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Updated: 1 hour 57 min ago

Exclusive: Amazon in contact with coronavirus test makers for potential screenings on employees

5 hours 32 min ago
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
Categories: Business News

Mexican president calls on Russia, Saudi Arabia to end oil price war

6 hours 19 min ago
Mexican President Andres Manuel Lopez Obrador on Saturday called on Russia and Saudi Arabia to reach a deal soon and end their oil price war to avoid deepening the oil price crisis.
Categories: Business News

Trump says will ask Congress for more small business funds if money runs out

6 hours 25 min ago
U.S. President Donald Trump said on Saturday he would ask Congress for more money to make loans to small businesses struggling with the economic fallout from the coronavirus outbreak if the original $349 billion allocated in a fiscal stimulus bill runs out.
Categories: Business News

OPEC+ meeting delayed as Saudi Arabia and Russia row over oil price collapse: sources

7 hours 42 sec ago
OPEC and Russia have postponed a meeting due on Monday to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a row between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
Categories: Business News

U.S. dairy farmers dump milk as pandemic upends food markets

8 hours 13 min ago
Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening.
Categories: Business News

OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse

10 hours 4 min ago
OPEC and Russia have postponed a meeting planned for Monday until later next week, OPEC sources said on Saturday, as a row intensified between Moscow and Saudi Arabia over who is to blame for plunging oil prices.
Categories: Business News

How the coronavirus job cuts played out by sector and demographics

10 hours 41 min ago
The job losses suffered in March as the U.S. economy shut down in the face of the novel coronavirus pandemic were widespread but still were disproportionately felt in a handful of employment sectors and by women, the young and the less educated.
Categories: Business News

Exclusive: Amazon in contact with coronavirus test makers as it plans pandemic response

10 hours 53 min ago
Amazon.com Inc has been in contact with the CEOs of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, according to internal meeting notes seen by Reuters.
Categories: Business News

Tesla cuts contractors from California, Nevada factories: CNBC

Fri, 04/03/2020 - 23:19
Tesla Inc is cutting contractors from its U.S. car and battery plants, CNBC reported on Friday, citing workers and a contract staffing agency.
Categories: Business News

Wall Street Week Ahead: Investors look to coronavirus data to support stabilizing markets

Fri, 04/03/2020 - 21:26
Investors are parsing a broad range of signals, from infection counts to more traditional indicators, for clues on the trajectory markets may take in coming weeks as the pandemic caused by the novel coronavirus continues to spread.
Categories: Business News

OPEC+ debates biggest-ever oil cut, awaits U.S. efforts

Fri, 04/03/2020 - 21:12
By Rania El Gamal, Alex Lawler, Vladimir Soldatkin and Laila Kearney
Categories: Business News

Saudi energy minister rejects Russian comments about kingdom's withdrawal from OPEC+ deal

Fri, 04/03/2020 - 21:12
The Saudi energy minister on Saturday rejected Russia's remarks that the kingdom withdrew last month from a deal to cut output.
Categories: Business News

Saudi Arabia denies withdrawing from OPEC+ deal, says Russia was the one that withdrew

Fri, 04/03/2020 - 21:07
The Saudi foreign minister said early on Saturday that a statement attributed to Russia's President Vladimir Putin about the kingdom's withdrawal from the OPEC+ deal is not correct, and that Russia is the one that withdrew, state agency (SPA) reported.
Categories: Business News

U.S. airlines apply for U.S. payroll help but terms still unclear

Fri, 04/03/2020 - 21:03
Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed during a sharp downturn resulting from the coronavirus outbreak, but while talks over the terms were expected to continue in coming days some warned the funds would not be enough to help them through their toughest crisis ever.
Categories: Business News

U.S. SEC official urges delay in public comment on agency rule changes

Fri, 04/03/2020 - 20:48
The U.S. Securities and Exchange Commission's lone Democratic commissioner on Friday called for a delay in pending rule changes due to the coronavirus outbreak, while cautioning against excessive regulatory relief in the rush to assist companies struggling with fallout from the pandemic.
Categories: Business News

Why sweetened layoff benefits may be at odds with U.S. loan program

Fri, 04/03/2020 - 20:48
The generous U.S. unemployment benefits rolled out to blunt the economic harm caused by the coronavirus could have an unintended effect: it may actually be an incentive for companies to choose layoffs rather than keep staff on their books.
Categories: Business News

Explainer: Antitrust law won't get in the way of U.S. acting to raise oil prices

Fri, 04/03/2020 - 20:48
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
Categories: Business News

U.S. warns airlines to quickly refund tickets after canceled flights

Fri, 04/03/2020 - 20:47
The U.S. Transportation Department on Friday issued a notice to airlines reminding them they are obligated to refund tickets when they cancel a flight or make a significant flight schedule change that passengers opt not to accept, but will not take any immediate action against airlines.
Categories: Business News

Exxon plays on virus worries in Baytown contract talks: union official

Fri, 04/03/2020 - 20:47
A union official accused Exxon Mobil Corp on Friday of using "scare" tactics and exploiting economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery, allegations the company denied.
Categories: Business News

Trump invokes Defense Production Act to stop export of masks

Fri, 04/03/2020 - 20:43
U.S. President Donald Trump on Friday signed an order directing his administration to stop N-95 face masks and other personal protective equipment needed in the fight against the coronavirus pandemic from being exported to other countries.
Categories: Business News

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