U.S. egg prices hit record levels as pandemic buying boosts demand
Increased demand for eggs in the United States has sent egg prices soaring in recent weeks as consumers scramble to stock up on staples due...
Singapore Airlines secures $13 billion to survive coronavirus and grow after
Singapore Airlines Ltd said it had secured up to S$19 billion ($13 billion) of funding to help see it through the coronavirus crisis and expand...
UTC, Raytheon deal wins U.S. antitrust approval, with divestitures
The U.S. Justice Department has approved United Technologies Corporation’s planned merger with Raytheon Co , subject to conditions, the agency said on Thursday....
U.S. carmakers move to shore up cash, Ford to restart some plants
The two largest U.S. automakers on Thursday announced measures to shore up their finances as the coronavirus pandemic takes a deep economic bite, with Ford...
Gap pulls forecast, suspends dividend, taps $500 million credit as coronavirus bites
Gap Inc on Thursday withdrew its full-year forecast issued just two weeks ago, suspended its dividend and said it will draw down on its entire...
GM extends North American shutdown, does not set restart date
General Motors Co said Thursday it will extend a shutdown of its North American plants beyond March 30, but added it does not know when...
Fed balance sheet tops $5 trillion for first time as it enters coronavirus war mode
The U.S. Federal Reserve’s balance sheet rocketed past $5 trillion in assets for the first time this week as it scooped up bonds and extended...
Time to buy stocks again, market mavens say
BlackRock, Credit Suisse and some other big banks reckon it is time to get back into equities after markets rallied this week following massive government...
Big banks reassure staff about potential job cuts
Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak...
Petrobras’ divestment push in Brazil challenged by oil price war
A move by Brazil’s Petrobras on Thursday to slash output, capital spending and dividends brings the state-run oil firm into alignment with global rivals confronted...