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US dollar gains as global easing gives temporary respite NEW YORK (Reuters) - The dollar advanced on Monday, snapping a week of declines, as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the coronavirus pandemic.
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Airline workers might not be cut but in coronavirus travel collapse their paychecks will be smaller Delta is cutting thousands of employee hours by 25% in a bid to save money as coronavirus sinks travel demand. Unionized flight attendants and pilots say those employees have contracts that mean they have minimum pay, even though actual flying might be ...
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Here's why Amazon and Instacart workers are striking at a time when you need them most (CNN Business) Workers helping to get household essentials to people across the country during the coronavirus pandemic are fed up with the companies they work for. On Monday, they offered their strongest public demonstration of their frustration yet.
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Ready for a rent strike? The idea is gaining steam during coronavirus crisis ST. LOUIS – With millions of people suddenly out of work and rent due at the first of the month, some tenants are vowing to go on a rent strike until the coronavirus pandemic subsides. New York, Boston, Los Angeles, San Francisco and St. Louis are among ...
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Ford and General Electric team up to produce ventilators as major manufacturers shift to medical equipment Ford Motor Co. and General Electric are teaming up to build tens of thousands of ventilators, the manufacturers announced Monday, the latest development in a massive effort to retool existing U.S. manufacturing and supply chain capabilities for the treatment ...
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Stocks making the biggest moves after hours: RH, Domino's Pizza, Marathon Oil and more Check out the companies making headlines after the bell. RH — The home furnishings retailer's stock fell 11% in extended trading after the company missed analysts' estimates on revenue during the fourth quarter. RH reported revenue of $665 million, while ...
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Airbnb extends coronavirus cancellation window to May 31, sets aside $250 million to pay hosts for missed stays Airbnb announced it will allow guests to receive full refunds for trips starting on or before May 31 that were booked prior to March 14 as the company continues to struggle through the coronavirus' impact on the travel industry. The company will also pay $250 ...
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Johnson & Johnson to Invest $1 Billion in COVID-19 Vaccine Development The world's largest healthcare company didn't get this big by gambling, but it just made a huge bet on an experimental coronavirus vaccine. On Monday, Johnson & Johnson (NYSE: JNJ) selected a lead vaccine candidate for SARS-CoV-2, the novel ...
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Senior Disney Executives to Take Pay Cuts Due to Coronavirus Bob Iger arrives at the 90th Academy Awards Nominees Luncheon at The Beverly Hilton hotel, in Beverly Hills, Calif 90th Academy Awards Nominees Luncheon – Arrivals, Beverly Hills, USA – 05 Feb 2018. Jordan Strauss/Invision/AP/REX/Shutterstock.
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Amarin Stock Melts Down After Reportedly Losing Key Patent Battle Amarin stock melted down Monday after a Nevada judge reportedly ruled generic drugmakers can knock off the biotech company's high triglycerides treatment, Vascepa. X. Error loading player: No playable sources found. The decision — widely reported on ...
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Wall Street's Rally Rolls on, Led by Health Care Stocks NEW YORK — U.S. stocks climbed Monday, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak. The rally tacked more gains onto a recent upswing for the market, which is coming off the best week ...
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PRECIOUS-Gold rises as coronavirus spreads, US restrictions fuel safe-haven bids (Updates prices and adds analyst comments) * Gold on track for sixth straight quarterly rise * S.Africa's three-week shutdown hits platinum output * Graphic - Coronavirus unknowns: reut.rs/2UHIgvz By Sumita Layek March 30 (Reuters) - Gold prices inched up ...
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CEO Larry Fink Sounds Cautiously Optimistic Note in Letter to BlackRock Shareholders In his annual letter to BlackRock shareholders, CEO Larry Fink sounded a cautiously optimistic note, despite the unprecedented decline in the global economy and markets caused by the coronavirus pandemic. "In my 44 years in finance, I have never ...
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4 Oil Producer Stocks Crashing While the Market Is Up Oil stocks have been having another bad day on March 30. While the S&P 500 index is up 2.6% as of 1:01 p.m. EDT, many companies involved in the oil and gas industry are seeing their stocks fall sharply. Independent oil and gas producers in particular are ...
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Battelle, OSU Wexner Medical Center develop new coronavirus test, with results in few as 5 hours CLEVELAND, Ohio -- Patients at the OSU Wexner Medical Center could see coronavirus test results in as few as five hours, using a new test developed with Columbus nonprofit Battelle. Ohio State processed its first 91 tests for diagnosis Wednesday using the ...
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American Airlines to apply for up to $12 billion in government aid: memo CHICAGO (Reuters) - American Airlines Holdings Inc (AAL.O) intends to apply for up to $12 billion government aid, ensuring no involuntary layoffs or pay cuts in the next six months, executives said in a memo to employees on Monday. "We certainly hope and ...
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Macy's, Kohl's, Gap to furlough majority of their workers By ANNE D'INNOCENZIO. NEW YORK (AP) — Macy's, Kohl's and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of ...
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Richard Branson's Virgin Orbit to Pivot From Rockets to Ventilators Billionaire Richard Branson's rocket-launch company is looking to join the rush to make ventilators, as a shortage of the life-saving equipment looms because of the coronavirus pandemic. Virgin Orbit is trying to start producing a simple type of medical ...
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Local services marketplace Thumbtack lays off 250 employees Thumbtack CEO Marco Zappacosta announced in a blog post today that the company has laid off 250 employees. Much has been written about the impact that the COVID-19 and the resulting social distancing/shelter in place measures are having on small ...
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Yum Brands May Just Be Start of the Junk Market Reopening The junk-bond market showed its first sign of life in nearly a month after investors piled in orders on a new deal on Monday, a sign that this could be the start of more to come. YUM! Brands Inc. sold $600 million of debt, up from $500 million, in the first ...
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Girl Scout cookies refuse to be slowed down by coronavirus Order your favorite Girl Scout cookies online. Girl Scouts. For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website. Some sweet news for those turning to comfort food to ease the stay-at-home blues: The ...
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New York governor begs for help amid 'staggering' death toll NEW YORK (AP) — New York's governor issued an urgent appeal for medical volunteers Monday amid a "staggering" number of deaths from the coronavirus, as he and health officials warned that the crisis unfolding in New York City is just a preview of what ...
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Attorney General investigating Ann Arbor-area business for price gouging on hand sanitizer LANSING, MI - Michigan Attorney General Dana Nessel is investigating an Ann Arbor-area cleaning supply business on suspicion of price gouging in sales of hand sanitizer amid the coronavirus outbreak. Nessel's office on Friday, March 27 petitioned for ...
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AT&T adds new ways to keep distance between employees and customers amid COVID-19 AT&T Inc. is taking further steps to encourage minimal interactions amid the COVID-19 pandemic. The Dallas telecommunications and media company, which already has shuttered many of its stores, Monday announced curb-side pick-up for customers.
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Why Axsome Shares Are Pulling Back After A Clinical Readout Shares of Axsome Therapeutics Inc (NASDAQ: AXSM) — which skyrocketed 3,565% in 2019 thanks to a steady stream of positive clinical updates — were tanking Monday. Axsome's Mixed Results Trigger Investor Pullback. In a late-stage clinical readout, ...
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Demolition company cannot get insurance to implode Hard Rock construction site, developer says NEW ORLEANS (WVUE) - The company contracted by the developers of the doomed Hard Rock Hotel in New Orleans to knock the building down does not have the liability insurance to do the job, according to 1031 Canal Development. "In January, the City ...
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FCA to defer 20% of salaried workers' pay; Manley to take 50% cut Fiat Chrysler Automobiles is deferring 20 percent of salaried workers' pay from April through June and CEO Mike Manley will have his salary cut by half as the company deals with the fallout of the coronavirus pandemic. Manley said in a note to employees ...
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COVID-19 not spread through mail; rumors refuted about issues at Allen Park distribution center In a time of crisis, rumors run rampant. During this global coronavirus pandemic, all sorts of information is being disseminated via social media, some of it accurate and some of it not. One belief held by some people is that the virus can be spread by handling ...
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Virginia is for Restaurant Lovers Week: Three options for Day 1 RICHMOND, Va. (WWBT) - Every business is being affected in some way by the coronavirus, especially the service industry. So the Commonwealth is making this week "Virginia is for Restaurant Lovers" Week. It's a chance for you to go to one of your local ...
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Texarkana Monday, March 30 COVID-19 Update At the time of this release, Bowie County has seven confirmed cases of COVID-19 (Coronavirus). Cass County has two confirmed cases. Texarkana, Arkansas has one positive case. The CDC has issued a warning against taking non-pharmaceutical ...
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Waukesha starts construction bidding for Lake Michigan water system The city of Waukesha will hold a mandatory pre-bid meeting Tuesday for the first contract to build its new Lake Michigan water system. Todd Bragstad. By Sean Ryan – Reporter, Milwaukee Business Journal. Mar 30, 2020, 4:59pm CDT. Waukesha this month ...
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Jackson Health System's CEO tests positive for coronavirus MIAMI – Carlos Migoya, the president and chief executive officer of the Jackson Health System in Miami-Dade County, tested positive for COVID-19, the respiratory illness caused by the new coronavirus. Migoya released a statement saying he was ...
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Detroit Auto Show Canceled As Venue Turned To Hospital To Treat Covid-19 Cases (RTTNews) - The 2020 North American International Auto Show, known as Detroit auto show, has been canceled as the venue is being converted into a field hospital to treat coronavirus or COVID-19 patients. The auto show, which was scheduled in June this ...
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American Express to Freeze Hiring but Avoid Layoffs This Year American Express (AXP) - Get Report will freeze hiring after setting up more than 60,000 staffers to work from home due to the coronavirus pandemic, a media report says. The New York financial-services company will also avoid layoffs this year, Bloomberg ...
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Air Canada to reduce workforce by 16500 as it parks planes during COVID-19 Air Canada will send home 15,200 unionized employees and 1,300 managers due to the "unpredictable extent and duration" of the COVID-19 pandemic. Canada's largest airline announced Monday it will place the unionized members on off-duty status and ...
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Norwegian Cruise Line Holdings Ltd. Announces Extension of Voluntary Suspension of Voyages Extended Suspension Includes Voyages for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises with Embarkation Dates from April 12 through May 10, 2020. Suspension Contributes to Global Efforts to Stem the Spread of COVID-19 ...
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Gap Inc. Business Update as a Result of Coronavirus Gap Inc. (NYSE: GPS) today announced that, while eager to reopen its company-operated North American and European stores, the company anticipates the closures to extend past the previously announced April 1 date, as a result of continued measures to ...
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HEB donates truckloads of food to San Antonio Food Bank SAN ANTONIO (KTSA News) – H-E-B is delivering 24 truckloads of groceries to food banks across Texas, including the Facility here in San Antonio. Eric Cooper, President and CEO of the San Antonio Food Bank, says they've been struggling to meet the ...
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Bernie Sanders Calls Out Everlane Everlane sells ubiquitous flattering basics. It also sells a brand concept that's into ethical fashion and "radical transparency" with respect to supply chains and costs. And it's been very successful at it: The company was valued at $250 million in 2016.
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Penn National Revokes 2020 Outlook due to Coronavirus Scare The devastating impact of the novel coronavirus outbreak (COVID-19) on the global economy has compelled Penn National Gaming, Inc. PENN to withdraw its previously announced 2020 guidance. With the coronavirus pandemic showing no signs of ...
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Andrew Cuomo's bid to ram industrial wind, solar plants down locals' throats Gov. Andrew Cuomo deserves credit for his handling (so far) of the coronavirus pandemic. But not so for his push to eliminate residents' ability to decide for themselves if they want industrial-scale wind and solar projects in their towns. Upstate communities ...
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Coronavirus cases among employees lead to temporary closure of Delaware chicken plant We are providing this content free as a public service to readers during the coronavirus outbreak. Please support the work we're doing by subscribing to Delaware Online. Professional cleaning crews pulled into the nearly empty parking lot of the Perdue plant ...
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1 dies from COVID-19 in Sangamon County SANGAMON COUNTY, Ill. (WAND) - One person has died from COVID-19 in Sangamon County, according to a joint press release from county officials. This is the second death announced in the county from the virus. The county also announced three new ...
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