Reuters

Musk, Medtronic discuss ventilators amid coronavirus outbreak

Reuters Business News - Sat, 03/21/2020 - 18:57
As the United States is combating a shortage of ventilators and respirators amid the coronavirus outbreak, Tesla Chief Executive Officer Elon Musk said he has had a discussion about ventilators with medical device maker Medtronic.
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Virus hit UK companies told to halt financial statements

Reuters Business News - Sat, 03/21/2020 - 18:23
Britain's listed companies should not publish preliminary financial statements for at least two weeks to better assess how the coronavirus epidemic is affecting their business, the Financial Conduct Authority said on Saturday.
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Volkswagen CEO warns factory closures may drag on for weeks

Reuters Business News - Sat, 03/21/2020 - 16:14
Volkswagen AG CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned.
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Shame on you, Britain tells coronavirus panic-buyers

Reuters Business News - Sat, 03/21/2020 - 15:29
Britain on Saturday told people who were panic-buying and hoarding food due to the coronavirus outbreak to calm down, pointing to a video on social media showing an exhausted nurse driven to tears by finding shelves bare after her shift.
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Exclusive: Amazon.com to stop shipping non-essentials to consumers in Italy and France

Reuters Business News - Sat, 03/21/2020 - 15:16
Amazon.com will stop shipping non-essential products to consumers in Italy and France, the company said on Saturday, representing an escalation in the e-commerce giant's response in regions hard hit by the coronavirus outbreak.
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Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Reuters Business News - Sat, 03/21/2020 - 15:12
Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.
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Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Reuters Business News - Sat, 03/21/2020 - 14:24
Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.
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Emirates stops flights to New York and other cities as virus crushes demand

Reuters Business News - Sat, 03/21/2020 - 13:54
Emirates is suspending flights to cities including New York, Delhi and Melbourne due to the coronavirus outbreak that has severely hit travel demand.
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Exclusive: Amazon raises overtime pay for warehouse workers

Reuters Business News - Sat, 03/21/2020 - 12:59
Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.
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Exclusive: Agitating bondholders press Argentina to step up efforts

Reuters Business News - Sat, 03/21/2020 - 12:01
Agitating bondholders have written to Argentina's government, accusing it of not doing enough to allow the country's crucial debt restructuring negotiations to make progress, according to bondholder sources involved in the process.
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Best Buy withdraws fiscal 2021 financial guidance

Reuters Business News - Sat, 03/21/2020 - 11:16
Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.
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LVMH orders 40 million masks from China for France

Reuters Business News - Sat, 03/21/2020 - 10:38
LVMH , the world's biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.
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Volkswagen to shut some factories for more than two weeks: CEO

Reuters Business News - Sat, 03/21/2020 - 08:15
German carmaker Volkswagen AG said on Saturday its factories will be closing for two weeks and in some regions three, amid growing concerns over the spread of the coronavirus.
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Wells Fargo asks Fed to lift cap on growth to support customers: FT

Reuters Business News - Sat, 03/21/2020 - 07:43
Wells Fargo & Co has asked the U.S. Federal Reserve to remove an asset cap introduced during its accounts scandal in order to allow it to support businesses and customers hit by the coronavirus economic fallout, the Financial Times reported.
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Starbucks closes most U.S., Canada cafes, moves to drive-through

Reuters Business News - Sat, 03/21/2020 - 05:30
Starbucks Corp said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.
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Google launches coronavirus website in the United States

Reuters Business News - Sat, 03/21/2020 - 02:00
Alphabet Inc's Google said on Saturday it launched a United States-focused website with information about coronavirus guidance and testing, as the country works on slowing the spread of the highly contagious virus.
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Volkswagen to close factories in Mexico to protect public health

Reuters Business News - Sat, 03/21/2020 - 01:54
German automaker Volkswagen will temporarily close its factories in Mexico's Puebla and Guanajuato states in a bid to preserve public health, the company's Mexican unit said in a statement on Friday, amid growing worries over the spread of the coronavirus.
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Uber suspends taxi booking option in Saudi Arabia

Reuters Business News - Sat, 03/21/2020 - 01:30
Uber Technologies has suspended the option to book regular taxi services through its app in Saudi Arabia until further notice, a company statement said on Friday.
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U.S. seeks comments on tariff cuts for Chinese imports to aid coronavirus battle

Reuters Business News - Fri, 03/20/2020 - 23:27
The Trump administration on Friday said it was soliciting public comments on lifting additional tariffs on Chinese imports that could help the United States battle the coronavirus pandemic, showing some flexibility in its trade war against Beijing.
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United Airlines slashes international schedule by 95% for April

Reuters Business News - Fri, 03/20/2020 - 22:07
United Airlines Holdings Inc said on Friday it would slash its international schedule by 95% for April because of government restrictions prohibiting travel in an effort to curb the spread of the coronavirus.
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