Spirit cancels New York, Connecticut, New Jersey flights after CDC warning
Low-cost U.S. carrier Spirit Airlines Inc said on Monday it will cancel all flights to and from New York, Connecticut and New Jersey after U.S. officials warned against travel to the area because of the COVID-19 pandemic.
KFC owner Yum Brands breaks junk debt market’s fast
Yum Brands Inc , owner of Pizza Hut, KFC and Taco Bell restaurant chains, sold $600 million in bonds on Monday, reopening the U.S. market for junk-rated debt issues after its longest lull since the 2008 financial crisis.
Airbnb to pay out $250 million to hosts to help ease coronavirus cancellation pain
U.S. home rental firm Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic.
U.S. grocers add plexiglass sneeze guards to protect cashiers from coronavirus
Kroger Co, Walmart Inc, Albertsons and other grocery sellers are installing plexiglass partitions at checkout counters to protect cashiers from the highly contagious coronavirus.
Ford, GE to produce 50,000 ventilators in 100 days
Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General Electric’s healthcare unit, and can then build 30,000 per month as needed to treat patients afflicted with the cor…
Credit Suisse weighs curbing bonuses at time of coronavirus: CEO
Credit Suisse bank could restrain 2020 bonuses in a show of unity with victims of the coronavirus epidemic in Switzerland, Chief Executive Thomas Gottstein said on Monday.
J&J, Moderna sign deals with U.S. to produce huge quantity of possible coronavirus vaccines
The U.S. government has cut deals with Johnson & Johnson and Moderna Inc and said it is in talks with at least two other companies to prepare them to produce massive quantities of coronavirus vaccines even before safe and effective ones become available.
Visa transaction volumes hurt as coronavirus crisis deepens
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit percentage revenue growth for the second quarter.
Macy’s, Kohl’s, Gap turn to mass furloughs as virus crisis deepens
Major U.S. retailers Macy’s Inc , Kohl’s Corp and Gap Inc said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of the coronavirus outbreak.
Coronavirus could force GM to delay its redesigned 2021 SUVs
General Motors told suppliers on Monday it is postponing work on at least half a dozen future models to conserve cash during the coronavirus pandemic and suggested it could delay the planned launch in late April of its highly profitable large sport ut…
