FAA, CDC to update guidance to flight crews on coronavirus precautions
The Federal Aviation Administration (FAA) and Centers for Disease Control and Prevention (CDC) plan to update guidance for airline flight crews about dealing with the coronavirus pandemic amid concerns from pilots, but regulators are not mandating new…
Retailers, restaurants, hotels get 18% of small business bailout cash: SBA
Retailers, restaurants and hotels — whose low-paid workers are among the hardest hit in the coronavirus pandemic — got a combined 18% of the $342 billion allocated under a new federal government program to help small firms keep paying their employees…
Walmart to hire 50,000 more workers in coronavirus-driven hiring spree
Walmart Inc said on Friday it would hire 50,000 more workers at its stores, clubs and distribution centers to meet a surge in demand for groceries and household essentials from consumers stockpiling during the coronavirus outbreak.
Berkshire will shut some businesses, stay cautious in coronavirus ‘typhoon,’ Munger tells WSJ
Warren Buffett’s Berkshire Hathaway Inc will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday.
Exclusive: Chinese-backed owners commit to British HQ for Imagination Tech
The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.
Google to waive ad serving fees for news publishers amid virus crisis
Alphabet Inc’s Google said on Friday it will waive for the next five months the small fee it charges news publishers to decide which ads to show on their online properties.
Netflix adds $50 million to relief fund for production workers
Netflix Inc has increased the amount of money in its coronavirus emergency relief fund by $50 million, bringing the total for displaced production workers to $150 million, a company spokeswoman said on Friday.
Wall Street climbs on Boeing, Trump’s reopening plan
Wall Street bounced on Friday, boosted by a surge in Boeing shares, with President Donald Trump’s plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19 helping sentiment.
Former Carige CEO frontrunner for head of Monte Paschi: sources
Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources told Reuters on Friday.
Cash is king as U.S. quarterly reporting season gains steam
As the U.S. quarterly earnings season picks up steam next week, investors will get an early glimpse of how companies are weathering the coronavirus outbreak, including the strength of their balance sheets.
