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Updated: 52 min 42 sec ago

GLOBAL MARKETS-Asian markets look to follow Wall Street rally as oil surges

Thu, 04/02/2020 - 19:38
Asian markets on Friday looked to latch onto Wall Street's overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about the depth of a global recession.
Categories: Business News

UPDATE 1-Bed Bath sues 1-800-Flowers for trying to renege on deal over COVID-19

Thu, 04/02/2020 - 19:25
Bed Bath & Beyond Inc has asked a judge to hold 1-800-Flowers.Com Inc to a $252 million deal between the companies in what appears to one of the first examples of a corporate sale coming unraveled due to the coronavirus pandemic.
Categories: Business News

France races to boost supplies of critical medications

Thu, 04/02/2020 - 19:23
The French government is racing to try to ensure it can produce or procure itself certain medications as stocks run low due to the coronavirus outbreak, French Prime Minister Edouard Philippe said on Thursday.
Categories: Business News

UPDATE 2-Retail sector companies turn to masks, gloves in coronavirus fight

Thu, 04/02/2020 - 19:05
Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by promising face masks, gloves and sanitizers.
Categories: Business News

Airline industry braces for prolonged recovery from coronavirus crisis

Thu, 04/02/2020 - 19:03
* International seat capacity at 23% of 2019 levels - ForwardKeys
Categories: Business News

American Airlines slashes flights but has no plans to halt U.S. service

Thu, 04/02/2020 - 18:57
American Airlines Co said on Thursday it is cutting additional flights this summer as travel demand has drastically shrunk amid the coronavirus pandemic.
Categories: Business News

UPDATE 1-Disney to furlough some U.S. employees in wake of coronavirus

Thu, 04/02/2020 - 18:46
Walt Disney Co said on Thursday it will start furloughs of non-essential U.S. employees across the company on April 19, a response to the global coronavirus outbreak that has shut down or disrupted its media and theme park businesses.
Categories: Business News

Amazon executive on defense after comments about warehouse protest leader

Thu, 04/02/2020 - 18:36
Amazon.com Inc's general counsel on Thursday said his emotions clouded his judgment when he wrote meeting notes in which he allegedly outlined a public relations strategy against a protest organizer and questioned the employee's intelligence.
Categories: Business News

GM rolls out safety protocols for ventilator-making workers

Thu, 04/02/2020 - 18:30
General Motors Co on Thursday rolled out a series of safety measures for workers in Indiana who will make ventilators, outlining what could be a blueprint for opening U.S. auto plants in the coming weeks.
Categories: Business News

TABLE-Top 20 vehicles sold in the United States in Q1 2020

Thu, 04/02/2020 - 18:23
The following are the 20 top-selling vehicles in the United States in Q1 2020, as reported by automakers and ranked by total units. Top 20 selling vehicles in the United States in Q1 2020: RANK VEHICLE Q1 2020 Q1 2019 PCT CHNG 1 Ford F-Series P/U 186,562 214,611 -13.1 2 Chevy Silverado-C/K P/U 144,734 114,313 +26
Categories: Business News

Disney to furlough employees as coronavirus bites

Thu, 04/02/2020 - 18:20
Walt Disney Co said on Thursday it would start furloughs of non-essential employees on April 19, citing the impact of the coronavirus outbreak on its business. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Sriraj Kalluvila)
Categories: Business News

UPDATE 3-Texas regulator aims to wrangle oil output cuts from Saudis, Russia

Thu, 04/02/2020 - 18:09
A little-known Texas state regulator waded into oil diplomacy on Thursday, calling Russia's energy minister to discuss possible oil production curbs and angling for talks with Saudi Arabia as many producers in the U.S. state's biggest industry warned it was near collapse.
Categories: Business News

UPDATE 1-Retail sector companies turn to masks, gloves in coronavirus fight

Thu, 04/02/2020 - 18:07
Major U.S. retail sector companies on Thursday moved to allay health and safety concerns of staff working at warehouses and stores through the coronavirus pandemic by promising face masks, gloves and sanitizers.
Categories: Business News

Chipotle under pressure in New York over coronavirus sick leave

Thu, 04/02/2020 - 18:05
Less than two months after settling with New York City regulators over paid sick leave, Chipotle Mexican Grill Inc is under pressure for its policies amid the coronavirus pandemic.
Categories: Business News

U.S. high-grade corporate bond issuance sets weekly record

Thu, 04/02/2020 - 17:56
Highly rated U.S. corporate bond issuers raised a record $110.502 billion this week, according to Refinitiv IFR data, as fears that the coronavirus pandemic may limit access to capital markets stoked borrowing.
Categories: Business News

U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall

Thu, 04/02/2020 - 17:54
Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system.
Categories: Business News

UPDATE 2-Cenovus backs further curtailment as Alberta mulls global oil cut

Thu, 04/02/2020 - 17:48
Canada's Cenovus Energy Inc on Thursday said it would support any further moves by the oil-rich province of Alberta to curtail production as the industry scrambles to head off a storage crunch.
Categories: Business News

UPDATE 7-Trump touts 'great' Saudi-Russia oil deal to halt price rout, but details unclear

Thu, 04/02/2020 - 17:47
* Fuel demand has slumped on coronavirus outbreak (Adds comment from Texas regulator)
Categories: Business News

JPMorgan Chase probably unable to accept small business loan applications Friday -memo

Thu, 04/02/2020 - 17:45
JPMorgan Chase & Co emailed many small business customers on Thursday to tell them it is still awaiting federal guidance on the small business loans program Congress approved last week, and it may not be ready to accept applications when the program launches on Friday.
Categories: Business News

JCP Partners asks Dine Brands to spin off IHOP in shareholder proposal

Thu, 04/02/2020 - 17:40
Activist investment firm JCP Investment Partnership is urging Dine Brands Global Inc to spin off its IHOP pancake house restaurant chain at a time restaurants have largely been ordered to shut in order to help slow the spread of the coronavirus.
Categories: Business News

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