White House mulls liability protection for reopening businesses: Trump adviser
The Trump administration is considering the possibility of providing liability protection to small businesses that reopen and put their employees back to work as the nation tries to repair the economic damage wrought by the coronavirus, a top White Hou…
Global CEOs see U-shaped recession due to coronavirus: survey
Global business leaders are preparing for a drawn-out U-shaped recession due to the impact of coronavirus and many fear their companies won’t survive the pandemic, a survey of thousands of chief executives showed on Wednesday.
U.S. energy companies’ quarterly reports to show depths of slump
Investors are in for more bad news on the energy front in the coming weeks as a host of the sector’s biggest companies report quarterly results following the historic collapse in oil prices.
No takers: Hyundai cars sit in U.S. ports as virus keeps buyers away
As Detroit’s automakers shut production in March due to the coronavirus pandemic, South Korea’s Hyundai Motor cranked up its factories back home to ship cars to the United States, a move that is proving costly for the world’s fifth-largest auto group.
Explainer: Antitrust law will not get in the way of U.S. acting to raise oil prices
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, legal experts said.
$500 billion coronavirus aid package passes U.S. Senate, headed to House
The U.S. Senate on Tuesday unanimously approved $484 billion in fresh relief for the U.S. economy and hospitals hammered by the coronavirus pandemic, sending the measure to the House of Representatives for final passage later this week.
United Airlines sells $1 billion of stock in fresh move to weather pandemic
United Airlines Holdings Inc on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic.
Texas Instruments prepares for coronavirus crisis after strong first quarter
Texas Instruments Inc on Tuesday reported better-than-expected results for the first quarter but forecast current-quarter revenue and profit largely below Wall Street estimates, as the chip industry braces for a big hit from the coronavirus outbreak.
Fiat Chrysler draws down on 6.25 billion euro credit facility
Fiat Chrysler Automobiles N.V. said on Tuesday it had drawn down on a 6.25 billion euro ($6.79 billion) credit line to buffer its cash reserves during the uncertainty around the coronavirus health crisis.
Chipotle deliveries, online orders soar due to coronavirus, sending shares higher
Chipotle Mexican Grill Inc on Tuesday reported that soaring digital and delivery sales driven by the coronavirus crisis helped offset the impact of shuttered dining rooms, and the fast-casual chain said it had enough cash and liquidity to get through …
