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Iceland could mull taking stake in Icelandair if state injects funds: PM

Reuters Business News - Sun, 05/03/2020 - 12:44
Iceland may consider taking a stake in Icelandair Group if the government injects funds into the airline, Bloomberg reported, citing comments by Prime Minister Katrin Jakobsdottir to a local radio station.
Categories: Reuters

White House adviser won't rule out more money for states, small businesses

Reuters Business News - Sun, 05/03/2020 - 12:20
White House economic adviser Larry Kudlow said on Sunday he would not rule out anything in a new relief bill to ease the "tremendous hardships" of the coronavirus outbreak, including more money for state and local governments and small businesses.
Categories: Reuters

U.S. processes over $500 billion in small business loans to stem coronavirus fallout

Reuters Business News - Sun, 05/03/2020 - 11:27
The United States has made over $500 billion in loans to small businesses hit hard by the coronavirus pandemic, and about $145 billion remains in the congressionally approved fund, the U.S. Small Business Administration and Treasury Department said Sunday.
Categories: Reuters

GM and SAIC's China sales rebound in April as market recovers

Reuters Business News - Sun, 05/03/2020 - 10:39
General Motors' sales in China saw double-digit year-on-year growth in April, its two local ventures said on Sunday, as the world's biggest auto market recovers from the coronavirus.
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Roche wins U.S. nod for COVID-19 antibody test, aims to boost output

Reuters Business News - Sun, 05/03/2020 - 10:08
Roche has won emergency approval from the U.S. Food and Drug Administration (FDA) for an antibody test to determine whether people have ever been infected with the coronavirus, the Swiss drugmaker said on Sunday.
Categories: Reuters

Lufthansa board hopeful of securing government bailout soon

Reuters Business News - Sun, 05/03/2020 - 10:04
Lufthansa is hopeful its bailout talks with the German government can be concluded soon, the airline's board told staff in a letter seen by Reuters, adding that it is also considering alternatives such as creditor protection.
Categories: Reuters

Pipe-laying vessel reaches Baltic as Russia's Nord Stream 2 target looms

Reuters Business News - Sun, 05/03/2020 - 09:18
A special pipe-laying vessel that could be used by Russia to complete construction of the Nord Stream 2 gas pipeline to Germany has arrived in the Baltic Sea, a Reuters witness said on Sunday.
Categories: Reuters

Dutch McDonald's trials social-distancing restaurant

Reuters Business News - Sun, 05/03/2020 - 09:06
Big Macs delivered on meal trolleys, hand sanitizers at the entrance and designated waiting spots to separate customers could become a feature of McDonald's restaurants in the Netherlands when they are allowed to reopen.
Categories: Reuters

Thyssenkrupp sees coronavirus cash squeeze despite elevator sale: letter

Reuters Business News - Sun, 05/03/2020 - 07:30
Germany's Thyssenkrupp expects the coronavirus crisis to cause a new financial squeeze, scuppering hopes that selling its elevator business would deliver a swift cash respite for the embattled firm, its management board told staff in a letter.
Categories: Reuters

Intel in talks to buy Israel's Moovit public transit app for $1 billion: media

Reuters Business News - Sun, 05/03/2020 - 06:42
Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday.
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Warren Buffett says the coronavirus cannot stop America, or Berkshire Hathaway

Reuters Business News - Sun, 05/03/2020 - 01:52
(This May 2 story has been refiled to correct the spelling of "towel" in second paragraph)
Categories: Reuters

Berkshire sells entire stakes in U.S. airlines: Buffett

Reuters Business News - Sun, 05/03/2020 - 01:52
Berkshire Hathaway Inc sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said Saturday at the company's annual meeting, saying "the world has changed" for the aviation industry.
Categories: Reuters

Roche gets FDA emergency use nod for COVID-19 antibody test

Reuters Business News - Sat, 05/02/2020 - 23:31
Roche Holding AG received emergency use approval from the U.S. Food and Drug Administration (FDA) for an antibody test to help determine if people have ever been infected with the coronavirus, the Swiss drugmaker said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200503:nGNE71pdqt on Sunday.
Categories: Reuters

Roche gets FDA emergency use approval for COVID-19 antibody test

Reuters Business News - Sat, 05/02/2020 - 21:49
Roche Holding AG received emergency use approval from the U.S. Food and Drug Administration for an antibody test to help determine if people have ever been infected with the coronavirus, the Swiss drugmaker said http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200503:nGNE71pdqt on Sunday.
Categories: Reuters

Warren Buffett says coronavirus cannot stop America, despite huge Berkshire loss

Reuters Business News - Sat, 05/02/2020 - 20:51
Warren Buffett on Saturday gave an upbeat assessment of the United States' ability to withstand crises, even as he acknowledged that the coronavirus pandemic could have a wide range of impacts on the economy and his investments.
Categories: Reuters

Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain

Reuters Business News - Sat, 05/02/2020 - 20:25
Warren Buffett's Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.
Categories: Reuters

Buffett says coronavirus cannot stop America

Reuters Business News - Sat, 05/02/2020 - 17:15
Warren Buffett on Saturday gave an upbeat assessment of the United States' ability to withstand crises, even as he acknowledged that the coronavirus pandemic could have a wide range of impacts on the economy.
Categories: Reuters

Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries

Reuters Business News - Sat, 05/02/2020 - 13:47
Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that billed Medicare last year.
Categories: Reuters

Majority of EU states back suspension of air travel refunds, France says

Reuters Business News - Sat, 05/02/2020 - 12:15
Germany, Italy and Spain have joined a call by 12 European Union governments for the EU's executive body to suspend rules forcing crisis-hit airlines to offer full cash refunds for cancelled flights, France said in a statement on Saturday.
Categories: Reuters

Buffett's Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises

Reuters Business News - Sat, 05/02/2020 - 07:42
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses.
Categories: Reuters
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