The U.S. weighs the grim math of death vs. the economy
Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop in revenue from travel industry clients because of the coronavirus.
Partisan divide returns in U.S. Congress on coronavirus next steps
Fresh partisan divisions flared on Sunday on the next steps for the U.S. Congress in dealing with the coronavirus crisis, with the top House of Representatives Republican casting doubt on the need for more economic stimulus legislation while House Spea…
Aston Martin furloughing some staff after coronavirus plant closures
Britain’s Aston Martin said on Monday it is furloughing some employees as it handles the fallout from the coronavirus outbreak which has closed its car factories.
Wall Street gains as U.S. extends shutdown to limit virus spread
U.S. stocks rose on Monday as President Donald Trump followed last week’s massive fiscal stimulus package by extending his stay-at-home guidelines, leaving investors to await more signs on the next stages of a deepening economic crisis.
Williams-Sonoma, Pottery Barn unit made unsubstantiated ‘made in America’ claims: FTC
Luxury kitchenware company Williams-Sonoma Inc and its Pottery Barn unit have agreed to stop making unsubstantiated “made in America” claims and to pay $1 million, the Federal Trade Commission said on Monday.
Disney Chairman Bob Iger to forgo salary amid virus crisis
Walt Disney Inc Executive Chairman Bob Iger will forgo his salary and newly named Chief Executive Officer Bob Chapek will take a 50% pay cut amid the coronavirus crisis, according to an internal email from Chapek.
Harley-Davidson settles board fight with investor Impala
Harley-Davidson Inc said on Monday it settled a board fight with Impala Asset Management just days after the investor began pressing to replace two directors at America’s oldest and best-known motorcycle maker.
Macy’s to furlough nearly 130,000 employees as virus keeps stores shut
Macy’s Inc said on Monday it would furlough most of its employees starting this week as all stores of the department chain operator stay closed to curb the spread of the coronavirus.
France’s Carrefour gives masks after staff walkout over coronavirus
Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday.
Swiss bank UBS sticks to 2019 dividend amid global calls for payout freezes
UBS Group intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the global economy.
