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JPMorgan's Jamie Dimon recovering well, mid-April return possible: source

Reuters Business News - Thu, 03/19/2020 - 17:57
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon's recovery from recent heart surgery is going well and the face of the U.S. banking industry could be back to work as soon as mid-April, a source said on Thursday.
Categories: Reuters

LVMH considering buying Tiffany's shares on open market: Bloomberg News

Reuters Business News - Thu, 03/19/2020 - 17:55
French luxury goods maker LVMH , which last year agreed to buy Tiffany & Co for $16.2 billion, is considering buying shares of the U.S. jeweler for less on the open market, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-03-19/lvmh-is-said-to-consider-buying-tiffany-shares-on-open-market on Thursday, citing people familiar with the matter.
Categories: Reuters

Senate Republican proposal rejects grants for U.S. airlines, could get equity

Reuters Business News - Thu, 03/19/2020 - 17:52
A Republican proposal introduced in the U.S. Senate on Thursday would grant up to $58 billion in secured loans to help passenger and cargo airlines hit by the coronavirus crisis, but bar cash grants and could result in the government getting equity stakes.
Categories: Reuters

James Bell, Laban Jackson to retire from JPMorgan board

Reuters Business News - Thu, 03/19/2020 - 17:51
JPMorgan Chase & Co said in a regulatory filing on Thursday that James Bell and Laban Jackson have decided to retire from board.
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Wall Street ends higher to stem coronavirus sell-off

Reuters Business News - Thu, 03/19/2020 - 17:49
U.S. stocks managed to post gains on Thursday after recent steep losses as policymakers around the world took further emergency actions to try to help financial markets cope with deep coronavirus-driven economic damage.
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Airbnb fields interest from investors seeking a stake: sources

Reuters Business News - Thu, 03/19/2020 - 17:45
Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday.
Categories: Reuters

World's governments draft manufacturers for virus treatment arsenal

Reuters Business News - Thu, 03/19/2020 - 17:43
By Sarah Young, Costas Pitas, Giulio Piovaccari and Elvira Pollina
Categories: Reuters

U.S. aviation industry calls for immediate grants, loans to ensure survival

Reuters Business News - Thu, 03/19/2020 - 17:28
The leading U.S. airline trade group and dozens of other U.S. aviation industry trade groups on Thursday called for immediate grants, unsecured loans and limited tax measures to ensure the industry's ability to survive the spread of coronavirus.
Categories: Reuters

Starboard nominates four to eBay's board, wants outsider as CEO

Reuters Business News - Thu, 03/19/2020 - 17:16
Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company's 14-member board.
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Catholics worldwide pray with pope for end to coronavirus pandemic

Reuters Business News - Thu, 03/19/2020 - 17:15
Catholics around the world joined Pope Francis in praying the rosary on Thursday night to ask God to end the coronavirus pandemic, which has killed more people in Italy than anywhere else.
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Factbox: From Boeing to Tennessee whiskey, coronavirus U.S. bailout requests top $2 trillion

Reuters Business News - Thu, 03/19/2020 - 17:11
As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump's administration and Congress.
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Ford hoards cash, withdraws profit forecast amid coronavirus outbreak

Reuters Business News - Thu, 03/19/2020 - 17:07
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.
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U.S. auto suppliers seek government aid to cope with coronavirus hit

Reuters Business News - Thu, 03/19/2020 - 17:05
The trade group for U.S. auto parts makers on Thursday asked the government for emergency grants "to keep the doors open," tariff relief and other assistance to cope with mounting pressures from the coronavirus crisis.
Categories: Reuters

Technology issues strain work from home efforts at big U.S. banks

Reuters Business News - Thu, 03/19/2020 - 16:30
Citigroup Inc asked its non-essential workers across North America to hold off on logging into its remote access system until 1 p.m. on Thursday, as it braced for many employees to begin working from home, according to sources familiar with the matter.
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Airbnb fields investor interest for stake sale: sources

Reuters Business News - Thu, 03/19/2020 - 16:27
Airbnb Inc has received inquiries from potential investors who want to acquire a stake in the U.S. home rental company in the wake of the coronavirus outbreak, people familiar with the matter said on Thursday.
Categories: Reuters

U.S. oil reverses losses, posts largest one-day gain on record

Reuters Business News - Thu, 03/19/2020 - 16:24
U.S. crude oil prices spiked by 25% on Thursday, the largest single-day gain on record, recouping some losses from three days of selling that drove the benchmark to near 20-year lows.
Categories: Reuters

U.S. politician Nikki Haley resigns from Boeing board

Reuters Business News - Thu, 03/19/2020 - 16:22
Boeing Co said on Thursday Nikki Haley, former U.S. ambassador to the United Nations, has resigned from its board, opposing the company's move to seek financial support from the federal government amid the 737 MAX and the coronavirus crisis.
Categories: Reuters

Rich nations pump aid into battered economy as coronavirus deaths in Italy overtake China

Reuters Business News - Thu, 03/19/2020 - 16:17
The world's richest nations poured unprecedented aid into the global economy on Thursday as coronavirus cases ballooned in the new epicenter Europe, with the number of deaths in Italy outstripping those in mainland China, where the virus originated.
Categories: Reuters

U.S. airlines double down on request for cash as senate leader touts 'loans'

Reuters Business News - Thu, 03/19/2020 - 16:16
Major U.S. airlines on Thursday doubled down on a request for government cash grants even as Senate Majority Leader Mitch McConnell suggested assistance would be in the form of loans.
Categories: Reuters

Tesla U.S. vehicle factory to suspend production due to coronavirus

Reuters Business News - Thu, 03/19/2020 - 16:13
Tesla Inc will suspend production at its California vehicle factory beginning on March 24 to comply with local orders aimed at curbing the spread of coronavirus, the company said on Thursday.
Categories: Reuters
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