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Starbucks extends coronavirus provisions for two weeks, explores more changes

Starbucks Corp on Wednesday said it will extend special coronavirus provisions, including pay increases for workers and closed dining areas, for two weeks to May 3.



4 years ago

Wall Street dives 4% as virus pandemic fears intensify

Wall Street's three major indexes fell more than 4% on Wednesday, after President Donald Trump's dire warning on the U.S. death toll from the coronavirus sent investors running from even the most defensive equities.



4 years ago

Fiat Chrysler, GM try discounts, online buying to lift plunging U.S. sales

With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand with seven-year, no-interest loans and programs allowing customers to buy vehicles online.



4 years ago

Challengers rev their engines to fight Trump's auto emissions weakening

Just two months after taking office, President Donald Trump in March 2017 traveled to Michigan to announce that he would undo ambitious vehicle emissions standards mandated under his predecessor Barack Obama, portraying the reversal as a boost to the U.S. auto industry centered in the Midwestern state.



4 years ago

EU industry chief sees no quid pro quo in Chinese firms' 'mask diplomacy'

EU industry chief Thierry Breton says he does not see any ulterior motive behind Huawei [HWT.UL] and other Chinese companies' donations of face masks to the bloc and that solidarity is the best way to tackle the global coronavirus outbreak.



4 years ago

U.S. sues to force Altria to unwind investment in JUUL

The U.S. Federal Trade Commission said on Wednesday that it had filed a complaint aimed at forcing Altria Group to sell its $12.8 billion investment in e-cigarette maker JUUL.



4 years ago

U.S. will work with global oil producers to address volatility in markets: Trump adviser

The United States "will work with the world's largest oil producers to address volatility in global oil markets," U.S. President Donald Trump's national security adviser Robert O'Brien said on Wednesday.



4 years ago

U.S. crude oil futures jump 5% at open

U.S. crude oil futures rose 5% on the open on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic.



4 years ago

Booking Holdings CEO tests positive for coronavirus

Online travel agency Booking Holdings said on Wednesday Chief Executive Officer Glenn Fogel has tested positive for coronavirus.



4 years ago

Trump says he expects Saudi-Russia oil production deal in coming days

U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production to end a price war that has "ravaged" the oil industry worldwide.



4 years ago

U.S. crude oil futures up 4.8%, support at $20

U.S. crude oil futures opened 5% higher on Thursday, reversing Wednesday's losses, despite growing concerns about a looming economic depression due to the coronavirus pandemic.



4 years ago

Banks wary of liquidity extend expensive, shorter-dated credit to GE

NEW YORK (LPC) - General Electric Co is asking its lenders to replace US$20bn in revolving loans with a new debt package that will come with a smaller size and shorter maturities, sources said.



4 years ago

British Airways expected to suspend 36,000 staff: BBC

IAG-owned British Airways is expected to announce suspension of about 36,000 of its employees, BBC News reported on Wednesday.



4 years ago

U.S. Energy Department urges Saudi, Russia to calm oil markets

The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom's crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic.



4 years ago

Elon Musk's SpaceX bans Zoom over privacy concerns: memo

Elon Musk's rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing "significant privacy and security concerns," according to a memo seen by Reuters, days after U.S. law enforcement warned users about the security of the popular app.



4 years ago