Ford joins 3M, GE in speeding up ventilator, respirator production
Ford Motor Co said on Tuesday it was working with General Electric’s healthcare unit and 3M Co to speed up production of ventilators for patients and respirators for healthcare workers as the coronavirus pandemic escalates.
Dollar falls broadly as Fed stimulus calms panicky markets
The dollar fell broadly on Tuesday, sliding for a second consecutive day after the U.S. Federal Reserve stepped up measures to shield an economy reeling from emergency restrictions on commerce to fight the coronavirus.
Coronavirus crisis rocks airlines and planemakers
The grounding of virtually all flights by Europe’s largest budget airline and European air traffic data on Tuesday highlighted the enormity of the shock to aviation industries from the coronavirus now emptying skies around the globe.
Japan Airlines to slash international flights by 64% as coronavirus dents demand
Japan Airlines said on Tuesday it will cut flights on international routes from the country by about 64% between March 29 and April 30, as the coronavirus pandemic has hammers travel demand.
Coronavirus redraws battle lines on airline emissions
European airlines crippled by the coronavirus have demanded lasting relief from environmental taxes – in a move that pits their immediate survival against longer-term emissions goals.
Spirit AeroSystems temporarily suspends Boeing-related production
Spirit Aerosystems , Boeing’s largest supplier, is temporarily suspending production of parts for the airline at many of its facilities across the United States, the company said on Tuesday, as the global coronavirus pandemic saps demand across the ind…
Fiat Chrysler to make face masks for North America
Italian-U.S. car giant Fiat Chrysler has confirmed plans to produce a million face masks a month and said it will distribute them to emergency services in North America to help the fight against coronavirus.
Ford works with 3M, GE to speed up ventilator, respirator production
Ford Motor Co said on Tuesday it was working with General Electric’s healthcare unit and 3M Co to speed up production of ventilators for patients and respirators for healthcare workers during the coronavirus outbreak.
Futures bounce after brutal selloff
U.S. stock index futures jumped 5% to their daily upper trading limit on Tuesday, rebounding from a brutal coronavirus-driven selloff on signs that Washington was nearing a deal on a $2 trillion economic rescue package.
Refiner Phillips 66 cuts spending forecast by 18%, commits to dividend
Refiner Phillips 66 on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak and a price war between Saudi Arabia and Russia threaten the oil market with massive oversupply…
