U.S. FAA juggles air traffic staffing as flights plummet amid coronavirus
The Federal Aviation Administration is rejiggering staffing at air traffic control centers to respond to the dramatic falloff in flights and to reduce the impact...
LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads
LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders...
Prophet Capital to dissolve hedge fund amid ‘extreme volatility’
Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one...
U.S. grocers add plexiglass sneeze guards to protect cashiers from coronavirus
Kroger Co, Walmart Inc, Albertsons and other grocery sellers are installing plexiglass partitions at checkout counters to protect cashiers from the highly contagious coronavirus....
Credit Suisse weighs curbing bonuses at time of coronavirus: CEO
Credit Suisse bank could restrain 2020 bonuses in a show of unity with victims of the coronavirus epidemic in Switzerland, Chief Executive Thomas Gottstein said...
Prophet Capital to dissolve hedge fund following market volatility
Prophet Capital Asset Management LP, an investor in loans and structured credit securities, plans to temporarily block investors from removing their money from one of...
Visa transaction volumes hurt as coronavirus crisis deepens
Visa Inc said on Monday its transaction volumes had been hit as the coronavirus pandemic wreaks havoc on consumer spending, leading it to forecast mid-single-digit...
Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic
Fiat Chrysler Automobiles NV’s top executives and salaried workers around the globe will take pay cuts in an act of “shared sacrifice” brought on by...
The U.S. weighs the grim math of death vs. the economy
Hollstadt Consulting CEO Molly Jungbauer has had to let go 30 of the 150 employees at her St. Paul, Minnesota firm to weather the drop...
Ford, GE to produce 50,000 ventilators in 100 days
Ford Motor Co said on Monday it will produce 50,000 ventilators over the next 100 days at a plant in Michigan in cooperation with General...