Reuters Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 4 years 29 weeks ago
Wall Street set for slight bounce after 'Black Monday' carnage
Wall Street's main indexes looked set for a bounce on Tuesday, a day after their biggest drop since the 1987 crash, as efforts to contain the rapidly-spreading coronavirus upended parts of the economy and dampened business sentiment.
Categories: Reuters
Uber suspends pooled rides in U.S., Canada to limit coronavirus spread
Uber Technologies Inc on Tuesday began suspending shared rides on its ride-hailing platform in the United States and Canada to limit the spread of the coronavirus.
Categories: Reuters
Exclusive: Airbus signals government help needed if crisis lasts months - sources
Europe's Airbus has signaled that some government support may be needed if the coronavirus crisis lasts for several months, three people familiar with the matter said.
Categories: Reuters
Facebook to award $100 million in grants, ad credits to small businesses
Facebook Inc said Tuesday it plans to award $100 million in cash grants and ad credits for up to 30,000 small businesses in over 30 countries to address the economic impact of the coronavirus outbreak.
Categories: Reuters
Global airlines running out of cash, need government support: IATA
Swift government action is needed to help global airlines that are in a desperate situation and running out of cash, the International Air Transport Association warned on a media call on Tuesday.
Categories: Reuters
Senate weighs emergency spending amid outbreak; administration urges more
The U.S. Senate on Tuesday prepared to weigh a multibillion-dollar emergency spending bill passed by the House of Representatives offering some economic relief from the coronavirus outbreak as the Trump administration pressed for billions more.
Categories: Reuters
Factbox: Retailers close stores around globe to curb coronavirus spread
Retailers have been closing stores around the globe to reduce the risk of transmission of the coronavirus, which has killed over 6,500 people and infected more than 174,000 while disrupting supply and production chains.
Categories: Reuters
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
Amazon.com Inc on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their needs during the coronavirus outbreak.
Categories: Reuters
Ventas sees slowdown in move-ins to senior centers amid coronavirus pandemic
Ventas Inc said on Tuesday it was experiencing a slowdown in move-ins at its senior housing business and withdrew its 2020 financial forecasts, as the coronavirus pandemic raises the risk of tenants moving out.
Categories: Reuters
Fiat Chrysler's only open Italian plant running at reduced capacity
Fiat Chrysler (FCA) has resumed limited production at its Atessa facility in Italy, the automaker's only open assembly plant, having halted operations at most of its European factories, a spokesman said on Tuesday.
Categories: Reuters
Trump administration to seek $850 billion to stem virus' economic fallout: report
The Trump administration plans is seeking a $850 billion stimulus package aimed at buffering the economy against fallout from coronavirus, the Washington Post reported on Tuesday citing four unnamed officials familiar with the plan.
Categories: Reuters
Oil near $30 as recession fears, pump war weigh
Oil traded near $30 a barrel on Tuesday, close to its lowest since 2016, and analysts said more declines may follow as the coronavirus pandemic hits demand and Saudi Arabia and Russia battle for market share.
Categories: Reuters
Volkswagen says diesel scandal has cost it 31.3 billion euros
Volkswagen said its diesel cheating scandal has cost it 31.3 billion euros ($34.69 bln) in fines and settlements, and the German carmaker expects cash outflows to continue until 2021, adding that these have already been provisioned for.
Categories: Reuters
Volkswagen suspends production as coronavirus hits sales
Volkswagen Group , the world's biggest carmaker, is suspending production at factories across Europe as the coronavirus pandemic hits sales and disrupts supply chains, the company said on Tuesday.
Categories: Reuters
L Brands temporarily closes stores, draws down $950 million from existing credit line
L Brands Inc said on Tuesday it would temporarily close all its stores, including those of Bath & Body Works and Victoria's Secret, in the United States and Canada through March 29 and that it has drawn down $950 million from an existing credit line due to the coronavirus outbreak.
Categories: Reuters
China's JD.com to buy back $2 billion shares
China's JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares, after the e-commerce company estimated a growth in sales in the current quarter that has been ravaged by the coronavirus outbreak.
Categories: Reuters
Futures point higher after Wall Street's steepest plunge since 1987
U.S. stock index futures rose in volatile trading on Tuesday, a day after Wall Street's steepest fall since 1987, as drastic efforts to contain the coronavirus pandemic paralyzed parts of the economy and crushed business sentiment.
Categories: Reuters
China's JD.com to buy back $2 billion shares amid coronavirus fears
China's e-commerce company JD.com Inc said on Tuesday it would buy back up to $2 billion of its shares as the coronavirus outbreak grows bigger.
Categories: Reuters
Oil falls to $30 on recession fears and Saudi pump war
Oil fell below $30 a barrel on Tuesday, trading close to its lowest in more than four years, as the coronavirus pandemic hit demand and Saudi Arabia raised output to a record as it battles with Russia for market share.
Categories: Reuters