Mondelez raises hourly wage, hands out weekly bonus as virus worries fuel demand
Mondelez International Inc on Monday said it would increase hourly wage by $2 and pay a $125 weekly bonus for its sales representatives as it rushes to meet a surge in demand for its packaged food due to the coronavirus outbreak.
Fed’s money market move lifts Northern Trust fund above key threshold
Liquidity at a $2.2 billion prime money-market fund run by Northern Trust Corp fell below the key 30% U.S. regulatory threshold twice last week, but rebounded above that level after the U.S. Federal Reserve shored up the industry.
Nordstrom joins Macy’s in suspending dividend amid coronavirus
Nordstrom Inc said on Monday it would suspend its quarterly cash dividend and share repurchases as it looks to weather the impact from the coronavirus pandemic.
Coronavirus drags car dealers into digital commerce
Auto retailers have been slow to embrace e-commerce, but the coronavirus pandemic is changing that.
Fed’s big move could help U.S. Treasury liquidity, but effects may not last long
The Federal Reserve’s unparalleled steps to directly backstop the U.S. economy and its willingness to purchase vast sums of U.S. government debt, mortgage-backed securities and even corporate bonds could help boost depleted liquidity in the $17-trillio…
Historic Fed boost fails to stop Wall Street’s coronavirus-driven sell-off
Wall Street’s slide deepened on Monday as an unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy proved insufficient to sooth investors’ fears about the swiftly-spreading coronavirus.
At Alibaba’s Lazada, coronavirus measures become the latest culture conflict
At Lazada, the Southeast Asian arm of Alibaba Group Holding , staff are furious over demands they submit health reports daily and other coronavirus-prevention steps seen as too invasive, highlighting a long-running culture clash with management from Ch…
Twitter ad sales hit by coronavirus but active users soar
Twitter Inc pulled its first-quarter revenue outlook and forecast an operating loss on Monday as the coronavirus outbreak crimped ad sales, but said the pandemic boosted the number of active users on the microblogging platform.
Trump says won’t allow long-lasting damage to economy from virus
U.S. President Donald Trump said on Monday he will not allow the coronavirus to do long-lasting damage to the U.S. economy and that he would consider how to move forward after a 15-day shutdown ends next week.
Tipping goes virtual as coronavirus decimates U.S. restaurant jobs
As restaurants and bars across the United States shut their doors and lay off their staff in the wake of the coronavirus outbreak, America’s famed service culture is moving online – with regulars paying their out-of-work waiters, favorite bar staff, and even total strangers via virtual tip jars.
