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U.S. home healthcare industry warns of possible 'collapse'
Home healthcare providers, the lifelines to 12 million vulnerable Americans, are scrambling to decide how to serve patients who show symptoms of coronavirus -- and how to ensure that the providers themselves neither catch nor spread it.
Categories: Reuters
Ford to restart U.S. truck plants in April to beat pandemic-linked cash squeeze
Ford Motor Co announced plans on Thursday to shore up its finances amid the coronavirus pandemic, aiming to generate more cash by resuming production next month of its most profitable vehicles while saving money through further cost cuts.
Categories: Reuters
Wall Street surges in third straight day of gains
Wall Street rallied for a third straight session on Thursday as record weekly jobless claims came in below investors' worst fears and investors focused on an unprecedented $2 trillion stimulus awaiting approval by the U.S. House of Representatives.
Categories: Reuters
Oil sheds more than $1 as weakening demand outweighs stimulus hopes
Oil prices dropped more than $1 a barrel on Thursday as a growing number of virus-related restrictions on travel slashed global fuel demand, overshadowing expectations that a $2 trillion U.S. stimulus package will bolster economic activity.
Categories: Reuters
Exclusive: Ross Stores tells vendors it will cancel merchandise orders through mid-June
Ross Stores Inc said in a letter to vendors on Thursday it would cancel all merchandise purchase orders through June 18 due to the impact the coronavirus has had on its business.
Categories: Reuters
Two Tesla employees test positive for coronavirus: company email
Two employees of Tesla Inc have tested positive for coronavirus but have been working from home for the past two weeks and had not been symptomatic at work, Tesla said in an email to employees on Thursday.
Categories: Reuters
Exclusive: Capital One got CFTC waiver after oil price plunge increased swap exposure - sources
U.S. lender Capital One Financial Corp got a waiver from the Commodity Futures Trading Commission (CFTC) after plunging oil prices increased the bank's derivatives exposure above a key regulatory threshold, according to two sources with knowledge of the matter.
Categories: Reuters
Exclusive: Cirque du Soleil explores options including bankruptcy - sources
Cirque du Soleil Entertainment Group is exploring debt restructuring options that include a potential bankruptcy filing, after it was forced to cancel shows because of the coronavirus outbreak, people familiar with the matter said.
Categories: Reuters
Czech breweries roll back the barrels, turn to bottles and cans
Czech breweries -- including Pilsner Urquell and Budejovicky Budvar -- have stopped refilling kegs and started storing their beer in cooled cellars as they seek to limit damage from pub closures caused by the coronavirus outbreak.
Categories: Reuters
Virtual tours, coronavirus clauses: Pandemic up-ends homebuying across the U.S.
Prospective buyers arriving at Betsy and Eric Melby's house for sale in Memphis, Tennessee, last week were greeted by a large pump bottle of hand sanitizer and a box of disposable gloves.
Categories: Reuters
Wall Street leads stocks up on $2 trillion stimulus; dollar takes a hit
A Wall Street rally powered global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimulus to come.
Categories: Reuters
Online learning rockets in coronavirus pandemic, says Pearson
Britain's Pearson has seen an "explosion" in demand for online learning, with traffic across its platforms quadrupling as millions of children start to adapt to home schooling during the coronavirus pandemic, its chief executive said.
Categories: Reuters
U.S. corporate crisis bailouts may prove bonanza for insider trading, new study warns
White-collar crime prosecutors and defense attorneys are likely to be busy following a massive economic stimulus package from the U.S. Congress aimed at mitigating the fallout from the coronavirus, according to a new academic study of insider trading.
Categories: Reuters
Two U.S. banks halt layoffs amid coronavirus uncertainty
Morgan Stanley and Citigroup Inc have hit pause on layoffs as the coronavirus pandemic has led to a record level of unemployment claims and unprecedented economic uncertainty, according to sources.
Categories: Reuters
Virtual tours, coronavirus clauses: Pandemic upends homebuying across the U.S.
Prospective buyers arriving at Betsy and Eric Melby's house for sale in Memphis, Tennessee, last week were greeted by a large pump bottle of hand sanitizer and a box of disposable gloves.
Categories: Reuters
Daimler in talks for 10 billion euro credit line: Bloomberg
Daimler is in talks with lenders for a credit facility of at least 10 billion euros ($11.03 billion) to help the car company cope with the coronavirus outbreak, Bloomberg reported on Thursday.
Categories: Reuters
Wall St. rallies for third day as job losses stir talk of more stimulus
Wall Street surged on Thursday as record weekly jobless claims came in below investors' worst fears, while also making a strong case for more aggressive stimulus to aid businesses and families wrecked by the economic fallout of the coronavirus pandemic.
Categories: Reuters
Oil falls more than $1 as crimped demand outweighs stimulus hopes
Oil prices lost more than $1 a barrel on Thursday as restrictions on travel worldwide slashed fuel demand, with U.S. crude futures plunging more than 6% after the United States scrapped plans to buy domestic oil for its emergency reserve.
Categories: Reuters
Federal Reserve gives small banks more time to file March financial statements
The Federal Reserve announced Thursday it was giving small U.S. banks another month to file financial statements due at the end of March.
Categories: Reuters
Ford to restart U.S. truck plants in April to combat pandemic-linked cash squeeze
Ford Motor Co announced plans on Thursday to shore up its finances amid the coronavirus pandemic, aiming to generate more cash by resuming production next month of its most profitable vehicles while saving money through further cost cuts.
Categories: Reuters