Coronavirus seen knocking U.S. retail sales in March
U.S. retail sales likely suffered a record drop in March as mandatory business closures to control the spread of the novel coronavirus outbreak depressed demand...
Tesla’s China car registrations surge in March as Shanghai factory back up
U.S. electric vehicle maker Tesla Inc’s China car registrations jumped 450% in March, month on month, data from auto consultancy LMC Automotive showed....
Major U.S. airlines accept government aid for payrolls; American and Alaska also seeking loans
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers have...
Airbnb secures new $1 billion loan on top of $1 billion bond deal
Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing...
Asia shares consolidate, China cuts another interest rate
Asian share markets took a breather on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even...
Major U.S. airlines accept government aid for payrolls; American also wants a loan
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers jobs...
Exclusive: J.C. Penney explores bankruptcy as hopes for recovery fade – sources
J.C. Penney Co Inc is exploring filing for bankruptcy protection after the coronavirus pandemic forced the U.S. retailer to temporarily shut its 850 department stores,...
Virus-hit Princess Cruises to anchor all voyages till end of June
Carnival Corp-owned Princess Cruises, whose three ships had become hotbeds for coronavirus infections, said on Tuesday it would cancel all voyages until June-end, after a...
Amazon fires three reported critics of warehouse conditions in pandemic
Amazon.com Inc said on Tuesday it had fired three reported critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from...
P&G boosts dividend, says earnings to be released ahead of schedule
Procter & Gamble Co raised its quarterly dividend by 6% on Tuesday and advanced the release of its third-quarter earnings to April 17, saying that...