Feed aggregator

Honda deploys its minivans to transport virus patients

Reuters Business News - Thu, 04/16/2020 - 21:18
Honda Motor Co said it has remodeled 50 of its minivans to transport COVID-19 patients to hospitals and quarantine facilities in Japan, sealing off the rear section of the vehicles to keep drivers safe from infection.
Categories: Reuters

U.S. loan program hits $350 billion cap leaving thousands of small businesses adrift

Reuters Business News - Thu, 04/16/2020 - 21:05
A $350 billion emergency U.S. loan program to help small businesses keep workers on their payrolls amid the novel coronavirus disruption has run out of funds, the U.S. Small Business Administration said on Thursday.
Categories: Reuters

Facebook to notify users who have engaged with harmful COVID-19 posts

Reuters Business News - Thu, 04/16/2020 - 21:03
Facebook Inc said on Thursday it would start notifying users who had engaged with false posts about COVID-19 which could cause physical harm, such as drinking bleach to cure the virus, and connect them to accurate information.
Categories: Reuters

Neiman Marcus skips debt payment as potential bankruptcy looms

Reuters Business News - Thu, 04/16/2020 - 21:02
Neiman Marcus Group skipped a debt payment due this week, the latest sign of a cash crunch pushing the U.S. luxury department store chain to the brink of a possible bankruptcy after it temporarily closed stores amid the coronavirus pandemic.
Categories: Reuters

T-Mobile wins final approval for closed merger with Sprint

Reuters Business News - Thu, 04/16/2020 - 21:01
California's Public Utilities Commission (CPUC) voted on Thursday to approve the merger of wireless carriers T-Mobile US Inc and Sprint Corp, marking the final approval for a $23 billion deal which closed on April 1.
Categories: Reuters

U.S. House Speaker Pelosi says Trump guidelines 'vague and inconsistent'

Reuters Business News - Thu, 04/16/2020 - 20:55
U.S. House Speaker Nancy Pelosi on Thursday called President Donald Trump's guidelines for reopening the economy "vague and inconsistent" and said more coronavirus testing needed to be done.
Categories: Reuters

Asian stocks set to rise as markets brace for China GDP data

Reuters Business News - Thu, 04/16/2020 - 19:39
Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.
Categories: Reuters

Oil little changed, U.S. ties 18-year low after OPEC cuts demand forecast

Reuters Business News - Thu, 04/16/2020 - 19:16
Oil prices ended little changed on Thursday after OPEC's lowering of its global demand forecast for 2020 was offset by some European countries saying they would relax coronavirus restrictions, pointing to a potential rebound in consumption.
Categories: Reuters

Futures jump late following data on potential virus treatment, Trump guidelines

Reuters Business News - Thu, 04/16/2020 - 19:13
U.S. stock index futures jumped in late trading on Thursday after a report of promising early data related to a potential COVID-19 treatment from Gilead Sciences and as guidelines for re-opening the U.S. economy came from the White House.
Categories: Reuters

Carnival CEO defends company's safety record as cruise industry remains grounded

Reuters Business News - Thu, 04/16/2020 - 19:11
Carnival Corp Chief Executive Officer Arnold Donald defended the company’s safety record on Thursday, telling reporters in a media call that Carnival followed protocols from international authorities while handling high-profile coronavirus outbreaks aboard two of its ships.
Categories: Reuters

U.S. rejects most Spirit, JetBlue requests to halt additional flights

Reuters Business News - Thu, 04/16/2020 - 19:00
The U.S. Transportation Department said on Thursday it had rejected most requests by JetBlue Airways Corp and Spirit Airlines to halt additional flights in the wake of the pandemic that has sent passenger traffic down by 95%.
Categories: Reuters

Trump announces plan to reopen virus-ravaged U.S. economy

Reuters Business News - Thu, 04/16/2020 - 18:30
U.S. President Donald Trump laid out guidelines on Thursday for reopening the coronavirus-ravaged U.S. economy, saying states should take a phased approach to let Americans return to work as conditions allow.
Categories: Reuters

Uber expects up to $2.2 billion charge, drop in quarterly revenue due to pandemic

Reuters Business News - Thu, 04/16/2020 - 18:20
Uber Technologies Inc said on Thursday it expects an impairment charge of up to $2.2 billion in the first quarter due to the coronavirus outbreak and revenue to decline by $17 million to $22 million in the quarter.
Categories: Reuters

French state may call on banks to contribute to Air France bailout

Reuters Business News - Thu, 04/16/2020 - 17:43
The French government may call on banks to contribute to a bailout of Air France KLM if it offers state support to the struggling airline, the finance minister said on Thursday.
Categories: Reuters

Uber to take charge of up to $2.2 billion due to coronavirus crisis

Reuters Business News - Thu, 04/16/2020 - 17:21
Uber Technologies Inc said on Thursday it expected an impairment charge of about $1.9 billion to $2.2 billion against some of its minority equity investments, due to the impact of the coronavirus outbreak on the value of those entities.
Categories: Reuters

World stocks gain on stay-at-home profits, bond yields slide

Reuters Business News - Thu, 04/16/2020 - 17:08
World stock markets edged higher on Thursday on surging shares of Netflix and Amazon.com as investors anticipated big earnings from the coronavirus-induced slowdowns keeping people at home, while bond yields fell as data reflected record U.S. joblessness.
Categories: Reuters

Fed's Bostic: U.S. small business may need up to $500 billion monthly in support through crisis

Reuters Business News - Thu, 04/16/2020 - 16:47
U.S. small businesses may need up to $500 billion a month to ensure their survival through the coronavirus crisis, the head of the Atlanta Federal Reserve Bank said on Thursday as Fed officials voiced concern over the speed and breadth of the country's fiscal response to an unprecedented economic slowdown.
Categories: Reuters

Wall Street rises as Amazon and Netflix hit record highs

Reuters Business News - Thu, 04/16/2020 - 16:27
U.S. stocks rose on Thursday as Amazon.com Inc and Netflix Inc surged to record highs, although trading was choppy as investors worried about the impact of the coronavirus pandemic on first-quarter earnings.
Categories: Reuters

Bleak jobs data keeps dollar at one-week high

Reuters Business News - Thu, 04/16/2020 - 16:14
The dollar hit a one-week high on Thursday as investors fled to safe-haven assets following the release of weekly U.S. jobless data which showed a record 22 million Americans have sought unemployment benefits in the last month, erasing nearly all job gains since the Great Recession.
Categories: Reuters

L'Oreal eyes post-confinement rush to hair salons

Reuters Business News - Thu, 04/16/2020 - 15:57
L'Oreal is counting on consumers rushing back to hair salons to help its business recover quickly once European and U.S. coronavirus lockdowns are lifted, it said on Thursday, adding that beauty sales were bouncing back already in China.
Categories: Reuters
Syndicate content