Fiat Chrysler, GM try discounts, online buying to juice dormant auto sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand moved to reboot demand with seven-year, no interest loans and programs allowing customers to buy vehicles online.
U.S. restaurants seek $325 bln of federal aid due to coronavirus hit
((This March 18 story, corrects headline and first paragraph to say aid requested was $325, not $455 billion.))
U.S. factory activity contracts in March; orders tumble to 11-year low: ISM
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year low, reinforcing economists’ views that the economy was in recession.
Kroger posts 30% jump in March comparable sales, borrows $1 billion
Kroger Co’s comparable sales surged about 30% in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1 billion to boost its cash reserve as it prepared for any fallout from the health crisis.
Insurers fret as company bosses face coronavirus legal claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.
Swiss distillery shifts from schnapps to sanitizer
A Swiss distillery has converted its production of pear schnapps to make disinfectant hand gel for use against the coronavirus.
Wall Street sinks as coronavirus anxiety grows
The Dow Jones tumbled more than 700 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low and private payrolls fell for the first time since 2017.
U.S. construction spending unexpectedly falls in February
U.S. construction spending unexpectedly fell in February and could decline further as the coronavirus pandemic wreaks havoc on the economy.
U.S. dollar gains as steep global economic slump looms
The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world confronts the coronavirus pandemic.
Equities drop as evidence mounts of deep global recession
World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into a deep recession.
