Wall St drops on trade war fears, economic worries
Wall Street’s main indexes were lower in choppy trading on Thursday, as renewed worries about Sino-U.S. trade relations added to fears of an extended economic downturn due to the virus outbreak.
Delta, others wrestle with too many planes, too many pilots
Delta Air Lines moved to retire its Boeing Co 777 fleet and reduce its pilot ranks on Thursday as it joins other airlines wrestling with the need to shrink their operations to match reduced air travel due to the coronavirus crisis.
Goldman Sachs to buy boutique wealth management custodian Folio
Goldman Sachs Group Inc plans to buy a boutique wealth management custodian and technology company called Folio Financial Inc for an undisclosed amount of money, according to a letter that Folio sent to its customers on Thursday and was viewed by Reute…
Most Ford U.S. dealers got federal payroll protection loans: COO
Most of Ford Motor Co’s U.S. dealers received payroll protection loans from the U.S. government amid the coronavirus pandemic, the automaker’s chief operating officer said on Thursday.
Fed: Lower-income workers and less educated facing more job losses caused by coronavirus
The coronavirus crisis led to dramatic changes in Americans’ finances as millions of workers faced layoffs or other cutbacks in their jobs, with low-wage workers taking the biggest hit, according to a report released by the Federal Reserve on Thursday….
Amazon’s livestreaming platform Twitch announces safety advisory council
Amazon Inc ‘s video game live-streaming platform Twitch is forming an advisory council of experienced users, online safety experts and anti-bullying advocates to help improve safety on the site, Twitch said in a blog post on Thursday.
Exclusive: IKEA’s shopping malls arm Ingka Centres plans U.S. entry in major play
IKEA’s shopping malls business, one of the world’s biggest, is looking to enter the United States in the next couple of years and is in talks to snap up central properties in major cities, its boss told Reuters.
McDonald’s issues new guidelines to U.S. franchisees on restaurant reopenings: WSJ
McDonald’s Corp has asked its U.S. franchisees to make a series of changes in restaurants before reopening to diners in an effort avoid the spread of the new coronavirus, the Wall Street Journal reported on Thursday.
Exclusive: Renault to discontinue Espace model as carmaker cuts costs – sources
Renault is preparing to substantially reduce its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said.
Exclusive: Airbus to be ‘resized,’ could cut output again – sources
Planemaker Airbus has told senior staff the company must be “resized” in plans to be set out around end-June and is ready to cut jet production again to tackle any second wave of the coronavirus crisis, people briefed on the matter said.
