EU exec proposes shorter work hours to prevent layoffs amid epidemic
The EU executive proposed on Wednesday a wage-subsidy scheme to encourage employers to cut workers’ hours rather than their jobs amid the coronavirus epidemic, a...
Dow falls 600 points to start second quarter as virus anxiety grows
The Dow Jones fell 600 points on Wednesday as investors fled to safe-haven assets after new orders for U.S.-made goods plunged to an 11-year low...
Pelosi urges U.S. Treasury not to delay $25 billion in grants to airlines
U.S. House Speaker Nancy Pelosi urged the U.S. Treasury on Wednesday not to hold up $25 billion in cash grants approved by Congress last week...
AT&T names Jason Kilar as CEO of WarnerMedia
AT&T Inc on Wednesday named Jason Kilar, former head of video streaming platform Hulu, as the chief executive officer of its unit WarnerMedia, effective May...
Meal delivery firms branch out into groceries during crisis
Uber Eats and Delivery Hero are expanding from providing restaurant meals into supplying groceries to customers stuck at home during lockdowns triggered by the coronavirus...
Fiat Chrysler, GM try discounts, online buying to juice dormant auto sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler and General Motors Co moved to reboot demand moved to reboot demand with seven-year, no...
U.S. restaurants seek $325 bln of federal aid due to coronavirus hit
((This March 18 story, corrects headline and first paragraph to say aid requested was $325, not $455 billion.))...
U.S. manufacturing contracts; private payrolls post first drop since 2017
U.S. manufacturing activity contracted less than expected in March, but disruptions caused by the coronavirus pandemic pushed new orders received by factories to an 11-year...
Insurers fret as company bosses face coronavirus legal claims
Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect...
Kroger posts 30% jump in March comparable sales, borrows $1 billion
Kroger Co’s comparable sales surged about 30% in March as consumers stockpiled due to the coronavirus pandemic, and the grocer said it had borrowed $1...