Top French court recognizes Uber driver as employee
France's high court has granted an Uber driver's request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.
France's high court has granted an Uber driver's request to reclassify his contractual relationship with the ride-hailing operator as an employment contract, it said on Wednesday.
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.
Dollars will stretch the farthest in cities like Memphis, Tennessee, but in San Francisco, retirees can blow through $1 million in less than a decade.
France's top court has recognized the right of an Uber driver to be considered an employee, in a ruling that could upend the U.S. firm's business model and potentially require it to pay more taxes as well as benefits such as paid holidays.
Andrew Bailey, who is due to become Bank of England governor this month with Britain facing an economic hit from coronavirus, said financial support would probably have to be provided for companies struggling with disruption caused by the outbreak.
U.S. private payrolls increased more than expected in February, pointing to labor market strength before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve.
U.S. services sector activity accelerated to a one-year high in February, suggesting underlying strength in the economy despite the coronavirus outbreak, which has triggered financial market fears of a recession and led to an emergency interest rate cut from the Federal Reserve.
Campbell Soup Co on Wednesday raised its fiscal full-year earnings forecast and posted better-than-expected quarterly profit and sales due to strong demand for soups and snacks, and its shares rose 5% in early trade.
A recent surge in demand for safe-haven investments sent the yield on the benchmark 10-year Treasury note below 1% the first time ever. Home buyers and student loan borrowers could benefit.
The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages if they are forced to stay home during a quarantine but also a fragile safety net to fall back on during such a crisis.
General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.GE predicted that the outbreak would erase $300 million to $500 million from industrial free cash flow and cause a hit of $200 million to $300 million to its first-quarter operating profit. GE set a forecast for first-quarter earnings of about 10 cents a sh
Fiat Chrysler Automobiles said on Wednesday its U.S. sales chief, Reid Bigland, is leaving the company to pursue other interests.
The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday, adding that a third of the Fund's 189 member countries were now affected.
General Motors Co Chief Executive Mary Barra said Wednesday the Detroit automaker will invest $20 billion by 2025 in electric and automated vehicles as it races to catch up with Elon Musk's Tesla Inc as vehicles go electric.
General Motors Co Chief Executive Mary Barra said on Wednesday the automaker's North American vehicle production should be secure from parts shortages caused by the coronavirus outbreak "quite far into this month."