H&M starts protective apron production at supplier
H&M, the world’s second-biggest fashion retailer, said on Wednesday it had started producing protective aprons at a supplier and would deliver one million aprons to...
From wax jackets to medical gowns: Barbour joins coronavirus battle
British fashion brand Barbour has turned over its production line to making protective gowns for frontline healthcare workers battling the coronavirus outbreak, reviving memories of...
Deloitte UK says cutting partner pay to preserve jobs in pandemic
Global accounting and consulting company Deloitte said partners at its UK arm would have their pay cut by a fifth this year to protect jobs...
Coronavirus delivers record blow to U.S. retail sales in March
U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand for...
UnitedHealth rises on ‘minimal’ COVID-19 impact on results, reiterated outlook
UnitedHealth Group Inc on Wednesday reported a better-than-expected quarterly profit due to strength in the pharmacy benefit business and maintained its forecast for the year,...
Global shares fall, weighed down by cheap oil and economic warnings
Global stocks fell on Wednesday as oil prices dropped and warnings of the worst global recession since the 1930s underscored the economic damage done by...
Goldman Sachs profit halves on higher loan loss provisions, investment hit
Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due...
Uber targets older Americans with phone-based food ordering during coronavirus crisis
Uber Technologies Inc on Wednesday said customers in New York City and the Miami area could now order restaurant meal deliveries over the phone, instead...
Toshiba to temporarily close factories, offices in Japan
Toshiba Corp on Wednesday said it will temporarily close factories and offices in Japan from May 6 to May 15, allowing as many as 76,000...
Citigroup profit nearly halves as loan defaults loom
Citigroup Inc reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to prepare for an expected flood...