Recording Academy fires first female CEO, alleging misconduct
The organizers of the Grammy Awards said on Monday they fired the chief executive they had placed on administrative leave in January.
Amtrak names new CEO to head money-losing passenger railroad
Amtrak said Monday it had tapped Atlas Air’s chief executive to run the money-losing U.S. passenger railroad that has seen record traffic.
Oil up over 4% as hopes of OPEC cut, stimulus counter virus gloom
Oil prices rose over 4% on Monday, reversing an early fall to multi-year lows as hopes of a deeper cut in output by OPEC and stimulus from central banks countered worries about damage to demand from the coronavirus outbreak.
Wall Street buys the dip as investors bet on stimulus
Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week’s steep sell-off.
U.S. manufacturing sector stalls as coronavirus hits supply chains
U.S. factory manufacturing activity slowed in February as new orders contracted, reflecting worries about supply chain disruptions related to the fast-spreading coronavirus outbreak, which has revived financial market fears of a recession.
Wall Street rebounds as investors buy the dip; stimulus measures in focus
U.S. stock indexes rose sharply on Monday, prompted by bargain hunting and on reassurances by central banks that they stood ready to counter any economic impact from the coronavirus.
Chevron offering U.S. workers buyouts to trim staffing: sources
Chevron Corp is offering buyouts to reduce its U.S. oil exploration and production workforce, three sources told Reuters, as the oil major moves to cut costs in the face of sharply lower oil and gas prices.
Honda to cut production at two Japan plants amid parts shortage: Nikkei
Honda Motor Co Ltd will temporarily cut back production in Japan due to difficulty in sourcing parts from China amid the coronavirus outbreak, Nikkei Asian Review reported on Monday citing sources at auto parts suppliers and dealers.
Banco BPM sets up new ‘disaster recovery rooms’ in Italy’s virus emergency: sources
Italy’s Banco BPM is rushing to set up new “disaster recovery rooms” after an area close to one of its existing crisis facilities emerged as the epicenter of the coronavirus outbreak, three sources familiar with the matter said.
Exclusive: UBS CEO Ermotti poised to get Swiss Re chairman role – sources
UBS Group Chief Executive Sergio Ermotti is poised to become chairman of Swiss Re next year after leaving the helm of Switzerland’s biggest bank, three people familiar with the matter told Reuters.
