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Video service Zoom taking security seriously: U.S. government memo

Reuters Business News - Wed, 04/08/2020 - 10:25
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

Reuters Business News - Wed, 04/08/2020 - 10:21
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

Reuters Business News - Wed, 04/08/2020 - 09:56
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

Reuters Business News - Wed, 04/08/2020 - 09:54
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

Reuters Business News - Wed, 04/08/2020 - 09:18
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%

Reuters Business News - Wed, 04/08/2020 - 09:03
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

Reuters Business News - Wed, 04/08/2020 - 09:02
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

Reuters Business News - Wed, 04/08/2020 - 08:51
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

Reuters Business News - Wed, 04/08/2020 - 08:44
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.
Categories: Reuters

McDonald's quarterly same-store sales fall more than market expectations

Reuters Business News - Wed, 04/08/2020 - 08:14
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

Reuters Business News - Wed, 04/08/2020 - 08:11
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

Reuters Business News - Wed, 04/08/2020 - 07:49
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

Reuters Business News - Wed, 04/08/2020 - 07:43
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

Reuters Business News - Wed, 04/08/2020 - 07:32
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

Reuters Business News - Wed, 04/08/2020 - 06:18
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

Reuters Business News - Wed, 04/08/2020 - 06:16
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

Reuters Business News - Wed, 04/08/2020 - 05:46
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.
Categories: Reuters

Fiat Chrysler in talks with unions for production restart in Italy

Reuters Business News - Wed, 04/08/2020 - 05:33
Fiat Chrysler (FCA) and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday.
Categories: Reuters

OECD says leading indicators flag biggest monthly drop on record

Reuters Business News - Wed, 04/08/2020 - 05:20
Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how long lockdowns will last, the Organisation for Economic Cooperation and Development said on Wednesday.
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Coronavirus rout spurs China investors to dividend plays

Reuters Business News - Wed, 04/08/2020 - 05:19
Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China's momentum-driven stock investors: switch into companies offering high and stable dividends.
Categories: Reuters
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