McDonald’s faces new class action over ‘pervasive sexual harassment’
McDonald’s Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment.
Wall Street slides as investors brace for dour earnings
U.S. stock markets slipped in subdued trading on Monday after a strong rally last week, as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic.
Dish Network cuts jobs, re-evaluates business in coronavirus fallout
Dish Network Corp has cut staff and is re-evaluating its business to cope better with the fallout from the coronavirus pandemic, the U.S. satellite TV provider told Reuters, without disclosing the number of employees laid off.
Explainer: Big cuts in oil production from OPEC and others
Worldwide oil producers, led by OPEC, are expected to cut production by roughly 20 million barrels per day (bpd), roughly equal to 20% of global daily supply, through a combination of mandated cuts, production falls due to poor economics, and purchases…
Volkswagen offers cars for relief efforts in U.S. virus-hit regions
Germany’s Volkswagen AG said on Monday its U.S. dealers would provide cars for free delivery of essential supplies to people in need during the coronavirus crisis.
Aurora Cannabis falls on capital raise, reverse stock split
Aurora Cannabis Inc’s U.S.-listed shares fell nearly 14% in morning trade on Monday after the Canadian pot producer renewed an at-the-market offering under which it can raise as much as $350 million in equity capital.
Ford expects coronavirus shutdown to cause $600 million quarterly loss
Ford Motor Co said on Monday it expects to post a pre-tax loss of about $600 million for the first quarter as the coronavirus outbreak pummeled its sales and shuttered vehicle assembly plants, resulting in a 21% drop in vehicle sales to dealers versus…
Performance Food furloughs 3,000 employees as coronavirus takes toll
Grocery distributor Performance Food Group Co said on Monday it had furloughed about 3,000 employees and cut pay, while funneling 1,100 workers to help keep its retail clients’ shelves stacked as it deals with the pressures exerted on supply chains an…
Oil prices edge higher after output cut, but demand worries weigh
Oil prices edged higher on Monday in a muted response to a global deal on record output cuts amid concerns over whether the pact will head off an oil glut as the coronavirus pandemic hammers demand.
Saudi energy minister says effective global oil cuts above 19 million bpd
Saudi Arabia’s energy minister said on Monday that effective global oil supply cuts would amount to around 19.5 million barrels per day, taking into account the reduction pact agreed by OPEC+, pledges by other G20 nations and oil purchases into reserve…
