U.S. extends tax filing deadline to July 15: Mnuchin
The U.S. government will give individuals and companies an extra three months to file their 2019 tax returns, extending the deadline to July 15 amid the coronavirus outbreak.
BMW will idle South Carolina plant for two weeks starting April 3
BMW AG said on Friday it will temporarily close its South Carolina plant for two weeks starting April 3.
Goldman Sachs CEO sees 2019 compensation rise $4 million
Goldman Sachs Group Inc’s Chief Executive David Solomon got a $4 million raise in his total compensation for 2019 from 2018, according to corporate filings released on Friday.
Ted Baker says 38% of global retail sales hit by coronavirus
Troubled fashion retailer Ted Baker Plc said on Friday it has shut businesses that accounted for about 38% of its global retail sales in 2020 due to the coronavirus outbreak.
Macy’s suspends quarterly dividend, withdraws 2020 forecast
Macy’s Inc said on Friday it would suspend its quarterly dividend and withdrew its 2020 sales and profit forecasts due to ongoing disruptions from store closures on the back of the fast-spreading coronavirus.
States rush to prepare for wave of U.S. unemployed
The U.S. unemployment benefits program, a key part of the safety net for the labor market, is facing its biggest test in more than a decade.
Oil falls for fourth week; U.S. crude posts steepest weekly loss since 1991
U.S. crude tumbled 10.7% on Friday and posted its biggest weekly decline since the 1991 Gulf War as the coronavirus epidemic dried up global demand and as officials in Washington said an envoy would head to Saudi Arabia to deal with fallout of a Saudi-…
New York order spooks Wall Street, offsets calm from policy efforts
Wall Street retreated on Friday after New York ordered residents to stay home, rattling investors who had welcomed this week’s fiscal and monetary measures to counter the coronavirus shock and help revive the safe-haven appeal of bonds and gold.
Stretched British supermarkets step-up hiring to ride out health crisis
With food flying off the shelves as fast as exhausted shop assistants can replenish them, British supermarkets have stepped up their hiring to see them through the coronavirus crisis.
Spain to treat thousands of coronavirus patients in conference hall as toll tops 1,000
Spanish authorities said on Friday they would turn a Madrid conference center into a giant makeshift military hospital for thousands of coronavirus patients, as Europe’s second-worst outbreak claimed another 235 lives.
