Reuters: Business News
|Wall Street falls as coronavirus shreds U.S. payrolls
Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
POSTED APRIL 03, 2020 6:22 PM
|Soaring unemployment increases odds U.S. banks will cut dividends
Questions are building about whether big U.S. banks will have to cut dividends later this year as the coronavirus crisis puts a record portion of Americans out of work, making it difficult for borrowers to pay back loans.
POSTED APRIL 03, 2020 6:16 PM
|U.S. airlines apply for U.S. payroll grants for crisis help
Major U.S. airlines applied on Friday for payroll grants from the U.S. Treasury meant to keep workers employed while airlines ride out their toughest crisis in history due to the coronavirus, though some warned the funds are "not enough."
POSTED APRIL 03, 2020 6:14 PM
|Occidental names new CFO in latest management change
Oil and gas producer Occidental Petroleum Corp on Friday named company insider Robert Peterson as its new chief financial officer.
POSTED APRIL 03, 2020 6:13 PM
|Exclusive: Amazon to delay Prime Day event due to coronavirus, outlines cloud risks
Amazon.com Inc is postponing its major summer shopping event, Prime Day, until at least August and expects a potential $100 million hit from excess devices it might now sell at a discount, according to internal meeting notes seen by Reuters.
POSTED APRIL 03, 2020 6:10 PM
|Explainer: Antitrust law won't get in the way of U.S. acting to raise oil prices
It is illegal for oil producers to meet to discuss pushing up oil prices under U.S. antitrust law, but perfectly legal if state regulators or the federal government set lower production levels for them, U.S. antitrust experts said on Friday.
POSTED APRIL 03, 2020 5:55 PM
|Large U.S. banks to take small business loan applications next week: Mnuchin
U.S. Treasury Secretary Steven Mnuchin said on Friday he expects all large U.S. banks to be participating in a newly launched, $350 billion small business coronavirus rescue loan program by next week, with community banks issuing most of the loans so far.
POSTED APRIL 03, 2020 5:40 PM
|Warren Buffett's Berkshire Hathaway sells some stake in Delta Air Lines
Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc .
POSTED APRIL 03, 2020 5:38 PM
|Fiat Chrysler postpones shareholders' meeting and resolution on dividend to late June
Fiat Chrysler said on Friday it decided to postpone to late June its shareholders' meeting scheduled for April 16, as a consequence of the continuing coronavirus emergency.
POSTED APRIL 03, 2020 5:37 PM
|Walmart to limit number of customers at stores as virus crisis deepens
Walmart Inc said on Friday it would limit the number of customers in a store at a time, starting April 4, to encourage social distancing among its customers.
POSTED APRIL 03, 2020 5:33 PM