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Google to slow hiring for rest of 2020, CEO tells staff

Alphabet Inc's Google will slow hiring for the rest of the year, Chief Executive Officer Sundar Pichai told the company's staff in a memo on Wednesday.



5 years ago

Costco, P&G, J&J among few to hike dividend during coronavirus crisis

Warehouse operator Costco Wholesale Corp on Wednesday raised its quarterly dividend by about 8%, joining a small but growing list of companies to do so at a time when most of corporate America is suspending shareholders returns in order to shore up liquidity as the coronavirus crisis deepens.



5 years ago

Mylan's Robert Coury back as executive chairman

Mylan NV on Wednesday named Chairman Robert Coury to the role of executive chairman to help steer the drugmaker through the coronavirus pandemic and its delayed merger with Pfizer Inc's off-patent branded drug unit, Upjohn.



5 years ago

Amazon's EU head of operations steps down amid virus crisis

Amazon.com Inc's vice president of the European Union segment, Roy Perticucci, has stepped down, the company confirmed on Wednesday.



5 years ago

Trading becomes a plus for Goldman once again during coronavirus rout

For the first time in years, Goldman Sachs Group Inc's having a sizeable trading business and a tiny consumer bank seems like a good idea.



5 years ago

Airbus puts off planned ramp-up of A220 jet

Airbus SE is delaying its planned Canadian production ramp-up of its A220 jet by a year, a company spokeswoman said on Wednesday, as the coronavirus outbreak weighs on broader airline demand for aircraft.



5 years ago

Smithfield Foods shuts U.S. bacon, ham plants as coronavirus hits meat sector

Smithfield Foods Inc, the world's largest pork processor, said on Wednesday it would shutter two U.S. plants that process bacon and ham, after closing a separate hog slaughterhouse because of an outbreak of the coronavirus among employees.



5 years ago

Exclusive: Major U.S. airlines eyeing government loans after grants - sources

Several major U.S. airlines are preparing to apply this week for a $25 billion U.S. government loan program after winning billions in federal payroll grants, people familiar with the matter said, as the industry braces for a slow recovery from the coronavirus pandemic.



5 years ago

Wells Fargo, BofA and JPMorgan grant overdraft relief as stimulus checks roll in

The top U.S. retail banks said on Wednesday they would provide relief to customers who had overdrawn checking accounts, so that they could reap the full benefits of the federal government's cash stimulus program.



5 years ago

Costco bucks dividend suspension trend with near 8% raise

Costco Wholesale Corp said on Wednesday it would raise its quarterly dividend by 7.7% to 70 cents per share, at a time when several major companies have suspended cash returns to shareholders to shore up liquidity.



5 years ago

Tesla, Musk must face shareholder lawsuit over going-private tweet

A federal judge said Tesla Inc and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction.



5 years ago

NCFA Open Letter: Government should collaborate with Fintechs during the COVID-19 pandemic to give Startups and SMEs a Fighting Chance

NCFA | April 15, 2020 re: Open Letter: Government should collaborate with Fintechs during the COVID pandemic to give Startups and SMEs a Fighting Chance Dear: Right Honourable Prime Minister Justin Trudeau Honourable Minister William Morneau Honourable Minister Navdeep Bains Honourable Minister Mary Ng   Summary While NCFA applauds the government’s work to help startups

5 years ago

Your questions on the lockdown and U.S. small business, answered

After closing their doors to prevent the spread of the coronavirus, many small businesses face an uncertain future following government-ordered lockdowns.



5 years ago

Exclusive: New York taps McKinsey to develop 'Trump-proof' economic reopening plan

New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of the region that can thwart expected pressure from U.S. President Donald Trump to move more rapidly, state government sources told Reuters on Wednesday.



5 years ago

Asia stocks set to tumble as investors fear worst recession since 1930s

Asian stocks look set to tumble on Thursday, as fears that the world is in its worst recession since the 1930s were heightened by data showing U.S. retailers suffered a record sales collapse in March due to the coronavirus outbreak.



5 years ago