Groups representing major automakers and suppliers asked U.S. lawmakers on Friday to consider new tax relief and delay the start of a new trade deal as auto sales decline as a result of the coronavirus pandemic.
U.S. airlines called on Friday for a government stimulus package meant to help them weather the coronavirus crisis by providing payroll protections, warning that around 750,000 jobs depend on the airline industry.
Wells Fargo & Co said on Friday it is suspending residential property foreclosure sales, evictions and involuntary automobile repossessions due to the coronavirus outbreak.
Boeing Co will cancel CEO pay, suspend its dividend and extend a pause on share buybacks, the U.S. planemaker said on Friday, as companies eager for government aid to curb fallout from the coronavirus face pressure to cut payouts to investors.
U.S. Department of Education Secretary Betsy DeVos announced on Friday that student loan borrowers could put their monthly payments on pause for at least 60 days during the coronavirus outbreak. But this option was already available.
S&P Global Ratings said the default rate for high-yield, or junk, bonds is heading to 10% over the next 12 months, more than triple the rate of 3.1% that closed out 2019.
As Washington haggles over how much money to send to Americans in the wake of the coronavirus epidemic, there could be one more side effect: taxes. Here's how much the government is currently thinking about sending you, and how much of a cut it may or may not take.
Nearly half a million litres of confiscated vodka and rectified spirit will be sent to Polish public institutions in need of disinfectant amid the coronavirus outbreak, Poland's prosecutor's office said on Friday.
French utility EDF is introducing stricter hygiene procedures at its nuclear plants after walk-outs by a small number of workers who feared getting infected with coronavirus during radiation screening, union and industrial sources said on Friday.
The collapse in global passenger flights has left airlines with fresh challenges: how to manage overhedged jet fuel positions as oil prices crashed to just a third of some contracts agreed in anticipation of rising prices and solid air travel demand.
A further 39 people have died in England after testing positive for the coronavirus, bringing the total number of confirmed deaths in the country to 167, the National Health Service said on Friday.
As many as 300,000 European Union citizens are seeking repatriation due to the coronavirus outbreak, with Latin America and Southeast Asia two regions from where it is proving tough to get people home, the EU's top diplomat said on Friday.
Bank of America Corp's consumer division has hired 1,700 people in critical support roles so far this month, a spokesman said on Friday, as the industry faces a surge in customer service demand due to concerns about the coronavirus outbreak.
Uber Taxi suspended its operations in Saudi Arabia until further notice due to measures announced by interior ministry, a company statement said on Friday.