webex registered a record 324 million attendees in March, with usage more than doubling in the Americas, as the coronavirus-led lockdowns forced businesses to have employees work from home.
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