FedEx slashes CEO’s salary, draws $1.5 billion from credit line
FedEx Corp said on Friday it would slash its chief executive officer’s pay and draw down $1.5 billion from a credit facility as delivery services take a hit from coronavirus-led lockdowns across the globe.
3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked a law to help ease a shortage in the items needed to protect health staff against the coronavirus.
Brent crude rises above $32 on hopes of oil output deal
Benchmark Brent crude oil futures rose as high as $33.37 a barrel on Friday on rising hopes of a new global deal to cut global crude supply.
Ford CEO Hackett’s salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018.
Wall Street opens lower as record jobs growth ends
Wall Street’s main indexes opened lower on Friday as the novel coronavirus brought the longest U.S. employment expansion on record to an abrupt end.
Leasing company Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330s
Aircraft lessor Avolon on Friday announced the cancellation of an order for 75 Boeing 737 MAX planes that were due to be delivered by 2023, saying it was adjusting its order book to the disruption caused by the coronavirus pandemic.
Dollar rises again on safe-haven bids; shrugs off poor U.S. jobs number
The dollar resumed its climb against major currencies on Friday as investors took refuge in safety bids amid worsening economic fallout from the coronavirus pandemic.
Instant View: Coronavirus slams U.S. jobs growth in March
The U.S. economy abruptly ended a historic 113 straight months of employment growth in March, as stringent measures to control the novel coronavirus pandemic shuttered businesses and factories, all but confirming a recession is underway.
Coronavirus sinks U.S. payrolls, more pain awaits
The U.S. economy shed 701,000 jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the novel coronavirus outbreak shuttered businesses and factories, confirming a recession is underway.
3M to increase production of face masks after Trump order
3M Co said on Friday it would continue to increase the production of respirators, after U.S. President Donald Trump announced he was invoking the Defense Production Act to get the company to manufacture more face masks.
