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Updated: 4 years 30 weeks ago
News Corp sees hit to ad revenue from coronavirus pandemic
Rupert Murdoch's News Corp said on Monday its newspaper advertising revenue would take a hit from widespread business closures caused by the coronavirus outbreak, although paid digital subscriptions for the Wall Street Journal are rising.
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'Elbow to elbow:' North America meat plant workers fall ill, walk off jobs
At a Wayne Farms chicken processing plant in Alabama, workers recently had to pay the company 10 cents a day to buy masks to protect themselves from the new coronavirus, according to a meat inspector.
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Reasons for hope: the drugs, tests and tactics that may conquer coronavirus
With much of the world living in lockdown, the spread of the new coronavirus, SARS-CoV-2, that was first detected in China late last year is beginning to slow in some places. As of April 12, 1.8 million had been infected and 115,000 killed by COVID-19, the disease caused by the virus.
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Crude mixed on output deal, recession fears; shares slip
Stocks on Wall Street mostly slid on Monday over concerns of what the coronavirus pandemic will do to corporate earnings, while crude prices were mixed as a global deal on record output cuts failed to quell doubts the pact would head off an oil glut.
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Amazon stops accepting new online grocery customers amid surging demand
Amazon will begin to put new grocery delivery customers on a wait list and curtail shopping hours at some Whole Foods stores to prioritize orders from existing customers buying food online during the coronavirus outbreak, the company said on Sunday.
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Trump: It's my decision when to reopen U.S. economy
President Donald Trump said on Monday it was his decision when to reopen the U.S. economy, not that of state governors, but legal experts disagree and governors are going their own way.
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S&P 500 ends down as earnings set to kick off
The Dow and S&P 500 fell on Monday after last week's strong gains, as U.S. companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon gains helped the Nasdaq end higher.
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Oil mixed as demand worries offset gains from output cut deal
Oil prices were mixed on Monday, as the historic production-cut deal inked by major global oil producers was not enough to assuage existing worries about the demand destruction brought on by the coronavirus pandemic.
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Exclusive: U.S. Treasury wants details on airline debt, liquidity, loyalty programs - sources
U.S. Treasury officials have asked airlines seeking government payroll support to provide additional detailed information on capital structure, liquidity and loyalty programs, people briefed on the matter told Reuters.
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Exclusive: Treasury wants warrants, repayment from major U.S. airlines on 30% of grant money - sources
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U.S. airlines ease loyalty programs in coronavirus travel slump
U.S. airlines are extending loyalty program benefits and status into 2021 for members homebound because of the new coronavirus.
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Single passenger flights: The daily woes of airlines, and the crew still working
When Reuters photographer Carlos Barria boarded American Airlines flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger on the 76-seat jet.
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After pandemic, Fed policymakers see slow U.S. recovery
The U.S. economy is set for a deep slide in coming months with the coronavirus forcing businesses to shut and putting millions out of work, but Federal Reserve policymakers are also warning of a slugging recovery once the pandemic subsides.
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Fashion giant Inditex working at reduced capacity despite loosened Spanish lockdown
Employees at global fashion giant Inditex's 10 logistics centres in Spain - from where it sends garments to its stores worldwide - returned to work on Monday but only to less than half their normal levels of activity, workers said.
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Athene pays $45 million fine in first settlement of New York pension transfer probe
Athene Holding Ltd agreed on Monday to pay a $45 million civil fine to settle charges it conducted insurance business in New York without a license, the first settlement in a probe into an industry where life insurers take over corporate pension plans.
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McDonald's faces class action over 'pervasive sexual harassment'
McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
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Ford making masks to protect workers against COVID-19
Ford Motor Co said on Monday it is producing face masks at a Michigan plant to protect its workers from the coronavirus pandemic and is seeking to have those masks certified for medical use.
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Russia hails oil deal it says will save millions of U.S.jobs
The global oil production deal clinched at the weekend will help establish a price floor and save millions of jobs in the United States, senior Russian officials said on Monday.
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GE offers to buy back at least $9 billion in debt, plans new longer-maturities issue
General Electric Co offered on Monday to buy back at least $9 billion in debt as part of a plan to cut its financial risk and manage liquidity in response to the downturn in business caused by the coronavirus pandemic.
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