Hyundai Motor’s China plant sales in February fall 97% from a year ago
Hyundai Motor’s China domestic plant sales in February was 1,007 vehicles, company data showed on Tuesday, down 97% from 38,017 vehicles a year ago.
Exxon pledges ‘significant’ spending cuts amid coronavirus, oil slide
Exxon Mobil on Monday said it will make “significant” cuts to spending in the face of the unprecedented slide in oil prices due to the global coronavirus outbreak, which sent its shares to a 17-year low.
PG&E wins approval for $23 billion bankruptcy financing package
Power producer PG&E Corp said on Monday that it won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition to those financing commitments.
Asian stocks fall after historic Wall Street rout
Most Asian shares fell on Tuesday a day after Wall Street’s historic market rout, with fleeting initial gains evaporating as the coronavirus remained a major risk to economic growth.
Australia’s Afterpay settles with California regulator for loans issued without license
Australia’s buy-now-pay-later firm Afterpay Ltd will refund late fees paid by customers in California for loans, which were deemed “illegal” by the U.S. state’s financial regulator, the two sides said as part of a settlement.
‘Single biggest shock’: Airlines, airports battle coronavirus cash crunch
As Boeing and other U.S. aviation companies angle for billions in assistance, airlines and airport operators globally are suspending dividends, selling airplanes and flying cargo on passenger jets amid plunging demand caused by the pandemic.
McDonald’s, Starbucks limit dine-in service in U.S. to slow coronavirus
McDonald’s Corp and Starbucks Corp have decided to close dine-in areas at many U.S. stores and shifted to take-away and delivery services, even as major cities ordered restaurants and bars closed to stop spread of the coronavirus.
Boeing in talks for short-term U.S. government assistance: source
Boeing Co is in talks with senior White House officials and congressional leaders about short-term assistance for itself and the aviation sector, a person familiar with matter told Reuters on Monday.
Amazon to hire 100,000 workers as online orders surge on coronavirus worries
Amazon.com Inc on Monday said it would hire 100,000 warehouse and delivery workers in the United States to deal with a surge in online orders, as many consumers have turned to the web to meet their needs during the coronavirus outbreak.
Another black Monday as coronavirus response upends Wall Street
Wall Street suffered its biggest drop since the crash of 1987 on Monday after unprecedented steps taken by the Federal Reserve, lawmakers and the White House to slow the spread and blunt the economic hit of the coronavirus failed to restore order to ma…
