Grounded planes insured for more than $160 billion: report
Aeroplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday....
Here’s how the U.S.’s Main Street bailout program is going so far
The Trump administration’s bailout program for small and mid-sized businesses, which aims to keep companies that employ 60 million Americans afloat despite widespread shutdowns related...
Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact
Defense contractor Lockheed Martin Corp said on Friday it hired about 1,000 employees in the last two weeks and increased payments to suppliers to counter...
Trump to host Big Oil execs at White House to discuss market slump
U.S. President Donald Trump will meet with oil company executives at the White House on Friday afternoon to discuss a historic oil-price slump threatening their...
Heineken says it will suspend production, distribution in Mexico due to coronavirus
Dutch brewer Heineken said on Friday that it will suspend production and distribution from its seven plants in Mexico, in response to the government’s decision...
Ford to keep Europe manufacturing ops offline at least until May 4
Ford Motor Co on Friday extended the temporary suspension of vehicle and engine production at most of its European manufacturing sites at least until May...
OPEC+ debates biggest-ever oil cut as virus destroys demand
OPEC and its allies are working on a deal for an unprecedented oil production cut equivalent to around 10% of global supply, an OPEC source...
Deep OPEC+ cuts won’t be enough to prevent oil inventory build: IEA head
Deep oil output cuts by OPEC and other producing nations would not be enough to prevent a huge build in global crude inventories in the...
Ford CEO Hackett’s salary fell to $17.4 million in 2019
Ford Motor Co said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018....
3M to make more face masks, ramp up imports to U.S. after Trump order
3M Co said on Friday it would increase the production of respirators and import more masks into the United States, after President Donald Trump invoked...