Reuters

Lyft to require passengers and drivers to wear masks

Reuters Business News - Thu, 05/07/2020 - 21:35
Lyft will require both passengers and drivers to wear masks and complete a health certification program, including confirming before each ride that they are not displaying symptoms associated with the novel coronavirus, the company said on Thursday.
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Exclusive: U.S. companies got emergency government loans despite having months of cash

Reuters Business News - Thu, 05/07/2020 - 20:43
When American companies recently applied for U.S. government loans meant to help small businesses survive the coronavirus crisis, they had to certify they needed the cash to cover basic needs like salaries and rent. The money, up to $10 million, was meant to tide them over for eight weeks.
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How Deere, Caterpillar kept plants running during the coronavirus outbreak

Reuters Business News - Thu, 05/07/2020 - 20:42
While Detroit automakers' unionized auto factories have been idled by the coronavirus pandemic, farm and construction equipment makers Deere and Caterpillar have won the support of the United Auto Workers and other unions to run their facilities during the pandemic.
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The great potato giveaway: U.S. farmers hand out spuds to avoid food waste

Reuters Business News - Thu, 05/07/2020 - 19:46
When Tina Yates pulled her truck up to a mall in western Washington state on Thursday, workers waved her past hundreds of cars waiting to pick up free russet potatoes.
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Michigan governor allows coronavirus-hit manufacturers to reopen on May 11

Reuters Business News - Thu, 05/07/2020 - 19:38
Michigan Governor Gretchen Whitmer on Thursday said the state's factories can reopen on May 11, removing one of the last major obstacles to North American automakers bringing thousands of laid-off employees back to work amid the coronavirus pandemic.
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Asia stocks poised to rise as upbeat earnings trump jobs gloom

Reuters Business News - Thu, 05/07/2020 - 19:02
Asian stocks were set to track Wall Street gains on Friday, after upbeat corporate earnings took the focus off upcoming data that is expected show the worst U.S. unemployment rate in more than 70 years.
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Government aid for Brazil's airlines shrinks, while Panama's Copa shrugs off bailout

Reuters Business News - Thu, 05/07/2020 - 18:42
Stress has been mounting for Latin American airlines as carriers brace for a slow recovery from the coronavirus pandemic, but Brazil's government on Thursday reduced the loan aid available for carriers, while Panama's Copa Airlines said it did not need a bailout.
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Uber sees rides recovering from coronavirus lows, banks on food-delivery momentum

Reuters Business News - Thu, 05/07/2020 - 18:12
Uber Technologies Inc's ride service bookings slowly recovered in recent weeks as the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
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Luxury retailer Neiman Marcus files for bankruptcy amid COVID-19 pandemic

Reuters Business News - Thu, 05/07/2020 - 18:08
Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.
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Wall Street gets PayPal lift as Nasdaq wipes out 2020 declines

Reuters Business News - Thu, 05/07/2020 - 17:01
Wall Street's indexes climbed on Thursday, with the Nasdaq erasing losses for 2020, following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
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Uber sees ride business up from coronavirus lows in some U.S. markets

Reuters Business News - Thu, 05/07/2020 - 17:00
Uber Technologies Inc's ride service bookings rose last week and the company expects a coronavirus-related slowdown will delay the goal of becoming profitable by a matter of quarters, not years, Chief Executive Dara Khosrowshahi said on Thursday.
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Ford plans to restart North America production from May 18

Reuters Business News - Thu, 05/07/2020 - 16:21
U.S. automaker Ford Motor Co said on Thursday it is planning to restart production and operations in North America in a phased manner, starting May 18.
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Macy's delays first-quarter results to July 1, citing COVID-19 disruption

Reuters Business News - Thu, 05/07/2020 - 16:10
Department store chain Macy's Inc on Thursday delayed its first-quarter earnings report to July 1, citing significant business disruption due to the COVID-19 pandemic, which has also led to delay in financial statement preparation.
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World stocks climb on China trade relief, while U.S. jobs data dents dollar

Reuters Business News - Thu, 05/07/2020 - 15:41
World shares rose on Thursday after China's exports came in far stronger than expected, suggesting an economic recovery was under way, but the dollar fell from two-week highs as U.S. data showed millions more Americans joined the ranks of the unemployed.
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Tesla's Musk delays release of Roadster sports car, repeats coronavirus lockdown criticism

Reuters Business News - Thu, 05/07/2020 - 15:36
Tesla Inc Chief Executive Elon Musk said in a podcast interview released on Thursday that the company's planned Roadster sports car would take a backseat to the development of other vehicle models.
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Uber sees encouraging signs in reopening markets, posts $2.9 billion loss

Reuters Business News - Thu, 05/07/2020 - 15:31
Uber Technologies Inc said on Thursday it saw encouraging signs in markets hit by the coronavirus epidemic as it posted a 14% rise in revenue growth, supported by its Uber Eats food-delivery business.
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Wall Street gains with PayPal boost despite weak jobs data

Reuters Business News - Thu, 05/07/2020 - 15:05
Wall Street's indexes climbed on Thursday following a clutch of upbeat earnings reports led by PayPal as investors looked past more weak jobs data caused by the coronavirus-induced economic downturn.
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Stay-at-home stocks Amazon, Microsoft lift Nasdaq into gain for 2020

Reuters Business News - Thu, 05/07/2020 - 14:55
The Nasdaq was on track to end Thursday in positive territory for 2020 after winning back the vast majority of steep losses caused in recent months by the coronavirus pandemic.
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Free beer! German brewery gives away beverages it can't sell

Reuters Business News - Thu, 05/07/2020 - 14:46
Unable to deliver to hotels and restaurants closed due to coronavirus restrictions, a German brewery on Thursday gave away some 2,600 litres (690 gallons) of beer.
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Stocks climb, shaking off U.S. jobs data, thanks to China trade relief

Reuters Business News - Thu, 05/07/2020 - 14:34
World shares rose on Thursday after Chinese exports proved far stronger than expected, suggesting a recovery was under way, but the dollar fell from two-week highs as another report showed millions of more Americans were unemployed.
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