Kroger comparable sales surge 30% in March, borrows $1 billion
Kroger Co’s comparable sales surged about 30% in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and had borrowed $1 billion to boost liquidity, the grocer said on Wednesday.
U.S. private payrolls post first drop in two-and-a-half years
U.S. private payrolls dropped in March for the first time in 2-1/2 years, likely as businesses shut down in compliance with strict measures to contain the coronavirus epidemic, supporting economists’ views that the longest employment boom in history pr…
U.S. factory activity in March was weakest since 2009: IHS Markit
The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed on Wednesday.
T-Mobile completes merger with Sprint
T-Mobile US Inc said on Wednesday it officially completed the $23 billion merger with Sprint Corp, solidifying its position as the No.3 wireless providers in the United States.
Wall St. slumps at open as coronavirus fears intensify
U.S. stock indexes tumbled at the open on Wednesday, as investors fled to safe-haven assets following the first slide in U.S. private payrolls since 2017 and dire predictions on the U.S. death toll from the coronavirus.
Fiat Chrysler U.S. auto sales fall 10% on coronavirus hit
Fiat Chrysler Automobiles NV on Wednesday posted a 10% drop in first-quarter auto sales in the United States, as the fast-spreading coronavirus outbreak hurt demand and halted production from mid-March.
Carrefour teams up with Uber Eats for lockdown deliveries
French supermarket retailer Carrefour and Uber Eats said on Wednesday they would launch a new delivery service aimed at helping Parisians buy essential goods and food during the nationwide lockdown triggered by the coronavirus crisis.
Airlines facing what official calls ‘deepest crisis ever’
(This April 1 story corrects from 14 to 26 European countries in paragraph 16)
Whiting files for Chapter 11 bankruptcy as oil prices hover at $20
Shale producer Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude prices to $20 a barrel.
Deutsche Bank mulls waiving 2020 management bonuses due to coronavirus: source
Deutsche Bank is discussing whether it will waive bonuses for its management board in 2020 due to the fallout from the coronavirus crisis, a person with knowledge of the matter said on Wednesday.
