Reuters

Billionaire investor William Ackman, who has long worried about risks posed by the coronavirus, called on the Trump administration on Wednesday to seal off the country for 30 days and said stocks would "soar" if such restrictions were imposed.

General Motors Co confirmed on Wednesday it is considering how it could support production of medical equipment like ventilators that may be needed to combat the coronavirus outbreak.

Air Canada said on Wednesday it would gradually suspend the majority of its international and U.S. trans-borderflights by March 31 in response to the coronavirus crisis.

Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents on the dollar, two sources said.

German fashion house Hugo Boss on Wednesday scrapped the outlook it gave for 2020 results less than two weeks ago and took action to protect its cash balance, suspending store renovations and new openings and limiting the inflow of stock.

The Trump administration on Wednesday asked Congress to approve $500 billion in cash payments to taxpayers in two rounds that would start April 6 and $50 billion in secured loans to U.S. airlines to address the financial impact of the coronavirus, according to a document seen by Reuters.

Tesla Inc is preparing to reduce staffing by about 75% at its lone U.S. assembly plant after initially resisting an order from the local sheriff, Bloomberg News reported on Wednesday, citing a county spokesman.

U.S. stocks deepened their selloff on Wednesday and the Dow effectively erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as repercussions of the coronavirus pandemic threatened to cripple economic activity.

U.S. hotel operator Marriott International Inc said on Wednesday it was withdrawing its 2020 financial outlook as cancellations mount due to the coronavirus outbreak.

Intercontinental Exchange Inc said the New York Stock Exchange (NYSE) will temporarily close the trading floors and move fully to electronic trading beginning Monday due to the coronavirus outbreak.

Global equities tumbled further on Wednesday, with bond and gold prices also sliding in an unusual tandem, as markets grappled with the scale of government programs aimed at softening the economic shockwave from the coronavirus.

The Detroit Three automakers will shut down their U.S. plants to stop the spread of coronavirus, bowing to pressure from the union representing about 150,000 hourly workers at those facilities, industry officials said.

Shares in U.S. airlines fell sharply on Wednesday after Washington proposed a rescue package of $50 billion in loans, but no grants as the industry had requested, to help address the financial impact from the deepening coronavirus crisis.

Jeweler Pandora A/S said on Wednesday it has temporarily closed all its physical owned- and operated-stores in Italy, Spain, France, Germany and the United States, among other places, in line with government guidelines amidst the coronavirus outbreak.

U.S. stocks deepened their sell-off on Wednesday and the Dow erased the last of its gains since U.S. President Donald Trump's 2017 inauguration, as the coronavirus pandemic threatened to cripple U.S. economic activity.

As Wall Street extended its deep sell-off on Wednesday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once sizeable gains it made under U.S. President Donald Trump.

Royal Dutch Shell Plc will temporarily suspend construction activities on a multi-billion dollar ethane cracker being constructed along the Ohio River in Beaver County, Pennsylvania, amid concerns about coronavirus spreading, the company said in a statement late Wednesday.

Oil prices plunged on Wednesday, with U.S. crude futures hitting an 18-year low, as governments worldwide accelerated lockdowns to counter the coronavirus pandemic.

Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output. [O/R]

Simon Property Group Inc , America's biggest mall operator, said on Wednesday it would temporarily close all its retail properties, including the Forum Shops at Caesars Palace in Las Vegas, to tackle the fast-spreading coronavirus.