Bombardier halts most operations in Canada due to coronavirus
Bombardier pulled its 2020 outlook on Tuesday and said it would stop work at most of its Canadian operations until April 26 to help slow the spread of the coronavirus pandemic.
Comcast shuts theme parks, delays film distribution due to COVID-19
Comcast Corp on Tuesday warned of a hit to its results from the coronavirus outbreak as it shut all its theme parks and delayed distribution of films in theaters worldwide.
UK banks scramble to protect customers from wave of coronavirus scams
UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes.
Boundless Fed bond-buying fuels stocks rebound, dollar recoils
Financial markets rebounded on Tuesday, with stocks and oil jumping about 4% in Europe, while the safe-haven dollar recoiled as unprecedented global stimulus efforts gained traction.
France’s Accor, Airbnb help provide rooms for medics during crisis
French hotel group Accor and home rental company Airbnb are launching online services to help medical staff fighting the coronavirus epidemic in France find emergency housing.
General Motors to draw down $16 billion in credit, suspends 2020 outlook
General Motors Co said on Tuesday it will draw about $16 billion from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak.
Aston Martin to temporarily shut UK manufacturing facilities
British luxury carmaker Aston Martin said on Tuesday it would suspend production at its UK manufacturing facilities starting Wednesday until April 20 to cope with the coronavirus pandemic, which has hurt demand for its cars.
Global airlines face emergency, need rescue package now: IATA
Global airlines are in an emergency situation and government rescue packages are needed as quickly as possible to avoid multiple airline collapses, the head of the International Air Transport Association warned on Tuesday.
Unilever to shield workers from financial impact of coronavirus
Consumer goods giant Unilever Plc said on Tuesday it would protect its workforce from the financial impact of the coronavirus by continuing to pay contractors and other part time staff for up to three months.
Chevron cuts 2020 spending, Permian production forecasts
Chevron Corp will cut capital spending by $4 billion this year and suspend share buybacks, the latest oil company to slash costs in the face of massive demand destruction from the worsening coronavirus pandemic and an unprecedented slide in oil prices…
