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Ford to build face shields at Brazil and Argentina car plants

Ford Motor Co said on Thursday it will make 50,000 face shields at factories in Brazil and Argentina to donate in the fight against the coronavirus pandemic.



4 years ago

Walgreens shares fall as coronavirus pandemic hits store sales

Shares of Walgreens Boots Alliance Inc fell 6% on Thursday after the drugstore retailer reported a steep decline in U.S. same-store sales in the last week of March as customers stayed indoors due to the coronavirus outbreak.



4 years ago

Facebook launches fact-checking service on WhatsApp in Italy to fight coronavirus hoaxes

Facebook Inc. launched a service in Italy to check the accuracy of information on coronavirus circulating on its messaging platform WhatsApp, the U.S. tech firm said on Thursday.



4 years ago

Exclusive: Amazon to deploy masks and temperature checks for workers by next week

Amazon.com Inc plans to roll out temperature checks and face masks for staff at all its U.S. and European warehouses plus Whole Foods stores by early next week, a huge deployment for workers on the front lines of the coronavirus outbreak.



4 years ago

Americans expect to burn through their savings quickly, survey finds

As millions of jobs are lost to the coronavirus pandemic, almost half of low-income Americans say they expect to burn through their savings within three months, according to a survey.

4 years ago

White House says small business lending program will be running Friday, even as JPMorgan says it's not ready

The program is a crucial component of the $2 trillion stimulus package signed last week by President Trump to cushion disruptions tied to the coronavirus.

4 years ago

Paper stimulus checks could be delayed by up to 5 months

A Congressional memo obtained by NBC News shows just how quickly stimulus payments could get into the hands of Americans. For some, the wait could be up to five months. A web portal may fix that.

4 years ago

Tesla sees strong Model Y production, deliveries; shares rise

Tesla Inc said on Thursday production and deliveries of its Model Y sport utility vehicle was significantly ahead of schedule, as the company delivered the highest number of vehicles in any first quarter to date.



4 years ago

U.S. gig workers seeking coronavirus jobless benefits hit bureaucratic wall

Uber and Lyft drivers are hitting a wall in their efforts to apply for the coronavirus jobless benefits promised by Congress as state agencies say they are not ready to handle a class of workers who are totally new to the U.S. unemployment system.



4 years ago

Trump touts 'great' Saudi-Russia oil deal to halt price rout, but 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 cuts would work were unclear.



4 years ago

U.S. Air Force to release $882 million to Boeing: official

The U.S. Air Force will release $882 million in payments to Boeing that were held back due to flaws in the KC-46 air refueling tanker, a Pentagon official said on Thursday.



4 years ago

General Motors, Honda to jointly develop two new electric vehicles

General Motors Co and Honda Motor Co Ltd said on Thursday they would jointly develop two new electric vehicles for Honda and are exploring more ways to expand their alliance.



4 years ago

Trump invokes Defense Production Act for ventilator manufacturing

U.S. President Donald Trump on Thursday invoked the Defense Production Act to aid companies building ventilators for coronavirus patients to receive the supply of materials they need.



4 years ago

FCC proposes to fine TracFone Wireless $6 million for subsidy violations

The Federal Communications Commission on Thursday proposed to fine TracFone Wireless $6 million for allegedly violating its rules governing the subsidy program for telecommunications services for low income users.



4 years ago

Oil jump lifts Wall Street as jobless claims data surges

U.S. stocks rallied on Thursday as hopes for a truce in the price war between Saudi Arabia and Russia and a cut in oil output drove gains, taking some sting out of a shocking jump in Americans filing jobless claims due to coronavirus-led lockdowns.



4 years ago