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Ford Motor steps up campaign to convince union workers to restart U.S. output
Ford Motor Co on Thursday outlined the safety measures it will institute to restart its most profitable U.S. plants amid the coronavirus pandemic, expanding on similar efforts by General Motors Co and Fiat Chrysler to convince leaders of the United Auto Workers union to send members back to work.
Categories: Reuters
Buffett likely to finally address pandemic at Berkshire Hathaway meeting
Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.
Categories: Reuters
Factbox: Warren Buffett, Berkshire Hathaway at a glance
Warren Buffett's Berkshire Hathaway Inc's annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.
Categories: Reuters
Wall St. slides on grim jobless data, set for best month in decades
Wall Street's main indexes fell on Thursday after a strong month of gains as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
Categories: Reuters
Italy's airport lobby says social distancing on planes not sustainable
The Italian airport operators association, Assaeroporti, said on Thursday proposals to keep some seats empty on planes for social distancing would not be workable if only imposed by Italy and would make the domestic sector vulnerable to foreign rivals.
Categories: Reuters
Zoom participant numbers top 300 million despite growing ban list, shares hit record (April 23)
(This story corrects headline and first paragraph in April 23 story after company clarifies it had mistakenly termed the 300 million as users instead of meeting participants)
Categories: Reuters
McDonald's profit misses estimates, shares drop 4%
McDonald's Corp missed Wall Street estimates for quarterly profit on Thursday as some restaurants in Europe and elsewhere remained closed to curb the spread of the coronavirus pandemic.
Categories: Reuters
Fourth stimulus bill may not be needed if states bounce back: White House
A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies "relatively quickly," as some forecasters and equity markets expect, a White House economic adviser said on Thursday.
Categories: Reuters
Macy's reopening 68 stores, targets all within six weeks as U.S. curbs loosen
Macy's Inc plans to reopen 68 U.S. stores on Monday in states that have loosened coronavirus lockdowns, the department store operator said on Thursday, as more retailers sought to get business going after a crushing month of closures.
Categories: Reuters
AT&T brings ad unit Xandr under WarnerMedia ahead of HBO Max launch
AT&T Inc said on Thursday it will bring its advertising unit Xandr under its WarnerMedia label, which is set to launch its streaming channel HBO Max in May.
Categories: Reuters
Millions of Americans continue to seek jobless benefits; consumer spending slumps
Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the novel coronavirus.
Categories: Reuters
Equities dip but remain on pace for best month on record
World equity benchmarks dipped on Thursday yet remained on pace for their best month on record as a rebound in oil prices, encouraging early results from a COVID-19 treatment trial and expectations of more government stimulus helped ease the pain of February and March.
Categories: Reuters
JPMorgan says it has handled $17.8 billion under emergency aid program
JPMorgan Chase & Co said it has submitted roughly 220,000 applications worth $17.8 billion to the Small Business Administration's Paycheck Protection Program to help small businesses hurt by the coronavirus shutdown.
Categories: Reuters
Wall Street falls on grim jobless claims data
U.S. stocks fell on Thursday as millions of more Americans applied for jobless claims, taking the shine off a strong rally this month and eclipsing upbeat results from Facebook and Tesla.
Categories: Reuters
Microsoft revenue beats as remote work boosts Teams
(This April 29 story corrects number of Xbox Live users in paragraph 6 to 90 million monthly active users not 19 million active users; and corrects description in paragraph 8 to say daily active Teams)
Categories: Reuters
Twitter gains users, beats estimates but ad trends alarm investors
Twitter Inc on Thursday reported higher first-quarter revenue and a smaller loss than analysts had expected amid the coronavirus pandemic, but its shares fell as investors fretted about potential weakness in the second quarter.
Categories: Reuters
Pringles maker Kellogg pushes product launches to second half as virus raises costs
Kellogg Co said on Thursday it would push product launches to the second half of 2020, as the breakfast cereal maker invests into additional warehouse space and logistics to meet higher demand brought on by coronavirus-led stockpiling.
Categories: Reuters
Fourth stimulus bill may not be needed if states bounce back: White House official
A fourth bill to provide stimulus to the U.S. economy may not be needed if states are able to successfully reopen their economies "relatively quickly," as some forecasters expect, a White House economic adviser said on Thursday.
Categories: Reuters
Equality key to rescuing U.S.-China business ties: U.S. business lobby
Recent strains in the relationship between the United States and China make it especially important to establish a policy of 'competitive neutrality' the American Chamber of Commerce in China said on Thursday.
Categories: Reuters
Fed: Main Street program widened to diverse set of new companies
The Federal Reserve expanded its Main Street lending program to be sure it captured larger firms that were still not big enough to tap public capital markets, the central bank said.
Categories: Reuters