Fed says backstop for small business loans fully operational
The Federal Reserve’s program to back emergency government loans to small businesses is “fully operational,” the U.S. central bank said on Thursday, a boost to banks as they await a possible expansion to the total amount of funds they will be allowed t…
Airbus evaluates requests for delays to jet deliveries
European planemaker Airbus is examining multiple customer requests to defer deliveries after travel demand collapsed because of the coronavirus epidemic, it said on Thursday.
Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs – letter
Billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February’s high, as the world braces for the deepest recession since the 1930s-era Great Depression.
Wall Street rises on hopes of lockdown easing, jobless claims
U.S. stock markets opened higher on Thursday as data showed weekly jobless claims fell slightly from the previous week and on hopes President Donald Trump would push to relax strict lockdowns imposed to contain the coronavirus outbreak.
Google’s fast-growing Meet video tool getting Zoom-like layout, Gmail link
Google will allow business and education users on Gmail.com to directly take calls on its video conferencing tool Meet starting Thursday, a new feature being offered as the Alphabet Inc unit seeks to capitalize on security and other concerns with riva…
Takeway can integrate Just Eat, British watchdog says
Britain’s Competition and Markets Authority (CMA) has decided Dutch online food ordering company Takeaway.com can proceed with its integration of Just Eat, the company said on Thursday, although an investigation into the combination continues.
Abbott beats profit estimates but suspends forecast on coronavirus concerns
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-led uncertainty.
Ferrari producing valves to convert underwater masks for Covid-19 treatment
Luxury carmaker Ferrari is producing specialist valves at its Maranello factory to convert snorkel masks into respirators used to treat coronavirus patients, Chairman John Elkann said on Thursday.
BlackRock’s assets under management shrink amid market turmoil
BlackRock Inc’s assets under management dipped sharply in the first quarter amid turmoil in global markets caused by concerns about the economic fallout of the coronavirus outbreak.
U.S. weekly jobless claims highlight economic carnage from coronavirus
A record 22 million Americans have sought unemployment benefits over the past month, with millions more filing claims last week, underscoring the deepening economic slump caused by the novel coronavirus outbreak.
