Oil prices slide again as world runs low on storage capacity amid plunge in demand
Oil fell on Tuesday, adding to huge declines in the previous session, on worries about limited capacity to store crude worldwide and expectations that fuel demand may only recover slowly as coronavirus pandemic restrictions are gradually eased.
Asia stocks set to rise as Wall Street jumps on lockdown easing hopes
Asian stocks were set for gains on Tuesday after a strong Wall Street session as easing lockdown restrictions by some countries and U.S. states buoyed sentiment, despite another decline in oil prices.
GM, Ford and Fiat Chrysler target May 18 U.S. restart date: WSJ
General Motors Co , Ford Motor Co and Fiat Chrysler Automobiles NV are targeting May 18 to resume some production at their U.S. factories after shutting down plants in March due to the coronavirus outbreak, the Wall Street Journal reported.
Verizon, AT&T, Comcast won’t cancel service through June due to coronavirus
Verizon Communications Inc and AT&T Inc , the two largest U.S. wireless carriers, as well as cable giant Comcast Corp said on Monday they will extend a commitment through June 30 not to cancel service or charge late fees to customers who have been impacted by the coronavirus pandemic.
Piglets aborted, chickens gassed as pandemic slams meat sector
With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He o…
Embraer takes Boeing to arbitration over failed deal as Brazil eyes China tie-up
Brazil’s Embraer SA said on Monday it had begun an arbitration process against Boeing Co, after the U.S. planemaker abruptly canceled a $4.2 billion deal over the weekend that was years in the making.
British Airways considers slashing about 800 pilot jobs: Sky News reporter
British Airways is planning to launch a consultation that could result in cutting about 800 of its 4,500 pilot jobs, a Sky News reporter tweeted https://twitter.com/MarkKleinmanSky/status/1254880282899091456 on Monday.
Tech issues hobble U.S. banks’ mad grab for $310 billion in new small-business aid
U.S. banks beginning another chaotic dash to grab $310 billion in fresh small-business aid released by the government on Monday were hamstrung after 11th-hour changes to the first-come-first-served program caused technology issues for many lenders.
Shares jump on lockdown easing hopes; oil drops further
Stocks rose across the globe on Monday as investors cheered news that more countries and U.S. states were looking to ease lockdowns and the Bank of Japan expanded its stimulus program, while the price of oil continued to crumble as storage runs out.
Verizon, Comcast will not cancel service through June due to coronavirus
Verizon Communications Inc , the largest U.S. wireless carrier, and cable giant Comcast Corp said on Monday they will extend a commitment through June 30 not to cancel service or charge late fees to customers because of the coronavirus pandemic.
