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Carrefour mounts shields for French cashiers in coronavirus crisis

Reuters Business News - Mon, 03/16/2020 - 17:02
Carrefour began putting up protective barriers for cashiers in its French supermarkets on Monday, as it beefs up sanitary measures and looks to keep business flowing as France shuts down other sectors to fight the coronavirus outbreak.
Categories: Reuters

U.S. airlines seek $50 billion government bailout after coronavirus outbreak

Reuters Business News - Mon, 03/16/2020 - 17:01
Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic.
Categories: Reuters

Amazon to hire 100,000 workers as online orders surge on virus worries

Reuters Business News - Mon, 03/16/2020 - 16:29
Amazon.com Inc said on Monday it would hire 100,000 warehouse and delivery workers in the United States to tackle a surge in online orders, as consumers shop heavily fearing the spread of the coronavirus outbreak.
Categories: Reuters

Hedge fund Bridgewater places $15 billion in bets against Europe and UK

Reuters Business News - Mon, 03/16/2020 - 16:25
Hedge fund behemoth Bridgewater has shown its hand in Europe with roughly $15 billion in bets against companies on the continent and in Great Britain, filings reviewed by Reuters show.
Categories: Reuters

Goldman Sachs lets customers delay March payments on loans, credit cards

Reuters Business News - Mon, 03/16/2020 - 16:03
Goldman Sachs Group Inc told customers of its online bank, Marcus, and its Apple credit card on Monday that they can take an extra month to make payments, with no penalty or additional interest, if they are financially stretched due to the coronavirus.
Categories: Reuters

Markets tumble as big Fed move fails to quell virus fears

Reuters Business News - Mon, 03/16/2020 - 15:53
Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve's second emergency rate cut in as many weeks failed to calm fears of a coronavirus-induced recession.
Categories: Reuters

After Trump boasts about rally, Wall Street tanks again

Reuters Business News - Mon, 03/16/2020 - 15:49
Less than 48 hours after U.S. President Donald Trump bragged about his soothing influence on the stock market, Wall Street tanked again.
Categories: Reuters

Google parent Alphabet shared YouTube revenue after U.S. SEC request

Reuters Business News - Mon, 03/16/2020 - 15:45
Alphabet Inc began disclosing revenue for its YouTube video service this year after U.S. securities regulators asked the Google parent to give more "quantitative and qualitative" data on the business, according to filings released Monday.
Categories: Reuters

Lockheed Martin's Marillyn Hewson to step down as CEO

Reuters Business News - Mon, 03/16/2020 - 15:39
Lockheed Martin Corp said on Monday company veteran Marillyn Hewson will step down as chief executive officer, and tapped board member and American Tower Corp boss James Taiclet as her replacement.
Categories: Reuters

U.S. car buyers may get a break on loans as coronavirus threatens auto sales

Reuters Business News - Mon, 03/16/2020 - 15:15
Several automakers on Monday said U.S. buyers of new vehicles will have the option to defer their payments and customers with existing car loans could ask for payment rescheduling if impacted by shutdowns due to the spread of coronavirus.
Categories: Reuters

Developing nations may lose up to 85% of oil and gas income this year: IEA, OPEC

Reuters Business News - Mon, 03/16/2020 - 15:14
Developing nations' oil and gas income will fall by 50% to 85% this year to a more than two-decade low if current market conditions persist, the International Energy Agency and OPEC said in a rare joint statement on Monday, citing recent IEA analysis.
Categories: Reuters

U.S. gasoline refining margins settle at lowest since December 2008

Reuters Business News - Mon, 03/16/2020 - 15:14
U.S. gasoline refining margins fell to the lowest since December 2008 on Monday, as the spread of coronavirus intensified in the United States, disrupting daily life for Americans who have been told to stay indoors and off the road.
Categories: Reuters

Wall Street sinks as Fed's shock cut increases worries over virus spread

Reuters Business News - Mon, 03/16/2020 - 14:52
U.S. stocks fell sharply on Monday as the Federal Reserve's drastic move to cut interest rates to near zero fueled anxiety over the extent of economic damage from the coronavirus pandemic.
Categories: Reuters

U.S. shale oil output to rise to record 9.08 million barrels per day in April - EIA

Reuters Business News - Mon, 03/16/2020 - 14:49
U.S. oil output growth from the Permian basin is expected to offset declines in every other shale formation in April, helping push overall production up by about 18,000 barrels per day (bpd) to a record 9.08 million bpd, data showed on Monday.
Categories: Reuters

Exclusive: U.S. airports seek $10 billion in government assistance over travel demand collapse - sources

Reuters Business News - Mon, 03/16/2020 - 14:46
U..S. airports are seeking $10 billion in U.S. government assistance to help offset losses incurred by the sharp drop in travel due to coronavirus, two people briefed on the matter said.
Categories: Reuters

Factbox: Oil products markets in turmoil as coronavirus infects demand

Reuters Business News - Mon, 03/16/2020 - 14:23
The oil products markets globally are caught between a rock and a hard place as the impact of ultra cheap oil, which should be a boon for refiners, is mitigated by record low prices for gasoline and jet fuel.
Categories: Reuters

Starbucks halts dine-in service, focuses on 'to go' in U.S., Canada

Reuters Business News - Mon, 03/16/2020 - 14:01
Starbucks Corp closed its dine-in areas for at least two weeks at its U.S. and Canadian stores and shifted completely to "to go" service, as restaurants look to curb the rapid spread of the coronavirus outbreak.
Categories: Reuters

Uber Eats waives delivery fee for independent restaurants as virus spreads

Reuters Business News - Mon, 03/16/2020 - 13:54
Uber Technologies Inc's food delivery business, Uber Eats, said on Monday it would waive delivery fee for independent restaurants across the United States and Canada.
Categories: Reuters

U.S. airlines urgently need $50 billion in grants, loans - letter

Reuters Business News - Mon, 03/16/2020 - 13:50
A group representing major U.S. airlines said the industry needs $50 billion in grants and loans to survive the dramatic falloff in travel demand from the coronavirus outbreak.
Categories: Reuters

Powell's whatever-it-takes pledge puts limits of Fed's reach in spotlight

Reuters Business News - Mon, 03/16/2020 - 13:45
Federal Reserve Chair Jerome Powell's message in announcing a barrage of monetary policy and liquidity actions was clear: The U.S. central bank will use all the tools at its disposal to keep credit flowing through the U.S. and global financial system.
Categories: Reuters
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