Swiss distillery shifts from schnapps to sanitizer
A Swiss distillery has converted its production of pear schnapps to make disinfectant hand gel for use against the coronavirus....
Fiat Chrysler hopes discounts, web can juice dormant auto sales
With auto showrooms shut during the coronavirus pandemic, Fiat Chrysler Automobiles NV on Wednesday reported a 10% drop in U.S. quarterly sales and moved to...
Whiting files for Chapter 11 bankruptcy as oil prices hover at $20
U.S. shale producer Whiting Petroleum Corp said on Wednesday it filed for Chapter 11 bankruptcy, the first major casualty of a free fall in crude...
U.S. construction spending unexpectedly falls in February
U.S. construction spending unexpectedly fell in February and could decline further as the coronavirus pandemic wreaks havoc on the economy....
U.S. factory activity contracts in March; orders tumble to 11-year low: ISM
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...
U.S. dollar gains as steep global economic slump looms
The dollar advanced on Wednesday, with markets staring at what looked likely to be one of the worst economic contractions in decades as the world...
Kroger comparable sales surge 30% in March, borrows $1 billion
Kroger Co’s comparable sales surged about 30% in March as consumers cleared off shelves in preparation for a lockdown due to the coronavirus pandemic and...
Equities drop as evidence mounts of deep global recession
World equity markets began the new quarter with steep losses on Wednesday as evidence mounted that the coronavirus pandemic was sending the global economy into...
U.S. private payrolls post first drop in two-and-a-half years
U.S. private payrolls dropped in March for the first time in 2-1/2 years, likely as businesses shut down in compliance with strict measures to contain...
U.S. factory activity in March was weakest since 2009: IHS Markit
The U.S. manufacturing sector contracted in March, with activity hitting its lowest level since 2009, as the coronavirus pandemic caused widespread shortages, a survey confirmed...