Buffett says coronavirus cannot stop America
Warren Buffett on Saturday gave an upbeat assessment of the United States’ ability to withstand crises, even as he acknowledged that the coronavirus pandemic could have a wide range of impacts on the economy.
Majority of EU states back suspension of air travel refunds, France says
Germany, Italy and Spain have joined a call by 12 European Union governments for the EU’s executive body to suspend rules forcing crisis-hit airlines to offer full cash refunds for cancelled flights, France said in a statement on Saturday.
Buffett’s Berkshire posts nearly $50 billion loss as coronavirus causes pain
Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.
Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises
Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses.
Buffett’s Berkshire posts nearly $50 billion loss on coronavirus, operating profit rises
Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses.
France’s SocGen to provision between 3.5 and 5 billion euros this year: CEO
French bank Societe Generale expects to have to provision 3.5 billion euros to 5 billion euros ($3.84 bln-5.49 bln) this year because of losses due to the coronavirus crisis, its chief executive said in an interview on Saturday.
Tesla to extend furlough for some employees by another week: internal email
Tesla Inc told furloughed employees on Friday that they will remain out of work for at least another week, postponing a plan to resume normal operations on May 4 at its San Francisco vehicle-assembly plant, according to an internal email.
NBCUniversal weighs layoffs at media, entertainment units: WSJ
Comcast Corp owned NBCUniversal is evaluating a significant reduction of staff across its portfolio of media and entertainment properties as part of a cost-cutting effort, the Wall Street Journal reported on Friday, citing people familiar with the mat…
Exclusive: U.S. coronavirus stimulus went to some healthcare providers facing criminal inquiries
Eager to bolster the healthcare system during the coronavirus pandemic, the U.S. government last month sped $30 billion in stimulus payments to most healthcare providers that billed Medicare last year.
How Boeing went from appealing for government aid to snubbing it
In just six weeks, Boeing Co went from seeking government aid to announcing it no longer needed it.
