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Delivery fees, commissions cut as Americans stop dining out

Reuters Business News - Fri, 03/13/2020 - 16:13
As Americans hole up at home to wait out the coronavirus pandemic, fewer people are going out to eat, leading some fast food chains to cut delivery fees and meal delivery platforms to suspend commissions.
Categories: Reuters

Crude posts worst week in a decade, hit by coronavirus and price war eruption

Reuters Business News - Fri, 03/13/2020 - 16:10
Oil prices on Friday posted their worst week since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia and its allies to flood the market with record levels of supply.
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Poland to close borders to foreigners, quarantine returnees

Reuters Business News - Fri, 03/13/2020 - 16:00
Poland will ban foreigners from entering the country from Sunday and impose a 14-day quarantine on its citizens returning home in a bid to curb the spread of coronavirus, Prime Minister Mateusz Morawiecki said on Friday.
Categories: Reuters

Buffett's Berkshire says former AmEx CEO Chenault nominated to board, replacing Bill Gates

Reuters Business News - Fri, 03/13/2020 - 15:59
Warren Buffett's Berkshire Hathaway Inc said on Friday that Kenneth Chenault, who spent 17 years as chief executive of American Express Co , is being nominated to its board of directors.
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Factbox: Here's what the new U.S. restrictions on Europe mean for travelers

Reuters Business News - Fri, 03/13/2020 - 15:59
The United States will suspend travel from certain European countries for 30 days beginning at midnight on Friday as part of an effort to stem the spread of the coronavirus.
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FAA probing potential structural problem with older 737 aircraft: WSJ

Reuters Business News - Fri, 03/13/2020 - 15:53
U.S. aviation safety regulator is investigating a possible structural problem with Boeing Co's older 737 aircraft following an in-flight incident that caused a 12-inch rupture in the aluminum skin of a Southwest Airlines jet, the Wall Street Journal reported on Friday.
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Alphabet shares surge 9% after Trump praises Google for coronavirus website

Reuters Business News - Fri, 03/13/2020 - 15:48
Shares of Google parent Alphabet Inc closed up more than 9% after U.S. President Donald Trump said on Friday the search giant would create a website to help determine whether individuals need a coronavirus test or not.
Categories: Reuters

Kosovo confirms first coronavirus cases, an Italian and a Kosovar

Reuters Business News - Fri, 03/13/2020 - 15:47
Kosovo reported its first coronavirus cases on Friday, in a 20-year-old Italian woman and a 77-year-old Kosovar man.
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GM, Ford to have white-collar employees work remotely starting Monday

Reuters Business News - Fri, 03/13/2020 - 15:47
U.S. automakers General Motors Co and Ford Motor Co said on Friday they will have most of their white-collar workforce working remotely as of Monday to protect against the spread of the coronavirus.
Categories: Reuters

Americans rush to stock up on essentials as coronavirus spreads

Reuters Business News - Fri, 03/13/2020 - 15:35
American shoppers stood in long lines outside grocery stores on Friday, waiting to buy essentials like toilet paper, pasta, and bottled water, as a worsening coronavirus crisis stoked fears of shortages across the United States.
Categories: Reuters

Exclusive: U.S. Fed, banks discuss possible leniency on liquidity threshold to aid lending - sources

Reuters Business News - Fri, 03/13/2020 - 15:31
The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions.
Categories: Reuters

Egypt reports 13 new cases of coronavirus, bringing total to 93

Reuters Business News - Fri, 03/13/2020 - 15:22
Egypt reported on Friday 13 new cases of coronavirus, bringing the total of cases detected in the country to 93, the health ministry said in a statement.
Categories: Reuters

Suriname confirms first coronavirus case, authorities will close borders

Reuters Business News - Fri, 03/13/2020 - 15:12
Suriname on Friday confirmed its first case of coronavirus infection in a person who traveled to the South American country last week from the Netherlands, the vice president told the national assembly.
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Citigroup reports first confirmed case of coronavirus

Reuters Business News - Fri, 03/13/2020 - 15:05
Citigroup Inc said on Friday that a Manhattan-based employee has tested positive for the coronavirus.
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Bayer inches toward glyphosate settlement: WSJ

Reuters Business News - Fri, 03/13/2020 - 15:03
Bayer AG has agreed on draft settlement terms with half a dozen law firms representing tens of thousands of plaintiffs alleging that its Roundup weedkiller causes cancer, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Categories: Reuters

Stocks bounce on stimulus hopes

Reuters Business News - Fri, 03/13/2020 - 14:45
Wall Street clawed back some losses on Friday after its biggest one-day decline in three decades, as investors set their hopes on more global fiscal stimulus to stem a coronavirus-driven global recession.
Categories: Reuters

Teleconference apps and new tech surge in demand amid coronavirus outbreak

Reuters Business News - Fri, 03/13/2020 - 14:32
Global downloads of business apps including Tencent Conference, WeChat Work, Zoom, Microsoft Teams and Slack have risen nearly five fold since the start of the year, data showed, as the coronavirus outbreak changes how corporations work.
Categories: Reuters

Denmark shuts its borders for one month to curb spread of coronavirus

Reuters Business News - Fri, 03/13/2020 - 14:29
Denmark announced on Friday it would shut its borders to most foreign visitors for a month from Saturday, in a move unprecedented in peacetime as part of efforts to halt the spread of coronavirus.
Categories: Reuters

Trump to declare emergency as coronavirus chaos spreads

Reuters Business News - Fri, 03/13/2020 - 14:29
U.S. President Donald Trump will declare a national emergency over the fast-spreading coronavirus on Friday, opening the door to more federal aid to combat a disease that has infected 138,000 people worldwide and left more than 5,000 dead.
Categories: Reuters

Dollar surges vs yen as stock markets rally

Reuters Business News - Fri, 03/13/2020 - 14:13
The dollar surged on Friday, posting sharp gains against the safe-haven Japanese yen as stock markets recovered globally and investors cheered efforts by governments and policymakers to address the economic fallout from the coronavirus outbreak.
Categories: Reuters
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