Institutional investors tell Big Pharma to cooperate on coronavirus
Institutional investors in 15 major pharmaceutical companies have called on the drugmakers to set aside rivalries and short-term interests and cooperate on finding solutions to the coronavirus.
Amazon prepping to launch super-fast grocery delivery service in UK: the Grocer
E-commerce giant Amazon.com Inc is preparing to launch an ultra-fast grocery delivery service in the UK, trade magazine the Grocer reported on Friday, citing suppliers.
Ford warns of $2 billion quarterly loss as coronavirus outbreak hammers sales
Ford Motor Co on Friday estimated first-quarter loss of $2 billion and said it would tap debt markets to shore up its cash reserves as the coronavirus outbreak halted production and pummeled vehicles sales.
Airbus puts some French aero workers on part-time working
Airbus will implement a mandatory part-time working scheme for some 3,000 employees in France from April 20 to May 17, unions said on Friday.
Some life insurers hit pause on older Americans during coronavirus crisis
(This April 17 story corrects to fix name of company in second paragraph to make it Protective Life Insurance Co instead of Protective Insurance Co.)
BoE’s Bailey orders banks to ‘put their backs into it’ on COVID-19 loans
Bank of England Governor Andrew Bailey told Britain’s banks on Friday to “put their backs into it” and speed up lending to small companies, saying the coronavirus crisis was likely to deliver a historic blow to the economy.
Exclusive: IKEA aims to start reopening stores in Europe in May
IKEA store owner Ingka Group, the world’s biggest furniture retailer, aims to start reopening shops in Europe in May after closures and sliding demand due to the COVID-19 pandemic slashed group sales by 60%, its chief executive said.
U.S. airlines sitting on $10 billion in travel vouchers, lawmakers say
U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.
Crude oil held in sea storage hits new record at 160 million bbls: sources
Traders are storing an estimated record 160 million barrels of oil on ships – double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.
Nasdaq proposes easing listing rules during coronavirus crisis
Nasdaq Inc has applied with the U.S. Securities and Exchange Commission to offer temporary relief to companies listed on its exchange with stock prices and market values that have fallen below required minimums due to disruptions during the coronaviru…
