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Updated: 4 years 29 weeks ago
Oil futures pare gains after U.S. inventories surge most on record
Oil prices pulled back Wednesday, with benchmark Brent turning negative as U.S. crude inventories surged the most on record, but the pullback was muted by hopes that a meeting between OPEC and allied producers on Thursday will trigger output cuts.
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Nordstrom temporarily shutters headquarters on coronavirus fears
Nordstrom Inc has temporarily shut down its corporate headquarters in Seattle due to the spread of the coronavirus in the area, the retailer said in a filing on Wednesday.
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Ferrari to pilot employee screening for coronavirus: Elkann
Luxury group Ferrari will pilot a project to conduct voluntary screening of employees and their families to better fight the novel coronavirus outbreak, the head of holding group Exor , which controls the supercarmaker, said on Wednesday.
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Video service Zoom taking security seriously: U.S. government memo
Video conferencing company Zoom has been responsive to concerns over its software, the U.S. Department of Homeland Security (DHS) said in a memo recently distributed to top government cybersecurity officials and seen by Reuters.
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Exclusive: Venezuela gasoline shortages worsen as U.S. tells firms to avoid supply - sources
Gasoline shortages in Venezuela are worsening after U.S. officials have told foreign firms to refrain from supplying the fuel to the sanctioned South American nation and only provide diesel, according to five people familiar with the situation.
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Corona beer maker Constellation to reduce production in Mexico during pandemic
Constellation Brands Inc , the U.S. distributor of Corona beer, said on Wednesday it would reduce production at its Mexican breweries, just days after it announced they were fully operational.
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JetBlue seeks government permission to suspend flying at some airports as demand drops
JetBlue Airways Corp said on Wednesday it is consolidating flights in five U.S. metropolitan areas into just one or two airports and also asking the U.S. Department of Transportation to exempt it from flying at other airports where current demand does not support its service.
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EasyJet founder seeks to oust directors over Airbus plane order
EasyJet's founder Stelios Haji-Ioannou demanded on Wednesday a shareholder vote to remove two directors, as part of his battle to try to force the British airline to cancel an order for 107 Airbus planes.
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McDonald's pulls 2020 outlook as quarterly comparable sales fall 3.4%
McDonald's Corp posted a steeper-than-expected decline in quarterly comparable store sales and the company pulled its full-year forecast as coronavirus-led lockdowns forced it to shutter stores and stick to delivery or take-out.
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GM to supply 30,000 ventilators in $500 million U.S. contract
The United States on Wednesday awarded automaker General Motors Co a contract worth $489.4 million to make ventilators needed to treat severely sick coronavirus patients.
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Tesco defends dividend payout as warns coronavirus costs could top $1 billion
Tesco has defended its decision to pay investors a 635 million pound ($782 million) dividend while accepting business tax relief from the British government aimed at helping distressed retailers through the coronavirus crisis.
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German foreign ministry restricts use of Zoom over security concerns: report
The German foreign ministry has restricted use of the video conferencing service Zoom , saying in an internal memo to employees that security and data protection weaknesses made it too risky to use, newspaper Handelsblatt reported on Wednesday.
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McDonald's quarterly same-store sales fall more than market expectations
McDonald's Corp said first-quarter comparable sales declined 3.4%, as the world's largest burger chain had to shutter stores and stick to delivery or take-out due to the coronavirus outbreak across the globe.
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Constellation Brands cuts back Mexico operations to protect workers
U.S. brewer Constellation Brands has begun reducing operations at its breweries in Mexico to protect its workers in line with government directives to contain the spread of the coronavirus, the company said on Wednesday.
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HSBC reports potential money laundering breaches in Australia
HSBC has reported itself to Australia's financial regulator for possible breaches of anti-money laundering rules, the bank disclosed in a regulatory filing by its Australian subsidiary.
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Spirit AeroSystems halts production for Boeing jets indefinitely
Spirit AeroSystems Holdings Inc , Boeing's top supplier, said on Wednesday it had stopped production for the planemaker for an indefinite period and would furlough workers supporting Boeing programs in Kansas and Oklahoma.
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Tiffany says Australian regulators seek more time to review LVMH deal
Tiffany & Co said on Wednesday Australian regulators have sought more time to review LVMH's multi-billion dollar purchase of the U.S. jeweler due to the coronavirus outbreak, potentially delaying closure of the deal.
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H&M borrows 980 million euros to boost liquidity buffer amid pandemic
H&M , the world's second-biggest fashion retailer, said on Wednesday it had signed a 980 million euro ($1.1 billion) revolving credit facility to strengthen its liquidity buffer in light of the novel coronavirus pandemic.
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Dollar firms on rising coronavirus crisis worries
The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic.
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SoftBank-backed Oyo furloughs some U.S. workers as coronavirus hits revenue
SoftBank-backed Oyo Hotels and Homes is furloughing some employees to cut costs, it said on Wednesday, as lower travel due to the coronavirus pandemic slams the hospitality industry.
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