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Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes
UBS Group intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the global economy.
Categories: Reuters
IMF says ECB, ESM support key to strong EU coronavirus response
The International Monetary Fund said on Monday the relaxation of the euro zone's fiscal rules and support from the European Central Bank and the European Stability Mechanism is critical to a strong regional response to the coronavirus pandemic.
Categories: Reuters
Harley-Davidson says investor Impala drops plans for board nominations
Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.
Categories: Reuters
Johnson & Johnson, U.S. government plan one billion doses of coronavirus vaccine
Johnson & Johnson said on Monday it made a $1 billion deal with the U.S. government to create enough manufacturing capacity for more than 1 billion doses of a vaccine it is testing to fight the new coronavirus that has killed more than 34,000 people around the world.
Categories: Reuters
Wall St. rises at open as investors weigh stimulus against shutdown
U.S. stocks opened higher on Monday as President Donald Trump followed last week's massive fiscal stimulus by extending his stay-at-home guidelines, leaving investors guessing at their economic impact.
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UAE's flydubai to cut salaries for three months due to coronavirus
United Arab Emirates' airline flydubai will cut salaries for three months from April due to the impact of the global coronavirus pandemic on its business, a spokeswoman said on Monday.
Categories: Reuters
Wall Street set to open higher as investors weigh stimulus against shutdown
Wall Street was set to open slightly higher on Monday as President Donald Trump followed last week's massive fiscal stimulus by extending his stay-at-home guidelines, leaving investors guessing at their economic impact.
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Facebook commits $100 million to support news media hurt by virus crisis
Facebook Inc on Monday pledged $100 million in financing and advertising spending to support news organizations, including local publishers in the United States, reeling from pressure due to the coronavirus pandemic.
Categories: Reuters
J&J to start human testing of coronavirus vaccine by September
Johnson & Johnson plans to start human testing of its experimental coronavirus vaccine by September and make it ready for emergency use in early 2021, the drugmaker said on Monday.
Categories: Reuters
Mylan offers concessions to address EU concerns about Pfizer deal
Generic drugmaker Mylan NV has offered concessions to address European Union antitrust concerns about its bid for Pfizer's off-patent branded drugs business Upjohn, a filing on the European Commission site showed on Monday.
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Fiat Chrysler looks to resume some Italian production next week: union
Fiat Chrysler (FCA) is looking to resume some vehicle production from next week at three plants in Italy if it gets the green light from the government, a union representative said on Monday.
Categories: Reuters
Fiat Chrysler looks to resume some Italian production next week: union
Fiat Chrysler (FCA) is looking to resume some vehicle production from next week at three plants in Italy if it gets the green light from the government, a union representative said on Monday.
Categories: Reuters
Johnson & Johnson says testing of coronavirus vaccine to begin by September
Johnson & Johnson said on Monday human testing of its experimental vaccine for the coronavirus would begin by September and that it could be available for emergency use authorization in early 2021.
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BNY Mellon names interim head Gibbons as CEO
Bank of New York Mellon Corp on Monday named interim head Thomas Gibbons as chief executive officer, effective immediately.
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Activist investor makes new push for HC2 board to remove chief Falcone: letter
An activist investor is stepping up calls for the board of HC2 Holdings Inc to remove Chief Executive and Chairman Philip Falcone as the former hedge fund manager faces mounting legal and financial troubles.
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Goldman Sachs sees S&P 500 dividends declining 25% in 2020
Goldman Sachs said on Monday it expects S&P 500 dividends to fall by 25% in 2020 as certain large dividend-paying industries are particularly vulnerable to the economic shock of the coronavirus outbreak.
Categories: Reuters
Exclusive: American Airlines in talks to hire Millstein for aid advice
American Airlines Group Inc is in advanced talks to hire Guggenheim Securities co-chairman James Millstein for advice on tapping a $50 billion industry relief package available from the U.S. Treasury Department to cope with the coronavirus pandemic, people familiar with the matter said.
Categories: Reuters
Virgin Atlantic asks UK government for financial help: source
Virgin Atlantic has asked the UK government for emergency financial help in addition to the coronavirus package made available to all British companies, said a source familiar with the situation.
Categories: Reuters
Futures choppy as U.S. shutdown extension weighs
U.S. stock index futures see-sawed on Monday after a strong recovery last week, as President Donald Trump extended his stay-at-home guidelines until the end of April, raising fears of a larger economic hit from the slump in business activity.
Categories: Reuters