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Boeing plans to cut 787 Dreamliner output, jobs: Bloomberg News
Boeing Co is planning to cut 787 Dreamliner output by about half and announce job cuts in its first-quarter earnings report, Bloomberg news reported https://www.bloomberg.com/news/articles/2020-04-23/boeing-poised-to-cut-dreamliner-output-jobs-on-plunging-demand on Thursday.
Categories: Reuters
Asian stocks poised to rise after Wall Street gains slip away
Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for further government stimulus were offset by stark economic data showing the toll of the coronavirus pandemic.
Categories: Reuters
More U.S. companies return payroll loans after new Treasury guidance
U.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would have a hard time proving they really needed the coronavirus relief funds.
Categories: Reuters
Exclusive: Hertz taps debt restructuring advisers as car rental demand evaporates, sources say
Hertz Global Holdings Inc is working with debt restructuring advisers to explore options for shoring up its finances after the coronavirus pandemic killed demand for car rentals, people familiar with the matter said on Thursday.
Categories: Reuters
U.S. House passes $500 billion coronavirus bill and oversight panel
The U.S. House of Representatives overwhelmingly approved a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented near $3 trillion.
Categories: Reuters
S&P 500 slips after report on coronavirus drug trial
The S&P 500 ended marginally lower on Thursday after a report that an experimental antiviral drug for the coronavirus flopped in its first randomized clinical trial, denting optimism that the pandemic's impact on the labor market was nearing an end.
Categories: Reuters
Exclusive: Argentina plans higher local oil price to protect sector amid rout - sources
Argentina plans to issue a decree setting a higher local oil barrel price to protect the domestic industry from being further decimated by a collapse in global prices and slumping fuel demand due to the coronavirus pandemic, two industry sources told Reuters on Thursday.
Categories: Reuters
Ruth's Chris owner to speed repayment of $20 million federal rescue loan
Ruth's Hospitality Group Inc, owner of the Ruth's Chris Steak House chain of restaurants, on Thursday said it would quickly repay $20 million of federal rescue loans it received to help maintain payroll through the coronavirus crisis, a program aimed at small businesses.
Categories: Reuters
Congress approves $484 billion coronavirus-relief bill
The U.S. House of Representatives on Thursday passed a $484 billion bill to expand federal loans to small businesses impacted by the coronavirus outbreak and hospitals overwhelmed by patients suffering from COVID-19.
Categories: Reuters
TD Ameritrade restricts customer trading in crude oil futures: statement
Electronic brokerage TD Ameritrade Holding is restricting customers from buying new positions in certain crude oil contracts after an unprecedented sell-off that sent prices below negative-$40 on Monday, a company official said on Thursday.
Categories: Reuters
UAW says virus makes early May restart of U.S. auto plants 'too risky'
The head of the United Auto Workers union on Thursday said it was "too soon and too risky" to reopen auto plants and Michigan's economy in early May, citing insufficient scientific data and coronavirus testing to assure workplaces are safe.
Categories: Reuters
Fed says working to broaden access to 'PPP' facility beyond banks
The Federal Reserve said on Thursday it will "shortly" announce new rules to expand access to a small business lending program beyond banks, so that a broader set of institutions can participate.
Categories: Reuters
Intel not updating full-year outlook due to 'economic uncertainty'
Intel Corp on Thursday forecast second-quarter earnings below Wall Street views as it cited the cost of readying a new PC chip and said it would not update its full-year forecast because of "significant economic uncertainty" amid the coronavirus pandemic.
Categories: Reuters
New York survey suggests 2.7 million in state may have coronavirus antibodies
New York Governor Andrew Cuomo said on Thursday a preliminary survey found that nearly 14% tested positive for antibodies against the novel coronavirus, suggesting that as many as 2.7 million New Yorkers may have been infected with the disease.
Categories: Reuters
Colombia's Avianca says its survival is in doubt due to coronavirus crisis
There is "substantial doubt" about Avianca Holdings' ability to stay in business due to the coronavirus crisis, the Colombian airline reported on Thursday, citing the conclusion of its financial auditors.
Categories: Reuters
U.S. House looks set to pass $500 billion coronavirus bill and oversight panel
The U.S. House of Representatives looked poised to pass a $484 billion coronavirus relief bill on Thursday, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Categories: Reuters
U.S. House prepares to pass $500 billion coronavirus bill, approves oversight panel
The U.S. House of Representatives was poised on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Categories: Reuters
Intel sees lower quarterly profit on weaker global chip demand
Intel Corp forecast current-quarter profit below analysts' estimates on Thursday as the semiconductor industry deals with slack demand due to massive shutdowns from the coronavirus outbreak, sending the chipmaker's shares down 6% in extended trading.
Categories: Reuters
Equities barely up oil price rebound, stimulus hopes
Most major stock markets edged up slightly in mixed markets on Thursday as investors weighed a rebound in oil prices and prospects for further government stimulus against stark economic data showing the toll of the coronavirus pandemic.
Categories: Reuters
U.S. House to pass $500 billion coronavirus bill as next fight looms
The U.S. House of Representatives returned to Washington on Thursday to pass a $484 billion coronavirus relief bill, funding small businesses and hospitals and pushing the total spending response to the crisis to an unprecedented nearly $3 trillion.
Categories: Reuters