Reuters

Mastercard to allow staff to work from home until virus fears subside

Reuters Business News - Wed, 05/20/2020 - 22:04
Mastercard Inc will not ask employees to return to its worldwide corporate offices until they are comfortable that the sometimes fatal coronavirus is under control with vaccines or other measures, a senior executive told Reuters on Wednesday.
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Canada Goose lays off 125 workers: WSJ

Reuters Business News - Wed, 05/20/2020 - 22:02
Canada Goose Holdings Inc has laid off about 125 workers, as the COVID-19 pandemic saps demand for the company's luxury parkas, the Wall Street Journal reported on Wednesday.
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Japan 'closely communicating' with U.S. after arrest of two men over Ghosn escape: source

Reuters Business News - Wed, 05/20/2020 - 21:51
Japan is closely communicating with relevant U.S. authorities following the U.S. arrest of two men on charges they enabled former Nissan Motor Co chairman Carlos Ghosn to escape from Japan last year, a Japanese government source said on Thursday.
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Nissan says it has noted U.S. arrests in Ghosn case, reserves right for legal measures

Reuters Business News - Wed, 05/20/2020 - 20:51
Nissan Motor Co said on Thursday it still reserves the right to take further legal measures in the case of its ousted former Chairman Carlos Ghosn, after the United States arrested two men on charges they enabled his escape from Japan.
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Canada Goose lays off 250 workers: WSJ

Reuters Business News - Wed, 05/20/2020 - 20:01
Canada Goose Holdings Inc has laid off about 250 workers, as the COVID-19 pandemic saps demand for the company's luxury parkas, the Wall Street Journal reported on Wednesday.
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Volkswagen admits car ad racist, apologizes

Reuters Business News - Wed, 05/20/2020 - 19:56
Volkswagen withdrew on Wednesday an advert posted on its official Instagram page for its Golf cars that it admitted was racist and insulting, saying it would investigate how it came about and draw consequences.
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Asia shares set for early gains as focus swings to recovery

Reuters Business News - Wed, 05/20/2020 - 18:50
Asian shares were poised to open higher on Thursday after global equities and crude prices rallied overnight on hopes of a rapid economic recovery and government support.
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U.S. regulators open door to possible tightening of Huawei chip curb

Reuters Business News - Wed, 05/20/2020 - 18:49
U.S. regulators are open to making changes to close what some see as a loophole in a new rule aimed at curbing global chip sales to blacklisted Chinese telecoms equipment maker Huawei Technologies Ltd, two U.S. officials said on Wednesday.
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Four Democratic U.S. senators warn against Uber buying Grubhub

Reuters Business News - Wed, 05/20/2020 - 18:48
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc would "raise serious competition issues" in many cities.
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U.S. airlines step up safety measures in preparation for recovery

Reuters Business News - Wed, 05/20/2020 - 18:47
U.S. carriers JetBlue Airways Corp and United Airlines Holdings Inc announced fresh safety measures on Wednesday aimed at restoring confidence in air travel as several executives pointed to signs domestic demand is improving.
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Mastercard to allow staff to work from home until COVID-19 vaccine hits market, executive says

Reuters Business News - Wed, 05/20/2020 - 18:41
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
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Expedia signals May rebound as cancellations stabilize

Reuters Business News - Wed, 05/20/2020 - 18:39
Online travel booking company Expedia Group Inc on Wednesday pointed to demand recovering in May as cancellation rates stabilize, overshadowing a bigger-than-expected quarterly loss and sending its shares up nearly 4%.
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Wall Street climbs on stimulus hopes, as S&P, Nasdaq hit multi-month highs

Reuters Business News - Wed, 05/20/2020 - 18:35
The three major averages on Wall St. notched their fourth gain in five sessions on Wednesday as investors again bet on a swift economic recovery from coronavirus-driven lockdowns and the potential for more stimulus measures from the Federal Reserve.
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Higher dose of Gilead-Galapagos drug meets ulcerative colitis study goals

Reuters Business News - Wed, 05/20/2020 - 18:33
Gilead Sciences Inc and partner Galapagos NV said on Wednesday only a higher dose of their experimental drug filgotinib showed greater effectiveness than placebo in a pivotal study testing it in ulcerative colitis patients.
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Mastercard to allow staff to work from home until COVID-19 vaccine hits market: executive

Reuters Business News - Wed, 05/20/2020 - 18:17
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
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Ford shuts two U.S. assembly plants due to COVID-19 infections

Reuters Business News - Wed, 05/20/2020 - 17:37
Ford Motor Co on Wednesday closed two U.S. assembly plants as the coronavirus pandemic wreaked early havoc with the No. 2 U.S. automaker's plan to restart North American production and begin making its most profitable vehicles again.
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Mastercard will not send staff back to offices without coronavirus vaccine, executive says

Reuters Business News - Wed, 05/20/2020 - 17:11
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Categories: Reuters

Mastercard will not send staff back to offices without coronavirus vaccine: executive

Reuters Business News - Wed, 05/20/2020 - 17:04
Mastercard Inc will not ask staff to return to its worldwide corporate offices until a vaccine is available for the sometimes fatal coronavirus that has infected the globe, a senior executive told Reuters on Wednesday.
Categories: Reuters

At Fiat Chrysler's Brazil plant, production resumes with safety checks

Reuters Business News - Wed, 05/20/2020 - 16:19
Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app every morning.
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Expedia posts bigger quarterly loss as pandemic takes toll

Reuters Business News - Wed, 05/20/2020 - 15:59
Expedia Inc posted a bigger-than-expected quarterly loss and suspended quarterly dividends on Wednesday, as the COVID-19 pandemic decimated travel demand and hit bookings at the online agent.
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