Fiat Chrysler to make face masks for North America
Italian-U.S. car giant Fiat Chrysler has confirmed plans to produce a million face masks a month and said it will distribute them to emergency services...
Ford works with 3M, GE to speed up ventilator, respirator production
Ford Motor Co said on Tuesday it was working with General Electric’s healthcare unit and 3M Co to speed up production of ventilators for patients...
Refiner Phillips 66 cuts spending forecast by 18%, commits to dividend
Refiner Phillips 66 on Tuesday cut its 2020 spending forecast by about 18% and assured investors their dividend was secure even as the coronavirus outbreak...
U.S. holding slew of new drilling lease sales despite oil market slump
The Trump administration is moving ahead with oil and gas lease sales in four Western states beginning on Tuesday, bucking criticism from taxpayer advocates who...
Investors eye cracks in $4.4 trillion U.S. ETF market as virus sell-off rages
Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played...
U.S. industries scramble for exemptions as state shutdown orders grow
As several more U.S. states moved to impose stay-at-home orders to limit the spread of the coronavirus, industries from steelmakers to auto dealerships were scrambling...
Chevron cuts 2020 spending, Permian production forecasts by 20%
Chevron Corp said on Tuesday it was lowering its forecasts for spending and Permian production by 20% for the year, and will suspend share buybacks...
Bank of England says coronavirus tougher than banks’ stress test
The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year’s stress test and the financial...
Volkswagen to halt production in Russia due to supply shortage from Europe
Volkswagen will suspend its car production in Russia over a supply shortage caused by the coronavirus outbreak in Europe, Volkswagen Group Rus said on Tuesday....
Reopening economy too early could backfire for humans and markets, investors say
U.S. President Donald Trump’s desire to rapidly reopen the economy despite signs the coronavirus is still spreading may backfire, with higher deaths and citizens remaining...