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Walmart to limit number of customers at stores as virus crisis deepens

Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among its customers.



4 years ago

Occidental appoints Robert Peterson as CFO

Oil and gas producer Occidental Petroleum Corp said on Friday it appointed Robert Peterson as the company's new chief financial officer.



4 years ago

Big U.S. banks start accepting small business aid requests

Bank of America Corp and JPMorgan Chase & Co are now accepting applications for federally backed small-business loans, a sign that big U.S. banks have warmed up to the relief program after initially resisting participation.



4 years ago

Exxon plays on virus worries in Baytown contract talks: union official

A union official said on Friday Exxon Mobil Corp is playing on economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery.



4 years ago

Trump touts 'great' Saudi-Russia oil deal to halt price rout, details unclear

U.S President Donald Trump said on Thursday he had brokered a deal with top crude producers Russia and Saudi Arabia to cut output and arrest an oil price rout amid the global coronavirus pandemic, though details of how the cut would work were unclear.



4 years ago

U.S. Air Force recommends paying Boeing up to $924 million: sources

The U.S. Air Force has recommended the release of up to $924 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, according to a memo seen by Reuters and a source familiar with the situation.



4 years ago

Coronavirus punishes Warren Buffett's equity holdings

The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc , setting up the conglomerate for one of the largest quarterly losses ever by an American company.



4 years ago

Yield-thirsty investors eye stock dividends as virus fears shrink bond payouts

Battered S&P 500 stocks may get fresh interest from investors turning to dividends in a world of shrinking bond yields.



4 years ago

U.S. financial industry asking SEC to delay broker disclosure rule, citing coronavirus: sources

The financial industry wants the U.S. Securities and Exchange Commission to hold off on parts of a new rule requiring brokers to disclose potential conflicts of interest, citing disruptions caused by the coronavirus, four people with knowledge of the discussions said.



4 years ago

Dollar gains for second day, shrugs off record U.S. jobless claims

The dollar rose for a second straight day against a basket of currencies on Thursday as investors, worried about the prospect of a global recession, continued to take shelter in the greenback.



4 years ago

How to get your taxes in quickly and safely during the coronavirus pandemic

Even with three more months to process returns, chances are that your tax professional is swamped with paperwork and questions about the new COVID-19 relief. How to make the tax filing process pain-free.

4 years ago

Oil crash poses severe test for OPEC+ after Moscow, Riyadh miscalculate

U.S. President Donald Trump says he has brokered a deal with Saudi Arabia and Russia that would see sweeping oil output cuts. Riyadh has called for emergency talks, and Moscow has said it no longer plans to hike production in a battle for market share.



4 years ago

GE to furlough 50% of U.S. engine assembly, component manufacturing ops staff

General Electric Co said on Thursday it would furlough about half its workers in the U.S. engine assembly and component manufacturing operations, a move that would affect thousands of employees, as the coronavirus pandemic hurts travel demand.



4 years ago

U.S. small business bailout starts Friday. Is the government ready?

Chris Hurn, founder of Fountainhead Commercial Capital, has received 7,400 small business loan requests in the past two weeks, more than his business has handled in its five years of existence.



4 years ago

Exclusive: Trump does not plan to ask U.S. oil producers for coordinated cuts - official

The United States does not know formal details of Saudi Arabian and Russian plans to reduce oil supply yet and will not ask U.S. domestic oil producers to chip in with their own cuts, a senior administration official told Reuters on Thursday.



4 years ago