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Oil giants set health checks for critical staff, work-from-home rules

Reuters Business News - Sun, 03/15/2020 - 14:46
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits.
Categories: Reuters

Delta suspends some London, Dublin flights after new U.S. travel restrictions

Reuters Business News - Sun, 03/15/2020 - 14:06
Delta Air Lines Inc said Sunday it will halt service to London from Detroit and Dublin flights from New York after the White House announced it was imposing new travel restrictions on United Kingdom and Ireland.
Categories: Reuters

Investors prepare for more market swings as virus spreads in the U.S.

Reuters Business News - Sun, 03/15/2020 - 12:46
With one of Wall Street's wildest weeks in recent memory now in the history books, investors are bracing for more uncertainty and big market swings ahead.
Categories: Reuters

LVMH to make disinfectant gels to aid French coronavirus fight

Reuters Business News - Sun, 03/15/2020 - 12:23
Louis Vuitton owner LVMH said on Sunday that its cosmetics unit would manufacture large quantities of hand disinfectant gel to help stave off a nationwide shortage across France as the coronavirus rapidly spreads.
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Germany tries to stop U.S. poaching German firm seeking coronavirus vaccine

Reuters Business News - Sun, 03/15/2020 - 12:14
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
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Kraft Heinz ask employees to work from home; provide travel restriction

Reuters Business News - Sun, 03/15/2020 - 11:36
Kraft Heinz Co said on Sunday it has asked office employees to work from home as the coronavirus continues to spread.
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Haven assets losing their mojo in virus-stricken market

Reuters Business News - Sun, 03/15/2020 - 11:16
A rush to safety amid a massive drop in stocks has stretched prices for haven assets, leaving investors fewer places to hide in the wake of a freshly-minted bear market.
Categories: Reuters

Germany tries to stop U.S. from luring away firm seeking coronavirus vaccine

Reuters Business News - Sun, 03/15/2020 - 11:14
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Categories: Reuters

Germany tries to stop US from luring away firm seeking coronavirus vaccine

Reuters Business News - Sun, 03/15/2020 - 10:54
Berlin is trying to stop Washington from persuading a German company seeking a coronavirus vaccine to move its research to the United States, prompting German politicians to insist no country should have a monopoly on any future vaccine.
Categories: Reuters

UK wants more ventilators, hospital beds as coronavirus spreads

Reuters Business News - Sun, 03/15/2020 - 10:23
Britain told manufacturers to ramp up the country's production of ventilators and ordered private hospitals to prepare for an overspill of patients from the public health service as the death toll from coronavirus grew on Saturday.
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Ford to shut Spanish factory for one week due to coronavirus outbreak

Reuters Business News - Sun, 03/15/2020 - 10:02
Ford said on Sunday it would shut its Spanish plant in the eastern region of Valencia for one week starting on Monday after three employees tested positive for coronavirus.
Categories: Reuters

Oil giants set work-at-home rules for offices, health checks for critical staff

Reuters Business News - Sun, 03/15/2020 - 09:28
Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread across the United States and threatened an industry reeling by falling demand and profits.
Categories: Reuters

Saudi Aramco's 2019 profit down 21%, cuts spending

Reuters Business News - Sun, 03/15/2020 - 08:19
Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes.
Categories: Reuters

Aramco to cut capital spending over coronavirus; 2019 profits plunge

Reuters Business News - Sun, 03/15/2020 - 08:19
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, and also posted a plunge in profit for last year, missing forecasts in its first earnings announcement as a listed company.
Categories: Reuters

Factbox: Aramco 2019 profit drops, a week after shares fell below IPO

Reuters Business News - Sun, 03/15/2020 - 08:19
Saudi Arabia's state-run oil giant Saudi Aramco announced a drop in its 2019 profit of nearly 21% on Sunday, falling well below analysts' expectations just three months after selling shares to the public in a record-setting IPO.
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Nike to close all stores in U.S. and several other countries

Reuters Business News - Sun, 03/15/2020 - 08:05
U.S. sportswear giant Nike Inc said on Sunday it is closing all of its stores in the United States and several other countries to limit the spread of the coronavirus.
Categories: Reuters

Israel to use anti-terror tech to counter coronavirus 'invisible enemy'

Reuters Business News - Sun, 03/15/2020 - 03:43
Israel plans to use anti-terrorism tracking technology and a partial shutdown of its economy to minimize the risk of coronavirus transmission, Prime Minister Benjamin Netanyahu said on Saturday.
Categories: Reuters

Saudi Aramco to cut capital spending in 2020, posts drop in 2019 profit

Reuters Business News - Sun, 03/15/2020 - 03:20
Saudi Aramco on Sunday said it plans to cut capital spending in the wake of the coronavirus outbreak, as it posted a 21% decline in 2019 net profit due to a drop in oil prices and production, its first earnings announcement as a listed company.
Categories: Reuters

American Airlines cutting international flights by 75% amid demand collapse

Reuters Business News - Sun, 03/15/2020 - 02:54
American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic.
Categories: Reuters

Saudi Aramco's 2019 profit down 21% on weak oil price

Reuters Business News - Sun, 03/15/2020 - 02:14
Saudi Arabia's state oil giant Aramco said on Sunday its 2019 profit fell almost 21% due to lower crude oil prices and a drop in production volumes.
Categories: Reuters
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