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Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes

Reuters Business News - Mon, 03/30/2020 - 09:19
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.
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IMF says ECB, ESM support key to strong EU coronavirus response

Reuters Business News - Mon, 03/30/2020 - 09:14
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.
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Harley-Davidson says investor Impala drops plans for board nominations

Reuters Business News - Mon, 03/30/2020 - 08:56
Harley-Davidson Inc said on Monday that investor Impala Asset Management no longer planned to nominate two candidates to its board.
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Commerzbank cancels its 2019 dividend recommendation

Reuters Business News - Mon, 03/30/2020 - 08:54
Commerzbank said on Monday that it will not propose a dividend for 2019.
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Johnson & Johnson, U.S. government plan one billion doses of coronavirus vaccine

Reuters Business News - Mon, 03/30/2020 - 08:43
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.
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Wall St. rises at open as investors weigh stimulus against shutdown

Reuters Business News - Mon, 03/30/2020 - 08:37
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

Reuters Business News - Mon, 03/30/2020 - 08:31
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.
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Wall Street set to open higher as investors weigh stimulus against shutdown

Reuters Business News - Mon, 03/30/2020 - 08:07
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

Reuters Business News - Mon, 03/30/2020 - 07:27
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.
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J&J to start human testing of coronavirus vaccine by September

Reuters Business News - Mon, 03/30/2020 - 07:12
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.
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Mylan offers concessions to address EU concerns about Pfizer deal

Reuters Business News - Mon, 03/30/2020 - 07:05
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

Reuters Business News - Mon, 03/30/2020 - 07:01
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.
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Fiat Chrysler looks to resume some Italian production next week: union

Reuters Business News - Mon, 03/30/2020 - 06:55
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.
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Johnson & Johnson says testing of coronavirus vaccine to begin by September

Reuters Business News - Mon, 03/30/2020 - 06:42
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

Reuters Business News - Mon, 03/30/2020 - 06:34
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

Reuters Business News - Mon, 03/30/2020 - 06:25
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

Reuters Business News - Mon, 03/30/2020 - 05:32
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.
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Exclusive: American Airlines in talks to hire Millstein for aid advice

Reuters Business News - Mon, 03/30/2020 - 05:30
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.
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Virgin Atlantic asks UK government for financial help: source

Reuters Business News - Mon, 03/30/2020 - 05:15
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.
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Futures choppy as U.S. shutdown extension weighs

Reuters Business News - Mon, 03/30/2020 - 05:00
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
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